Treasury
The AASB is an Australian Government agency under the Australian Securities and Investments Commission Act 2001. Under that Act, the statutory functions of the AASB are: - to develop a conceptual framework for the purpose of evaluating proposed standards; - to make accounting standards under section 334 of the Corporations Act 2001; - to formulate accounting standards for other purposes; - to participate in and contribute to the development of a single set of accounting standards for worldwide use; - and to advance and promote the main objects of Part 12 of the ASIC Act, which include reducing the cost of capital, enabling Australian entities to compete effectively overseas and maintaining investor confidence in the Australian economy.

Further information

  • Type of Body

    R. Management Board

  • Established By / Under

    PGPA Rule (Schedule 1)

  • Paid Members?

    Yes

  • Max No. of Board/Committee Members

    13

  • Annual Report Prepared and tabled?

    No

  • Classification

    X. Internal Management

  • Auditor

    ANAO

  • Function Categorization

    Regulatory / Review / Inquiry / Commission

  • Creation Date

    1 January 2000

Current board appointments

Position Appointee Start Date End Date
Chair Ms. Kris Peach 3 November 2014 2 November 2019
Member Ms. Taryn Rulton 1 January 2017 31 December 2019
Member Mr. Marc Smit 1 January 2017 31 December 2018
Member Mr. Andrew Kearnan 1 January 2015 31 December 2017
Member Mr. Michael Blake 1 January 2015 31 December 2017
Member Mr. Peter Gibson 1 January 2014 31 December 2018
Member Ms. Carmen Ridley 1 January 2015 31 December 2017
Member Ms. Megan Wilson 1 January 2015 31 December 2017
Member Ms. Regina Fikkers 1 January 2017 31 December 2018
Member Prof. Ann Tarca 1 January 2017 31 December 2019
Last updated: