Register / AASB 18 Presentation and Disclosure in Financial Statements / AASB 18 paragraph Aus23.1
Present every relevant AASB 1056 line item in the primary statements
Even where AASB 18 paragraph 23 would allow a line item to be combined because it is not needed for a useful structured summary, a superannuation entity presents every relevant line item that AASB 1056 requires. The statement of changes in member benefits is included in that duty.
Why the paragraph exists
This closes the argument that AASB 18 materiality judgement could remove an AASB 1056 line. The AASB 1056 line set survives.
In practice
Start from the AASB 1056 line list, not from last year's statement. Last year's statement may already be missing a line that was combined for space, and the mapping is where that is caught.
Mark each line presented, combined or not applicable. A not applicable row needs the reason; a blank row is not a decision.
The mistake to avoid
The common mistake is to read the paragraph as a ban on combining any line, when it permits combination only where the AASB 1056 line does not apply.
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: present every relevant aasb 1056 line item in the primary statements.
- Open a workpaper for the first evidence item: A line item mapping from AASB 1056 to each primary statement, marked presented, combined or not applicable with the reason.
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 18 paragraphs 23 and B8
- AASB 1056 paragraph 11
- AASB 18 paragraph AusB8.1
Record note
Not applicable is a legitimate outcome where the AASB 1056 line does not apply to the entity. A combined line justified only by materiality is not.
Questions
What does AASB 18 paragraph Aus23.1 require in practice?
Start from the AASB 1056 line list, not from last year's statement. Last year's statement may already be missing a line that was combined for space, and the mapping is where that is caught.
What is the common mistake under AASB 18 paragraph Aus23.1?
The common mistake is to read the paragraph as a ban on combining any line, when it permits combination only where the AASB 1056 line does not apply.
What evidence should be kept?
At least: A line item mapping from AASB 1056 to each primary statement, marked presented, combined or not applicable with the reason.; The statement of changes in member benefits as presented, with a tie to the trial balance. 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 18 paragraph Aus23.1. Record retrieved 2026-10-20.