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 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

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 - March 2020 (Compilation)

Download PDF - 1207kB

Applies to reporting periods beginning on or after 01 Jul 2021

Comment letters to AASB

APV Valuers & Asset Management - 21 May 2021 - Download PDF - 354kB

Australian Bureau of Statistics - 04 Aug 2021 - Download PDF - 209kB

Australian Property Institute - 03 Aug 2021 - Download PDF - 387kB

HoTARAC - 03 Aug 2021 - Download PDF - 408kB

South Australian Local Government Financial Management Group - 03 Aug 2021 - Download PDF - 751kB

Exposure Draft - ED 313 Initial Application of AASB 17 and AASB 9 – Comparative Information - August 2021 - Open for comment

Download PDF - 396kB

Open for comment to AASB until 20 August 2021 and to IASB until 27 September 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 17 Insurance Contracts - July 2020 (Compilation)

Download PDF - 1769kB

Applies to reporting periods beginning on or after 01 Jan 2023

Exposure Draft - ED 312 Disclosure of Accounting Policies – Proposed Amendments to Tier 2 and Other Australian Accounting Standards - August 2021 - Open for comment

Download PDF - 379kB

Open for comment to AASB until 04 October 2021

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 1049 Whole of Government and General Government Sector Financial Reporting - December 2019 (Compilation)

Download PDF - 1381kB

Applies to reporting periods beginning on or after 01 Jan 2020

Related pronouncement

AASB 1054 Australian Additional Disclosures - November 2019 (Compilation)

Download PDF - 1530kB

Applies to reporting periods beginning on or after 01 Jan 2020 that end on or after 30 Jun 2020

Related pronouncement

AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities - March 2020 (Principal)

Download PDF - 1934kB

Applies to reporting periods beginning on or after 01 Jul 2021

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

Download PDF - 600kB

Open for comment to AASB until 15 October 2021 and to IASB until 12 January 2022

Submit comments to AASB

Direct link

Documents related to this Exposure Draft:

Related pronouncement

AASB 13 Fair Value Measurement - March 2020 (Compilation)

Download PDF - 1207kB

Applies to reporting periods beginning on or after 01 Jul 2021

Related pronouncement

AASB 119 Employee Benefits - March 2020 (Compilation)

Download PDF - 1197kB

Applies to reporting periods beginning on or after 01 Jul 2021

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