Comments

The FRC welcomes comments and feedback. Comments are specifically sought in relation to the following areas:

1. Are there any additional sources of reporting complexity which should be considered by the Task Force and the FRC, and if so, what?
2. Do you agree with the Task Force's conclusion that complexity is inevitable in the short-term and accordingly that efforts should be concentrated on strategies to assist stakeholders to better manage this complexity?
3. Do you have any comments on the strategies to better manage complexity as suggested by the Task Force?
4. Do you have any suggestions for the financial reporting terms and definitions that should be encouraged for development (Suggested Strategy #4)?
5. Please indicate 'quick wins' that you believe could be achieved in managed complexity, which could be delivered within the current Australian legislative framework and IFRS.
6. Are there any other issues the Task Force should consider?

Please submit comments to the FRC Secretariat by 31 July 2012:

Email:

frcsecretary@treasury.gov.au

Mail:

Secretary Financial Reporting Council
c/ The Treasury
Langton Crescent
PARKES ACT 2600