Current Board Papers

Below are the public papers for AASB Board Meetings.

Meeting 21-22 June 2021. (No. 181)

Agenda Item No.

Document Title

3.1

Cover memo: Staff analysis and recommendation on certain topics to be included in Tier 3 discussion paper

3.2

Staff Paper: Setting of Tier 3 reporting requirements in the context of Australian Accounting Standards

3.3

Staff paper: Tier 3 reporting control and related entities

4.0

Staff Paper: Agenda Consultation

5.0

Staff Paper: IASB Third Agenda Consultation

6.1

Staff Paper: Proposed amendments to the IFRS Foundation’s Constitution to Accommodate an International Sustainability Standards Board

7.0

Research Update

8.1

Staff paper: Regulatory Assets and Liabilities

9.0

Cover memo: Audit engagement-related disclosures

9.1

Staff paper: Audit Tenure

 

9.2

 Staff paper: Auditor Remuneration

10.0

Cover memo: Going Concern

11.1

Summary of AASB Virtual Roundtable on AASB ITC 42 Business Combinations under Common Control

12.0

Cover Memo: Project plan

12.1

Staff Paper: Overview of IPSASB EDs and the scope of the AASB’s submission to the IPSASB

12.2

Staff Paper: Current value measurement of operational assets

14.1

Cover Memo

14.2

Staff Paper: Discounting and inflating under AASB 17/NZ IFRS 17 by public sector entities

14.3

Staff Paper: Eligibility for the PAA under AASB 17/NZ IFRS 17 for public sector entities

15.1

Principles for assessing the applicability of disclosure-only amendments to Tier 1 Standards to AASB 1060

15.2

Possible amendments to AASB 1060 and other Standards following amendments to full IFRS Standards

16.1

AASB 1058 Income of Not-for-Profit Entities targeted outreach

17.1

Documents open for comment by other organisations

18.1

Cover memo - Other Business – Public

18.2

Ballot Draft AASB 2021-X Amendments to Australian Accounting Standards – Deferred Tax related to Assets and Liabilities arising from a Single Transaction

Meeting 20-21 April 2021. (No. 180)

Agenda Paper No. Document Title
3.1 SAC 1 for NFP entities and principles for Tier 3 reporting requirements
3.2 Scope of the NFP FRF discussion paper
3.3 Principles for Tier 3 reporting requirements
4.1 Further staff analysis and recommendation on responses to ED 291
4.2 Working Draft of the Amending Standard – NFP Definition and Guidance
6.0 Cover memo: Review of Intangible Assets Accounting Requirements – Update on Draft Staff Report
7.1 Staff Paper: Measurement of GORTO liability under the modified retrospective transition approach
8.0 Staff Paper: AASB Agenda Consultation
9.1 Staff Paper: PIR IFRS 10,11,12 Feedback
9.2 ITC 43 Submission – HoTARAC
10.1 Cover Memo Insurance Activities in the Public Sector
10.2 Staff Paper: Scope of application of AASB 17/NZ IFRS 17 to public sector entities
10.3 Staff Paper: Risk adjustments for non-financial risk
11.0 Staff Paper: Going Concern
13.0.0 Cover memo: Other business
13.1 Staff Paper: Documents open for comment
13.2 IPSASB Report – March 2021

 

Meeting 24-25 February 2021. (No. 179)

Agenda Paper No. Document Title
3.1 Staff paper: Scope of application of AASB 17/ PBE IFRS 17 to public sector entities
3.2 Staff paper: Joint AASB-NZASB project objectives and next steps
4.1 Agenda Consultation
5.1 Staff paper: Cover memo-Scope of the public consultation document
5.2 Staff paper: Possible differential reporting Tiers for not-for-profit private sector entities
5.3 Staff paper: Applicability of the different tiers to not-for-profit private sector entities
5.4 Staff paper: Scope of NFP FRF project – Service Performance Reporting
6.1 Slide deck: BCUCC DP Education Session
7.1 Staff paper: Analysis of submission on ED 306 and staff recommendations
8.1 Research Update
10.1 Staff paper: AASB SMCs to accompany IPSASB EDs relating to Measurement
10.2 Draft AASB ITC document to be issued together with IPSASB EDs
10.3 Staff paper: High-level summary of survey results
11.1.0 Staff paper: Auditor Remuneration Disclosures
12.0 Cover memo: Documents open for comment
12.1.1 Staff paper: ED 305 Lease liability in a Sale and Leaseback
13.0 Cover memo: other business - public
13.4 IPSASB report, December 2020

 

Meeting 11-12 November 2020. (No. 178)

