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.

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 - IASB ED/2024/4 Translation to a Hyperinflationary Presentation Currency - September 2024 - Open for comment

Download PDF - 102kB

Open for comment to IASB until 22 November 2024

Documents related to this Exposure Draft:

Related pronouncement

AASB 121 The Effects of Changes in Foreign Exchange Rates - March 2020 (Compilation)

Download PDF - 927kB

Applies to reporting periods beginning on or after 01 Jul 2021

Exposure Draft - ED 333 Equity Method of Accounting - October 2024 - Open for comment

Download PDF - 656kB

Open for comment to AASB until 22 November 2024 and to IASB until 20 January 2025

Documents related to this Exposure Draft:

Related pronouncement

AASB 128 Investments in Associates and Join Ventures - December 2022 (Compilation)

Download PDF - 451kB

Applies to reporting periods beginning on or after 01 Jan 2023

Submission from AASB

To IASB - 06 Dec 2024 - Download PDF - 464kB

Exposure Draft - ED 336 Provisions—Targeted Improvements - November 2024 - Open for comment

Download PDF - 759kB

Open for comment to AASB until 31 January 2025 and to IASB until 12 March 2025

Submit comments to AASB 

Documents related to this Exposure Draft:

Related pronouncement

AASB 137 Provisions, Contingent Liabilities and Contingent Assets - December 2022 (Compilation)

Download PDF - 1208kB

Applies to reporting periods beginning on or after 01 Jan 2023

Exposure Draft - ED 334 Limiting the Ability of Not-for-Profit Entities to Prepare Special Purpose Financial Statements - October 2024 - Open for comment

Download PDF - 1647kB

Open for comment to AASB until 28 February 2025

Submit comments to AASB 

Documents related to this Exposure Draft:

Related pronouncement

CF Conceptual Framework for Financial Reporting - December 2021 (Compilation)

Download PDF - 750kB

Applies to reporting periods beginning on or after 01 Jan 2022

Related pronouncement

CF Framework for the Preparation and Presentation of Financial Statements - March 2020 (Compilation)

Download PDF - 556kB

Applies to reporting periods beginning on or after 01 Jul 2021

Related pronouncement

AASB 1053 Application of Tiers of Australian Accounting Standards - May 2022 (Compilation)

Download PDF - 1893kB

Applies to reporting periods beginning on or after 01 Jul 2021 that end on or after 30 Jun 2022

Related pronouncement

AASB 1054 Australian Additional Disclosures - December 2022 (Compilation)

Download PDF - 2463kB

Applies to reporting periods beginning on or after 01 Jan 2023

Related pronouncement

AASB 1057 Application of Australian Accounting Standards - December 2022 (Compilation)

Download PDF - 1696kB

Applies to reporting periods beginning on or after 01 Jan 2023

Exposure Draft - ED 335 General Purpose Financial Statements – Not-for-Profit Private Sector Tier 3 Entities - October 2024 - Open for comment

Download PDF - 1760kB

Open for comment to AASB until 28 February 2025

Submit comments to AASB 

Documents related to this Exposure Draft:

Related pronouncement

AASB 1053 Application of Tiers of Australian Accounting Standards - May 2022 (Compilation)

Download PDF - 1893kB

Applies to reporting periods beginning on or after 01 Jul 2021 that end on or after 30 Jun 2022

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