Document ID: chunk:federal_register_of_legislation:C2025C00125:section:7
Version: federal_register_of_legislation:C2025C00125
Segment Type: section
Provision Reference: s 7
Character Range: 26581–27294

7  Provision for superannuation, long service leave or workers' compensation
  Where, for operating purposes or for limited operating purposes, an institution which has yet to adopt full accrual accounting principles makes provision, not inconsistent with actuarial principles, in the accounts (including the journals and ledgers) of the institution for future or contingent liabilities in respect of superannuation payments, long service leave or workers' compensation, the institution shall be taken, for the purposes of this Act, to have spent the amount of that provision for operating purposes or for limited operating purposes, as the case requires, in respect of the year in which that provision is made.