Examlex
________ occurs when one party does not say something about certain facts that he is under an obligation to reveal.
Superannuation Fund
A superannuation fund is a pension program created by a company for the benefit of its employees, primarily practiced in Australia.
Legal Obligation
A duty that is legally enforceable because it arises out of a contract or legal requirement.
Defined Benefit Obligation
A company's liability to pay its employees' retirement benefits, calculated based on factors like salary histories and years of service.
Current Period
Refers to the present accounting period under consideration, usually a fiscal quarter or year.
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