Current Board Papers

Below are the public papers for 2021-2022 AASB Board Meetings.

Meeting 22-23 June 2022. (No. 188)

Agenda Item No.	Document Title
4.1	Cover memo: Sustainability Reporting
4.2.0	Staff paper: Overview of IPSASB Consultation Paper Advancing Public Sector Sustainability Reporting
4.2.1	IPSASB Consultation Paper Advancing Public Sector Sustainability Reporting
4.3.0	Key themes from feedback received to date
5.0	Cover Memo: Audit Engagement-related Disclosures
5.1	XRB Paper on Disclosure of Fees paid to Audit Firms
6.1	NFP Domestic Post-Implementation Reviews
7.1	Research update
8.1	Cover memo: Agenda Consultation
8.2	Staff paper: Proposed responses to feedback
8.3	Staff Paper: Balance of the AASB’s activities
9.1	Other Business – Public
10.1	Documents open for comment
11.1	Report on AASB 17 TRG
12.1.0	Cover memo Not-for-Profit Private Sector Financial Reporting Framework
12.2.1.0	Tier 3 – Financial Instruments:
12.2.1.1	Supporting document: Tier 3 – Financial Instruments background previously presented in May 2022
12.2.2	Tier 3 – Financial Instruments: Measurement
12.2.3	Tier 3 – Financial Instruments: Hedge accounting and Embedded Derivates
12.2.4	Tier 3 - Financial Instruments: Derecognition
12.3.1	Tier 3 – Disclosure approach for key topics
12.3.2	Tier 3 – Application of the recommended disclosure approach to transactions covered in the Tier 3 Standards
13.2	Ballot Draft of Amending Standard AASB 2022-X Amendments to Australian Accounting Standards – Disclosures in Special Purpose Financial Statements of Certain For-Profit Private Sector Entities

Meeting 18 May 2022. (No. 187)

Agenda Item No.	Document Title
3.1	Cover memo Agenda Consultation
3.2	Summary of feedback received
3.3	AASB Agenda Consultation Roundtable feedback received
3.4	ITC 46 submissions and summary
4.1	Cover memo Post-Implementation Reviews
4.2	NFP domestic PIRs
4.3	Project plan – PIR of AASB 1059 Service Concession Arrangements: Grantors
5.0	Cover memo Not-for-Profit Private Sector Financial Reporting Framework
5.1.1	Tier 3 – Revenue/Income – determining distinction for the accounting for inflows of resources
5.1.2	Tier 3 – Revenue/Income – requiring assessment of sufficient specific criteria
5.1.3	Supporting document: High-level scenarios and other supporting materials
5.2.1	Tier 3 – Financial instruments – background
5.2.2	Tier 3 – Financial instruments – coverage and measurement
6.1	Cover memo Sustainability Reporting
6.2.0	[Draft] Sustainability Reporting project plan
6.2.1	ED 321 Request for Comment on ISS [Draft] IFRS S1 General Requirements for Sustainability-related Financial Information and [Draft] IFRS S2 Climate-related Disclosures
6.3	Update on selected international and jurisdictional perspectives
7.1	Other Business
7.2	IPSASB Report
8.1	Docs open for comment

Meeting 7 April 2022. (No. 186)

Agenda Item No.	Document Title
2.4	Cover Memo Other Business
3.1.0	Sustainability Reporting Cover Memo
3.2.0	Proposed project scope
3.2.1	GRI 1 Foundation 2021
3.2.2	GRI 2 General Disclosures 2021
3.2.3	GRI 3 Material Topics 2021
3.3.1	TRWG Climate-related Disclosures prototype standard
3.3.2	TRWG Climate-related Disclosures Prototype—Supplement: Technical Protocols for Disclosure Requirements
3.4.0	General Requirements for Disclosure of Sustainability-related Financial Information Prototype
3.4.1	TRWG General Requirements for Disclosure of Sustainability-related Financial Information prototype standard
4.1	Not-for-Profit Private Sector Financial Reporting Framework Cover memo
4.2.0	Tier 3 – Impairment
4.2.1	Supporting document: Detailed requirement of impairment in Australian Accounting Standards
4.3	Tier 3 – Initial measurement of donated/granted non-financial assets and inventory
5.1	Analysis of feedback on ED 318, staff recommendations and next steps
5.2	Submission letters on ED 318. These can can be accessed from ED 318 located on the Current Projects / Pending page of the AASB website

