{"id":"F2024L00075","name":"Accounting Standard AASB 1056 Superannuation Entities","slug":"accounting-standard-aasb-1056-superannuation-entities","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":105066,"registerId":"commonwealth-F2024L00075-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Note A — Insurance contract liabilities","sectionType":"subdivision","heading":"Note A — Insurance contract liabilities","content":"#### Note A – Insurance contract liabilities\n\nMembers can elect to take out term life cover with the Plan up to a maximum of $500,000 per member. The Plan uses the services of an actuary to determine its insurance contract liabilities who bases the calculations on relevant industry-focused mortality tables and the entity’s own claims experience. The entity has reinsured all of its direct insurance risks with EFG Reinsurance (Australia).","sortOrder":0},{"sectionNumber":"Note B — Investment reserve","sectionType":"subdivision","heading":"Note B — Investment reserve","content":"#### Note B – Investment reserve\n\nThe investment reserve comprises the difference between the cumulative amount of investment income (net of investment expenses) allocated to members’ accounts compared to the cumulative investment income (net of investment expenses) earned.","sortOrder":1},{"sectionNumber":"Note C — Operational risk reserve","sectionType":"subdivision","heading":"Note C — Operational risk reserve","content":"#### Note C – Operational risk reserve\n\nAn operational risk reserve is required under Australian Prudential Regulation Authority Standards to maintain adequate financial resources to address potential losses arising from operational risks. The Trustee has assessed a reserve of approximately 0.25% of funds under management as being appropriate for the Plan.\n\n \n\nIncome Statement for Defined Contribution Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | Note | $000 |\n| ---------------------------------------------------------- | ---- | ----------- |\n| Superannuation activities | | |\n| Interest revenue – direct cash deposits | | 8,152 |\n| Distributions from cash management trusts | | 211,534 |\n| Interest from Australian securities held directly | | 282,045 |\n| Interest from overseas securities held directly | | 66,283 |\n| Dividend revenue – listed Australian shares held directly | | 286,794 |\n| Distributions from wholesale international share trusts | | 99,325 |\n| Net rentals from directly held property | | 28,068 |\n| Distributions from unlisted property trusts | | 82,407 |\n| Net remeasurement changes in assets measured at fair value | | 1,903,074 |\n| Total superannuation activities revenue | | 2,967,682 |\n| | | |\n| Investment expenses | | (55,972) |\n| Administration expenses | | (41,662) |\n| Other operating expenses | E | (1,642) |\n| Total expenses | | (99,276) |\n| | | |\n| Net income from superannuation activities | | 2,868,406 |\n| Net loss from insurance activities | F | (36) |\n| Profit from operating activities | | 2,868,370 |\n| | | |\n| Less: Net benefits allocated to members’ accounts | | (2,635,776) |\n| Profit before income tax | | 232,594 |\n| Income tax expense | | (235,553) |\n| Loss after income tax | | (2,959) |\n\n| Note D – Total revenue | $000 |\n| --------------------------------- | --------- |\n| | |\n| Superannuation activities revenue | 2,967,682 |\n| Insurance contract revenue | 77,810 |\n| | 3,045,492 |\n\n| Note E – Other operating expenses | $000 |\n| --------------------------------- | ------- |\n| | |\n| Trustee fees | (298) |\n| Commissions paid directly | (323) |\n| Audit fees | (309) |\n| Advertising and sponsorship | (712) |\n| Other operating expenses | (1,642) |\n\n| Note F – Insurance activities | $000 |\n| ----------------------------------- | -------- |\n| | |\n| Insurance contract revenue | 77,810 |\n| Less: Outwards reinsurance premiums | (77,806) |\n| Net premium revenue | 4 |\n| Reinsurance recoveries revenues | 23,219 |\n| Insurance contract claims expenses | (22,833) |\n| Movement in insurance liabilities | (1,059) |\n| Movement in reinsurance assets | 633 |\n| Net loss from insurance activities | (36) |\n\nStatement of Changes in Member Benefits for Defined Contribution Superannuation Plan \nfor the year ended 30 June 20XX\n\n```html\n

$000

Opening balance of member benefits

18,014,382

Contributions:

Employer

2,622,940

Member

241,812

Transfers from other superannuation plans

704,162

Government co-contributions

27,746

Income tax on contributions (refer Note G)

