New rules for investments in associates

Article Abstract:

The changes in accounting rules of standards states that the Australian equivalent of International accounting standard IAS 28 covering investment in enterprises has significant influence, but not control or joint control being AASB 128. The differences between AASB 128 and its predecessor AASB 1016 in terms of scope and application of the equity method and disclosure requirements are discussed.

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Keeping them honest: the JCPAA and the ANAO

Article Abstract:

Organizational changes reported by Australia's Joint Committee of Public Accounts and Audit and Australian National Audit Office to better handle responsibilities related to accounting legislative issues of the public sector are discussed. Additional information on both legislative bodies' powers and duties is also included.

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Super preservation rules: changes to conditions

Article Abstract:

Australian pension fund regulations prevent fund members from obtaining particular benefits until certain dates or events take place. The Superannuation Industry Act and Regulations will take effect on Jul 1, 1999. These new regulations are expected to be difficult to implement.

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