Meeting 23-24 February 2022. (No. 185)

Agenda Item No.	Document Title
3.1	Cover memo: Sustainability Reporting
3.2	Background to global sustainability reporting
3.3	Australian and selected jurisdictional perspectives
3.4	Feedback summary—ITC 46 AASB Agenda Consultation 2022-2026
3.5	Feedback summary—ITC 48 Extended External Reporting
3.5.1	Submissions received in response to ITC 48
3.5.2	Further Submission received in response to ITC 48
3.6	Preliminary academic literature review
3.8	Positioning sustainability reporting requirements in Australia
3.9	The proposed Australian perspective
5.1	Staff Paper: AASB Agenda Consultation
5.1.1	Submissions for ITC 46
5.3	ITC 46 Submission Letter
6.1	Cover Memo: Insurance Activities in the Public Sector
6.2	Staff Paper: Feedback on field test of proposed indicators of activities within the scope of AASB 17
6.3	Draft Exposure Draft – Public sector modifications to AASB 17
6.4	Draft Fatal-Flaw Review version of amending Standard – Consequential amendments
7.1	Staff paper: Analysis of stakeholder feedback on ED 316
7.2	Exposure Draft ED 316 – Non-current liabilities with covenants
7.3	Summary of stakeholder feedback to ED 316
8.1	Staff paper: Extending Transition Relief under AASB 1
8.2	Submissions received on ED 315
8.3	AASB Exposure Draft ED 315 Extending Transition Relief under AASB 1
9.1	Cover Memo: Fair Value Measurement for NFP Entities
9.2	Staff Paper: Market participant assumptions
9.3	Working draft Exposure Draft
10.1	Staff Paper: Research update
11.1	Cover Memo: Project overview
11.2	Staff paper: Tier 3 – Investment Property and Property, Plant and Equipment
11.3	Staff paper: Tier 3 – Employee Benefits
11.4	Staff paper: Tier 3 – Revenue/Income (preliminary discussion)
11.4.1	Supporting documents: Detailed requirement of income pronouncements from other standard setters
11.7.1	Research study
12.1	Staff paper: staff analysis of the feedback received on ED 317
12.2	Summary of feedback for ED 317
13.1	Staff paper: SPFS disclosures for certain for-profit private sector entities
13.2	Preliminary assessment for RIS purposes
13.3	Pre-ballot draft of amending Standard re SPFS disclosures
14.1	Documents open for comment
15.0	Cover Memo: Other Business – Public
15.1	Post-implementation review IFRS 9 - Classification and Measurement
15.2	IPA Letter to AASB on Exposure draft ED 2021/3 Disclosure Requirements in IFRS Standards – A Pilot Approach
15.3	IPSASB meeting report – December 2021

Meeting 10-11 November 2021. (No. 184)

