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.

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.


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.