Australian Government
Australian Accounting Standards Board
| Board Meeting Dates 2022 |
Meeting No. |
Agenda | Board Papers | Action Alert | Minutes |
| Feb 23-24 | 185 | Available | Available | Available | Available |
| April 7* | 186 | UPDATED | Available | Available | Available |
| May 18* | 187 | Available | Available | Available | Available |
| June 22-23 | 188 | REVISED | Available | Available | Available |
| Aug 3* | 189 | Available | Available | Available | Available |
| Sept 21* | 190 | REVISED | Available | Available | Available |
| Nov 10* | 191 | Available | Available | Available | Available |
| Dec 14-15 | 192 | REVISED | Available | Available | Available |
* Meeting to be held by Videoconference
| Agenda Item No. | Document Title |
| 3.1 | Cover Memo: Fair Value Measurement for Not-for-Profit Public Sector Entities |
| 3.2 | Analysis of stakeholder’s comments on certain proposed fair value principles |
| 3.3 | Staff’s suggested changes to Fatal-Flaw Review draft in response to stakeholders’ comments |
| 3.4 | Marked-up file showing suggested changes to make to the final Standard |
| 3.5 | Ballot Draft Standard AASB 2022-X Amendments to Australian Accounting Standards – Fair Value Measurement of Non-Financial Assets of Not-for-Profit Public Sector Entities |
| 3.6 | Submissions received on Fatal-Flaw Review draft Standards |
| 4.1 | Cover Memo: Insurance Activities in the Public Sector |
| 4.2 | Application date of AASB 17 for public sector entities |
| 4.3 | Ballot Draft Standard AASB 2022-X Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments |
| 4.4 | Staff analysis of feedback received on Fatal-Flaw Review Draft Standard |
| 4.5 | Marked-up file showing suggested changes to make to the final Standard |
| 4.6 | Ballot Draft Standard AASB 2022-Y Amendments to Australian Accounting Standards – Insurance Contracts in the Public Sector |
| 4.7 | Submissions received on Fatal-Flaw Review draft Standard |
| 5.1 | Sustainability Reporting - Update on international and jurisdictional perspectives |
| 6.1 | Staff Paper: Non-current liabilities with covenants |
| 6.2 | Ballot Draft Standard AASB 2022-Z Amendments to Australian Accounting Standards – Non-current Liabilities with Covenants |
| 6.3 | AASB Comment Letter on IASB ED/2021/9 Non-current Liabilities with Covenants |
| 6.5 | Cover Memo: Editorial corrections and repeals |
| 6.6 | Ballot Draft Standard AASB 2022-C Editorial Corrections to Australian Accounting Standards and Repeal of Superseded and Redundant Standards |
| 7.1 | Staff Paper: Service Performance Reporting - Background and education session |
| 7.2 | Exposure Draft ED 270 Reporting of Service Performance Information |
| 7.3 | Staff Paper 13.1 Reporting Service Performance Information – Comments on ED 270 (December 2016) |
| 8.1 | Staff paper: Intangible assets project plan |
| 9.1 | Research Update |
| 10.1 | Documents Open for Comment |
| 11.1 | Other Business – Public |
| 11.2 | CPA Letter |
| Agenda Item No. | Document Title |
| 3.1 | Cover memo: Sustainability Reporting |
| 3.3.1 | Update on International and jurisdictional perspectives |
| 3.2.1.0 | Feedback summary—overview |
| 3.2.2 | Feedback summary—ED 321 Request for Comment on ISSB [Draft] IFRS S1 and [Draft] IFRS S2 |
| 3.2.3 | Feedback summary—ISSB Exposure Draft on [Draft] IFRS S1 |
| 3.2.4 | Feedback summary—ISSB Exposure Draft on [Draft] IFRS S2 |
| 3.3 | Update on international and jurisdictional perspectives |
| 4.1 |
IASB proposed amendments to IFRS for SMEs and potential effect on AASB 1060 |
| 4.2 |
