BC267ZA In September 2022 the IASB amended IFRS 16 to add subsequent measurement requirements for sale and leaseback transactions that satisfy the requirements in IFRS 15 to be accounted for as a sale. The amendments require a seller-lessee to subsequently measure lease liabilities arising from a leaseback in a way that it does not recognise any amount of the gain or loss that relates to the right of use it retains. Without these new requirements, a seller-lessee could have recognised a gain on the right of use it retains solely because of a remeasurement (for example, following a lease modification or change in the lease term) if it had applied the subsequent measurement requirements for lease liabilities unrelated to a sale and leaseback transaction. This could have been the case, in particular, in a leaseback that includes variable lease payments that do not depend on an index or rate-because these payments are excluded from ‘lease payments’ as defined in Appendix A. The seller-lessee might therefore have recognised a gain, even though no transaction or event would have occurred to give rise to that gain.