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Fair Value Disclosures for NFP Public Sector Entities

The AASB have decided to release an Exposure Draft proposing limited relief for NFP public sector entities from certain disclosures specified by AASB 13, applying only to fair value measurements categorised as Level 3 in the fair value hierarchy.

It is anticipated that the amendments will be finalised in time for early adoption by entities for 30 June 2015 financial year-ends.

More information can be found here

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