The Australian Accounting Standards Board has published Action Alert 249 following its 222nd Board meeting, providing details on decisions regarding superannuation, not-for-profit entities, and concessionary leases.
AASB 222nd Board Meeting Overview
The Australian Accounting Standards Board met in public and private sessions on 27 August 2026 for its 222nd Board meeting. Following the proceedings, the Board released Action Alert 249 on 28 August 2026 to communicate its key determinations.
Key Financial Reporting Decisions
The decisions published in Action Alert 249 focus on three primary accounting framework areas. These include presentation and disclosure requirements for the financial statements of superannuation and not-for-profit entities.
Additionally, the Board addressed income and expense categorisation for not-for-profit entities, alongside accounting treatment decisions regarding concessionary leases recognised by public sector lessees in the not-for-profit sector.
