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AASB 119 - Employee Benefits - August 2015
33If an entity participates in a multi-employer defined benefit plan, unless paragraph 34 applies, it shall:
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33 If an entity participates in a multi-employer defined benefit plan, unless paragraph 34 applies, it shall:
(a) account for its proportionate share of the defined benefit obligation, plan assets and cost associated with the plan in the same way as for any other defined benefit plan; and
(b) disclose the information required by paragraphs 135–148 (excluding paragraph 148(d)).
34 When sufficient information is not available to use defined benefit accounting for a multi-employer defined benefit plan, an entity shall:
(a) account for the plan in accordance with paragraphs 51 and 52 as if it were a defined contribution plan; and
(b) disclose the information required by paragraph 148.