Register / AASB 18 Presentation and Disclosure in Financial Statements / AASB 18 paragraph AusB8.1
Keep the AASB 1056 line items against the B8 guidance
The application guidance in paragraph B8, which allows a required line item to be omitted from a primary statement when it is not needed for a useful structured summary, does not displace the AASB 1056 line set. The entity presents every relevant AASB 1056 line, including in the statement of changes in member benefits.
Why the paragraph exists
Aus23.1 states the rule and this paragraph states it again in the application guidance, which is where the B8 argument is usually made.
In practice
This paragraph repeats the line item duty in the application guidance, which is where a preparer may argue paragraph B8. Keep the B8 argument in the file only where a line is genuinely not relevant, and do not use it to shorten the statement.
The member benefits statement is the line set most often shortened. Check it against AASB 1056 paragraph 11 line by line.
The mistake to avoid
The common mistake is to treat paragraph B8 as a materiality override when this paragraph says the opposite for these entities.
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: keep the aasb 1056 line items against the b8 guidance.
- Open a workpaper for the first evidence item: The line item mapping required by Aus23.1, with the B8 argument recorded as considered and rejected where a line is relevant.
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, B8 and Aus23.1
Record note
This paragraph is consistent with Aus23.1 and does not add a separate test.
Questions
What does AASB 18 paragraph AusB8.1 require in practice?
This paragraph repeats the line item duty in the application guidance, which is where a preparer may argue paragraph B8. Keep the B8 argument in the file only where a line is genuinely not relevant, and do not use it to shorten the statement.
What is the common mistake under AASB 18 paragraph AusB8.1?
The common mistake is to treat paragraph B8 as a materiality override when this paragraph says the opposite for these entities.
What evidence should be kept?
At least: The line item mapping required by Aus23.1, with the B8 argument recorded as considered and rejected where a line is relevant. 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 AusB8.1. Record retrieved 2026-10-20.