Accounting Submissions
2009
ASF member, Deloitte, provides IAS update on IFRS 9 (financial instruments)
23 December 2009
On 12 November 2009, the IASB issued IFRS 9 Financial Instruments. It introduces new requirements for the classification and measurement of financial liabilities, derecognition of financial instruments, impairment and hedge accounting are expected to be added to IFRS 9 in 2010. Click here to read Deloitte’s note on the changes and the timetable.
IASB documents
• In November 2009, the IASB published an exposure draft Financial Instruments: Amortised Cost and Impairment. This exposure draft forms part of phase 2 of the project.
Click here to read the exposure draft and related documents. The comment period will close on 30 June 2010.
• In July 2009 the IASB published an exposure draft Financial Instruments: Classification and Measurement. This exposure draft forms part of phase 1 of this project.
Click here to read the exposure draft and related documents. The comment period closed on 14 September 2009.
• In June 2009 the IASB published a Request for Information on the feasibility of an expected loss model for the impairment of financial assets. The comment period closed on 1 September 2009.
• The IASB published an invitation to comment on credit risk in liability measurement in June 2009. The comment period closed on 1 September 2009.
• The IASB published for comment an exposure draft on Derecognition in March 2009. The comment period closed on 31 July 2009.
• In March 2008 the IASB and the FASB published for comment a discussion paper Reducing Complexity in Reporting Financial Instruments. The comment period ended on 19 September 2008. Click here to read the discussion paper [PDF 792 KB].
ASF Submission on the Treasury Paper "Consultation Paper on the Review of the Financial Supply Provisions".
IASB proposes improvements to financial instruments accounting - exposure draft.
ATO's final position with respect to past (and future) GST liabilities arising in relation to Tier 2 (Non-Bank) securitisation arrangements.
ASF submission to ATO (prepared by the ASF Accounting Committee - 26 June 2009)
ASF submission to ATO (prepared by the ASF Accounting Committee - 23 June 2009)
ASF Submission to Treasury (prepared by the ASF Accounting Committee - 19 June 2009)
ASF Submission to Treasury - Board of Taxation (prepared by the ASF Accounting Commitee - 19 June 2009)
Fair Value Accounting (paper prepared by the ASF Accounting Committee - March 2009)
2004
IFRIC Potential Agenda Item Request - IAS 39
Asset Backed Securities (paper prepared for Securities and Exchange Commission (SEC) -Washington DC on 12 July 2004)
2003
Residential Mortgage-Backed Securitisation (paper prepared for UIG meeting on 30 October 2003)
Application of Abstract 28 to SPEs involved in the securitisation of financial assets (presentation by ASF Accounting Committee to UIG on 30 October 2003)
2002
Exposure Draft of proposed amendments to IAS32 and IAS39
2001
Submission to AASB on JWG Draft Standard "Accounting for Financial Instruments and Similar Items"
2000
Submission to the Urgent Issues Group re: UIG 28
