Current consultations

We are seeking comments from members to be considered as part of our submissions in response to the following major consultations.

The due date listed for members' comments is usually one week prior to the actual submission due date to allow time for consideration. Sometimes initial comments are requested earlier.

For your comments to be considered, email [email protected]

  • APRA releases guidance on managing the financial risks of climate change.
    Comments due 15 July 2021.
    APRA has released for consultations its draft guidance to banks, insurers and superannuation trustees on managing the risks of climate change. The development has wider regulatory significance given the targeted sectors’ central economic role and the reference to the Financial Stability Board Taskforce on Climate-related Financial Disclosures.

 


  2020-2021 submissions

AUDIT AND ASSURANCE DATE
Submission on the AUASB's due process framework (PDF) 
IAASB discussion paper: Fraud and going concern in an audit of the financial statements date (PDF)
IAASB Auditor Reporting and Other Information Post-implementation Review Survey (PDF)
Clean Energy Regulator: Proposed changes to streamline the Emissions Reduction Fund audit framework (PDF)
IAASB proposed ISA 600 (Revised): Special Considerations - Audits of Group Financial Statements(PDF)
Submission to NZ FMA on  The Auditor Regulation Act Notice 2020 (PDF)
NZ AuASB: Proposed new standard on agreed-upon procedures engagements (PDF)
IAASB Proposed Guidance Extended external reporting (EER) assurance (PDF)
Technological resources – using technology to enhance audit quality - United Kingdom (PDF)
Joint submission (with CA ANZ) to AUASB: ASRS 4400 Agreed-upon procedures engagements (PDF)
Audit inquiry hearing: Responses to the Parliamentary Joint Committee's questions on notice (PDF)
Enhancements to Regulatory Regime for Property Valuation and Auditors (PDF)

BUSINESS DATE
Asia-Pacific Small Business Survey 2020-2021 (PDF) 
Submission to MITI - Reducing the Regulatory Burden in Malaysia (PDF)  
Consumer Credit Reforms submission (PDF)
Joint submission with CA ANZ on the Parliamentary inquiry into the Payment Times Reporting Bill (PDF)
Digitalisation of small businesses in Hong Kong (PDF)
Joint submission with CA ANZ on the payment times reporting framework (PDF)

CROSS POLICY DATE
Federal Budget Submission 2021-22 (PDF) 
Future of corporate reporting - UK FRC DP (PDF) 
CA ANZ CPA Joint Submission on FinTech (PDF) 
Bushfire Unmet Recovery Needs CPA Submission (PDF)
Submission - Treasury consultation virtual meetings and electronic comms (PDF)
Submission - Australia-UK Free Trade Agreement (PDF)
Bushfire Recovery Lesson Submission (PDF)
Submission - Charitable fundraising in Australia (PDF)
Submission - FIRB reforms August 2020 (PDF)
Submission - Senate Select Committee COVID-19 Recovery (PDF)
Submission - immediate support from the Victorian Government to businesses (PDF)
Submission - immediate support from the Federal Government to businesses (PDF)
Queensland Rural and Industry Development Authority on Queensland COVID-19 jobs support loans (PDF)
National COVID-19 Co-ordination Commission regarding other matters that need to be addressed in response to the COVID-19 crisis (PDF)
Coronavirus Business Liaison Unit on financial reporting, audit and advisory services, external administration and bankruptcy (PDF)
Treasury on the first economic recovery package (PDF)
Assistant Treasurer and Minister for Housing: Endorsement of submission (PDF)

DIGITAL TRANSFORMATION DATE
CA ANZ CPA Joint Submission on modernising business communications (PDF) 
Consumer data rights and trusted advisers submission (PDF)
NSW Cyber Security Strategy (PDF) 
Consumer Data Rights (CDR) rules consultation (PDF)
Inquiry into Future Directions for the Consumer Data Right (PDF)
Select Committee's inquiry on financial technology and regulatory technology (PDF)

ECONOMICS DATE
Pre-budget submission to the Hong Kong government 2021-22 (PDF) 
Pre-policy address submission to the Hong Kong government 2020 (PDF) 
Submission - Additional Support to Victorian Small Business (PDF)
CPA Australia Federal Budget submission (PDF)
Pre-budget submission to the Malaysian government (2021 National Budget) (PDF)
Review of Financial Markets Authority funding and levy (PDF)
Pre-budget submission to the Hong Kong government 2020-21 (PDF)
Pre-budget submission to the Australian government 2020-21 (PDF)

