AASB 119 - Employee Benefits - September 2011
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Accounting Standard AASB 119 Employee Benefits as amended
This compiled Standard applies to annual reporting periods beginning on or after 1 January 2016. It takes into account amendments up to and including 21 January 2015 and was prepared on 20 March 2015 by the staff of the Australian Accounting Standards Board (AASB).
This compilation is not a separate Accounting Standard made by the AASB. Instead, it is a representation of AASB 119 (September 2011) as amended by other Accounting Standards, which are listed in the Table below.
Table of Standards
| Standard | Date made | Application date(annual reporting periods … on or after …) | Application, saving or transitional provisions |
|---|---|---|---|
| AASB 119 | 5 Sep 2011 | (beginning) 1 Jan 2013 | see (a) below |
| AASB 2011-8 | 2 Sep 2011 | (beginning) 1 Jan 2013 | see (b) below |
| AASB 2011-10 | 5 Sep 2011 | (beginning) 1 Jan 2013 | see (c) below |
| AASB 2011-11 | 5 Sep 2011 | (beginning) 1 Jul 2013 | see (d) below |
| AASB 2012-10 | 18 Dec 2012 | (beginning) 1 Jan 2013 | see (a) below |
| AASB 2014-1 | 4 Jun 2014 | Pt A (beginning) 1 Jul 2014Pt B (beginning) 1 Jul 2014Pt C (beginning) 1 Jul 2014 | see (e) belowsee (f) belowsee (g) below |
| AASB 2015-1 | 21 Jan 2015 | (beginning) 1 Jan 2016 | see (h) below |
(a) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013.
(b) AASB 2011-8 has been amended by AASB 2011-10 (made 5 September 2011) and AASB 2012-6 (made 10 September 2012).
Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013, provided that AASB 13 Fair Value Measurement is also applied to such periods.
(c) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 January 2005 but before 1 January 2013, provided that AASB 119 Employee Benefits (September 2011) is also applied to such periods.
(d) Entities may elect to apply this Standard to annual reporting periods beginning on or after 1 July 2009 but before 1 July 2013, provided that AASB 1053 Application of Tiers of Australian Accounting Standards is also applied to such periods.