Register / AASB 18 Presentation and Disclosure in Financial Statements / AASB 18 paragraph Aus78.1
Classify superannuation expenses under AASB 1056, not AASB 18
The entity classifies and presents expenses in line with AASB 1056. It does not apply the AASB 18 paragraph 78 requirement or the nature and function guidance in paragraphs B80 to B82.
Why the paragraph exists
Expense presentation is where the two standards collide most visibly. The superannuation answer is the AASB 1056 answer.
In practice
Map the ledger expense categories to the AASB 1056 presentation before the note is drafted. The mapping is also the test that no expense sits in a line the standard does not use.
The AASB 1056 basis is not a free choice of expense labels. Use the categories the standard names, and keep the mapping with the note.
The mistake to avoid
The common mistake is to keep the AASB 18 nature and function analysis in the file as if it still governed the answer.
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: classify superannuation expenses under aasb 1056, not aasb 18.
- Open a workpaper for the first evidence item: The expense note with the AASB 1056 classification and a mapping from the ledger expense categories.
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 78 and B80 to B82
- AASB 1056 expense presentation requirements
Record note
The paragraph does not create a new expense note. It points to the AASB 1056 basis.
Questions
What does AASB 18 paragraph Aus78.1 require in practice?
Map the ledger expense categories to the AASB 1056 presentation before the note is drafted. The mapping is also the test that no expense sits in a line the standard does not use.
What is the common mistake under AASB 18 paragraph Aus78.1?
The common mistake is to keep the AASB 18 nature and function analysis in the file as if it still governed the answer.
What evidence should be kept?
At least: The expense note with the AASB 1056 classification and a mapping from the ledger expense categories.; The accounting policy note on expense presentation. 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 Aus78.1. Record retrieved 2026-10-20.