Agenda Item No.	Document Title
3.1	Cover memo: Fair Value Measurement for Not-for-Profit Entities
3.2	Staff paper: Draft modifications to AASB 13
3.3	Staff paper: Other measurement issues on which guidance has been requested
4.1	Staff Paper: Consideration of proposals and comparison to AASB 1060
5.1	Cover Memo: Insurance Activities in the Public Sector
5.2	Staff paper: Working draft ED
5.3	Staff paper: Risk adjustment – alignment of confidence levels
6.1	Cover Memo: Review of Intangible Assets Accounting Requirements – Revised Draft Staff Paper
7.1	Cover memo: Project overview
7.2	Staff paper: Tier 3 – primary financial statements
7.3	Staff paper: Tier 3 – leases
8.1	Staff paper: Alternative approaches to address disclosure problems
11.1	Staff Paper: Income of Not-for-Profit Entities (AASB 1058 and AASB 15 NFP guidance) – narrow-scope amendments
11.2	Staff Paper: Measurement of right-of-use assets from concessionary leases
12.1	Research Update
13.1	Documents open for comment
14.1	Cover memo: First-time adoption of AASB 1 by a subsidiary Exposure Draft
14.2	Pre ballot draft: Exposure Draft ED 3XX Application of AASB 1 by an Australian Subsidiary of an Overseas Parent – Transition Relief
15.1	Staff paper: IASB ED/2021/6 proposals – staff analysis
16.1	Staff paper: Disclosure of Accounting Policies – Proposed Amendments to Tier 2 and other Australian Accounting Standards
16.2	Pre-ballot Draft: AASB 2021-X Amendments to Australian Accounting Standards – Disclosure of Accounting Policies: Tier 2 and Other Australian Accounting Standards
17.0	Cover Memo: Other Business – Public
17.2	IPSASB meeting report – September 2021
17.3	Deferring the effective date of 2014 amendments to AASB 10 and AASB 128

Meeting 8-9 September 2021. (No. 183)

Agenda Item No.	Document Title
3.1	Cover memo
3.2	Staff Paper: Draft Comment Letter on IASB’s Third Agenda Consultation
4.1	Cover memo
5.1	Staff paper: Income of Not-for-Profit Entities
6.1	Staff paper: AASB draft ITC Agenda Consultation process
6.2	Draft ITC XX AASB Agenda Consultation 2022-2026
7.1	Staff paper: Education session and summary of feedback received to date on ED 311 Management Commentary
7.2	Slide deck on overview of ED 311 Management Commentary
8.1	Staff paper: First-time adoption of AASB 1 by a subsidiary
9.1	Research Update
10.1	Documents open for comment
11.1	Cover memo: Insurance Activities in the Public Sector
11.2	Staff paper: Identifying and accounting for onerous contracts and related unit of account issues
11.3	Staff paper: Redeliberation of Scope and Risk adjustment topics
11.4	Staff paper: Measurement of investments backing insurance liabilities
11.5	Staff paper: Risk mitigation program costs and other similar costs
11.6	Staff paper: Captive insurers
12.1	Staff paper: Application of accounting policies for omitted topics and application of higher tier requirements
13.1	Cover memo: IPSASB Exposure Drafts on Public Sector Measurement
13.2	Staff paper: Summary of stakeholder feedback
13.3	Staff paper: Working draft submission
14.1.0	Staff Paper: Post Implementation Review Overview
14.2	Draft work plan for forthcoming Post-implementation Reviews of domestic Standards and Interpretations
15.1	Staff paper: summary and analysis of stakeholder feedback
16.0	Cover Memo: Other Business – Public
16.3	IPSASB meeting report – June and July 2021

Meeting 4 August 2021. (No. 182)

Agenda Item No.	Document Title
3.1	Staff paper: Business Combinations under Common Control
4.1	Cover memo: Primary objective and staff analysis and recommendations on topics to be included in Tier 3 discussion paper
4.2	Staff paper: Primary objective of setting Tier 3
4.3	Staff paper: Change in accounting policies and correction of errors
5.1	Cover memo
5.2	Staff paper: Working draft submission
6	Documents open for comment

Meeting 21-22 June 2021. (No. 181)