IASB ED/2022/1 IFRS for SMEs Accounting Standard – Third edition of the IFRS for SMEs Accounting Standard |
| 4.3 | IASB ED/2022/1 IFRS for SMEs Accounting Standard – Third edition of the IFRS for SMEs Accounting Standard Basis for Conclusions |
| 4.4 | Exposure Draft — Snapshot IFRS for SMEs Accounting Standard – Third edition of the IFRS for SMEs Accounting Standard |
| 5.1 | Cover Memo: Insurance activities of public sector entities – Consequential amendments |
| 5.2 | Draft Standard showing suggested changes to make to the Fatal-Flaw Review draft version for the final Standard |
| 6.1 |
Auditor Remuneration Disclosures – project update |
| 6.2 | NZASB Exposure Draft 2022-9 Disclosure of Fees Paid to Audit Firms (Proposed amendments to FRS-44) |
| 7.1 | Documents Open for Comment |
| 8.1 | Other Business – Public |
| 9.1 | Staff Paper: Lease Liability in a Sale and Leaseback |
| 9.2 | Ballot Draft: AASB 2022-X Amendments to Australian Accounting Standards – Lease Liability in a Sale and Leaseback |
| 9.3 | AASB Comment Letter on IASB ED/2020/4 Lease Liability in a Sale and Leaseback |
| 9.4 | Comment Letters received on ED 305 |
| Agenda Item No. | Document Title |
| 3.1.0 | Sustainability Reporting Project update |
| 3.1.1 | AASB-AUASB joint submission to the ISSB |
| 3.1.2 | Submissions to ED 321 and staff summary of survey responses to ED 321 |
| 3.1.3.1 | Submissions from Australian stakeholders to the ISSB (Submissions 1 – 25) |
| 3.1.3.2 | Submissions from Australian stakeholders to the ISSB (Submissions 26 - 50) |
| 3.1.4 | AOSSG comment letter submissions to the ISSB |
| 3.2.0 | Update on international and jurisdictional perspectives |
| 4.1 | Cover Memo: Insurance Activities in the Public Sector |
| 4.2 | Sub-grouping of insurance contracts |
| 4.3 | Initial recognition when insurance contracts are onerous |
| 4.4 | Coverage period and eligibility for the premium allocation approach |
| 4.5 | Indicators for identifying arrangements within the scope of the Standard |
| 4.6 | Risk adjustments |
| 4.7 | Captive insurers |
| 4.8 | Regulatory and other issues |
| 5.1 | Research update |
| 6.1 | Other Business |
| 7.1 | Docs open for comment |
| 8.1 | Cover Memo: Fair Value Measurement for Not-for-Profit Entities |
| 8.2 | Scope of the project |
| 8.3 | Highest and best use |
| 8.4 | Market participant assumptions |
| 8.5 | Application of the cost approach |
| 8.6 | Application and due process |
| 8.7 | Comment letters received on ED 320 |
| 9.1 | Cover Memo |
| 9.2 | NFP PIRs – Summary of feedback from initial targeted outreach on certain topics |
| 9.3 | NFP PIRs – Summary of findings from academic and non-academic literature review |
| 9.4 | Cover memo – NFP PIR ITCs |
| 9.4.1 | NFP PIRs – Draft Invitation to Comment - Post-implementation Review Income of Not-for-Profit Entities |
| 9.4.2 | NFP PIRs – Draft Invitation to Comment - Post-implementation Review Certain Australian Accounting Standard Requirements for Not-for-Profit Entities |
| Agenda Item No. | Document Title |
| 3.1 | Cover memo Not-for-Profit Private Sector Financial Reporting Framework |
| 3.2.1 | Tier 3 – Draft Discussion Paper |
| 3.2.2 | Tier 3 – Summary of sweep and other issues |
| 4.1 | Cover Memo: Insurance Contracts in the Public Sector |
| 4.2 | Indicators for determining which arrangements are within the scope of the Standard |
| 4.3 | Risk adjustments in measuring insurance liabilities |
| 4.4 | Emerging issues: adverse development covers, investment components |
| 4.5 | Comment letters received on AASB ED 319 and NZASB ED 2022-3 |
| 4.6 | Bank depositor compensation schemes |