(416,373)

Net after tax contributions

3,180,287

Benefits to members

(811,432)

Insurance premiums charged to members’ accounts

(77,810)

Death and disability benefits credited to members’ accounts

23,880

Benefits allocated to members’ accounts, comprising:

Net investment income

2,677,097

Administration fees

(41,321)

2,635,776

Closing balance of member benefits

22,965,083

\n```\n\n| Note G – Income tax on contributions | $000 |\n| ------------------------------------ | --------- |\n| | |\n| Contributions tax | (415,616) |\n| Contributions surcharge | (757) |\n| | (416,373) |\n\nStatement of Changes in Reserves for Defined Contribution Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | Unallocated surplus/ (deficiency) | Investment reserve | Operationalrisk | Total equity |\n| ------------------------------ | --------------------------------- | ------------------ | --------------- | ------------ |\n| | $000 | $000 | $000 | $000 |\n| Opening balance | – | 3,330 | 57,341 | 60,671 |\n| Profit/(Loss) for period | (2,959) | – | – | (2,959) |\n| Net transfers to/from reserves | 2,959 | (1,675) | (1,284) | – |\n| Closing balance | – | 1,655 | 56,057 | 57,712 |\n\nStatement of Cash Flows for Defined Contribution Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | $000 |\n| -------------------------------------------------------------------- | ----------- |\n| Cash flows from operating activities | |\n| Interest from cash deposits and cash management trusts | 189,667 |\n| Interest on Australian fixed interest securities held directly | 310,760 |\n| Interest on overseas fixed interest securities held directly | 27,819 |\n| Dividends from listed Australian shares held directly | 267,104 |\n| Net rentals from property held directly | 25,982 |\n| Unlisted property trust distributions | 83,691 |\n| Insurance premiums (inwards) | 77,810 |\n| Reinsurance recoveries | 22,016 |\n| Other income | 3,785 |\n| Administration expenses | (42,846) |\n| Investment expenses | (55,094) |\n| Reinsurance premiums (outward) | (77,270) |\n| Other expenses | (693) |\n| Income tax paid | (134,470) |\n| Net cash inflows from operating activities | 698,261 |\n| | |\n| Cash flows from investing activities | |\n| Proceeds from sales of units in unlisted cash management trusts | 680,654 |\n| Proceeds from sales of shares in Australian listed corporations | 803,730 |\n| Proceeds from sales of units in wholesale international share trusts | 845,218 |\n| Proceeds from sales of overseas fixed interest securities | 444,826 |\n| Proceeds from sales of units in unlisted property trusts | 259,428 |\n| Purchases of units in unlisted cash management trusts | (1,285,930) |\n| Purchases of Australian fixed interest securities | (498,898) |\n| Purchases of shares in Australian listed corporations | (944,767) |\n| Purchases of units in wholesale international share trusts | (2,684,406) |\n| Purchases of units in unlisted property trusts | (517,326) |\n| Purchases of other assets | (201) |\n| Net cash outflows from investing activities | (2,897,672) |\n| | |\n| Cash flows from financing activities | |\n| Employer contributions | 2,554,872 |\n| Member contributions | 235,548 |\n| Transfers from other superannuation plans received | 704,162 |\n| Government co-contributions received | 27,746 |\n| Benefits paid to members | (807,070) |\n| Income tax paid on contributions received | (407,417) |\n| Contributions surcharge tax paid | (674) |\n| Net cash inflows from financing activities | 2,307,167 |\n| | |\n| Net increase in cash | 107,756 |\n| Cash at the beginning of the financial period | 132,754 |\n| Cash at the end of the financial period | 240,510 |\n\nIllustrative example II\n\nAs at 30 June 20XX, Hybrid Superannuation Plan (the Plan) has 51,109 defined contribution members and 23,918 defined benefit members. The defined contribution part of the Plan is open to new members. All four of the defined benefit plans in the Plan are closed to new members. The defined contribution members have accounts that are credited or debited each year with contributions and a proportionate share of net investment income and expenses (including income tax expense) of the Plan. The defined benefit members have promised benefits that are determined on the basis of various formulae based on members’ salaries in the final years before they retire.