Agenda Item No.	Document Title
3.1	Cover memo: Staff analysis and recommendation on certain topics to be included in Tier 3 discussion paper
3.2	Staff Paper: Setting of Tier 3 reporting requirements in the context of Australian Accounting Standards
3.3	Staff paper: Tier 3 reporting control and related entities
4.0	Staff Paper: Agenda Consultation
5.0	Staff Paper: IASB Third Agenda Consultation
6.1	Staff Paper: Proposed amendments to the IFRS Foundation’s Constitution to Accommodate an International Sustainability Standards Board
7.0	Research Update
8.1	Staff paper: Regulatory Assets and Liabilities
9.0	Cover memo: Audit engagement-related disclosures
9.1	Staff paper: Audit Tenure
9.2	Staff paper: Auditor Remuneration
10.0	Cover memo: Going Concern
11.1	Summary of AASB Virtual Roundtable on AASB ITC 42 Business Combinations under Common Control
12.0	Cover Memo: Project plan
12.1	Staff Paper: Overview of IPSASB EDs and the scope of the AASB’s submission to the IPSASB
12.2	Staff Paper: Current value measurement of operational assets
14.1	Cover Memo
14.2	Staff Paper: Discounting and inflating under AASB 17/NZ IFRS 17 by public sector entities
14.3	Staff Paper: Eligibility for the PAA under AASB 17/NZ IFRS 17 for public sector entities
15.1	Principles for assessing the applicability of disclosure-only amendments to Tier 1 Standards to AASB 1060
15.2	Possible amendments to AASB 1060 and other Standards following amendments to full IFRS Standards
16.1	AASB 1058 Income of Not-for-Profit Entities targeted outreach
17.1	Documents open for comment by other organisations
18.1	Cover memo - Other Business – Public
18.2	Ballot Draft AASB 2021-X Amendments to Australian Accounting Standards – Deferred Tax related to Assets and Liabilities arising from a Single Transaction

Meeting 20-21 April 2021. (No. 180)

Agenda Paper No.	Document Title
3.1	SAC 1 for NFP entities and principles for Tier 3 reporting requirements
3.2	Scope of the NFP FRF discussion paper
3.3	Principles for Tier 3 reporting requirements
4.1	Further staff analysis and recommendation on responses to ED 291
4.2	Working Draft of the Amending Standard – NFP Definition and Guidance
6.0	Cover memo: Review of Intangible Assets Accounting Requirements – Update on Draft Staff Report
7.1	Staff Paper: Measurement of GORTO liability under the modified retrospective transition approach
8.0	Staff Paper: AASB Agenda Consultation
9.1	Staff Paper: PIR IFRS 10,11,12 Feedback
9.2	ITC 43 Submission – HoTARAC
10.1	Cover Memo Insurance Activities in the Public Sector
10.2	Staff Paper: Scope of application of AASB 17/NZ IFRS 17 to public sector entities
10.3	Staff Paper: Risk adjustments for non-financial risk
11.0	Staff Paper: Going Concern
13.0.0	Cover memo: Other business
13.1	Staff Paper: Documents open for comment
13.2	IPSASB Report – March 2021

Meeting 24-25 February 2021. (No. 179)

Agenda Paper No.	Document Title
3.1	Staff paper: Scope of application of AASB 17/ PBE IFRS 17 to public sector entities
3.2	Staff paper: Joint AASB-NZASB project objectives and next steps
4.1	Agenda Consultation
5.1	Staff paper: Cover memo-Scope of the public consultation document
5.2	Staff paper: Possible differential reporting Tiers for not-for-profit private sector entities
5.3	Staff paper: Applicability of the different tiers to not-for-profit private sector entities
5.4	Staff paper: Scope of NFP FRF project – Service Performance Reporting
6.1	Slide deck: BCUCC DP Education Session
7.1	Staff paper: Analysis of submission on ED 306 and staff recommendations
8.1	Research Update
10.1	Staff paper: AASB SMCs to accompany IPSASB EDs relating to Measurement
10.2	Draft AASB ITC document to be issued together with IPSASB EDs
10.3	Staff paper: High-level summary of survey results
11.1.0	Staff paper: Auditor Remuneration Disclosures
12.0	Cover memo: Documents open for comment
12.1.1	Staff paper: ED 305 Lease liability in a Sale and Leaseback
13.0	Cover memo: other business - public
13.4	IPSASB report, December 2020