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The consultation relates to:

1. ITC 49 Post-implementation Review of AASB 1059 Service Concession Arrangements: Grantors
2. ITC 50 Post-implementation Review – Income of Not-for-Profit Entities
3. ITC 51 Post-implementation Review of Not-for-Profit Topics – Control, Structured Entities, Related Party Disclosures and Basis of Preparation of Special Purpose Financial Statements.

The AASB hopes to canvass local government perspectives on the application of the various standards.

AASB staff are holding a virtual roundtable to discuss these ITCs with local government stakeholders on Tuesday 7 February 2023, 12:30pm to 4:30pm (AEDT). View the agenda and register for the virtual roundtable

Local government entities may find this snapshot document useful. It provides an overview of the topics on which the AASB are seeking feedback in ITC 50 and ITC 51. 

Stakeholders who do not wish to submit formal submissions to the AASB are encouraged to complete two online surveys to provide feedback on the topics discussed in ITC 50 and ITC 51. The surveys can be accessed via the below hyperlinks:

• survey for ITC 50, regarding Income of Not-for-Profit Entities
• survey for ITC 51, regarding Control, Structured Entities, Related Party Disclosures and Basis of Preparation of Special Purpose Financial Statements.