\n\nStatement of Financial Position for Hybrid Superannuation Plan\n\nas at 30 June 20XX\n\n| | Note | $000 |\n| ------------------------------------------------------ | ---- | ----------- |\n| Assets | | |\n| Cash | | 467,803 |\n| Receivables | | 210,980 |\n| Shares in Australian listed corporations held directly | | 2,788,084 |\n| Units in international shares trusts | | 621,631 |\n| Fixed interest securities held directly | | 3,214,391 |\n| Investment-linked insurance contracts | | 289,148 |\n| Unlisted property trusts | | 1,918,116 |\n| Derivatives | | 32,328 |\n| Deferred tax assets | | 38,333 |\n| Other assets | | 5,345 |\n| Total assets | | 9,586,159 |\n| | | |\n| Liabilities | | |\n| Benefits payable | | (148,058) |\n| Other payables | | (42,347) |\n| Income tax payable | | (202,812) |\n| Deferred tax liabilities | | (797) |\n| Total liabilities excluding member benefits | | (394,014) |\n| | | |\n| Net assets available for member benefits | | 9,192,145 |\n| Defined contribution member liabilities | A | (2,258,229) |\n| Defined benefit member liabilities | B | (6,954,622) |\n| Total net liabilities | | (20,706) |\n| | | |\n| Equity | | |\n| Operational Risk Reserve | C | (25,895) |\n| Investment reserve | D | (2,980) |\n| Defined benefits that are (over) or under funded | E | 49,581 |\n| Total equity | | 20,706 |\n\nNote A – Defined contribution member liabilities\n\nDefined contribution members bear the investment risk relating to the underlying assets and unit prices used to measure defined contribution member liabilities. Unit prices are updated each day for movements in investment markets.\n\nHybrid Superannuation Plan manages market risks, including foreign exchange rate risk, interest rate risk, commodity price risk and equity price risk by obtaining exposure to major asset classes through investment managers with highly-diversified portfolios.\n\nThe credit risk on investments in bonds and similar interest-bearing instruments is managed by selecting relevant fund managers that have well-established frameworks and supporting policies for managing credit risk across their portfolios. Those policies include managing concentration of credit risks and managing the balance between secured and unsecured debt.\n\nThe Plan closely monitors the inflows of contributions and the withdrawals from its various superannuation plans with a view to maintaining an adequate balance of liquid assets at all times to facilitate paying benefits to any exiting members within the statutory timelines.\n\nNote B – Defined benefit member liabilities\n\nIn aggregate for the Plan’s four defined benefit superannuation plans, there were no unexpected events that changed defined benefit member liabilities materially. In line with general market expectations, discount rates are slightly higher at the current reporting date compared with the previous reporting date across all four plans, which had the effect of reducing defined benefit member liabilities. The Plan has no information that would lead it to adjust the assumptions around salary adjustment rates, pension index rates, resignations and mortality, which are all unchanged from the previous reporting period.\n\nThe Plan engages qualified actuaries on an annual basis to measure the defined benefit member liabilities in each of its four defined benefit plans. The Plan uses sensitivity analysis to monitor the potential impact of changes to key variables about which assumptions need to be made. The Plan has identified two assumptions (discount rate and rate of salary adjustment) for which changes are reasonably possible that would have a material impact on the amount of the liabilities.\n\nThe assumed discount rate for the four plans has been determined by reference to the investment returns expected on the investment portfolio that reflects the opportunities reasonably available to the Plan in investment markets, which also reflects the Plan’s actual investments and investment strategy in respect of defined benefit member liabilities. The assumed discount rate is the same for each of the four defined benefit plans.\n\nDefined member benefits in each of the Plan’s four plans are based on an average of each member’s salary at specified anniversary dates in each of the last three years of their expected membership of their plan. The assumed annual salary adjustments for each of the entity’s four plans has been determined by reference to the Wage Price Index produced by the Australian Bureau of Statistics and in consultation with the employer-sponsors. The rate is the same for each of the ABC, OPQ and RST defined benefit plans. XYZ members are in an industry that is expected to experience generally higher than average salary adjustments.\n\nThe other variables about which assumptions have been made in measuring defined benefit member liabilities and for which changes are not considered reasonably possible, or for which reasonably possible changes would not be expected to have a material effect, include pension index rates, mortality rates and resignations.\n\nThe following are sensitivity calculations on a univariate basis for the discount rate and rate of salary adjustment assumptions for the XYZ defined benefit plan and for the ABC, OPQ and RST defined benefit plans in aggregate.