Australian Government
Australian Accounting Standards Board
AASB Agendas, Action Alerts, Minutes and Public Papers for 2016 - 2017 AASB Board Meetings.
| Board Meeting Dates 2017 |
Meeting No |
Agenda | Action Alert | Minutes |
| Mar 27 | 156 | Available | Available | Available |
| May 1-2 | 157 | Available | Available | Available |
| Jun 27 | 158 | Available | Available | Available |
| Aug 15 | 159 | Available | Available | Available |
| Oct 10 | 160 | Available | Available | Available |
| Dec 12 | 161 | Available | Available | Available |
| Board Meeting Dates 2016 |
Meeting No. |
Agendas |
Action Alerts | Minutes |
| Feb 23-24 | 150 | Available | Available |
Available |
| Apr 20 | 151 | Available | Available | Available |
| Jun 21-22 | 152 | Available |
Available | Available |
| Aug 30-31 | 153 | Available | Available | Available |
| Nov 14 | 154 | Available | Available | |
| Dec 13-14 | 155 | Available | Available | Available |
| Agenda Paper No. | Document Title |
| 3.1 | Staff Paper – Materiality Practice Statement |
| 4.0.0 | Cover Memo – Amendments to Standards – AASB 9, 10, 128, 1048 and corrections |
| 4.1.0 | Staff Paper – Deferral of amendments to AASB 10 and AASB 128 and editorial corrections |
| 4.1.1 | Ballot Draft of Amending Standard AASB 2017-X |
| 4.2.0 | Staff Paper – Prepayment features with negative compensation (AASB 9) |
| 4.2.1 | Ballot Draft of Amending Standard AASB 2017-Y |
| 4.2.2 | RDR analysis for new disclosure requirements |
| 4.3.0 | Staff Paper – Long-term interests in associates and joint ventures (AASB 128) |
| 4.3.1 | Ballot Draft of Amending Standard AASB 2017-Z |
| 4.4.0 | Staff Paper – Update of AASB 1048 references to Interpretations |
| 4.4.1 | Ballot Draft of New Principal Version of AASB 1048 |
| 4.4.2 | Ballot Draft of AASB 1048 – marked up from current AASB 1048 |
| 6.0 | Cover memo – Revenue from licences in the NFP public sector |
| 6.1 | Ballot Draft of ED 28X Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Public Sector Licensors |
| 7.1 | Staff Paper – Fair Value Measurement in the Public Sector |
| 8.0 | Cover Memo – Financial Reporting Framework |
| 8.1 | Staff Collation of Feedback from Outreach Sessions – Improving the financial reporting framework for Australian charities |
| 8.2 | Project plan for the Financial Reporting Framework for public sector entities |
| 8.3 | Staff Paper – Research Project Facilitation |
| 9.1 | Cover Memo – RDR for AASB 16, AASB 1058 and AASB 1059 |
| 9.2 | Current Tier 2 Disclosure Principles |
| 9.3 | RDR analysis for AASB 16 Leases |
| 9.4 | RDR analysis for AASB 1058 Income of Not-for-Profit Entities |
| 9.5 | RDR analysis for AASB 1059 Service Concession Arrangements: Grantors |
| 9.6 | Ballot Draft of ED28Y |
| 10.1 | Staff Paper – Implications of the forthcoming IASB Conceptual Framework |
| 11.1 | AASB Work Program |
| A.4 | Comment letter for Charities Discussion Paper |
| Agenda Paper No. | Document Title |
| 3.0 | Cover Memo Licences |
| 3.1 | AASB Exposure Draft ED 28X [PARTIAL DRAFT] |
| 3.2 | Options for amendments to AASB 15 for public sector entity licences |
| 4.1 | Deferral of effective date of amendments to AASB 10 and AASB 128 |
| 7.0 | Cover Memo Australian Financial Reporting Framework |
