Member liabilities (AASB1056_12-23)

Obligations relating to member entitlements shall be recognised as member liabilities.

Member liabilities shall be measured as the accrued benefits of members as set out in paragraphs 16 and 17.

Defined contribution member liabilities shall be measured as the amount of member account balances as at the reporting date.

Defined benefit member liabilities shall be measured as the amount of a portfolio of investments that would be needed as at the reporting date to yield future net cash inflows that would be sufficient to meet accrued benefits as at that date when they are expected to fall due.