Better, faster, more compliant: Achieving AASB 16 compliance

Corporate occupiers have faced their fair share of challenges over the last 12 months with COVID-19 coming at the same time as the introduction of sweeping new lease accounting requirements (AASB16/IFRS16). Jim Kondonis is Chief Financial Officer at Lowes, one of Australia’s most enduring family owned businesses for over 123 years with 190 stores across Australia. 190 stores means 190 commercial leases to manage under the new standards, and so Jim joins us in this session to share how he and the Lowes team met this challenge head on, implementing software in the middle of a pandemic, changing their processes, and improving the flexibility and efficiency of their operations while they were at it.