cOMPARISON WITH IAS 19

AASB 119 Employee Benefits as amended incorporates IAS 19 Employee Benefits as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 19) are identified with the prefix “Aus” or “RDR”, followed by the number of the preceding IASB paragraph and decimal numbering. Paragraphs that apply only to not‑for‑profit entities begin by identifying their limited applicability.

Entities that comply with AASB 119 as amended will simultaneously be in compliance with IAS 19 as amended, with the exception of entities preparing general purpose financial statements under Australian Accounting Standards – Reduced Disclosure Requirements.