| 5.1 | Cover Memo |
| 6.0 | Staff paper: Update on international sustainability reporting |
| 7.1 | Cover Memo: IPSASB Sustainability consultation paper |
| 8.1 | Cover Memo |
| 8.2 | NFP domestic PIRs |
| 8.3.1 | Cover Memo: PIR of AASB 1059 |
| 8.3.2 | [Working Draft] ITC: PIR of AASB 1059 |
| 9.1 | Other Business |
| 10.1 | Documents open for comment |
| Agenda Item No. | Document Title |
| 4.1 | Cover memo: Sustainability Reporting |
| 4.2.0 | Staff paper: Overview of IPSASB Consultation Paper Advancing Public Sector Sustainability Reporting |
| 4.2.1 | IPSASB Consultation Paper Advancing Public Sector Sustainability Reporting |
| 4.3.0 | Key themes from feedback received to date |
| 5.0 | Cover Memo: Audit Engagement-related Disclosures |
| 5.1 | XRB Paper on Disclosure of Fees paid to Audit Firms |
| 6.1 | NFP Domestic Post-Implementation Reviews |
| 7.1 | Research update |
| 8.1 | Cover memo: Agenda Consultation |
| 8.2 | Staff paper: Proposed responses to feedback |
| 8.3 | Staff Paper: Balance of the AASB’s activities |
| 9.1 | Other Business – Public |
| 10.1 | Documents open for comment |
| 11.1 | Report on AASB 17 TRG |
| 12.1.0 | Cover memo Not-for-Profit Private Sector Financial Reporting Framework |
| 12.2.1.0 | Tier 3 – Financial Instruments: |
| 12.2.1.1 | Supporting document: Tier 3 – Financial Instruments background previously presented in May 2022 |
| 12.2.2 | Tier 3 – Financial Instruments: Measurement |
| 12.2.3 | Tier 3 – Financial Instruments: Hedge accounting and Embedded Derivates |
| 12.2.4 | Tier 3 - Financial Instruments: Derecognition |
| 12.3.1 | Tier 3 – Disclosure approach for key topics |
| 12.3.2 | Tier 3 – Application of the recommended disclosure approach to transactions covered in the Tier 3 Standards |
| 13.2 | Ballot Draft of Amending Standard AASB 2022-X Amendments to Australian Accounting Standards – Disclosures in Special Purpose Financial Statements of Certain For-Profit Private Sector Entities |
| Agenda Item No. | Document Title |
| 3.1 | Cover memo Agenda Consultation |
| 3.2 | Summary of feedback received |
| 3.3 | AASB Agenda Consultation Roundtable feedback received |
| 3.4 | ITC 46 submissions and summary |
| 4.1 | Cover memo Post-Implementation Reviews |
| 4.2 | NFP domestic PIRs |
| 4.3 | Project plan – PIR of AASB 1059 Service Concession Arrangements: Grantors |
| 5.0 | Cover memo Not-for-Profit Private Sector Financial Reporting Framework |
| 5.1.1 | Tier 3 – Revenue/Income – determining distinction for the accounting for inflows of resources |
| 5.1.2 | Tier 3 – Revenue/Income – requiring assessment of sufficient specific criteria |
| 5.1.3 | Supporting document: High-level scenarios and other supporting materials |
| 5.2.1 | Tier 3 – Financial instruments – background |
| 5.2.2 | Tier 3 – Financial instruments – coverage and measurement |
| 6.1 | Cover memo Sustainability Reporting |
| 6.2.0 | [Draft] Sustainability Reporting project plan |
| 6.2.1 | ED 321 Request for Comment on ISS [Draft] IFRS S1 General Requirements for Sustainability-related Financial Information and [Draft] IFRS S2 Climate-related Disclosures |
| 6.3 | Update on selected international and jurisdictional perspectives |
| 7.1 | Other Business |
| 7.2 | IPSASB Report |
| 8.1 | Docs open for comment |
| Agenda Item No. | Document Title |
| 2.4 | Cover Memo Other Business |
| 3.1.0 | Sustainability Reporting Cover Memo |
| 3.2.0 | Proposed project scope |
| 3.2.1 | GRI 1 Foundation 2021 |
| 3.2.2 | GRI 2 General Disclosures 2021 |
| 3.2.3 | GRI 3 Material Topics 2021 |
