Wednesday 5 July 2023

Meeting Date
Wednesday 5th of July 2023
Meeting Time
9:30am – 2:15pm
Meeting Location
Microsoft Teams meeting (details to be provided on registration)
Meeting Details

Members of the public are advised that the meeting will be held by Microsoft Teams videoconference and public attendance is via registration only. Members of the public should register their interest in attending the public sessions no later than 24 hours in advance of the meeting, being 9:30am, Tuesday 4 July by emailing secretariat@frc.gov.au detailing:

  • Name
  • Affiliation
  • Contact details

Registered attendees will be emailed Microsoft Teams details by no later than Tuesday 4 July 2023.

Download meeting papers [PDF 1MB]

Item Report by Time
PUBLIC SESSION

1. Introduction

   9:30am
  1. Attendees and apologies
  2. Declarations of interest
  3. New members – Pru Bennett and Rachel Grimes
 Chair
Chair
Chair		  

2. Matters for noting / action

   9:45am
  1. Minutes of previous meeting – 10 March 2023
  2. Minutes of out‑of‑session meetings – 16 May 2023
  3. Matters arising
 Chair
Chair
Chair/Secretariat		  

3. Environmental Scan

  10:00am
  1. Member Reflections
  2. Stakeholder Reports
    1. At the time of drafting the meeting papers, the FRC received 11 stakeholder reports and 2 responses confirming nil update from its request to 23 stakeholders.
    2. The chair to report on stakeholder meetings
  
Chair		  

4. Oversight of Australian Standards (Accounting and Auditing) per s225(1) to (2A)

   10:30am
  1. Australian Accounting Standards Board
    1. Sustainability Report
  2. Auditing and Assurance Standards Board
 Keith Kendall

Bill Edge		  
Morning Tea   10:50am

5. Monitoring and influencing international developments per 225(2)(e) to (2)(f) and s225(2A)(f) to (2A)(g)

    
  1. XRB Update – verbal
  2. IFRS Conference ‑ verbal
  3. International developments (including recent media releases)
  4. Asia‑Pacific Climate Reporting Summit 2023 ‑ verbal
 Michele Embling
Andrew Mills and Keith Kendall
Keith Kendall and Bill Edge
Tracey Carroll and Justin Williams		 11:00am
11:15am
11:45am
12:00pm
Lunch   12:30pm

6. Financial Reporting Framework Objects ‑ Indicators per s225(1)(g)

 Chair 1:00pm

7. Public Sector Advisory Group per s225(2)(g), (2)(h)(i) and s225(2A)(g) and (2A)(h)(i)

 Tracey Carroll 1:20pm

8. Emerging issues and FRC priorities per s225(1)(a) to (d), (1)(g), (2B) and (2C)(e)

 Chair 1:40pm

9. Other business

   2:00pm
  1. Nominations Committee [per s225(2)(a) and s225(2A)(a)]
  2. Correspondence received and sent
  3. Key Action Items Summary
 FRC Nominations Committee Chair
Chair/FRC Secretariat
Chair/FRC Secretariat		  

10. Next meeting

Chair 2:15pm
  1. Confirming quarterly dates for 2023‑24

    A.1. September meeting to be held in Melbourne

    
NON‑PUBLIC SESSION

11. Matters for non‑public session*

   2:20pm
Meeting Close   4:00pm

* Agenda item 11 will be held in private. The order of agenda items may be changed during a meeting.

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Notices of Meeting