{"id":"F2005L02215","name":"Financial Sector (Collection of Data) determination No. 52 of 2005","slug":"financial-sector-collection-of-data-determination-no-52-of-2005","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":36541,"registerId":"commonwealth-F2005L02215-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard SRS 210.0 (2005)","sectionType":"part","heading":"Reporting Standard SRS 210.0 (2005)","content":"## Reporting Standard SRS 210.0 (2005)","sortOrder":0},{"sectionNumber":"Statement of Financial Position","sectionType":"part","heading":"Statement of Financial Position","content":"# Statement of Financial Position\n\n### Objective of this reporting standard\n\nThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a superannuation entity[\\[1\\]](#_ftn1) to give APRA, on an annual basis, a statement of the entity’s financial position.\n\nThis reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:\n\n-   Form SRF 210.0 Statement of Financial Position (Form SRF 210.0) and the instructions to that form; and\n-   the Annual Reporting Requirements and General Instruction Guide\n\nwhich are attached and form part of this reporting standard.\n\n# Purpose\n\n1.  Data collected in Form SRF 210.0 is used by APRA for the purpose of prudential supervision.\n\n# Application and commencement\n\n2. This reporting standard will apply, from the date of registration of the reporting standard on the Federal Register of Legislative Instruments, to each trustee of a relevant registered superannuation entity, as defined by paragraph 3.\n\n3. A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was not:\n\n(a) a small APRA fund;\n\n(b) a self managed superannuation fund; or\n\n(c) a single member approved deposit fund.\n\nNote: Part 2B of the SIS Act makes provision for the registration of superannuation entities. However, although it is expected that most superannuation entities covered by this reporting standard will become registered under Part 2B, either during or after the licensing transition period referred to in the SIS Act, it is not a requirement of the definition of ‘relevant registered superannuation entity’ that a superannuation entity actually be registered under Part 2B. A superannuation entity will be a ‘relevant registered superannuation entity’ if it meets the definition in paragraph 3 of this reporting standard, even if it has not been registered under Part 2B. This note is inserted for the avoidance of doubt.\n\n# Information required\n\n4. The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 210.0, in respect of the entity, for each reporting period.\n\n5. For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.\n\n# Forms and method of submission\n\n6. The information required by this reporting standard must be given to APRA by the trustee of a relevant registered superannuation entity either:\n\n(a) where subparagraph (b) does not apply:\n\n(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or\n\n(ii) by manually completing Form SRF 210.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or\n\n(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:\n\n(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or\n\n(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing Form SRF 210.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.\n\nNote: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.\n\nNote: See paragraphs 12, 13 and 14 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).\n\nReporting periods and due dates\n\n7. Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the SIS Act) of the entity.\n\nNote: Under section 113 of the SIS Act there will be a requirement for the information to be audited, together with annual information required under other reporting standards.\n\n8. APRA may, by notice in writing change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information required by this reporting standard in respect of the entity:\n\n(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or\n\n(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision, APRA considers it unnecessary to require it to provide the information on an annual basis).\n\n9. Information required by this reporting standard must be provided to APRA within 4 months after the end of the reporting period to which it relates.\n\nNote: The trustee must also give APRA an audit report relating to the information, and to annual information required under other reporting standards, within this time (see section 36 of the SIS Act).\n\n10. APRA may grant a trustee an extension of a due date in writing in which case the new due date for the provision of the information will be the date on the notice of extension.\n\n# Quality control\n\n11. The information provided by a trustee under this reporting standard must be the product of processes and controls that have been reviewed and tested by the auditor of the insurer. This will require the auditor to review and test the systems, processes and controls supporting the reporting of the information to ensure that they produce accurate data and are otherwise reliable. This review and testing must be done on an annual basis or more frequently if necessary to enable the auditor to form an opinion on the accuracy and reliability of the data.