Share your views on draft legislation that combines the following into a single body:
Australian Accounting Standards Board
Auditing and Assurance Standards Board
Financial Reporting Council.
This body will be called External Reporting Australia.
The draft legislation sets up:
the single body's structure
governance, administrative and procedural arrangements
dedicated technical boards to make standards for accounting, auditing and assurance, and sustainability
other functions and powers of the body
transitional arrangements.
Your feedback will help refine the draft legislation before it is introduced into parliament.
Roundtable discussions
Treasury is planning in-person roundtable discussions for mid-November.
To express interest in attending, email FRSreform@treasury.gov.au by 6 November 2025. Include your preferred location – Sydney or Melbourne.
Background
The government announced plans to combine these bodies together. Treasury consulted on the model earlier this year.
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