Comments sought on exposure drafts

At BDO, we provide comments locally to the Australian Accounting Standards Board (AASB) and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on exposure drafts that are currently available for comment. If you would like to provide any comments please contact Aletta Boshoff at [email protected].



Comments due to AASB by

Comments due to IASB by

ED 305 Lease Liability in a Sale and Leaseback

When the transfer of an asset by the seller-lessee satisfies the requirements for a sale of an asset under IFRS 15, the ED proposes additional guidance for:

  • Initially recognising the right-of-use asset and lease liability, and
  • Subsequently measuring the right-of-use asset and lease liability.

21 February 2021

29 March 2021

ED 307 Regulatory Assets and Regulatory Liabilities

Proposes requirements for recognition and measurement of regulatory assets and regulatory liabilities, including the recognition of regulatory income and expense in profit or loss.
If finalised, this will replace IFRS 14 Regulatory Deferral Accounts which permits a variety of accounting approaches.

10 May 2021

30 June 2021

ITC 42 Business Combinations under Common Control

Proposes to reduce diversity in practice when accounting for business combinations under common control by the receiving company.

17 July 2021

1 September 2021

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