15.0Excess/deficiency of assets

15.0 Excess/deficiency of assets

This item relates to defined benefit superannuation entities. The excess/deficiency of assets available for use for a defined benefit superannuation entity will generally be determined by an actuary when a formal valuation is conducted. Accordingly for a defined benefit superannuation entity, only complete this item where this is applicable and is determined by an actuarial review. Where a formal actuarial valuation has not been conducted as at the reporting date, a $Nil balance should be entered at this item.

For item 15, record an excess as a positive number and a deficiency as a negative number.