Australian Government
Australian Accounting Standards Board
Wednesday, March 4, 2026
The AASB is seeking input from Australian stakeholders on new IASB proposals clarifying which entities can apply the fair value option in IAS 28.
The AASB has issued an Exposure Draft proposing narrow scope amendments to the fair value option in AASB 128 to clarify which entities are eligible to measure investments in associates and joint ventures at fair value. These clarifications respond directly to diversity in practice noted primarily in the insurance industry.
The amendments also align with upcoming changes under IFRS 18/AASB 18, which will affect how income and expenses from these investments are categorised in the statement of profit or loss.
The IASB is seeking feedback to ensure the amendments provide the clarity and consistency needed before IFRS 18 becomes effective.
Your feedback will help ensure the proposals reflect the realities of Australian insurance structures and investment practices.
To support the AASB’s submission, please provide feedback 31 March 2026. Given that the IASB has set a shortened consultation period, timely feedback is essential.
Feedback can be provided by:
· Submitting comments through the AASB website
· Emailing your feedback directly to [email protected]