\n\n12. The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n# Authorisation\n\n13. If the trustee of a relevant registered superannuation entity provides the information required by this reporting standard under subparagraph 6(a), then:\n\n(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and\n\n(b) if the trustee provides the information on paper under sub-subparagraph 6(a)(ii), the completed form must be signed by an officer of the trustee who is authorised by the trustee to complete and lodge the form.\n\n14. If the trustee of a relevant registered superannuation entity provides the information required by this reporting standard through an agent under subparagraph 6(b), then:\n\n(a) the agent will not be required to sign or authorise the information; but\n\n(b) the trustee must:\n\n(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was provided under subparagraph 6(b)(i) or (ii)); and\n\n(ii) cause the paper copy to be signed by an officer of the trustee authorised by the trustee to sign the paper copy; and\n\n(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date (unless APRA, in writing, determines to waive the requirement under this sub-subparagraph, in relation to the trustee, or a class of trustees of which the trustee is a member, or all trustees).\n\nNote: APRA may, for example, determine to waive the requirement under sub-subparagraph 14(b)(iii) where a trustee has undertaken to retain the signed copy of the completed form for an agreed period of time.\n\n#   \nMinor alterations to form and instructions\n\n15. APRA may make minor variations to:\n\n> (a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n16. If APRA makes such a variation it must notify trustees of relevant registered superannuation entities in writing.\n\nTransitional\n\n17. If a reporting period of a relevant registered superannuation entity ended on 30 June 2005, or ends after that date, the trustee of the entity must report under this reporting standard in relation to the entity in respect of that reporting period.\n\nInterpretation\n\n18. In this reporting standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\ndue date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.\n\nofficer in relation to a trustee of a relevant registered superannuation entity means:\n\n(a) if the trustee is a corporation – a director or officer of that corporation;\n\n(b) if the trustee is a natural person – that person; or\n\n(c) if two or more natural persons are trustees of the entity – one of those persons.\n\nregulated superannuation fund has the meaning given by section 19 of the SIS Act.\n\nrelevant registered superannuation entity has the meaning given by paragraph 3 of this reporting standard.\n\nreporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 8.\n\nself managed superannuation fund has the meaning given by section 17A of the SIS Act.\n\nsingle-member approved deposit fund means an approved deposit fund (within the meaning of subsection 10(1) of the SIS Act) that has only one member.\n\nSIS Act means the Superannuation Industry (Supervision) Act 1993.\n\nsmall APRA fund means a regulated superannuation fund that has fewer than 5 members and is regulated by APRA under the SIS Act.\n\nsuperannuation entity has the meaning given by subsection 10(1) of the SIS Act.\n\nNote: Subsection 10(1) of the SIS Act provides that superannuation entity means a regulated superannuation fund, or an approved deposit fund, or a pooled superannuation trust (as defined in the SIS Act).","sortOrder":1},{"sectionNumber":"Objective of this reporting standard","sectionType":"division","heading":"Objective of this reporting standard","content":"### Objective of this reporting standard\n\nThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a superannuation entity[\\[1\\]](#_ftn1) to give APRA, on an annual basis, a statement of the entity’s financial position.\n\nThis reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:\n\n-   Form SRF 210.0 Statement of Financial Position (Form SRF 210.0) and the instructions to that form; and\n-   the Annual Reporting Requirements and General Instruction Guide\n\nwhich are attached and form part of this reporting standard.","sortOrder":2},{"sectionNumber":"Purpose","sectionType":"part","heading":"Purpose","content":"# Purpose\n\n1.  Data collected in Form SRF 210.0 is used by APRA for the purpose of prudential supervision.","sortOrder":3},{"sectionNumber":"Application and commencement","sectionType":"part","heading":"Application and commencement","content":"# Application and commencement\n\n2. This reporting standard will apply, from the date of registration of the reporting standard on the Federal Register of Legislative Instruments, to each trustee of a relevant registered superannuation entity, as defined by paragraph 3.\n\n3. A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was not:\n\n(a) a small APRA fund;\n\n(b) a self managed superannuation fund; or\n\n(c) a single member approved deposit fund.