Comments sought on exposure drafts

At BDO, we provide comments to the Australian Accounting Standards Board (AASB) locally and internationally to the International Accounting Standards Board (IASB). We welcome any client comments on the exposure drafts 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.

Document

Proposals

Comments due to AASB by

Comments due to IASB by

ED 339 Risk Mitigation Accounting (Proposed amendments to AASB 9 and AASB 7)

Proposes a new risk mitigation accounting model designed to better represent in the financial statements how entities manage the repricing risk arising from their underlying portfolios of financial instruments. This will result in amendments to AASB 9 Financial Instruments and AASB 7 Financial Instruments: Disclosures and the withdrawal of AASB 139 Financial Instruments: Recognition and Measurement and its optional hedge accounting requirements.

The model aims to provide greater transparency into how interest rate risk management affects financial performance and future cash flows in a dynamic environment. These activities have previously been referred to as macro hedging and dynamic risk management.

15 May 2026

31 July 2026

ED 341 Updating AASB 1060 to Align the Classification and Presentation Requirements with AASB 18

Proposes to:

  • Main consistency between Tier 1 and Tier 2 presentation requirements in the primary financial statements by aligning AASB 1060 with the presentation requirements contained in AASB 18 Presentation and Disclosure in Financial Statements
  • Retain AASB 1060 as a ‘one-stop shop’ for entities preparing Tier 2 general purpose financial statements
  • Replace the AASB 101 Presentation of Financial Statements presentation requirements contained in AASB 1060 with the presentation requirements in AASB 18
  • Incorporate the AASB 18 Appendix B guidance into a new Appendix B in AASB 1060.

Refer to our article for more information.

24 August 2026

N/A