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.

If you would like to provide any comments, please contact Aletta Boshoff, Partner and National Leader, IFRS & Corporate Reporting and National Leader, ESG & Sustainability.

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Proposals

Comments due to AASB by

Comments due to IASB by

ITC 55 Post-implementation Review of AASB 16

There are two parts to ITC 55:

  1. The AASB is seeking comment from not-for-profit (NFP) and public sector stakeholders on sector-specific application issues relating to AASB 16
  2. The IASB is seeking feedback as part of its post-implementation review (PIR) of IFRS 16 Leases to establish whether the standard is working as intended.

AASB

The AASB is seeking comment on AASB 16 application challenges for NFPs and public sector entities – specifically cost vs benefits, determining the lease term, lease modifications, determining the incremental borrowing rate, NFP public sector concessionary leases, sale and leaseback arrangements and other matters.

IASB

The IASB is seeking feedback on:

  • The usefulness of information resulting from a lessee exercising judgement (for example, the lease term, discount rate, and which variable payments to include in the lease liability)
  • The usefulness of information about a lessee’s lease-related cash flows (for example, because principal repayments, interest repayments and variable lease payments are shown in different categories in the cash flow statement)
  • Whether the ongoing costs of accounting for leases are higher than expected
  • Whether the IASB needs to adopt a different approach for future transition requirements
  • Applying IFRS 16 with IFRS 9 to rent concessions
  • Applying IFRS 16 with IFRS 15 when assessing whether a transfer of an asset in a sale and leaseback arrangement is a sale
  • Applying IFRS 16 with IFRS 15 to the gain or loss recognition in a sale and leaseback transaction.

5 September 2025

15 October 2025