Australian Government
Australian Accounting Standards Board
Tuesday, March 10, 2026
Please complete the survey by 24 April, and join the virtual roundtable on 16 April, to share your perspectives on how income recognised under AASB 1058 should be categorised when applying AASB 18.
During outreach activities in February 2026 on ED 338 Application of AASB 18 and AASB 107 by Superannuation and Not-for-Profit Entities and Operating Cash Flow Reconciliation, stakeholders in the private NFP and university sectors asked for clarification on how AASB 1058 Income of Not-for-Profit Entities interacts with AASB 18 Presentation and Disclosure in Financial Statements. This clarification is important to help stakeholders provide meaningful feedback on whether additional NFP-specific guidance or modifications to AASB 18 may be needed. NFP entities preparing Tier 2 GPFS also expressed interest in this topic.
To gain stakeholder feedback, AASB staff invite stakeholders to:
1. Read the staff paper
2. Complete a survey by 5pm AEST Friday, 24 April 2026, to provide views on:
Click here to complete the survey.
3. Participate in a virtual roundtable on Thursday, 16 April 2026, from 1:00pm to 3:00pm AEST.
The roundtable will provide an open forum for sharing perspectives and exploring the issues in more depth with AASB staff and other stakeholders.
Click here to register for the roundtable.
AASB staff encourage all participants to read the staff paper, complete the survey, and, if possible, attend the roundtable to contribute further insights.
Who should participate?
Preparers, users, auditors and regulators of GPFS of NFP private sector entities and universities, including those involved with Tier 2 GPFS.