Agenda Paper No. Document Title
3.1 Staff paper: Summary of feedback from initial targeted consultation and next steps
4.1 Staff paper: Future direction of the project
4.2 Staff paper: Summary of feedback from users of public sector entities’ financial statements
5.1 Staff paper: Termination for Convenience Clauses
6.1 Staff Paper: Consider Feedback on the Discussion Paper and decide on issues for submission to IASB
6.2 Working draft submission to IASB: Discussion Paper Business Combinations-Disclosures, Goodwill and Impairment
6.3 Comment Letters received: Discussion Paper Business Combinations-Disclosures, Goodwill and Impairment (combined)
7.1 Staff Paper: ED 302 feedback 
8.0 Staff Paper: Documents Open for Comment
9.0 Staff Paper: Other Business – Public
9.4.1 IPSASB Report – September 2020 meeting
11.1 Staff Paper: Going Concern
14.1 Staff Paper: Sustainability Reporting

Meeting 16-17 September 2020. (No. 177)

Agenda Paper No. Document Title
4.1 Staff Paper:  Consider Feedback on Discussion Paper and decide on issues for submission to IASB
5.1 Staff Paper: Summary of Initial feedback received from regulators and conceptual framework panel members
6.1 Staff Paper: Comment letters received and draft submission on General Presentation and Disclosures
6.2 Draft submission to IASB: General Presentation and Disclosures
6.3 Comment Letters received: General Presentation and Disclosures (combined)
6.5 Late submission received: QBE Insurance Group
7.1 Staff Paper: Stakeholders’ feedback on proposed disclosures about adjustments on restricted land
7.2 Staff Paper: Paper for Project Advisory Panel meeting held on 14 August 2020, annotated with summary of feedback received from stakeholders
8.1 Staff Paper: Draft AASB submission to IPSASB
10.1 Staff Paper: NFP Conceptual Framework
10.2 NFP Conceptual Framework: RCF and IPSASB CF Comparison
10.3 Conceptual Framework for Financial Reporting: Proposed staff amendments
11.0 Staff Paper: Documents open for Comment
12.1 Staff Paper: IBOR Phase 2 amendments
12.2 Ballot draft: AASB 2020-X Amendments to Australian Accounting Standards – Interest Rate Benchmark Reform—Phase 2
13.0 Cover memo
13.4.1 IPSASB Report – June/July 2020

 

Meeting 11 June 2020. (No. 176)

Agenda Paper No. Document Title
3.0 Cover memo/general update
3.2 Lease concessions – NFP public sector and Tier 2 disclosures
4.1 Staff Paper: Consider Feedback on ED 298 and decide on submission to IASB
5.1 Staff paper: NFP Conceptual Framework project plan
7.1 Staff paper: Disclosures about discounts on restricted land
7.2 Staff’s proposed draft amendments to AASB 13 – proposed disclosures about discounts on restricted land
8.1 Cover Memo: Revision of The AASB’s For-Profit Entity Standard-Setting Framework
8.2 Draft revised The AASB’s For-Profit Entity Standard-Setting Framework (Month 2020)
9.1 Documents open for comment by other organisations
10.0 Cover Memo Other Business

 

Meeting 30 April 2020. (No. 175)

Agenda Paper No. Document Title
3.1 Staff Paper: Proposed amendments - disclosure of compliance with R&M requirements in SPFS of FP private sector entities
3.2 Pre-ballot Draft: AASB 2020-X Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Certain For Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements
4.1 Staff Paper: Consider Feedback on ED 298 and decide on submission to IASB
5.1 Staff Paper: Response to financial reporting issues of COVID-19
6.1 IBOR draft comment letter to IASB
7.1 Further staff analysis and recommendations on certain responses to ED 291
8.1 Presentation slides: Encouraging disclosures about discounts on restricted land as an interim step
10.1 International Documents Open for Comment
11.0 CM Other Business public

 

Meeting 5-6 March 2020. (No. 174)

Agenda Paper No. Document Title
3.1 Staff Paper: Initial summary responses to ED 297 & 295
3.2 Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities
3.3 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities
3.5 Staff Paper: Summary of NFP private and public sector specific issues raised in relation to ED 295 and staff recommendations
5.1 Staff Paper: Report on December 2019 Meeting of the IPSASB
6.1 Staff Paper: Amendments to AASB 101
6.2 Amendments to Australian Accounting Standards – Classification of Liabilities as Current or Non-current
7.1 Staff Paper: Documents open for comment by other organisations
8.0 Cover Memo
11.1 Staff Paper: ROU assets under concessionary leases and draft ED
11.2 Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Entities Held Primarily for their Service Capacity
11.3 Tabled Paper: Letter from HoTARAC
13.1 Staff Paper: Staff analysis and recommendations on certain responses to ED 291
15.1 AASB Work Program

 

Meeting 21 November 2019. (No. 173)

