Rate-regulated activities

Date recorded:

Project update (Agenda Paper 9)

In this session, the staff gave the Board an oral update on the discussion at the October 2018 meeting of the Board’s Accounting Standards Advisory Forum (ASAF) about possible disclosure objectives and requirements for the accounting model the staff are developing for ‘defined rate regulation’ (the model).

In addition, the staff updated the Board on its plan for discussing with the Board further aspects of the model.

The Board was not asked to make any decisions in this session.


One Board member said that it is helpful that the staff include some of the processes that are currently developed as part of the Disclosure Initiative when thinking about disclosures for this project. The Board member emphasised that it is okay to implement the general process early but not the approach to objective-based disclosures as that has not been exposed yet.


No decision was made.

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