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The federal government has appointed Dr Keith Kendall as the full-time chair of the Australian Accounting Standards Board (AASB) for a five-year period from 3 May 2020.
Assistant Treasurer Michael Sukkar announced the new appointment earlier this week, with Dr Kendall to replace Kris Peach, who filled the role for the past five years.
Dr Kendall is a current member of the Administrative Appeals Tribunal and was previously a partner at Rigby Cooke Lawyers.
In his capacity as the chair of the AASB, Dr Kendall has also been appointed as a part-time member of the Financial Reporting Council (FRC) for a five-year period commencing from the date of his appointment to the AASB.
The FRC is responsible for overseeing the effectiveness of the financial reporting framework in Australia.
"The government congratulates Dr Kendall on his appointment and thanks the outgoing AASB chair, Ms Kris Peach, for her significant contributions to the work of the AASB and the FRC," Mr Sukkar said.