Standard business reporting
Standard Business Reporting (SBR) is a government initiative aimed at reducing the reporting burden for business by removing duplication across multiple agencies and jurisdictions.
The agencies involved include Treasury, Australian Securities and Investments Commission, Australian Taxation Office, Australian Prudential Regulation Authority, Australian Bureau of Statistics and Offices of State Revenue.
SBR commenced on 1 July 2010 and simplifies financial reporting requirements by:
- Removing unnecessary and duplicated information
- Enabling automatic pre-filling of government forms through accounting/record-keeping software
- Enabling required information to be sent electronically to participating agencies with a single sign on.
For more information please visit the SBR website.
This page will also keep you up to date with international electronic reporting developments, including the IASB’s XBRL taxonomy program for IFRS financial statements.
Refer to the articles below to stay up-to-date with the SBR initiative, or use the search filters to look-up historical information.
The IASB has released information about a number of new developments associated with its XBRL Taxonomy, the software that translates IFRSs into XBRL.
Published on 11 April 2014
The IFRS Taxonomy 2014 edition, which translates International Financial Reporting Standards (IFRSs) into eXtensible Business Reporting Language (XBRL), has been released by the IFRS Foundation.
Published on 14 March 2014
The IASB is seeking applicants to fill 16-20 positions on its newly established IFRS Taxonomy Consultative Group.
Published on 7 February 2014
The IFRS Foundation has released for public comment the second Interim Release Package on the IFRS Taxonomy 2013.
Published on 24 January 2014
The IFRS Foundation has released for public comment an Interim Release Package on the IFRS Taxonomy 2013 <
Published on 22 January 2014