Australian Accounting Standards Board

https://lawatlas.ai/ontology/fibo-au/AURegulatoryAgencies/AustralianAccountingStandardsBoard

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rdf:type: owl:NamedIndividual
rdf:type: fibo-be-ge-ge:GovernmentAgency
rdfs:isDefinedBy: https://lawatlas.ai/ontology/fibo-au/AURegulatoryAgencies/
rdfs:label: Australian Accounting Standards Board
skos:definition: accounting and sustainability standard setter of Australia
skos:editorialNote: Enabling law checked on 2026-10-28 against the text Advisor holds of the Australian Securities and Investments Commission Act 2001 (C2004A00819), compilation C2026C00429: section 226, "The Office of the Australian Accounting Standards Board" (Akoma Ntoso eId sec_226).
skos:editorialNote: Enabling law checked on 2026-10-28 against the text Advisor holds of the Australian Securities and Investments Commission Act 2001 (C2004A00819), compilation C2026C00429: subsection 227(1), the functions of the AASB (Akoma Ntoso eId sec_227__subsec_1).
skos:editorialNote: Headquarters address not stated; not yet verified against a primary source.
skos:editorialNote: No legal entity identifier was found on the GLEIF register (searched by legal name and full text, 28 Oct 2026).
skos:editorialNote: Schedule 1, Part 1 to the Treasury Laws Amendment (Financial Reporting System Reform) Act 2026 (C2026A00061) commences on 1 December 2026 (section 2, item 2 of its commencement table). On that day standard-setting boards are to be established under External Reporting Australia (section 350 of the Australian Securities and Investments Commission Act 2001). This entry describes the law as in force on 28 October 2026 and is to be revised for that change.
fibo-fnd-rel-rel:hasLegalName: Australian Accounting Standards Board
cmns-av:adaptedFrom: https://www.aasb.gov.au
cmns-av:adaptedFrom: https://www.legislation.gov.au/Details/C2026C00429
cmns-av:explanatoryNote: Subsection 227(1) of the Australian Securities and Investments Commission Act 2001: "The functions of the AASB are: (a) to develop conceptual frameworks, not having the force of standards, for the purpose of evaluating: (i) proposed accounting standards and international accounting standards; and (ii) proposed sustainability standards and international sustainability standards; and (b) to make accounting standards under section 334 of the Corporations Act for the purposes of the corporations legislation (other than the excluded provisions); and (ba) to make sustainability standards under section 336A of the Corporations Act ..."
cmns-col:isPartOf: GovernmentOfAustralia
cmns-org:hasWebsite: https://www.aasb.gov.au
cmns-rga:hasJurisdiction: AustralianJurisdiction

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