\n\n| Assumption for XYZ plan | Assumed at reporting date | Reasonably possible change | Amount of (increase) decrease in member benefit liability – $000 |\n| ----------------------- | ------------------------- | -------------------------- | ---------------------------------------------------------------- |\n| Discount rate | 5.0% | +0.5%–0.5% | 2,280(2,549) |\n| Salary adjustment rate | 4.0% | +1.0%–1.0% | (3,001)3,350 |\n\n \n\n| Assumption for ABC, OPQ and RST plans | Assumed at reporting date | Reasonably possible change | Amount of (increase) decrease in member benefit liability – $000 |\n| ------------------------------------- | ------------------------- | -------------------------- | ---------------------------------------------------------------- |\n| Discount rate | 5.0% | +0.5%–0.5% | 4,378(4,809) |\n| Salary adjustment rate | 3.0% | +1.0%–1.0% | (5,762)6,143 |\n\nNote C – Operational risk reserve\n\nThe Trustee has assessed an operational risk reserve of approximately 0.25% of funds under management as appropriate for the Plan in respect of both defined contribution member interests and defined benefit member interests.\n\n| Operational risk reserve | $000 |\n| ------------------------------- | ------ |\n| | |\n| Defined contribution membership | 5,657 |\n| Defined benefit membership | 20,238 |\n| | 25,895 |\n\nNote D – Investment reserve\n\nThe Investment reserve comprises the difference between the cumulative amount of investment income (net of investment expenses) allocated to members’ accounts compared with the cumulative investment income (net of investment expenses) earned.\n\nNote E – Defined benefit plans that are (over) or under funded\n\n| | Note | $000 |\n| --- | ---- | ------- |\n| | | |\n| ABC | F | 2,316 |\n| OPQ | G | (2,589) |\n| RST | H | 42,897 |\n| XYZ | H | 6,957 |\n| | | 49,581 |\n\nNote F – plan ABC\n\nBased on the existing contribution rate of the employer-sponsor of plan ABC, member benefits are projected, based on current assumptions, to be fully funded within the next two financial years.\n\nNote G – plan OPQ\n\nThe employer-sponsor of plan OPQ intends to reduce contributions to the minimum amount required to meet its superannuation guarantee obligations, which is projected, based on current assumptions, to eliminate the surplus to zero within three years.\n\nNote H – plans RST and XYZ\n\nThe employer-sponsors of plans RST and XYZ intend to increase their contributions for a period of three financial years to a level that is projected, based on current assumptions, to result in member liabilities being fully funded by the end of those three years.","sortOrder":2},{"sectionNumber":"Note I — Net assets attributable to defi","sectionType":"subdivision","heading":"Note I — Net assets attributable to defined benefit members","content":"#### Note I – Net assets attributable to defined benefit members\n\nIn respect of all four defined benefit plans, the entity has worked with the relevant employer-sponsors to develop a contributions strategy to fund the deficits that exist in three of the plans (ABC, RST and XYZ) and use up the surplus in one of the plans (OPQ). At the current rate of contributions from those employer-sponsors, each plan that currently has a deficit of liabilities over assets is scheduled to be fully funded within three years, and the plan that currently has a surplus is scheduled to be in balance within two years.\n\nIncome Statement for Hybrid Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | Note | $000 |\n| -------------------------------------------------------------- | ---- | --------- |\n| Superannuation activities | | |\n| Interest revenue | | 190,696 |\n| Dividend revenue – listed Australian shares held directly | | 91,338 |\n| Distributions from wholesale international share trusts | | 12,881 |\n| Unlisted property trust distributions | | 261,878 |\n| Other income | | 1,496 |\n| Net remeasurement changes in assets measured at fair value | | 170,804 |\n| Total revenue | | 729,093 |\n| | | |\n| Investment expenses | | (27,404) |\n| Administration expenses | | (12,042) |\n| Other operating expenses | J | (998) |\n| Total expenses | | (40,444) |\n| | | |\n| Operating result | | 688,649 |\n| Net benefits allocated to defined contribution member accounts | | (142,293) |\n| Net change in defined benefit member benefits | | (580,138) |\n| Operating result before income tax expense | | (33,782) |\n| Income tax expense | | (38,470) |\n| Operating result after income tax | | (72,252) |\n\n| Note J – Other operating expenses | $000 |\n| --------------------------------- | ----- |\n| | |\n| Trustee fees | (198) |\n| Actuarial fees | (272) |\n| Audit fees | (216) |\n| Commissions paid directly | (123) |\n| Advertising and sponsorship | (189) |\n| Other operating expenses | (998) |\n\nStatement of Changes in Member Benefits for Hybrid Superannuation Plan \nfor the year ended 30 June 20XX\n\n```html\n

