The ASB approved an Exposure Draft (ED) with limited scope amendments to the proposed Standard of GRAP on Social Benefits at its July 2025 meeting. The ED proposes to amend the impact of the verification of substantive ongoing eligibility criteria on social benefit liabilities.
This proposed amendment results from the Board identifying a concern with an initial proposal – that the verification of substantive ongoing eligibility criteria impacts the measurement of both types of social benefits, i.e. liabilities for social assistance benefits and social security insurance benefits. The primary reason for the concern is the difference in characteristics of the two types of social benefits.
The new ED – ED 214 – seeks comment on the proposal to amend the requirements so that the verification of substantive ongoing eligibility criteria is considered in measuring social assistance benefit liabilities and is not considered in measuring social security insurance benefit liabilities.
Access ED 214 on the ASB website here. Contact the Secretariat at elizna@asb.co.za to ensure you are invited to upcoming roundtable discussions.
ED 205 finalised
The issuance of ED 214 concludes the Board’s response to the comment received on the initially proposed Standard of GRAP on Social Benefits (ED 205). Access the Board’s responses to comment received on the ASB website here.
Disclaimer
The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.