The Institute has lodged with the AASB its submission on the IFRIC interpretation D 19 “IAS 19 - The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements”. This interpretation proposed amendments to IAS 19 that require any minimum funding requirements to be taken into account when recognizing an Asset or adjusting a Liability, and that they be accounted for in a like manner to other IAS 19 amounts. 
 
The Institute believes that the proposals in D 19 do not have any Regulatory Issues or Impact on the best interests of the Australian economy, as minimum funding requirements do not apply to Australian Superannuation Funds. 
 
A copy of the submission is available for download here.