Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p42
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 126796–129987

the basis of a contractual agreement or stated policy for charging the net defined benefit cost or based on their contributions payable for the period (see paragraph 41 of AASB 119), shall, in its separate financial statements, describe the contractual agreement or stated policy for charging the net defined benefit cost or the fact that there is no such policy, and the policy for determining the contributions to be paid by the entity and shall make the disclosures in (a)–(h) for the plan as a whole. The subsidiary can disclose this information by cross-reference to disclosures in another group entity's financial statements if:

           1.                     that group entity's financial statements separately identify and disclose the information required about the plan; and
           2.                     that group entity's financial statements are available to users of the financial statements on the same terms as the financial statements of the entity and at the same time as, or earlier than, the financial statements of the entity.
          [Based on IFRS for SMEs Standard paragraph 28.41]

Disclosures about termination benefits
      1.                  For each category of termination benefits that an entity provides to its employees, the entity shall disclose the nature of the benefit, the amount of its obligation and the extent of funding at the reporting date. [IFRS for SMEs Standard paragraph 28.43]
      2.                  When there is uncertainty about the number of employees who will accept an offer of termination benefits, a contingent liability exists. The section covering Provisions and Contingencies requires an entity to disclose information about its contingent liabilities unless the possibility of an outflow in settlement is remote. [IFRS for SMEs Standard paragraph 28.44]

Income Tax[27]
      1.                  An entity shall disclose information that enables users of its financial statements to evaluate the nature and financial effect of the current and deferred tax consequences of recognised transactions and other events (including enactment or substantive enactment of tax rates and tax laws, such as Pillar Two legislation).[27A] [Based on IFRS for SMEs Standard paragraph 29.38]
      2.                  An entity shall disclose separately the major components of tax expense (income). Such components of tax expense (income) may include:
           1.                    current tax expense (income);
           2.                    any adjustments recognised in the period for current tax of prior periods;
           3.                    the amount of deferred tax expense (income) relating to the origination and reversal of temporary differences;
           4.                    the amount of deferred tax expense (income) relating to changes in tax rates or the imposition of new taxes;
           5.                    the amount of the benefit arising from a previously unrecognised tax loss, tax credit or temporary difference of a prior period that is used to reduce tax expense;
           6.                     adjustments to deferred tax expense (income) arising from a change in the tax status of the