Guidance for superannuation entities

Guidance for superannuation entities applying new Accounting Standard AASB 1056 Superannuation Entities for the first time

AASB 1056 Superannuation Entities is a new accounting standard to replace its long standing predecessor AAS 25 Financial Reporting by Superannuation Plans.

AASB 1056 applies for the first time to 30 June 2017 financial years. It applies to superannuation entities regulated under:

  • The Superannuation Industry (Supervision) Act 1993
  • Similar legislative requirements, in the case of exempt public sector plans, and
  • Approved Deposit Funds (ADFs).


The Australian Accounting Standards Board (AASB) has produced guidance on this topic, including frequently asked questions (FAQs).

CPA Australia has also produced a Fact Sheet on this topic.