Tier 3 NFP Feedback Form

You can use this online form to provide your feedback on the proposed changes to the Tier 3 (NFP) Standard.

Each of the questions in the consultation document is included below. You may respond to any number of questions, you do not have to complete all questions in order to provide your feedback.

Consultation documents

Before providing your comments we recommend reading the consultation documents below.

Consultation Document

Exposure Draft

First name

Last name

Organisation

Service performance reporting

1. Do you agree with the proposed amendments relating to service performance reporting?

Asset valuation

2. Do you agree with the proposal to include requirements for the revaluation of property, plant and equipment within the Tier 3 (NFP) Standard rather than require an entity to opt-up?

3. Do you agree with the proposal to require revaluation movements on property, plant and equipment to be recognised directly in accumulated funds through a revaluation reserve?

4. Do you agree with the proposal that investment property should be accounted for in the same manner as property, plant and equipment?

5. Do you agree with the proposal to allow publicly traded financial investments to be measured at market value?

6. Do you agree with the proposal to require changes in the market value of investments to be recognised as revenue or expenses in the statement of financial performance?

Required categories for presenting revenue and expenses

7. Do you agree with the proposals to amend the required revenue and expense categories?

Revenue recognition

8. Do you agree with the proposals to amend the revenue recognition requirements for grant, donation, bequest and pledge funding?

Accumulated funds

9. Do you agree with the proposals to require an entity to provide enhanced note disclosure that explains the purpose for which accumulated funds are held?

10. Do you agree with the proposals to remove the requirements related to restricted reserves?

Opting up

11. Do you agree with the proposed accounting for items of other comprehensive revenue and expense?

12. Do you have any comments on the new Appendix C?

Other proposed amendments

13. Do you agree with the proposed amendments to Section 3 Entity Information?

14. Do you agree with the proposed amendments to the statement of cash flows?

15. Do you agree with the proposed amendments to the definition of cash?

Effective date

16. Do you agree with the proposed effective date of 1 April 2024, with early adoption permitted.

Other

17. Do you have any other comments on the proposals to amend the reporting requirements for Tier 3 (NFP) entities?

Consultations