DC member benefits

DB member benefits


Totals

$000

$000

$000

Opening balance

2,185,275

6,555,825

8,741,100

Employer contributions

127,355

349,814

477,169

Member contributions

17,717

93,153

110,870

Transfers from other super entities

29,987

–

29,987

Transfers to other super entities

(40,737)

–

(40,737)

Income tax on contributions

(20,148)

(66,445)

(86,593)

Net after tax contributions

114,174

376,522

490,696

Benefits to members

(187,093)

(561,278)

(748,371)

Insurance premiums charged to members

(105)

(312)

(417)

Death / disability benefits credited

1,233

3,699

4,932

Reserve transfers to (from) members:

Investment reserves

1,239

–

1,239

Operational risk reserves

1,213

28

1,241

Net benefits allocated, comprising:

Net investment income

145,701

Net administration fees

(3,408)

142,293

–

142,293

Net change in DB member benefits

–

580,138

580,138

Closing balance

2,258,229

6,954,622

9,212,851

\n```\n\nStatement of Changes in Reserves for Hybrid Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | InvestmentNote E | Operational riskNote C | Unallocatedsurplus/ (deficiency) | Totalequity |\n| ------------------------------- | ---------------- | ---------------------- | -------------------------------- | ----------- |\n| | $000 | $000 | $000 | $000 |\n| Opening balance | 4,219 | 27,136 | 22,671 | 54,026 |\n| Transfers to DC member accounts | (1,239) | (1,213) | – | (2,452) |\n| Transfers to DB member accounts | – | (28) | – | (28) |\n| Operating result | – | – | (72,252) | (72,252) |\n| Closing balance | 2,980 | 25,895 | (49,581) | (20,706) |\n\n \n\nStatement of Cash Flows for Hybrid Superannuation Plan \nfor the year ended 30 June 20XX\n\n| | $000 |\n| ----------------------------------------------------- | --------- |\n| Cash flows from operating activities | |\n| Interest on cash deposits and debt securities | 128,368 |\n| Dividends from Australian listed corporations | 210,250 |\n| Distributions from international share trusts | 12,981 |\n| Insurance premiums | 4,558 |\n| Other income | 1,295 |\n| Administration expenses | (11,289) |\n| Investment expenses | (26,560) |\n| Other expenses | (714) |\n| Income tax | (98,299) |\n| Net cash inflows (outflows) from operating activities | 220,590 |\n| | |\n| Cash flows from investing activities | |\n| Sales of shares in Australian listed corporations | 601,110 |\n| Sales of fixed interest securities | 128,908 |\n| Sales of derivatives | 4,219 |\n| Sales of investment-linked insurance contracts | 530,886 |\n| Purchases of shares in Australian listed corporations | (842,316) |\n| Purchases of fixed interest securities | (179,108) |\n| Net cash inflows (outflows) from investing activities | 243,699 |\n| | |\n| Cash flows from financing activities | |\n| Employer contributions | 487,185 |\n| Member contributions | 110,870 |\n| Transfers from other superannuation entities | 29,428 |\n| Transfers to other superannuation entities | (41,436) |\n| Benefit payments to members | (769,353) |\n| Tax paid on contributions | (89,224) |\n| Net cash inflows from financing activities | (272,530) |\n| | |\n| Net increase in cash | 191,759 |\n| Cash at the beginning of the financial period | 276,044 |\n| Cash at the end of the financial period | 467,803 |","sortOrder":3}],"analysis":{"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"Based on the supplied text, the instrument's scope covers accounting and disclosure for superannuation entities including defined contribution, defined benefit and hybrid plans, plus insurance, investment and operational reserves. The material provided shows illustrative application rather than any change or narrowing/expansion of scope."