LEGAL SERVICES COMMISSIONER ANNUAL REPORT 2012

11 Provisions CONTINUED(b) Movements in provisionsMovements in each class of provision during the financial year, other than employee benefits, are set out below:2012 $Opening balance 145,000Unwind of discount and effect of changes in the discount rate 14,325Additional provisions recognised 26,575Carrying amount at end of year 185,9002011 $Opening balance 136,590Unwind of discount and effect of changes in the discount rate (3,442)Additional provisions recognised 11,852Carrying amount at end of year 145,00012 SuperannuationEmployees of the LSC are entitled to receive superannuation benefits and the LSC contributes to both defined benefit anddefined contribution plans. The defined benefit plan(s) provides benefits based on years of service and final average salary.The LSC does not recognise any defined benefit liability in respect of the plan(s) because the entity has no legal orconstructive obligation to pay future benefits relating to its employees; its only obligation is to pay superannuationcontributions as they fall due. The Department of Treasury and Finance discloses the State’s defined benefit liabilities in itsdisclosure for administered items.However, superannuation contributions paid or payable for the reporting period are included as part of employee benefits inthe comprehensive operating statement of the LSC.The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made bythe LSC are as follows:Defined benefit plans:CONTRIBUTION CONTRIBUTION OUTSTANDING OUTSTANDING2012 2011 2012 2011$ $ $ $State Superannuation Fund –revised and new 11,200 18,512 900 2,271Defined contribution plans:Vic Super 276,704 240,861 23,157 38,981Legal Super 62,097 65,783 3,568 10,443Care 13,214 26,292 1,078 2,101Australian Super 41,603 19,035 4,598 6,242MLC Masterkey 19,628 18,226 932 2,809Other Superannuation funds 138,322 121,757 9,296 7,174Total 562,768 510,466 43,529 70,021Legal Services COMMISSIONER Annual Report 2012 71