| 7.1 | AASB Research Report No X Financial Reporting Requirements for Charities – an Intranational and International Comparison [WORKING DRAFT] |
| 8.0 | Cover Memo Insurance Contracts |
| 8.1 | AASB Discussion Paper Australian specific insurance issues – regulatory disclosures and public sector insurers [DRAFT] |
| 8.2 | Analysis of Arrangements Against insurance-like Criteria: AASB 17 for Public Sector Entities [DRAFT] |
| 8.3 | Staff collation and analysis of regulatory disclosures being considered for retention |
| 8.4 | Meeting minutes of September 2017 Insurance Project Advisory Panel meeting |
| Agenda Paper No. | Document Title |
| 4.0 | Cover Memo Australian Financial Reporting Framework |
| 4.1 | WORKING DRAFT AASB Research Report No. X Financial Reporting Requirements for Not-for-Profit Private Sector Entities – An Intranational and International Comparison |
| 5.1 | What are licences |
| 5.2 | Which AASBs apply to revenue from licences |
| 6 | Presentation: Update on EFRAG’s activities |
| 7.1 | Collation of Comments on ED 277 |
| 7.2 | Collation of reponses listed by Specific Matter for Comment |
| Agenda Paper No. | Document Title |
| 3.1 | Staff Paper: Public sector scope and modifications |
| 3.2 | IPSASB Criteria for insurance contracts |
| 4.0 | Cover memo: Tax disputes - Proposed response to Minister’s request to consider disclosure of tax disputes |
| 4.1 | Letter requesting Board consideration be given to introducing an Australian specific disclosure |
| 6.0 | Staff Paper: Not-for-profit private sector benchmarking report |
| 7.1 | Australian Accounting Review 2017 SME Reporting in Australia: Where to Now for Decision-usefulness? |
| 7.2 | Presentation: SME Reporting in Australia |
| 8.1 | Public Sector NFP Licences – Refining Project Scope |
| 11.3 | IFRIC 23 Uncertainty over Income Tax Treatments |
| A.1 | Letter from AASB to IASB re IASB ED 2017-3 Prepayment Features with Negative Compensation dated 23 May 2017 |
| B.2 | Letter from Glen Innes Severn Council to AASB re Revenue Recognition – Advance Payment for Financial Assistance Grants 2017/18 dated 2 June 2017 |
| Agenda Paper No. | Document Title |
| 3.0 | Cover memo - AASB Work Plan 2017-2019 |
| 3.0.2 | Appendix B - Listing of possible projects |
| 3.0.3 | Appendix C - Summary of staff recommendations compared to those made as part of Agenda Paper 8.0 of the August 2016 meeting |
| 3.1 | Staff Paper: Project plan – AASB 13 for public sector entities |
| 3.2 | Staff Paper: Project plan – Public sector intangible assets |
| 3.3 | Staff Paper: Project plan – Contributions by owners |
| 3.4 | Staff Paper: Project plan – Senior executive remuneration reporting |
| 3.5 | Staff Paper: Project plan – Volunteer services |
| 3.6 | Staff Paper: Project plan – PIR of AASB 1049 |
| 3.7 | Staff Paper: Project plan – Discounting of defined benefit plan liabilities in the public sector |
| 3.8 | Staff Paper: Project plan – Definition of fundraising |
| 3.9 | Letter from the Business Council of Co-operatives and Mutuals dated 11 April 2017 |
| 5.1 | UTS Presentation Non GAAP Reporting |
| 6.1 | Staff Paper: Proposed outreach and other communication activities |
| 7.1 | Staff Paper: Australian Financial Reporting Framework |
| 8.1 | Staff Paper: Proposed outreach and other communication activities |
| 11.1 | Staff Paper: International Projects |
