Comments sought on exposure drafts

Document

Proposals

Comments due to AASB by

Comments due to IASB by

ED 325 International Tax Reform – Pillar Two Model Rules: Tier 2 Disclosures

Proposes to exempt entities subject to the Pillar Two Model Rules from applying the additional Tier 1 disclosures introduced by AASB 2023-2 Amendments to Australian Accounting Standards – International Tax Reform – Pillar Two Model Rules.

It also proposes to add targeted disclosures to AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities for Tier 2 entities affected by Pillar Two legislation.

22 August 2023

N/A

ITC 52 Request for Comment on IASB Request for Information on Post-implementation Review of IFRS 9 Financial Instruments - Impairment

The International Accounting Standards Board is requesting information from stakeholders on applying the forward-looking expected credit loss model contained in IFRS 9, which results in earlier recognition of impairment losses of financial assets than its predecessor.

18 August 2023

27 September 2023

ITC 53 Request for Comment on IASB Request for Information on Post-implementation Review of IFRS 15 Revenue from Contracts with Customers

The International Accounting Standards Board is requesting information from stakeholders on applying the five-step revenue recognition model contained in IFRS 15, including principal versus agent considerations, licensing, and disclosure requirements.

8 September 2023

27 October 2023