ENVIRONMENTAL, SOCIAL AND GOVERNANCE DATE
Submission on inquiry into Treasury Laws Amendment (2021 Measures No. 1) Bill (PDF)
Submission to Attorney-General on the bankruptcy system and the impacts of coronavirus (PDF)
IFRS Consultation joint submission (PDF)
Joint Submission Corporate Insolvency (PDF) 
CPA Submission - Corporate Amendment (Corporate Insolvency Reforms) Bill 2020  (PDF)
Submission on International Framework consultation draft  (PDF)
Public Consultation by the Accounting and Corporate Regulatory Authority on the proposed amendments to the Companies Act  (Singapore) (PDF)
Proposed guidelines for management of environmental risks (PDF)
Bank Negara Malaysia - Climate Change and Principle-based Taxonomy Discussion Paper (PDF)
Technology investment roadmap discussion paper (PDF)
Litigation funding and the regulation of the class action industry (PDF)
Royal Commission into National Natural Disaster Arrangements (PDF)
International IR framework revision – focused engagement – topic paper 1 Responsibility for an integrated report (PDF)
The Australian Law Reform Commission: Corporate criminal responsibility (PDF)
Climate-related financial disclosures – understanding your business risks and opportunities related to climate change (PDF)

ETHICS AND PROFESSIONAL STANDARDS DATE
Whistleblowing & Confidentiality – APESB Technical Staff publication (PDF)
Proposed Amendments to APES 110 role and mindset submission (PDF) 
Technology and complexity in the professional environment submission (PDF) 
Impact of technology on Auditor Independence submission (PDF)
Proposed Amendments to APES 305 Terms of Engagement (APES 305) (PDF) 
Proposed Amendments to Part 4B of APES 110 Code of Ethics for Professional Accountants (PDF)
Proposed revisions to the Fee related provisions of the Code (PDF)
Proposed revisions to the Non-Assurance Services Provisions of the Code (PDF)
IESBA: Proposed revision to the code addressing the objectivity of engagement quality
reviewers
(PDF)

FINANCIAL PLANNING DATE
Growth/Defensive asset categorisation (PDF)
Review of APES 230 Financial Planning Services (PDF)
Royal Commission into Aged Care Quality and Safety interim report (PDF)
Retirement income review (PDF)
Establishing a compensation scheme of last resort (PDF)
Making insurance claims handling a financial service (PDF)

FINANCIAL REPORTING DATE
Submission to XRB New Zealand on Simple Format Reporting Standards – Post-implementation Review (PDF) 
Treasury consultation paper – Increasing financial reporting thresholds for ACNC- registered charities (PDF)
ASIC  Consultation Paper 337 - Externally administered companies: Extending financial reporting and AGM relief (PDF)
ASIC CP 338 Remaking ASIC class order on parent entity financial statements (PDF)
ASIC CP 336 Financial Requirements: Treatment of Lease assets (PDF) 
IASB Exposure Draft ED/2021/2 – COVID 19 related rent concessions beyond 30 June 2021 (PDF)  
IFRIC draft agenda decision on debt classification as current/non-current (PDF) 
Joint submission (with CA ANZ) IASB Discussion Paper on Business Combinations (PDF)
Joint submission (with CA ANZ) AASB IASB Discussion Paper on Business Combinations (PDF)
Joint submission (with CA ANZ) AASB proposals relating to NFPs and early adopt of Tier 2 Simplified Disclosures (PDF) 
CA ANZ CPA Joint Submission Aged Care Royal Commission  (PDF)
CPAA Joint Submission IPSAS ED 70 Revenue with Performance Obligations (PDF)
CA ANZ CPA Australia Joint Submission IPSAS ED 71 Revenue without Performance Obligations (PDF)
CA ANZ CPA Australia Joint Submission IPSASB ED 72 Transfer Expenses (PDF)
CPAA Joint Submission IPSAS ED 70 Revenue with Performance Obligations (PDF)
CPA Australia CAANZ joint submission IFRS for SMEs RFI (PDF)
Submission – AASB ED 298 general presentation and disclosures (PDF)
Submission – IASB ED-2019-7 general presentation and disclosures (PDF)
Joint submission ANZ CPA  (PDF)
Submission - NSW fundraising regulation 2020 consultation (PDF)
Submission - NZ FMA 16 class action notices (PDF)
Submission - ACNC voluntary grant income disclosures consultation august 2020 (PDF)
NZASB going concern additional disclosures EDs (PDF) 
Submission on AASB Exposure Draft ED 303 (PDF)
COVID-19: Deferral of Effective Dates  (PDF)
IASB Interest Rate Benchmark Reform Phase 2 (PDF)
Joint submission (with CA ANZ) to IASB supporting rent concession relief under IFRS 16 (PDF)
Accountancy Europe: Interconnected standard setting for corporate reporting (PDF)
Joint submission (with CA ANZ) to the ASBFEO addressing questions on financial reporting and supply chain financing (PDF)
Survey on IPSASB oversight arrangements (PDF)

