Home Parliamentary Business Committees Joint Committees Parliamentary Joint Committee on Corporations and Financial Services Completed inquiries and reports Completed Inquiries 2004-07 Report on Australian Accounting Standards tabled in compliance with the Corporations Act 2001 on 30 August and 16 November 2004.

Report on Australian Accounting Standards tabled in compliance with the Corporations Act 2001 on 30 August and 16 November 2004.

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Report on Australian Accounting Standards tabled in compliance with the Corporations Act 2001 on 30 August and 16 November 2004.

February 2005

View the report as a single document - (PDF 155KB)

View the report as separate downloadable parts:


Members of the Committee	(PDF 62KB)
Duties of the Committee Terms of Reference

Chapter 1 - Introduction	(PDF 15KB)
Background Adoption of reference Submissions Hearings and evidence

Chapter 2 - Background to the Proposed Standards	(PDF 38KB)
Key Institutions Financial Reporting Council Australian Accounting Standards Board International Accounting Standards Board The process of harmonisation International consultation process Australian consultation process

Chapter 3 - Issues	(PDF 67KB)
Transition to the new standards Reporting of comparative information Interpretation of the standards Consistency between the AASB and IASB standards Are the proposed standards genuinely principles-based? Documentation associated with the standards Issues relating to the content of the standards Co-operatives Intangible assets Conclusions

Labor Member's Supplementary Report	(PDF 29KB)
Introduction Labor's Position Interpretation of the standards Requirements under s300A of the Corporations Act and AAS 1046 and 1046A Issues relating to the content of the standards, in terms of the impact of the new Australian Accounting Standards (AAS) on co-operative business structures

Appendix 1 - Submissions	(PDF 12KB)

Appendix 2 - Public Hearings and Witnesses	(PDF 13KB)
Monday, 7 February 2005 – Canberra

Appendix 3 - Australian Accounting Standards considered by the Committee in this Inquiry	(PDF 13KB)

For further information, contact:

Committee Secretary
Parliamentary Joint Committee on Corporations and Financial Services
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone: +61 2 6277 3583

Fax: +61 2 6277 5719

Email: corporations.joint@aph.gov.au

Phone:	+61 2 6277 3583
Fax:	+61 2 6277 5719
Email:	corporations.joint@aph.gov.au