Give your feedback on the NFP post-implementation review of accounting standards
This is part of its post-implementation review of certain requirements of Australian Accounting Standards that apply to not-for-profit (NFP) entities.
The ITCs include:
- ITC 49 Post-implementation Review of AASB 1059 Service Concession Arrangements: Grantors
- ITC 50 Post-implementation Review – Income of Not-for-Profit Entities
- ITC 51 Post-implementation Review of Not-for-Profit Topics – Control, Structured Entities, Related Party Disclosures and Basis of Preparation of Special Purpose Financial Statements.
To accompany the ITC 50 and 51, AASB staff have prepared a snapshot that provides an overview of the topics on which the AASB are seeking feedback.
ITC 49 is open for comment until Tuesday 28 February 2023. ITC 50 and ITC 51 are open for comment until Friday 31 March 2023.
Register for the local government entities online roundtable session
AASB Staff will be holding a NFP local government entities roundtable session on Tuesday 7 February 2023.
This is to give stakeholders the opportunity to provide feedback to AASB Staff on the topics included in each ITC.
The agenda for the session is now available. Please register your place now.
Other ways to provide feedback
If you are unable to attend a roundtable session, feedback can also be provided in the following ways:
- online surveys are available for ITC 50 and ITC 51
- email via standard@aasb.gov.au
- formal written submission by lodging online via the AASB Open for comment webpage.
You can also attend an in-person outreach session in Melbourne (14 February 2023) or Sydney (22 February 2023).