Project Summaries

Australian Financial Reporting Framework

Title Last Updated
Not-for-Profit Financial Reporting Framework 07 Nov 2022
For-Profit Phase 2: Adopt RCF and Remove SPFS for Certain For-Profit Private Sector Entities 12 Apr 2022
Public Sector Financial Reporting Framework 07 Oct 2020
Tier 2 GPFS Framework Revision 12 Apr 2022


Other Domestic Projects

Title Last Updated
Sustainability Reporting 18 Oct 2022
Income of Not-for-Profit Entities 22 Apr 2022
Insurance Activities in the Public Sector 17 Aug 2022
Fair Value Measurement for Not-for-Profit Entities 13 Oct 2022
COVID-19 03 Jul 2020
Reporting Service Performance Information 01 May 2019
Service Concession Arrangements: Grantors 20 Feb 2019
Tax Transparency Code 13 Feb 2019


IASB Projects (AASB Discussions)

Title Last Updated
Extractive Activities 17 Feb 2022
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.

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