Application
2
This Standard applies to:
(a) general purpose financial statements of each superannuation entity that is a reporting entity; and
(b) financial statements of a superannuation entity that are held out to be general purpose financial statements.
3
This Standard applies to annual reporting periods beginning on or after 1 July 2016.
4
This Standard may be applied to annual reporting periods beginning before 1 July 2016. When an entity applies this Standard to such an annual reporting period, it shall disclose that fact.
5
When applied or operative, this Standard supersedes AAS 25 Financial Reporting by Superannuation Plans as issued in March 1993 and amended to December 2013.