Agenda Paper No. Document Title
3.1 Staff Paper: Initial summary responses to ED 291
4.0 Cover Memo – Project Plans
4.1 Public Sector Financial Reporting Framework project plan
5.1 NFP Private Sector Financial Reporting Framework project plan
6.1 Cover Memo
6.2 Working draft of Exposure Draft Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Entities Held for their Service Capacity (marked up for changes since the June 2019 meeting draft)
6.3 A clean version of Agenda Paper 6.2 – ie without mark ups (for reference only)
6.4 Letter from Mr John Harvey dated 6 June 2019 (for noting)
6.5 Submission from Australis Asset Advisory Group received on 16 September 2019 (for noting)
6.6 Letter from the Australasian Council of Auditors General (ACAG) dated 23 September 2019 (for noting)
7.1 Staff paper – Update on research and education
9.1 Staff paper – Report on the IPSASB meeting, September 2019
10.0 Cover Memo – Roundtable Summaries
10.1 Staff paper – summary of feedback from roundtables on ED 297
11.1 Staff paper – summary of feedback from roundtables on ED 295
12.0 Staff paper - Research Grants
12.1 Ballot Draft of Amendments to Australian Accounting Standards - Research Grant Examples and Deferral of AASB 15 and AASB 1058 for Not-for-Profit Entities
12.2 Submissions on Fatal-Flaw Review Draft of Amendments to Australian Illustrative Examples for NFP Entities accompanying AASB 15 – Nexia, AAMRI and ACAG
12.3 Further submissions on Fatal Flaw Review Draft
13.1 Staff paper – Management Commentary project plan
14.1 Staff paper – Remuneration reporting project plan
15.1 Staff paper – Intangible assets project plan
16.1 Staff paper – PFS project plan
17.1 Staff paper - Interest Rate Benchmark Reform – Phase 1 Tier 2 RDR
18.0 Staff paper Open for comments document
20.0 UPDATED: Cover Memo - Other Business
20.7 AASB’s submission into Inquiry into Regulation of Auditing
22.2 Work program
24.0 Cover memo - Disclosure of Compliance with R&M in SPFS
24.1 Ballot draft of Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements – clean version
24.2 Ballot draft of Amendments to Australian Accounting Standards – Disclosure in Special Purpose Financial Statements of Not-for-Profit Private Sector Entities on Compliance with Recognition and Measurement Requirements – marked up version
25.0 Cover memo - AASB 1054 – Disclosure re New IFRS Standards Not Yet Issued in Australia
25.1 Ballot draft of Amendments to Australian Accounting Standards – Disclosure of the Effect of New IFRS Standards Not Yet Addressed in Australia
25.2 Submission received on Fatal-Flaw Review version

 

Meeting 17-18 September 2019. (No. 172)

Agenda Paper No. Document Title
8.1 Staff paper: Implementation issues re AASB 1059
8.2 Draft amending standard (amendment section)
8.3 Marked-up version of draft amending standard (amendment section)
8.4 Submissions received on the Fatal-Flaw Review draft standard
10.1 Summary of Submission to IASB ED 2019/4 Amendments to IFRS 17
10.2 AASB Submission to IASB ED 2019/4 Amendments to IFRS 17
11.1 Cover Memo: Possible AASB Submission to Parliamentary Inquiry into Regulation of Auditing
11.2 Potential Points for Submission by AASB to Parliamentary Inquiry into Regulation of Auditing
11.3 Terms of Reference for Parliamentary Inquiry into Regulation of Auditing
12.1 Staff paper: Disclosure of effect of new IFRS Standard not yet issued in Australia
13.1 Staff Paper: GAAP GFS Reconciliation Requirements
13.2 HoTARAC Letter
13.3 Overview of AASB 1049
13.4 Extract of 2019-20 Budget Papers
14.1 Staff Paper: Implementation Issues regarding AASB 2018-8
14.2 Letter from South Australia Department of Treasury and Finance regarding AASB 2018-8
15.1 Australian Financial Reporting Framework - Not-for-Profit Public Sector Entities
16.1 Staff Paper: Update on June 2019 Meeting of IPSASB
16.2 Agenda Paper: Report from IPSASB Consultative Advisory Group Meeting
17.1 Staff Paper feedback on ED 297 and ED 295 comment period
17.2 Letter from Nexia
17.3 Email CAANZ and CPA Australia
18.1 Staff Paper: AASB 1054 - Disclosure of Compliance with R&M in SPFS-REVISED
19.1 Cover Memo Draft AASB Education Strategy
19.2 Draft AASB Education Strategy
20.1 Cover Memo Draft AASB EISSF
20.2 Draft AASB EISSF
21.1 Update on ASIC Research Report 12 Findings
22.1 Staff Paper: Staff FAQs on Research Grants
22.2 Draft Revised Illustrative Example 4 to AASB 15
22.3 Draft Revised Staff FAQs on Research Grants
22.4 Draft Revised Staff FAQs Flowchart – Chart 3
22.5 AAMRI Letter
23.1 Presentation on Research Report 11 findings on charities lodging with ACNC
24.1 Cover Memo: AASB Due Process Framework for Setting Standards
24.2 Draft AASB Due Process Framework for Setting Standards
25.0 Cover memo Update on UAC meeting
25.1 Summary meeting minutes from August UAC
25.2 Terms of references
26.0 Cover Memo Documents open for comment
27.1 Cover Memo: AASB International Strategy Policy Paper
27.2 Draft AASB International Strategy
28.0 Cover Memo Other Business

 

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