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 307 Regulatory Assets and Regulatory Liabilities - February 2021 - Open for comment

Download PDF - 394kB

Open for comment to AASB until 10 May 2021 and to IASB until 30 July 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 14 Regulatory Deferral Accounts - May 2019 (Compilation)

Download PDF - 1034kB

Applies to reporting periods beginning on or after 01 Jan 2020

Exposure Draft - Fatal-Flaw Review Draft AASB 2021-X Amendments to Australian Accounting Standards – Modified Retrospective Transition Approach for Service Concession Grantors - May 2021 - Open for comment

Download PDF - 322kB

Open for comment to AASB until 04 June 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 1059 Service Concession Arrangements: Grantors - September 2019 (Compilation)

Download PDF - 2088kB

Applies to reporting periods beginning on or after 01 Jan 2020

Invitation to Comment - ITC 42 Business Combinations under Common Control - December 2020 - Open for comment

Download PDF - 1028kB

Open for comment to AASB until 17 July 2021 and to IASB until 01 September 2021

Submit comments to AASB

Direct link

Documents related to this Invitation to Comment:

Related pronouncement

AASB 3 Business Combinations - May 2019 (Compilation)

Download PDF - 1171kB

Applies to reporting periods beginning on or after 01 Jan 2020

Exposure Draft - ED 310 Lack of Exchangeability - May 2021 - Open for comment

Download PDF - 341kB

Open for comment to AASB until 23 July 2021 and to IASB until 01 September 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 121 The Effects of Changes in Foreign Exchange Rates - May 2019 (Compilation)

Download PDF - 914kB

Applies to reporting periods beginning on or after 01 Jan 2020

Invitation to Comment - ITC 45 Request for Comment on IPSASB Exposure Drafts ED 76 Conceptual Framework Update: Chapter 7, Measurement of Assets and Liabilities in Financial Statements and ED 77 Measurement - May 2021 - Open for comment

Download PDF - 1842kB

Open for comment to AASB until 03 August 2021 and to IPSASB until 25 October 2021

Submit comments to AASB

Direct link

Documents related to this Invitation to Comment:

Related pronouncement

CF Framework for the Preparation and Presentation of Financial Statements - May 2019 (Compilation)

Download PDF - 556kB

Applies to reporting periods beginning on or after 01 Jan 2020

Related pronouncement

AASB 13 Fair Value Measurement - February 2016 (Compilation)

Download PDF - 1201kB

Applies to reporting periods beginning on or after 01 Jan 2019

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

Download PDF - 561kB

Open for comment to AASB until 16 August 2021 and to IASB until 21 October 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 13 Fair Value Measurement - February 2016 (Compilation)

Download PDF - 1201kB

Applies to reporting periods beginning on or after 01 Jan 2019

Related pronouncement

AASB 119 Employee Benefits - May 2019 (Compilation)

Download PDF - 1205kB

Applies to reporting periods beginning on or after 01 Jan 2020

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