The Taskforce is currently dormant.

The key objective of the Taskforce is to provide policy advice to the FRC in respect of the following:

To examine how the current financial reporting regimes for the various types of reporting entities in Australia can best be understood and, if needed, make recommendations regarding rationalisation of the regimes (for example, through better regulation of who needs to report and/or providing a vehicle for co-ordinating existing and new legislation).