\n\nNote: Part 2B of the SIS Act makes provision for the registration of superannuation entities. However, although it is expected that most superannuation entities covered by this reporting standard will become registered under Part 2B, either during or after the licensing transition period referred to in the SIS Act, it is not a requirement of the definition of ‘relevant registered superannuation entity’ that a superannuation entity actually be registered under Part 2B. A superannuation entity will be a ‘relevant registered superannuation entity’ if it meets the definition in paragraph 3 of this reporting standard, even if it has not been registered under Part 2B. This note is inserted for the avoidance of doubt.","sortOrder":4},{"sectionNumber":"Information required","sectionType":"part","heading":"Information required","content":"# Information required\n\n4. The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 210.0, in respect of the entity, for each reporting period.\n\n5. For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.","sortOrder":5},{"sectionNumber":"Forms and method of submission","sectionType":"part","heading":"Forms and method of submission","content":"# Forms and method of submission\n\n6. The information required by this reporting standard must be given to APRA by the trustee of a relevant registered superannuation entity either:\n\n(a) where subparagraph (b) does not apply:\n\n(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or\n\n(ii) by manually completing Form SRF 210.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or\n\n(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:\n\n(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or\n\n(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing Form SRF 210.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.\n\nNote: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.\n\nNote: See paragraphs 12, 13 and 14 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).\n\nReporting periods and due dates\n\n7. Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the SIS Act) of the entity.\n\nNote: Under section 113 of the SIS Act there will be a requirement for the information to be audited, together with annual information required under other reporting standards.\n\n8. APRA may, by notice in writing change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information required by this reporting standard in respect of the entity:\n\n(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or\n\n(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision, APRA considers it unnecessary to require it to provide the information on an annual basis).\n\n9. Information required by this reporting standard must be provided to APRA within 4 months after the end of the reporting period to which it relates.\n\nNote: The trustee must also give APRA an audit report relating to the information, and to annual information required under other reporting standards, within this time (see section 36 of the SIS Act).\n\n10. APRA may grant a trustee an extension of a due date in writing in which case the new due date for the provision of the information will be the date on the notice of extension.","sortOrder":6},{"sectionNumber":"Quality control","sectionType":"part","heading":"Quality control","content":"# Quality control\n\n11. The information provided by a trustee under this reporting standard must be the product of processes and controls that have been reviewed and tested by the auditor of the insurer. This will require the auditor to review and test the systems, processes and controls supporting the reporting of the information to ensure that they produce accurate data and are otherwise reliable. This review and testing must be done on an annual basis or more frequently if necessary to enable the auditor to form an opinion on the accuracy and reliability of the data.\n\n12. The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.","sortOrder":7},{"sectionNumber":"Authorisation","sectionType":"part","heading":"Authorisation","content":"# Authorisation\n\n13. If the trustee of a relevant registered superannuation entity provides the information required by this reporting standard under subparagraph 6(a), then:\n\n(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and\n\n(b) if the trustee provides the information on paper under sub-subparagraph 6(a)(ii), the completed form must be signed by an officer of the trustee who is authorised by the trustee to complete and lodge the form.\n\n14. If the trustee of a relevant registered superannuation entity provides the information required by this reporting standard through an agent under subparagraph 6(b), then:\n\n(a) the agent will not be required to sign or authorise the information; but\n\n(b) the trustee must:\n\n(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was provided under subparagraph 6(b)(i) or (ii)); and\n\n(ii) cause the paper copy to be signed by an officer of the trustee authorised by the trustee to sign the paper copy; and\n\n(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date (unless APRA, in writing, determines to waive the requirement under this sub-subparagraph, in relation to the trustee, or a class of trustees of which the trustee is a member, or all trustees).