FAIRFAX MEDIA  LIMITED  2013  71 NOTEs TO THE FINANCIAL sTATEMENTs  1. sUMMARY OF sIGNIFICANT ACCOUNTING POLICIEs (CONTINUED) (iV) deFined BeneFiT PlAnS (Y) ROUNDING OF AMOUNTS (V) ReSTRuCTuRinG And RedundAnCy PRoViSion (Z) NEW ACCOUNTING STANDARDS AND URGENT  ISSUES GROUP(UIG) INTERPRETATIONS (i) CHAnGeS in ACCounTinG PoliCy And  diSCloSuRe (ii) ACCounTinG STAndARdS And inTeRPReTATionS  iSSued BuT noT yeT eFFeCTiVe FAIRFAx MEDIA LIMITED AND CONTROLLED ENTITIES FOR THE PERIOD ENDED 30 JUNE 2013 Various actuarial assumptions are required when  determining the Group’s superannuation plan obligations.  These assumptions and the related carrying amounts are  discussed in Note 21. A provision for restructuring and redundancy has been  disclosed in Note 20 as a result of the Group having a  constructive obligation and a detailed formal plan for  restructuring.  The consolidated entity is of a kind referred to in Class Order  98/0100, as amended by Class Order 04/667, issued by the  Australian Securities and Investments Commission relating  to the “rounding off” of amounts in the financial report.  Amounts in this report have been rounded to the nearest  thousand dollars in accordance with that Class Order, unless  otherwise indicated. As of 25 June 2012, the Group has adopted AASB 2011-9  Amendments to Australian Accounting Standards – AASB 101  Presentation of Items of Other Comprehensive Income. The  adoption resulted in a disclosure change in the Statement of  Comprehensive Income. Certain new accounting standards and interpretations have  been published that are not mandatory for 30 June 2013  reporting periods. The Group’s assessment of the impact of  these new standards and interpretations is as follows: • AASB 10 Consolidated Financial Statements (applicable to  the Group from 1 July 2013)  This standard broadens the situations where an entity  is likely to be considered to control another entity and  includes new guidance for determining control of an entity.  Based on investments held at 30 June 2013 there will be no  impact on the Group. • AASB 11 Joint Arrangements (applicable to the Group  from 1 July 2013)  This standard uses the principle of control in AASB  10 to define joint control and removes the option to  choose to account for jointly controlled entities using the  proportionate consolidation method or the equity method.  This standard will have no impact on the Group. • AASB 2012-3 Amendments to Australian Accounting  Standards – Offsetting Financial Assets and Financial  Liabilities [AASB 132] (applicable to the Group from 30  June 2014); and • AASB 9 Financial Instruments (applicable to the Group  from 29 June 2015). • AASB 2012-2 Amendments to Australian Accounting  Standards – Disclosures – Offsetting Financial Assets and  Financial Liabilities [AASB 7 and AASB 132] (applicable to the  Group from 1 July 2013)  This amendment requires disclosure of the effect or  potential effect of netting arrangements. This amendment  will have no impact on the Group. • AASB 2011-4 Amendments to Australian Accounting  Standards to Remove Individual Key Management  Personnel Disclosure Requirements [AASB 124] (applicable  to the Group from 1 July 2013)  This amendment deletes from AASB 124 individual key  management personnel (KMP) disclosure requirements for  disclosing entities that are not companies. It also removes  the individual KMP disclosure requirements for all disclosing  entities in relation to equity holdings, loans and other  related party transactions. This amendment is not expected  to have a significant impact on the Group. • AASB 119 Employee Benefits (applicable to the Group  from 1 July 2013)  This amendment revises the accounting for defined benefit  plans and changes the definition of short-term employee  benefits. The Group has yet to fully assess the prior year  impact of this amendment. • AASB 13 Fair Value Measurement (applicable to the Group  from 1 July 2013)  The standard establishes a single source of guidance  for determining the fair value of assets and liabilities.  This standard is not expected to have a significant  impact on the Group. • AASB 12 Disclosure of Interests in Other Entities (applicable  to the Group from 1 July 2013)  The standard introduces new disclosures about the  judgements made by management to determine whether  control exists, and to require summarised information about  joint arrangements, associates and structured entities and  subsidiaries with non-controlling interests. This standard is  not expected to have a significant impact on the Group. The Group has yet to fully assess the impact the following  accounting standards and amendments to accounting  standards will have on the financial statements, when applied  in future periods: