Heads up — Australian Exposure Draft on the proposed consolidation exemption for Australian investment entities

Published on: 12 Feb 2013

The Australian Accounting Standards Board (AASB) has considered the application of the IASB's investment entities exemption in the Australian environment and is currently seeking comment on Exposure Draft ED233 Australian Additional Disclosures – Investment Entities (ED 233) issued in December 2012 .

The exposure draft proposes additional disclosure requirements to the international equivalent standard, including the requirement to present consolidated financial information as supplementary disclosure. Debate at the AASB was vigorous and there are various alternative views held by Board members, currently reflected in the inclusion of two alternative views in the exposure draft.  The alternate views are discussed further in the alert, which can be downloaded below.


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