PET - Plain English Taxonomy

Label: Superannuation Benefit Liability Members Amount
TREF ID: DE13103
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & 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. 

Usage
Form Labels
Label:
Members Benefit
Label:
Members Benefit
Label:
Guidance:
Liability for members' benefits
Report liability for members’ benefits in respect of a PST in item 23.1. Do not complete item 23.2 and item 23.3 in respect of a PST.
Label:
Guidance:
Liability for members' benefits
For a defined benefit member that has both defined benefit members’ benefits and defined contribution members’ benefits, report the portion that is attributed to that member’s defined benefit members’ benefits in item 5.2 and the portion that is attributed to that member’s defined contribution members’ benefits in item 5.1. Report current values of members’ benefits where available; otherwise, where the last triennial review has been adopted in accordance with Australian Accounting Standards, report the value of a member’s defined benefit members’ benefits and defined contribution members’ benefits in accordance with the last triennial review.
Label:
Accrued default amounts- Members' benefits
Label:
Members benefits
Label:
Members' benefits
Label:
Guidance:
Members' benefits
Report in item 5. Movement detail, the value of member benefits as at the end of the reporting period for new member accounts and as at the date of closure for closed member accounts.
Label:
Members' benefits
Label:
Guidance:
 Liability for members' benefits
All items on SRF 720.0 are required for Australia's National Accounts, which is based on the international standard, the System of National Accounts 2008 (2008 SNA) including the definition of market price. For item 26.1, report net assets available to pay benefits in respect of a PST in column 3 'defined contribution members' benefits'. This represents the beneficial rights of unit holders in the trust as a result of investment in the RSE.
Label:
Guidance:
Liability for members' benefits
For a defined benefit member that has both defined benefit members' benefits and defined contribution members' benefits, report the portion that is attributed to that member's defined benefit members' benefits in item 5.2 and the portion that is attributed to that member's defined contribution members' benefits in item 5.1. Otherwise, where the last triennial review has been adopted in accordance with Australian Accounting Standards, report the value of that member's defined benefit members' benefits and defined contribution members' benefits in accordance with the last triennial review. Report unallocated contributions in item 5.3.