\n\nNote: APRA may, for example, determine to waive the requirement under sub-subparagraph 14(b)(iii) where a trustee has undertaken to retain the signed copy of the completed form for an agreed period of time.","sortOrder":8},{"sectionNumber":"Minor alterations to form and instructio","sectionType":"part","heading":"Minor alterations to form and instructions","content":"#   \nMinor alterations to form and instructions\n\n15. APRA may make minor variations to:\n\n> (a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n16. If APRA makes such a variation it must notify trustees of relevant registered superannuation entities in writing.\n\nTransitional\n\n17. If a reporting period of a relevant registered superannuation entity ended on 30 June 2005, or ends after that date, the trustee of the entity must report under this reporting standard in relation to the entity in respect of that reporting period.\n\nInterpretation\n\n18. In this reporting standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\ndue date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.\n\nofficer in relation to a trustee of a relevant registered superannuation entity means:\n\n(a) if the trustee is a corporation – a director or officer of that corporation;\n\n(b) if the trustee is a natural person – that person; or\n\n(c) if two or more natural persons are trustees of the entity – one of those persons.\n\nregulated superannuation fund has the meaning given by section 19 of the SIS Act.\n\nrelevant registered superannuation entity has the meaning given by paragraph 3 of this reporting standard.\n\nreporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 8.\n\nself managed superannuation fund has the meaning given by section 17A of the SIS Act.\n\nsingle-member approved deposit fund means an approved deposit fund (within the meaning of subsection 10(1) of the SIS Act) that has only one member.\n\nSIS Act means the Superannuation Industry (Supervision) Act 1993.\n\nsmall APRA fund means a regulated superannuation fund that has fewer than 5 members and is regulated by APRA under the SIS Act.\n\nsuperannuation entity has the meaning given by subsection 10(1) of the SIS Act.\n\nNote: Subsection 10(1) of the SIS Act provides that superannuation entity means a regulated superannuation fund, or an approved deposit fund, or a pooled superannuation trust (as defined in the SIS Act).","sortOrder":9},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nCompletion of SRF 210.0 Statement of Financial Position\n\nThis form must be completed on an annual basis by all trustees of APRA-regulated superannuation entities, excluding Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).\n\n(Trustees of those superannuation entities with total assets of at least $50m, at the end of their most recent year of income, that are required to complete SRF 110.0 Statement of Financial Position on a quarterly basis must also complete this form on an annual basis.)\n\nIf a trustee of a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the quarterly return.\n\nNote: All forms included in the SRF 200 series should be submitted together as an annual return, not individually as separate forms.\n\n###","sortOrder":10},{"sectionNumber":"Assets","sectionType":"subdivision","heading":"Assets","content":"#### Assets\n\nAssets are to be measured at net market value.\n\n1.  Securities purchased under agreements to resell\n\nThis refers to the situation where the superannuation entity buys/borrows securities from another party in exchange for cash. The superannuation entity agrees to return the securities to the other party in the future in exchange for the return of the cash (plus interest). Where the transferee of the securities effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying securities effectively remain with the counterparty as transferor), these transactions are to be accounted for as collateralised lending activities (on-balance sheet exposures).\n\nUnder this method of accounting, the following treatment is to be applied:\n\n-   The asset account termed “Securities purchased under agreements to resell”, represents the receivable due from counterparties from whom the securities have been borrowed and with whom cash has been lodged.\n-   The superannuation entity’s securities investments recorded on the statement of financial position are not increased by the securities subject to this agreement.\n\nSecurities sold under agreements to repurchase should be recorded under item 7.1 below.\n\n2. Receivables\n\n2.1. Total investment income receivable\n\nReport the total of all investment income that is receivable by the superannuation entity. Includes (but is not limited to): Interest, dividends, unit trust distributions, and rental income that is accrued but not yet received. Do not include receivables relating to sales of investments or outstanding fees which are reported in item 2.8 ‘Other receivables’.\n\n2.2. Provision for doubtful debts\n\nRecord the amount of any provision for bad and doubtful debts that relates to the receivables recorded in item 2.1 above.