| 11.2 | IASB Update March 2017 |
| 11.3 | IFRIC Update March 2017 |
| 12.1 | Staff Paper: Research Strategy |
| 13.1 | Staff paper on timeline |
| A.1 | ED277 Sub 1 |
| Agenda Paper No. | Document Title |
| 3.0 | Cover Memo: Service Concession Arrangements - Grantors |
| 3.2 | Fatal-Flaw Review version of AASB 10XY |
| 3.3 | Staff Collation and Review of Comment Letters on Fatal-Flaw Review version of AASB 10XY |
| 3.4 | Comment letters received on Fatal-Flaw Review version of AASB 10XY |
| 4.1 | Staff Paper: Related Party Disclosures - Finalisation of Tentative Agenda Decision |
| 4.2 | Submissions received on the Tentative Agenda Decision |
| 5.1 | Staff Paper: Annual Improvements to Australian Accounting Standards 2015-2017 Cycle |
| 5.2 | AASB ED 276 Annual Improvements to Australian Accounting Standards 2015-2017 Cycle |
| 6.1 | Staff Paper: Symmetric prepayment options |
| 6.2 | March 2017 ASAF paper on symmetric prepayment options |
| 6.3 | Summary of February 2017 AASB FI panel meeting |
| Agenda Paper No. | Document Title |
| 3.0 | Cover Memo: Service Concession Arrangements - Grantors |
| 3.1 | Service concession arrangements - Redeliberation of issues raised by constituents |
| 4.0 | Addendum to 4.0 Cover Memo |
| 4.0 | Cover Memo: Reduced Disclosure Requirements |
| 4.1 | Draft ED 2XX Reduced Disclosure Requirements for Tier 2 Entities |
| 4.2 | Draft analysis of standards and interpretations to determine disclosure requirements for Tier 2 entities (for information only) |
| 8.0 | Cover Memo: Income Tax Disclosures |
| 8.1 | Staff Paper: Income Tax Disclosures - Proposed response to Board of Tax request for guidance and Project Plan |
| 8.2 | Staff Paper: Country-by-Country reporting: Update on AASB approach |
| 8.3 | Letter dated 11 August 2016 from the Board of Taxation |
| 8.4 | Copy of Board of Taxation A Tax Transparency Code (February 2016) |
| 9.1 | Staff Issues Paper: Materiality of related party transactions for public sector entities |
| 10.0 | Cover Memo: NFP Survey |
| 10.2 | Presentation NFP Survey |
| 12.1 | Staff Paper: Digital Currency - A case for standard setting activity |
| 13.0 | Cover Memo: Reporting Service Performance Information |
| 13.1 | Staff Paper - Reporting Service Performance Information - Comments on ED 270 |
| 13.2 | Comment letters received on ED 270 Reporting Service Performance Information |
| 14.1 | Staff Paper - International Pronouncements |
| Agenda Paper No. | Document Title |
| 1.0 | Cover Memo |
| 1.1 | Staff issues paper - Income of NFPs - Capital grants |
| 1.2 | Staff issues paper - Transition of recognised assets |
| 1.3 | AASB 10XX Income of Not-for-Profit Entities [clean copy] |
| 1.4 | AASB 10XX Income of Not-for-Profit Entities [marked up copy] |
| 1.5 | AASB 2016-X Amendments to Australian Accounting Standards - Australian Implementation Guidance for Non-for-profit Entities [clean copy] |
| 1.6 | AASB 2016-X Amendments to Australian Accounting Standards - Australian Implementation Guidance for Non-for-profit Entities [marked up copy] |
| 1.7 | AASB 2016-W Amendments to Australian Accounting Standards - Deferral of AASB 15 for Not-for-Profit Entities |
| 1.8 | Comment letters received on fatal-flaw draft |
| 1.10 | Benefits of AASB 10XX and estimation of regulatory burden |
| Agenda Paper No. | Document Title |
