This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

AcSB Response – COVID-19-Related Rent Concessions beyond June 30, 2021 (Proposed Amendment to IFRS 16)

  • IFRS - AcSB Image

Mar 02, 2021

On March 2, 2021, the Accounting Standards Board (AcSB) released the comment letter it submitted responding to the IASB’s Exposure Draft issued in February 2021.

The letter agrees with the proposal to extend the relief related to COVID-19 related rent concessions and suggests factors to consider when selecting the extension timeframe. The letter also suggests that the transition provisions provide more flexibility.

Review the full letter.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.