24 October 2005

Mr David Boymal
Chairman
AASB
PO Box 204
COLLINS STREET WEST VIC 8007

Dear David

ED 141 Proposed Amendments to AASB 127
‘Consolidated and Separate Financial Statements’

The Group of 100 (G100) submission to the IASB is attached.

The G100 believes that, notwithstanding its views on the IASB proposals, the amendments made to IAS 27 by the IASB should be adopted for application in Australia. We believe failure to adopt changes made by the IASB puts at risk the benefits flowing from implementing the FRC’s strategic directive and would not be in the best interests of the Australian economy.

Yours sincerely

Tom Honan
National President

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