| Cover Memo: Not for Profit Entities | |
| 3.1 | Income of NFP Entities |
| 3.1.1 | Accounting Standard AASB 1004 Contributions |
| 3.2 | Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities – Revenue from Contracts with Customers |
| 3.3.1 | Staff Paper: Transition relief for operating leases |
| 3.3.2 | Staff Paper: Sweep issue: Measuring the lease liability and transition of a right-of-use asset/leased asset |
| 3.3.3 | Staff Paper: Leases: Lease-by-lease vs portfolio assessment |
| 3.4 | Staff Paper: Donated Inventories |
| 3.5 | Staff Paper: Redeliberations – treatment of volunteer services |
| 3.6.1 | Staff Paper: Disclosure of compliance with parliamentary appropriations and other related authorities for expenditure |
| 3.6.2 | Staff Paper: Potential AASB10XX Disclosures |
| 3.6.3 | Staff Paper: AASB 15 Disclosure Considerations |
| 3.7 | Staff Paper: Effective Date |
| 3.7.1 | Letter from Acting Chair of Heads of Treasuries Accounting and Reporting Advisory Committee dated 15 July 2016 |
| 3.9 | Staff Paper: Licences |
| 3.10 | Staff Paper: GAAP/GFS Differences |
| 3.11 | Staff Paper: Due Process |
| 4.1 | Memorandum: Insurance Contracts |
| 4.2 | Staff Paper: Measurement of assets backing insurance liabilities under the forthcoming IFRS 17 |
| 4.3 | Staff Paper: Analysis of key issues arising from forthcoming IFRS 17 in context of AASB’s Process for Modifying IFRS for NFP |
| 4.4 | Staff Paper: Issues relating to AASB Interpretation 1047 Professional Indemnity Claims Liabilities in Medical Defence Organisations |
| 4.5 | How we responded to feedback on the 2013 Exposure Draft |
| 4.6 | Insurance contracts |
| 4.7 | Staff Paper: Insurance |
| 5.1 | Memorandum: Research Update |
| 6.1 | Staff Paper: Definition of a Business and Accounting for Previously Held Interests, and Public Sector Financial Instruments |
| 6.2 | AASB Exposure Draft 275 |
| 6.3 | IPSASB Consultation Paper Public Sector Financial Instruments |
| 7.0 | Cover memo: Determining Threshold Factors for SME Reporting in Australia |
| 8.0 | Cover memo: AASB Agenda consultation 2017-2019 |
| 9 | Staff paper: Review of IFRS adoption |
| 14 | ATO Consultation Paper Provision of General Purpose Financial Statements by Significant Global Entities |
| A.1 | Invitation to comment 34 - AASB Agenda Consultation 2017-2019 |
| B.1 | Engagement and Impact Assessment Consultation Paper |
| B.2 | IPSASB ED 60 Public Sector Combinations |
| B.4.0 | Voluntary Tax Transparency Code |
| B.4.1 | A Tax Transparency Code |
| Agenda Paper No. | Document Title |
| 3.0 | Cover Memo: Not for Profit Entities |
| 3.1 | Objectives Income of NFP entities |
| 3.2 | Perpetual endowment Income of NFP entities |
| 3.3 | Capital grants Income of NFP entities |
| 3.3 | Addendum to 3.3 Capital Grants |
| 3.4 | Transition Income of NFP entities |
| 4 | Cover Memo – Service Concession Arrangements – Redeliberation of Asset and Liability Measurement |
| 4 | App A Part 2 Draft AASB 10XY SCA Marked-up |
| 4 | App A Part 2 AASB 10XY SCA Log of Changes |
| 4.1 | Staff Paper – Service Concession Arrangements – Liability Recognition Model |
| 4.2 | Staff Paper – Service Concession Arrangements – Scope |
| 4.3 | Staff Paper – Service Concession Arrangements – Public Service Definition |
| 5.1 | Draft submission on ED 60 |
