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A member whose benefits are determined by reference to accumulated contributions made on their behalf and/or by them, together with investment earnings thereon. If an individual member’s benefit entitlements have characteristics of both defined benefit …

An entity that constitutes one or more superannuation plan(s) or an approved deposit fund . …

An entity that is: (a) regulated under the Superannuation Industry (Supervision) Act 1993 , or similar legislative requirements in the case of an exempt public sector superannuation plan; and (b) established and maintained: (i) in order to receive …

The value of benefits to which members or their beneficiaries would be entitled on voluntary withdrawal from the superannuation entity or on becoming entitled to a pension or deferred benefit as at the end of the reporting period. In the context of a …

The beginning of the earliest period for which an entity presents full comparative information under Australian Accounting Standards in its first Australian-Accounting-Standards financial statements …

An amount used as a surrogate for cost or depreciated cost at a given date. Subsequent depreciation or amortisation assumes that the entity had initially recognised the asset or liability at the given date and that its cost was equal to the deemed …

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. (See AASB 13 …

The first annual financial statements in which an entity adopts Australian Accounting Standards, by an explicit and unreserved statement of compliance with Australian Accounting …

The latest reporting period covered by an entity’s first Australian-Accounting-Standards financial statements . …

An entity that presents its first Australian-Accounting-Standards financial statements . …