\n\nDoubtful debt means it is no longer considered probable that amounts of accrued investment income (e.g. interest, dividends, distributions associated with the investment/asset) will be able to be collected by the superannuation entity.\n\n2.3. Total investment income receivable net of provision for doubtful debts\n\nRepresents item 2.1 less item 2.2.\n\n2.4. Member contributions receivable\n\nInclude contributions receivable (i.e. due but not received) from members as at end of the financial year, to the extend known. For further guidance as to what is included in ‘member’ contributions refer to the instructions for SRF 200.0 Statement of Financial Performance, in particular item 1.2 of that form.\n\n2.5. Employer contributions receivable\n\nInclude contributions from employers which are receivable in respect of the reporting period (i.e. due but not received) by the superannuation entity, where known by the superannuation entity. For further guidance as to what is included in ‘employer’ contributions (including Superannuation Guarantee Contributions, award contributions, voluntary employer contributions, and salary sacrifice contributions) refer to the instructions for SRF 200.0 Statement of Financial Performance, in particular item 1.1 of that form. Superannuation entities for public sector employees please read item 2.6 below before completing this item.\n\n2.6. Contributions receivable from the Government\n\nRecord amounts receivable from Commonwealth and State Governments in respect of recognised unfunded liabilities to superannuation entities for public sector employees. Contributions receivable from the government in respect of the reporting period, where these related to a fully funded superannuation entity for public sector employees, should be included under item 2.5 above.\n\n2.7. Insurance proceeds receivable\n\nReport proceeds receivable on insurance claims that have been made/accepted by the insurer during the reporting period, but are not yet received from the insurer as at the end of the reporting period. Amounts should only be reported here when they are recognised for accounting purposes under current Australian Accounting Standards.\n\nIf a superannuation entity has insurance proceeds receivable under item 2.7, it should also report insurance proceeds income and/or insurance premiums expense in SRF 200.0 Statement of Financial Performance item 6.3 ‘Total proceeds on insurance policies’ and SRF 200.0 Statement of Financial Position item 7 ‘Members death and/or disability insurance premiums expense’ respectively.\n\n2.8. Other receivables & other assets (please provide details in table 1 below):\n\nReport in Table 1 details, including a description and amount, for any other receivables of the superannuation entity not specifically reported in the items listed above in the form. Includes (but is not limited to):\n\n-   Prepayments;\n-   other assets not held for investment purposes (e.g. fixed assets);\n-   receivables relating to sales of investments where the monies have not yet been received;\n-   outstanding fees; and\n-   refundable GST.\n\n2.9. Total receivables and other assets\n\nRepresents the sum of items 2.3 to 2.8.","sortOrder":12},{"sectionNumber":"3.0","sectionType":"part","heading":"Investments","content":"# 3.0 Investments\n\nNet market value\n\n-   In the “Total Net Market Value” column for items 3.1 to 3.9, report the net market value of local investments in Australian Dollars, and of investments in foreign currencies converted into Australian Dollars.\n-   In the “Net Market Value in Australia” column for items 3.1 to 3.9, report the net market value of investments whose source currency is Australian Dollars (i.e. the investment does not have exposure to foreign currency gains/losses in converting the value into Australian currency).\n\nBoth of the above columns should be completed as appropriate.\n\nItems 3.1 to 3.5 relate to investments that are directly held by the superannuation entity as part of the internal investment management of the superannuation entity and do not include underlying assets/investments that are held with external investment managers EXCEPT that investments of the superannuation entity that are held as part of an external individually managed mandate/portfolio are to be reported in this section in accordance with the nature of the underlying investments i.e. a look-through basis is required. Where the superannuation entity’s investments are held by a custodian on behalf of the entity, the investments held by the custodian are treated as the investments of the superannuation entity and should be classified as direct or indirect investments according to the criteria above.\n\nInvestments of the superannuation entity that are held with external investment managers (other than through individually managed mandates) are to be reported in item 3.6.\n\nInvestments outside Australia are investments which are managed by an investment manager who does not have an Australian operation, and the contract to manage the investment is not with an Australian resident manager.