| 5.2 | Feedback summary for PAP meeting |
| 5.3 | IPSASB ED 60 Public Sector Combinations |
| 5.4 | IPSASB ‘At a glance’ document – IPSASB ED 60 Public Sector Combinations |
| 6.1 | Staff paper: International Projects |
| 6.2 | IASB Update April 2016 |
| 6.3 | IASB Update May 2016 |
| 6.4 | IFRIC Update May 2016 |
| 7.0 | Cover memo – Australian Financial Reporting Framework |
| 7.2 | Updated project plan |
| 8.0 | Memo Research Update |
| 8.1 | Research Work Program |
| 10.1 | Cover Memo – Insurance Contracts |
| 10.2 | PowerPoint presentation: High-level summary of the likely differences between existing Australian and New Zealand GAAP (AASB 4/NZ IFRS 4,[1] AASB 1023 and AASB 1038) and the revised IFRS 4 |
| 10.3 | Staff paper: Table showing IASB ED/2013/7 Insurance Contracts proposals, the AASB’s comments on that ED and the IASB’s subsequent decisions |
| 10.4 | Staff paper: Implications for public sector insurers of a revised IFRS 4 |
| 10.5 | Staff paper: Steps to complete a revised AASB 4 Insurance Contracts |
| 11 | Cover memo – Reduced Disclosure Requirements |
| 11.1 | Policy document Reduced Disclosure Requirements (RDR) |
| 12.1 | AASB Agenda Consultation - Project Update |
| 14.1 | Staff Paper: Amendments to AASB 2 |
| 15.1 | Staff Paper: IFRS Foundation Review |
| B.1 | Letter from Baljit K Sidhu, University of NSW dated 6 June 2016 to Angus Thomson & Eric Lee, AASB re presentation |
| Agenda Paper No. | Document Title |
| 3 | Memorandum : Reduced Disclosure Requirements |
| 3.1 | Staff Paper : Progressing the AASB/NZASB joint RDR project |
| 3.2 | Draft ED Preface and Basis for Conclusions |
| 4.1 | Staff Paper : Service Concession Arrangements |
| 5.1 | Staff Paper : Redeliberations – control of bequests, determining a separately identifiable donation component in a contract, and contributions by owners |
| 8.1 | Staff Paper: Clarifications to AASB 15 |
| 9.1 | Staff paper: International Projects |
| 9.2 | IASB Update March 2016 |
| 9.3 | IFRIC Update March 2016 |
| 9.4 | IPSASB Meeting Highlights March 2016 |
| 12 | Memorandum : Research Update |
| 12.1 | AASB Research Centre Work Program (prepared April 2016) |
| 12.2 | Memorandum : EFRAG Research Paper |
| 12.3 | EFRAG Paper (April 2016) |
| 13.1 | Staff Paper : IVSC Exposure Drafts |
| A.0 | Memorandum : Submissions for noting |
| A.1 | ED 271 [subs 5-6] |
| A.2 | ED 272 [subs 3-5] |
| A.3 | ED 273 [sub 1] |
| A.4 | ITC 34 [subs 1-5] |
| A.5 | ED 267 [subs 1-5] |
| B.1 | Letter from AASB Chair to IASB Chair re IASB ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements dated 4 March 2016 |
| B.2 | Letter from AASB Chair to IASB Chair re IASB Exposure Draft ED/2015/9 Transfers of Investment Property dated 8 March 2016 |
| B.3 | Letter from The Hon Alex Hawke, Assistant Minister to Treasurer to The Hon Malcolm Turnbull, Prime Minister re AASB completed a post-implementation review (PIR) of AASB 2010-6 Amendments to Australian Accounting Standards – Disclosures on Transfers of Financial Assets |
| B.4 | Letter from AASB Chair to IASB Chair re IASB ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle dated 29 February 2016 |
| C.1 | FEE Paper on future accounting |
| Agenda Paper No. | Document Title |
| 3 | Memorandum re RDR Deliberations |
| 3.1 | Staff Paper: RDR Appendices |
