A defined contribution superannuation plan is one in which:

Select one:

a.

The benefits paid out by the plan are based on the average salary of an employee over a period of years as a reflection of the employee's contribution to the employer.

b.

The benefits paid out by the plan depend on the contributions made to the plan and the earnings of that plan.

c.

The contributions to the plan are only paid out to members on retirement.

d.

The contributions are defined by the amount needed to pay out benefits to the members at a specified level on retirement.

Under AASB 138 Intangible Assets, an intangible asset with an indefinite useful life is:

Select one:

a.

Is not subject to annual amortization charges

b.

Is amortized using the straight-line method over a period of no more than 20 years

c.

Is amortized using the reducing balance method over a period not exceeding 5 years.

d.

Is not able to be recognized as an asset.