| 3.3.1 | TRWG Climate-related Disclosures prototype standard |
| 3.3.2 | TRWG Climate-related Disclosures Prototype—Supplement: Technical Protocols for Disclosure Requirements |
| 3.4.0 | General Requirements for Disclosure of Sustainability-related Financial Information Prototype |
| 3.4.1 | TRWG General Requirements for Disclosure of Sustainability-related Financial Information prototype standard |
| 4.1 | Not-for-Profit Private Sector Financial Reporting Framework Cover memo |
| 4.2.0 | Tier 3 – Impairment |
| 4.2.1 | Supporting document: Detailed requirement of impairment in Australian Accounting Standards |
| 4.3 | Tier 3 – Initial measurement of donated/granted non-financial assets and inventory |
| 5.1 |
Analysis of feedback on ED 318, staff recommendations and next steps |
| 5.2 |
Submission letters on ED 318. These can can be accessed from ED 318 located on the Current Projects / Pending page of the AASB website |
| Agenda Item No. | Document Title |
| 3.1 | Cover memo: Sustainability Reporting |
| 3.2 |
Background to global sustainability reporting |
| 3.3 | Australian and selected jurisdictional perspectives |
| 3.4 |
Feedback summary—ITC 46 AASB Agenda Consultation 2022-2026 |
| 3.5 |
Feedback summary—ITC 48 Extended External Reporting |
| 3.5.1 |
Submissions received in response to ITC 48 |
| 3.5.2 |
Further Submission received in response to ITC 48 |
| 3.6 |
Preliminary academic literature review |
| 3.8 |
Positioning sustainability reporting requirements in Australia |
| 3.9 |
The proposed Australian perspective |
| 5.1 |
Staff Paper: AASB Agenda Consultation |
| 5.1.1 |
Submissions for ITC 46 |
| 5.3 |
ITC 46 Submission Letter |
| 6.1 |
Cover Memo: Insurance Activities in the Public Sector |
| 6.2 |
Staff Paper: Feedback on field test of proposed indicators of activities within the scope of AASB 17 |
| 6.3 |
Draft Exposure Draft – Public sector modifications to AASB 17 |
| 6.4 |
Draft Fatal-Flaw Review version of amending Standard – Consequential amendments |
| 7.1 |
Staff paper: Analysis of stakeholder feedback on ED 316 |
| 7.2 | Exposure Draft ED 316 – Non-current liabilities with covenants |
| 7.3 | Summary of stakeholder feedback to ED 316 |
| 8.1 |
Staff paper: Extending Transition Relief under AASB 1 |
| 8.2 |
Submissions received on ED 315 |
| 8.3 |
AASB Exposure Draft ED 315 Extending Transition Relief under AASB 1 |
| 9.1 |
Cover Memo: Fair Value Measurement for NFP Entities |
| 9.2 |
Staff Paper: Market participant assumptions |
| 9.3 |
Working draft Exposure Draft |
| 10.1 |
Staff Paper: Research update |
| 11.1 |
Cover Memo: Project overview |
| 11.2 |
Staff paper: Tier 3 – Investment Property and Property, Plant and Equipment |
| 11.3 |
Staff paper: Tier 3 – Employee Benefits |
| 11.4 |
Staff paper: Tier 3 – Revenue/Income (preliminary discussion) |
| 11.4.1 |
Supporting documents: Detailed requirement of income pronouncements from other standard setters |
| 11.7.1 |
Research study |
| 12.1 |
Staff paper: staff analysis of the feedback received on ED 317 |
| 12.2 |
Summary of feedback for ED 317 |
| 13.1 |
Staff paper: SPFS disclosures for certain for-profit private sector entities |
| 13.2 |
Preliminary assessment for RIS purposes |
| 13.3 |
Pre-ballot draft of amending Standard re SPFS disclosures |
| 14.1 |
Documents open for comment |
| 15.0 |
Cover Memo: Other Business – Public |
| 15.1 |
Post-implementation review IFRS 9 - Classification and Measurement |
| 15.2 | IPA Letter to AASB on Exposure draft ED 2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach |
| 15.3 |
IPSASB meeting report – December 2021 |