Open for Comment

Open for comment work-in-progress documents are proposal documents of various types for which the open-for-comment period either has not yet closed or has recently closed. The documents may be Proposed Agenda Decisions, Exposure Drafts, Draft Interpretations, Invitations to Comment or Discussion Papers. The documents retain the “open for comment” status until they are classified by the AASB staff as “pending” instead.

During the open-for-comment period for a document, links are provided to facilitate the provision of e-mail comments to the AASB and to other organisations (if relevant).

Comment letters are to be lodged with the AASB via the “Submit comments to AASB” button.  A PDF document must be lodged.  The AASB prefers that a Word document also be lodged, for internal use only.

Analyses of Disclosure Requirements relating to Tier 2 proposal documents can be found in the WIP/RDR pages by clicking here.

Clicking on a detailed-view button [+] gives links to any related pronouncements (as at the date of issue of the proposal document), submission from the AASB and comment letters to the AASB. Typically, the submission and comment letters will appear on the website only after the proposal document has been classified as “pending”.

Exposure Draft - ED 319 Insurance Contracts in the Public Sector - March 2022 - Open for comment

Download PDF - 1217kB

Open for comment to AASB until 08 June 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 17 Insurance Contracts - July 2020 (Compilation)

Download PDF - 1769kB

Applies to reporting periods beginning on or after 01 Jan 2023

Exposure Draft - Fatal-Flaw Review Draft AASB 2022-X Amendments to Australian Accounting Standards – Insurance Contracts: Consequential Amendments for Public Sector Entities - March 2022 - Open for comment

Download PDF - 412kB

Open for comment to AASB until 08 June 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 17 Insurance Contracts - July 2020 (Compilation)

Download PDF - 1769kB

Applies to reporting periods beginning on or after 01 Jan 2023

Related pronouncement

AASB 1038 Life Insurance Contracts - May 2019 (Compilation)

Download PDF - 1374kB

Applies to reporting periods beginning on or after 01 Jan 2020

Related pronouncement

AASB 1057 Application of Australian Accounting Standards - March 2020 (Compilation)

Download PDF - 1727kB

Applies to reporting periods beginning on or after 01 Jul 2021

Related pronouncement

Interpretation 1047 Professional Indemnity Claims Liabilities in Medical Defence Organisations - May 2019 (Compilation)

Download PDF - 276kB

Applies to reporting periods beginning on or after 01 Jan 2020

Exposure Draft - ED 320 Fair Value Measurement of Non-Financial Assets of Not-for-Profit Public Sector Entities - March 2022 - Open for comment

Download PDF - 815kB

Open for comment to AASB until 30 June 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 13 Fair Value Measurement - March 2020 (Compilation)

Download PDF - 1207kB

Applies to reporting periods beginning on or after 01 Jul 2021

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