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 309 Disclosure Requirements in Australian Accounting Standards—A Pilot Approach - April 2021 - Open for comment

Download PDF - 600kB

Open for comment to AASB until 15 October 2021 and to IASB until 12 January 2022

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

Related pronouncement

AASB 119 Employee Benefits - March 2020 (Compilation)

Download PDF - 1197kB

Applies to reporting periods beginning on or after 01 Jul 2021

Comment letters to AASB

NSW Treasury - 30 Jul 2021 - Download PDF - 756kB

University of Technology Sydney - 27 Sep 2021 - Download PDF - 848kB

Exposure Draft - ED 314 Subsidiaries without Public Accountability: Disclosures - September 2021 - Open for comment

Download PDF - 585kB

Open for comment to AASB until 01 November 2021 and to IASB until 31 January 2022

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities - March 2021 (Compilation)

Download PDF - 2005kB

Applies to reporting periods beginning on or after 01 Jul 2021

Comment letters to AASB

BDO - 05 Nov 2021 - Download PDF - 194kB

CPA Australia and CA ANZ - 30 Oct 2021 - Download PDF - 133kB

Deloitte - 03 Nov 2021 - Download PDF - 261kB

EY - 02 Nov 2021 - Download PDF - 137kB

KPMG - 03 Nov 2021 - Download PDF - 189kB

Invitation to Comment - ITC 47 Request for Comment on IASB Request for Information on Post-implementation Review of IFRS 9 Financial Instruments – Classification and Measurement - October 2021 - Open for comment

Download PDF - 524kB

Open for comment to AASB until 31 December 2021 and to IASB until 28 January 2022

Submit comments to AASB

Direct link

Documents related to this Invitation to Comment:

Related pronouncement

AASB 9 Financial Instruments - September 2020 (Compilation)

Download PDF - 2072kB

Applies to reporting periods beginning on or after 01 Jan 2021

Exposure Draft - ED 315 Extending Transition Relief under AASB 1 - November 2021 - Open for comment

Download PDF - 370kB

Open for comment to AASB until 27 January 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 1 First-time Adoption of Australian Accounting Standards - December 2020 (Compilation)

Download PDF - 1111kB

Applies to reporting periods beginning on or after 01 Jul 2021

Related pronouncement

AASB 1053 Application of Tiers of Australian Accounting Standards - March 2021 (Compilation)

Download PDF - 1830kB

Applies to reporting periods beginning on or after 01 Jul 2021

Exposure Draft - ED 316 Non-current Liabilities with Covenants - December 2021 - Open for comment

Download PDF - 370kB

Open for comment to AASB until 03 February 2022 and to IASB until 21 March 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 101 Presentation of Financial Statements - March 2020 (Compilation)

Download PDF - 1142kB

Applies to reporting periods beginning on or after 01 Jul 2021

Exposure Draft - ED 317 Supplier Finance Arrangements - December 2021 - Open for comment

Download PDF - 337kB

Open for comment to AASB until 03 February 2022 and to IASB until 28 March 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 7 Financial Instruments: Disclosures - September 2020 (Compilation)

Download PDF - 1252kB

Applies to reporting periods beginning on or after 01 Jul 2021

Related pronouncement

AASB 107 Statement of Cash Flows - March 2020 (Compilation)

Download PDF - 1254kB

Applies to reporting periods beginning on or after 01 Jul 2021

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