Project Summaries

Australian Financial Reporting Framework

Title	Last Updated
Post-implementation Review of Tier 2 and the Removal of Special Purpose Financial Statements for Certain For-Profit Private Sector Entities and Further Update of Tier 2	27 Oct 2025
Conceptual Framework: Not-for-Profit Amendments	30 Jul 2025
Superannuation Entities	18 Jul 2025
Not-for-Profit Financial Reporting Framework	10 Sept 2025
For-Profit Phase 2: Adopt RCF and Remove SPFS for Certain For-Profit Private Sector Entities	19 Dec 2022
Tier 2 GPFS Framework Revision	12 Apr 2022
Public Sector Financial Reporting Framework	07 Oct 2020

Sustainability Reporting Projects

Title	Last Updated
Climate-related Financial Disclosure	22 Oct 2025
AASB S2: Implementation support	22 Oct 2025
AASB S2: Industry-based information	22 Oct 2025
Amendments to AASB S2	22 Oct 2025

Other Domestic Projects

Title	Last Updated
Public Sector Long-term Discount and Inflation Rates	17 Mar 2023
Income of Not-for-Profit Entities	20 Mar 2024
Reporting Service Performance Information	22 Jul 2025
Post-implementation Review of AASB 1059 Service Concession Arrangements: Grantors	27 Oct 2025
Tax Transparency Code	13 Feb 2019

IASB Projects (AASB Discussions)

Title	Last Updated
Business Combinations under Common Control	02 Sep 2021
Financial Instruments with Characteristics of Equity	07 Feb 2019
Accounting Policy Changes	01 May 2019
Rate Regulated Activities	13 Feb 2019
Goodwill and Impairment	15 Dec 2020
Primary Financial Statements	05 Oct 2020

The AASB is also closely monitoring and contributing to the IASB’s projects. To access the latest information, please refer to project summaries on the IASB’s website.

For project summaries of completed projects, see the Project Summaries Archive page.