In this edition, we look at recent Australian developments that could impact preparation of your 30 June 2020 financial statements. In particular, we focus on remuneration underpayments to all staff, including casuals.
We also discuss the hot topic of coronavirus (especially the latest stage 4 lockdown in Melbourne), and review some of the new disclosures required by lessees for the first time under IFRS 16, including peppercorn leases of not-for-profit entities.
Lastly, in international developments, we draw your attention to the deferral by one year of the recent amendments to the classification requirements of liabilities as current or non-current, and showcase our latest eLearning materials on agenda decisions made by the IFRS Interpretations Committee at its June 2020 meeting.