| 3.2 | Staff Paper: RDR Supporting Analysis |
| 6.1 | Staff paper: Issuance of AASB 16 |
| 6.2 | Ballot draft AASB 16 |
| 7.1 | Staff Paper: Draft Comment letter to the IASB re Exposure Draft ED/2015/9 Transfers of Investment Property |
| 7.2 | Comment letter on ED 272 [sub1-2] |
| 8.1 | Staff Paper: Draft Comment letter to the IASB re Exposure Draft ED/2015/10 Annual Improvements to IFRSs 2014-2016 Cycle |
| 9 | Memorandum – Australian Financial Reporting Framework |
| 9.3 | Extracts from the Final Report of the Royal Commission into Trade Union Governance and Corruption |
| 10 | Staff Paper: Stakeholder input on ED269 RA of Non-cash generating assets of NFPs |
| 12 | Memorandum re Income of NFP Entities Redeliberations |
| 12.1 | Staff Paper: Enforceable Agreements |
| 12.2 | Staff Paper: Sufficiently Specific |
| 13.1 | Staff Paper: Service Concession Arrangements – Redeliberation of Proposed Asset and Liability Recognition and Measurement |
| 14.1 | Staff paper: International Projects |
| 14.2 | IASB Update December 2015 |
| 14.3 | IASB Update January 2016 |
| 14.4 | IASB Update Febrary 2016 |
| 14.5 | IFRIC Update January 2016 |
| 14.6 | Deloitte’s IFRS in Focus: Meeting of the IFRS Transition Resource Group for Impairment of Financial Instruments |
| 14.7 | IPSASB Meeting Highlights December 2015 |
| 14.8 | Staff Paper: International Projects |
| 15.1 | Staff Paper: Disclosure Initiative – (Amendments to IAS 7) |
| 16.1 | Staff Paper: Recognition of Deferred Tax Assets for Unrealised Losses |
| 16.2 | Draft AASB 2016-X |
| 17 | Memorandum - Draft AASB Submission on IASB Exposure Draft ED/2015/8 |
| 17.1 | Draft AASB Submission on IASB ED/2015/8 IFRS Practice Statement: Application of Materiality to Financial Statements |
| 17.2 | Comment letters on ED271 |
| 17.3 | Staff Paper: Feedback from other outreach activity on ED 271 |
| 18.1 | Staff Paper: Literature Review of IFRS Adoption in Australia |
| 19 | Memorandum – Research Update |
| 19.1 | Revised research work program |
| 19.2 | Template letter dated 3 February 2016 to heads of University accounting and finance departments |
| A.1 | ED 264 [subs 10-12] |
| A.2 | ED 265 [sub 2] |
| A.3 | ED 270 [subs1-2] |
| A.4 | IFRIC D1 2015-1 [subs1-2] / [sub 3] |
| A.4 | IFRIC D1 2015-2 [subs1-2] / [sub 3] |
| A.5 | ITC 33 [subs 2-3] / [sub4] |
| A.6 | ED 274 [subs 1-2] |
| B.2 | AASB comment letter to IASB re ED2015-3 dated 4 December 2015 |
| B.3 | AASB comment letter to IFRS Interpretation Committee re D1/2015/2 dated 14 January 2016 |
| B.4 | AASB comment letter to IPSASB re IPSASB ED 56 The Applicability of IPSASs dated 21 November 2015 |
| B.5 | AASB letter to APV Valuers and Asset Management re Clarification of Issues Flowing from May 2015 ‘Residual Value’ Decision dated 4 December 2015 |
| B.6 | AASB comment letter to IASB re ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts dated 8 February 2016 |
| B.8 | IFRS Alert dated 12 February 2016 re Hans Hoogervorst reappointed as IASB Chairman; Ian Mackintosh to retire as Vice-Chairman at end of first term |
| B.9 | Letter from IPA Accounts to IASB Chair RE: Exposure Draft 2015/8 Application of Materiality to Financial Statements dated 18 February 2016 |
| C.1 | The Accountant article, comments from Alex Malley, CPA RE: Financial reporting |