\n\nInvestments directly held by the superannuation entity","sortOrder":13},{"sectionNumber":"3.1. Deposits, placements, loans and deb","sectionType":"part","heading":"3.1. Deposits, placements, loans and debt securities","content":"# 3.1. Deposits, placements, loans and debt securities\n\nReport the net market value of investments in the form of placements, deposits and loans (including secured and unsecured, invested at call including 11am, money market or term basis), as well as holdings of debt securities.\n\n  \nImportant!\n\nTotal of item 3.1 should agree to SRF 210.1 Selected Disclosure of Investments “Part A: Deposits, placements, loans and debt securities” item 3 ‘Total value of deposits, placements, loans and securities’. Item 3 must be equal to the sum of the ‘Internally managed’ (“in-house”) column plus the ‘Externally managed mandates’ column for both Part A item 1 ‘Total deposits, placements and loans’ and Part A item 2 ‘Total debt securities’.\n\nExclude\n\n-   The value of interest rate related derivative contracts. These are to be disclosed separately in item 3.4. ‘Direct holdings of derivative financial instruments” (where the exposure represents a net gain to the superannuation entity) or in item 6 ‘Direct holdings of derivative financial instruments’ (where the exposure represents a net loss).\n\n3.1.1. Deposits\n\nReport cash and deposits with organisations issued with an Australian Banking Authority and amounts placed with short term and other money market corporations, permanent building societies etc.\n\n3.1.2. Placements, loans and debt securities\n\nReport the net market value of these investments including (but not limited to):\n\n-   placements, loans with, and debt securities issued by Individuals, Unlisted private incorporated entities, and Unlisted private unincorporated entities (including unlisted private trusts) and other placements, loans and debt securities;\n-   Short term debt securities (e.g. bills of exchange ,certificates of deposit, commercial paper, promissory notes); and\n-   Long term debt securities (e.g. Treasury Bonds, securitised instruments).\n\nExclude\n\nDeposits issued by Authorised Deposit Taking Institutions. These should be included at item 3.1.1.\n\nImportant!\n\nThe sum of SRF 210.0 Statement of Financial Position item 3.1.1 ‘Deposits’ column ‘Total Net Market Value’ PLUS SRF 210.0 Statement of Financial Position item 3.1.2 column ‘Total Net Market Value’\n\nSHOULD EQUAL\n\nSRF 210.1 Selected Disclosure of Investments Part A item 3 ‘Total net market value of deposits, placements, loans and securities’ column ‘Total Net Market Value – Internally managed’ PLUS\n\nSRF 210.1 Selected Disclosure of Investments Part A item 3 column ‘Total Net Market Value – Externally managed mandates’","sortOrder":14},{"sectionNumber":"3.2. Equity securities of listed corpora","sectionType":"part","heading":"3.2. Equity securities of listed corporations and units in listed unit trusts","content":"# 3.2. Equity securities of listed corporations and units in listed unit trusts\n\nReport the net market value of the superannuation entity’s direct holdings of equity securities (i.e. shares) of listed corporations and units in listed unit trusts on all exchanges.\n\nExclude\n\n-   Investment in unlisted retail/public offer cash management unit trusts. These are to be reported under item 3.6.4;\n-   Equity related derivative contracts. These are to be disclosed separately under the item 3.4 or item 6 “Derivative financial instruments”; and\n-   Investments in PSTs. These are disclosed separately under item 3.6.1 ‘Pooled super trusts’.","sortOrder":15},{"sectionNumber":"3.3. Equity securities of unlisted corpo","sectionType":"part","heading":"3.3. Equity securities of unlisted corporations, units in unlisted private trusts and interests in ventures","content":"# 3.3. Equity securities of unlisted corporations, units in unlisted private trusts and interests in ventures\n\nReport the net market value of the superannuation entity’s investment in equity securities (e.g. shares) of unlisted corporations, units in unlisted private unit trusts and venture operations.\n\nImportant!\n\nSRF 210.0 Statement of Financial Position item 3.3 should equal the sum of:\n\n-   SRF 210.1 Selected Disclosure of Investments Part B (i) ‘Total Net Market Value of Investments Attributable to ‘Internal’ Management’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part B (ii) ‘Total Net Market Value of Investment Attributable to ‘External’ Individually Managed Mandates’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part D (i) ‘Total Net Market Value of Investments Attributable to ‘Internal’ Management’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part D (ii) ‘Total Net Market Value of Investment Attributable to ‘External’ Individually Managed Mandates’.\n\n  \nExclude\n\n-   Investments in PSTs. These are disclosed separately under item 3.6.1 ‘Pooled super trusts’.","sortOrder":16},{"sectionNumber":"3.4. Derivatives financial instruments","sectionType":"part","heading":"3.4. Derivatives financial instruments","content":"# 3.4. Derivatives financial instruments\n\nReport the net market value of derivatives exposures of the superannuation entity that are reported in SRF 210.2 Derivative Financial Instruments, item 3 where the net market value of the exposure represents a net gain to the superannuation entity. This only relates to derivative financial instruments that are directly held and managed by the superannuation entity (i.e. transacted as part of ‘internal’ investment management).