},"complexity_factors":["Actuarial valuation and measurement of insurance contract liabilities and defined benefit member liabilities (Note A; Note B – Defined benefit member liabilities) — requires specialist input and judgment.","Reinsurance interactions and movements in reinsurance assets/liabilities (Note A; Note F) — adds accounting and cash‑flow complexity.","Multiple plan types and hybrid reporting (defined contribution and defined benefit) requiring separate measurement bases and reconciliations (Illustrative examples and Notes A–I).","Reserves calculation and transfers: investment reserve (difference of cumulative allocated vs earned income) and operational risk reserve (APRA requirement, ~0.25% of FUM) (Note B; Note C) — requires ongoing tracking and allocation rules.","Tax treatment on contributions and contributions tax disclosures (Note G) — affects cash flows and member account allocations.","Detailed cash‑flow, income statement and member benefits disclosures with high investment turnover — operational and presentation burden for preparers.","Actuarial assumptions and sensitivity analysis for discount rate and salary growth (Defined benefit notes) — significant estimation risk and disclosure requirements.","Funding strategies and sponsor intentions for plan deficits/surpluses (Notes F, G, H, I) — requires documented plans and monitoring.","Interplay between member account allocations, net investment income and reserve movements — requires consistent allocation methodology and controls."],"plain_english_summary":"This instrument sets accounting and disclosure rules for superannuation entities' financial statements. It prescribes how to measure and disclose insurance contract liabilities (actuarial valuation, mortality tables, reinsurance), defines the investment reserve (difference between cumulative investment income allocated to members and income earned) and requires an operational risk reserve (APRA standard, ~0.25% of assets). It requires detailed income, member‑benefits, cash‑flow and actuarial sensitivity disclosures. Trustees, actuaries, auditors and sponsoring employers bear compliance and reporting costs; sponsors may need to adjust contribution strategies."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"This appears to be the standard as originally intended—providing comprehensive accounting guidance for superannuation entities. The illustrative examples demonstrate application to both defined contribution and defined benefit plans, including hybrid structures, which reflects the standard's intended scope covering the full spectrum of Australian superannuation arrangements."},"complexity_factors":["Dual reporting frameworks required for hybrid funds (both defined contribution and defined benefit sections)","Extensive actuarial assumptions required for defined benefit liabilities (discount rates, salary adjustment rates, mortality tables, pension indexation)","Multiple reserve categories with specific purposes: operational risk reserve (0.25% of funds under management), investment reserve, and unallocated surplus/deficiency","Complex reinsurance accounting for insurance contract liabilities within superannuation funds","Sensitivity analysis requirements showing material impacts of assumption changes (demonstrated with multiple scenarios for discount rates and salary adjustments)","Cross-references to prudential standards (APRA) and tax legislation (contributions tax, surcharge)","Fair value measurement requirements for diverse asset classes (derivatives, unlisted property trusts, international shares)","Deferred tax asset and liability recognition across different member benefit types"],"plain_english_summary":"AASB 1056 sets accounting and reporting rules for Australian superannuation entities, ensuring member benefits are presented as liabilities and defined‑benefit promises are measured using actuarial assumptions. It requires operational risk and investment reserves and detailed disclosures (including insurance/reinsurance and sensitivity analysis). \n\nThe standard affects trustees, administrators, auditors, actuaries and regulators, and promotes transparency about funds’ solvency and the measurement of members’ retirement entitlements."}},"importantCases":[],"_links":{"self":"/api/acts/accounting-standard-aasb-1056-superannuation-entities","history":"/api/acts/accounting-standard-aasb-1056-superannuation-entities/history","analysis":"/api/acts/accounting-standard-aasb-1056-superannuation-entities/analysis","conflicts":"/api/acts/accounting-standard-aasb-1056-superannuation-entities/conflicts","importantCases":"/api/acts/accounting-standard-aasb-1056-superannuation-entities/important-cases","documents":"/api/acts/accounting-standard-aasb-1056-superannuation-entities/documents"}}