Australian securitizers are concerned that a new accounting rule could force many of them to take assets back on-balance sheet. The ruling Abstract 28: Consolidation Special Purpose Entities is an interpretation of AASB 1024 by the Urgent Issues Group of the Australian Accounting Standards Board.

The abstract is intended to clarify the circumstances under which a sponsor might be deemed to control a special purpose entity.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.