Submissions
The IPA regularly contributes submissions to Government and
regulatory authorities on subjects that will impact, or have the
potential to impact, IPA members and the profession as a whole.
Submissions are made either jointly by the three professional
bodies or each body independently.
These submissions rely on feedback provided by a wide range of
members to ensure they accurately reflect the opinions of the
profession. Members are encouraged to give feedback so that it may
be incorporated into the IPA's full, formal submission. To provide
feedback, please contact the Executive General Manager
Representation & Innovation, Vicki Stylianou, via email or
phone on (03) 8665 3100.
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Tag :
Lobb
Wednesday, 2 February 2011
While the JAB understand the AASB's objective in issuing EDs 198 and 202R is to ensure that standards issued by the AASB contain Tier Two requirements we have serious reservations about the issuing of these EDs as it exposes the domestic standard setter to a series of risks and inefficiencies.
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Monday, 24 January 2011
We note that this ED implements some of the recommendations made by the Productivity Commission and that the recommendations relating to the remuneration report in s300A have been referred to CAMAC for consideration. We recommend that all changes to legislation relating to the reporting of remuneration are deferred to be released for consultation with changes arising from CAMAC's recommendations.
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Monday, 10 January 2011
The JAB support the AASB's proposal to reduce the need for intermediary parents to produce consolidated accounts, apply the equity method and apply proportionate consolidation when this is done in the parent higher up in the group.
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Wednesday, 22 December 2010
The JAB consider that the single date approach to be the best option to give December year ends enough time to get systems in place for getting comparative year data. We also consider that early adoption should be permitted, but with certain exceptions for related standards.
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Wednesday, 22 December 2010
The JAB consider that the single date approach to be the best option to give December year ends enough time to get systems in place for getting comparative year data. We also consider that early adoption should be permitted, but with certain exceptions for related standards.
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Tuesday, 30 November 2010
The JAB support the proposals in the ED, althought changes will be required to the transitional provisions in order to ensure the proposals are acceptable to the insurance industry in Australia.
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Friday, 19 November 2010
The JAB support the decision to develop a holistic lease accounting model to replace the existing requirements and we believe there are conceptual merits with some of the proposals. However, we are not convinced that the proposed Standard is effective in addressing the criticisms of the existing lease accounting model.
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Friday, 19 November 2010
The JAB support the decision to develop a holistic lease accounting model to replace the existing requirements and we believe there are conceptual merits with some of the proposals. However, we are not convinced that the proposed Standard is effective in addressing the criticisms of the existing lease accounting model.
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Thursday, 18 November 2010
We do not support the issue of the interpretation, as we do not consider there to be significant divergence in practice amongst entities currently applying IFRS.
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Monday, 8 November 2010
As the JAB identified in our response to the initial exposure draft on IAS 12 Income Taxes, we do not support the determination of the tax base based on a 'sale' assumption rather than an 'expected use' assumption. The 'sale' assumption will not report the true tax consequences of a transaction in some circumstances.
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Friday, 22 October 2010
APESB has adopted the same effective date for the proposed APES 110 as is the effective date for the IESBA Code issued in July 2009. The consequences are that members of the the Australian accounting bodies will have a highly constrained period in which to accommodate and implement the new APES 110.
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Friday, 22 October 2010
The JAB believe that any professional standard for members providing financial advice must meet the principal objective of assisting the availability of quality, affordable and understandable financial planning advice throughout Australia, including all regional areas. We also believe that there is a need to ensure there is both an obligation and guidance to protect clients from inappropriate remuneration structures.
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