We have commented on the IFRS In­ter­pre­ta­tions Committee's pub­li­ca­tion in the November 2017 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clar­i­fi­ca­tion on the ap­pli­ca­tion of the revenue recog­ni­tion re­quire­ments of IFRS 15 to a contract for the sale of a unit in a residential complex which the customer can cancel during construction and is then liable to pay any shortfall between the original sales price and a price achieved on resale of the unit to a new customer.

We agree with the IFRS In­ter­pre­ta­tions Committee's decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision; however, we recommend the analysis in the tentative agenda decision be expanded to specify that the entity is not acting as agent for its customer in any future resale of the unit to a third party.  

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