Duties of the Chair of the AASB
235D Duties of the Chair of the AASB
The Chair of the AASB, under the Minister, is responsible for managing the Office of the AASB.
In particular, the Chair of the AASB is responsible for approving:
the AASB’s priorities, business plans and procedures; and
the Office of the AASB’s budgets and staffing arrangements (including level, structure and composition of staffing).
If the Chair of the AASB takes action that is inconsistent with any advice the FRC has given under paragraph 225(2)(b) or (ba), he or she must:
make a written record of his or her reasons for not following the advice; and
give a copy of the advice and of his or her reasons to the Minister; and
include a copy of the advice and of his or her reasons in the annual report under section 235J.
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