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IASB Meeting Summaries and Observer Notes

 IASB November 2013


The IASB continued its discussion about the features of rate regulation that should form the focus of the Discussion Paper that the IASB intends to publish for this project. The IASB considered an analysis of the rights and obligations arising from a particular rate-setting mechanism that requires a ‘true-up’ adjustment to be made to the rate:

  • for differences between estimated and actual amounts of cost and/or revenue for previous periods; and/or
  • to award a bonus or impose a penalty for meeting or failing to meet a performance target.

The IASB was not asked to make any decisions but provided advice to the staff on a range of issues that should be addressed in the development of the Discussion Paper.

Next steps

Discussions on the Rate-regulated Activities research project will continue at the January board meeting.


Date: 11/20/2013