PET - Plain English Taxonomy

Attribute: BSAO22833
Concept:
Label: Members Benefit
Concept Guidance:
This is the value, as at the relevant date, of liability for members' benefits. This represents the present obligation to beneficiaries for benefits they are entitled to receive in the future as a result of membership of the Registrable Superannuation Entity in accordance with the relevant accounting standards. 
Dimensions
Dimension Member Description
(MinimumBenefit)
This dimension categorises the reported data according to information based on the type of benefit applicable.
The reported information relates to a member's minimum benefit that is required to be paid.
(DefinedBenefit)
This dimension classifies information based on the members' interest type.
The information reported relates to members' interest classified as defined benefit interest or a defined benefit pension. This represents interests that are pre defined based on a formula using factors such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company.