Register / AASB 1056 Superannuation Entities / AASB 1056 paragraph 12A
Treat the statement of changes in member benefits as a primary statement
The statement of changes in member benefits, including its comparative information, is a primary financial statement for AASB 18 purposes. The AASB 18 rules on comparatives, labels, and aggregation and disaggregation therefore cover it.
Why the paragraph exists
Member benefit movements are the centre of a superannuation report. Treating the statement as primary brings labelling, comparatives and aggregation into the audit scope.
In practice
Treat the member benefits statement as a primary statement in the disclosure checklist, the comparatives and the aggregation review. The paragraph names all three.
Check the statement labels against the AASB 18 labelling requirements, not only against last year's layout.
The mistake to avoid
The common mistake is to treat the statement as a supporting schedule because it was one in the prior year.
Who it binds
A superannuation entity applying AASB 1056.
What to do before the date
- Confirm the entity falls in this group: Superannuation entity.
- Put the requirement into the financial statements preparation plan: treat the statement of changes in member benefits as a primary statement.
- Open a workpaper for the first evidence item: The statement of changes in member benefits with comparative information presented on the same basis.
Evidence an auditor will ask for
Dates
| Date | What it means | Applies to |
|---|---|---|
| 2027-12-31 | The instrument commences for this paragraph | superannuation |
| 2028-01-01 | First annual periods beginning on or after this date apply the Standard | superannuation |
Commencement and application are separate tests.
Cross-references
- AASB 1056 paragraph 11
- AASB 18 comparative information, labelling and aggregation requirements
Record note
The paragraph adds no new member benefit line item. It changes the status of the statement for AASB 18 purposes.
Questions
What does AASB 1056 paragraph 12A require in practice?
Treat the member benefits statement as a primary statement in the disclosure checklist, the comparatives and the aggregation review. The paragraph names all three.
What is the common mistake under AASB 1056 paragraph 12A?
The common mistake is to treat the statement as a supporting schedule because it was one in the prior year.
What evidence should be kept?
At least: The statement of changes in member benefits with comparative information presented on the same basis.; The statement labelling and aggregation review for the member benefits statement. The kit carries each one as a row with an owner column to complete.
Source
This page is our statement of the paragraph, cited so you can check it. Read F2026L01162 on legislation.gov.au.
Source pointer: AASB 1056 paragraph 12A. Record retrieved 2026-10-20.