SUPERANNUATION DATE
'Your Future, Your Super package' submission (PDF)
Security in old age for older single women without children (PDF) 
Supporting older single women without children - Briefing-note (PDF) 
Treasury Miscellaneous Amendments submission (PDF) 
Joint submission to Senate Economics: Treasury Laws Amendment (Self Managed Super Funds) Bill (PDF)
National COVID-19 Commission: joint bodies submission to extend superannuation guarantee amnesty (PDF)
Joint Bodies Submission - Superannuation Guarantee Amnesty (PDF)
ASIC consultation paper 329: Implementing the Royal Commission recommendations (PDF)
Improving flexibility of superannuation for older Australians (PDF)
Advice fees in superannuation (PDF)

TAXATION DATE
Treasury: Exempting granny flat arrangements from CGT (PDF) 
Department of Agriculture: Farm Management Deposit Scheme evaluation (PDF) 
Treasury: MBR Director ID transitional application period (PDF) 
PCG 2021/D2 Allocation of professional firm profits – ATO compliance approach (PDF) 
ATO: TR 2021/D2 Personal services income and personal services businesses – joint submission (PDF)
NZ IRD: Draft statement on tax avoidance submission (PDF)
NZ IRD: Foreign trust remedials submission (PDF)  
MBR Director ID Data Standard and Disclosure Framework legislative instruments (PDF) 
ATO: PCG 2021/D2 Allocation of professional firm profits – joint submission (PDF) 
IRD taxonomy submission (PDF) 
NSW Treasury: Property tax consultation paper submission (PDF) 
Continuing professional education requirements exposure draft submission (PDF) 
IRD - Trusts and AU NZ DTA  submission (PDF)
Review of CGT rollovers submission (PDF) 
Treasury: Full expensing of depreciating assets and small business entity pooling – joint submission (PDF)
TPB - TPB Review Report recommendations - CPA Australia and CA ANZ joint response (PDF) 
Treasury: Education and training expense deductions for individuals (PDF) 
ATO: National Tax Clinic open competitive grant program consultation paper (PDF) 
ATO: Delaying the proposed start date of Single Touch Payroll Phase 2 – joint submission (PDF) 
ATO: PS LA 2020/D2 The ATO's administrative approach to the extension of the Commissioner's discretion to retain tax refunds (PDF) 
Treasury: JobMaker Hiring Credit Exposure Draft Rules – joint submission (PDF) 
Inspector General of Taxation: Investigation into the effectiveness of ATO communications of taxpayers' rights to complain, review and appeal (PDF) 
National COVID Commission: State payroll tax exemption (PDF) 
Treasury and ATO: Extension of the JobKeeper Payment (PDF) 
Victorian Premier: Stage 4 Restrictions for tax practitioners and impacts on the tax and superannuation systems (PDF) 
ATO: Professional Practice Structures draft guidance (PDF) 
Board approved courses draft LIs (PDF)
Victorian Premier: Authorisation for tax practitioners to continue operating in the event of a Stage 4 lockdown in Victoria (PDF)
TPB: Tax Agent Services (Specified BAS Services No. 2) Instrument 2020 (PDF)
Review of the JobKeeper Program – from the joint tax and accounting bodies (PDF)
Treasury Review of the JobKeeper Program - ongoing engagement with the National Tax Liaison Group (PDF)
COVID-19 stimulus measures implementation impacts on the tax profession (PDF)
Hong Kong tax survey submission 2020 (PDF)
ATO regarding coronavirus economic response package (payments and benefits) rule 2020 (PDF)
National COVID-19 Co-ordination Commission regarding exemption from state payroll tax (PDF)
Treasury regarding tax policy measures affected by the COVID-19 crisis (PDF)
Coronavirus Business Liaison Unit on COVID-19 tax issues (PDF)
Treasurer regarding the JobKeeper stimulus package (PDF)
Tax professionals being an essential service (PDF)
Request for deferrals and penalty waivers (PDF)
TPB: TPB(DP) D1/2020 continuing professional education requirements for tax practitioners (PDF)
Senate Committee: Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (PDF)
Treasury Laws Amendment (Measures for Consultation) Bill 2019: Hybrid mismatch rules (PDF)
ATO: TR 2019/D6 Income tax: Application of paragraph 8-1(2)(a) of the ITAA 1997 to labour costs related to the construction or creation of capital assets (PDF)
Senate Committee: Public Governance, Performance and Accountability Amendment (Tax Transparency in Procurement and Grants) Bill 2019 (PDF)
ATO: TR 2019/D5 Car parking fringe benefits - joint submission by CPA Australia, CA ANZ and Corporate Tax Association (PDF)

Past submissions

View past submissions made by CPA Australia from 2012 – 2019.