\n\nExclude\n\n-   The aggregate net market value of derivatives exposure where this represents a net loss to the superannuation entity. This is to be reported under ‘Liabilities’ in item 6 ‘Direct holdings of derivative financial instruments’; and\n\n-   Derivative investments held through an external individually managed mandate/portfolio or discretely managed portfolio (i.e. for this item, the superannuation entity is not required to look through the portfolio to the underlying investments to ascertain the derivatives exposure). Derivatives in externally individually managed mandates must be shown in item 3.8 ‘Other investments’.\n\nImportant!\n\nThe net position of item 3.4 and item 6 on SRF 210.0 Statement of Financial Position is required to agree to item 3 ‘Total derivative financial instruments’ on SRF 210.2 Derivative Financial Instruments.","sortOrder":17},{"sectionNumber":"3.5. Property holdings","sectionType":"part","heading":"3.5. Property holdings","content":"# 3.5. Property holdings\n\nReport the total of the superannuation entity’s directly holdings of property investments. For prudential reporting purposes a property investment exists where the investment (earnings and capital value) are dependent on the cash flows generated by the property through sale or rental income.\n\nInclude:\n\n-   Property investments acquired as part of the internal investment management of the superannuation entity; and\n-   Underlying property investments held in the form of an external individually managed mandate/portfolio or discretely managed portfolio.\n\nExclude:\n\n-   Direct investments in property trusts (both listed and unlisted). Investments in listed property trusts are to be reported in item 3.2, and investments in unlisted private property unit trusts are to be reported in item 3.3 and unlisted public offer/retail property unit trusts are to be reported in item 3.6.4.\n\nTotal must agree to “Part E: Property Holdings” item 2 ‘Total property investments’ on SRF 210.1 Selected Disclosure of Investments.\n\nImportant!\n\nSRF 210.0 Statement of Financial Position, item 3.5 should equal the sum of:\n\n-   SRF 210.1 Selected Disclosure of Investments Part E ‘Property’ item 2 ‘Total net market value of property investments’ column ‘Net Market Value – Internally managed’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments PART E ‘Property’ item 2 column ‘Net Market Value – Externally managed mandates’.\n\nInvestments not directly held by the superannuation entity","sortOrder":18},{"sectionNumber":"3.6. Funds placed with investment manage","sectionType":"part","heading":"3.6. Funds placed with investment managers classified into the following:","content":"# 3.6. Funds placed with investment managers classified into the following:\n\n3.6.1. Pooled super trusts\n\nReport the net market value of the superannuation entity’s investment in pooled super trusts.\n\nExclude\n\nUnitised investments with life companies where the original or primary investment is an insurance or investment policy (item 3.6.3).\n\n3.6.2. Wholesale trusts\n\nA wholesale trust is usually only open to institutional investors and has a high entry level. An information memorandum is usually issued rather than a product disclosure statement. Report the net market value of investments in wholesale trusts, other than PSTs (item 3.6.1), listed unit trusts (item 3.2) or unlisted retail/public offer trusts (item 3.6.4).\n\n3.6.3. Investment and/or insurance policies held in statutory fund of life companies\n\nLife insurance business must be conducted through separately accounted ‘statutory funds’ within a life insurer. Report at this item:\n\n-   The value of unit-linked insurance or investment policies regardless of who manages the underlying assets of these policies/products, or how the underlying assets are distributed/invested. If net market value is not available or appropriate (e.g. traditional whole of life policies) use surrender value; and\n-   The net market value of policies in respect of death, total, permanent or temporary disablement.\n\nImportant!\n\nIf investments held by a superannuation entity are reported under item 3.6.3 then these investments are not required to be reported in SRF 210.1 Selected Disclosure of Investments. If you have no investments other than those disclosed under item 3.6.3 then SRF 210.1 Selected Disclosure of Investments can be left blank but is still required to be submitted as part of the superannuation entity's annual return.\n\n3.6.4. Investments in unlisted retail/public offer unit trusts\n\nReport the net market value of the superannuation entity’s investment in unlisted retail/public offer unit trusts. Includes investments in unlisted retail/public offer cash management unit trusts.\n\nExclude\n\nUnits in private trusts (item 3.3) and wholesale trusts (item 3.6.2).\n\nImportant!\n\nSRF 210.0 Statement of Financial Position item 3.6.4 should equal SRF 210.1 Selected Disclosure of Investments Part C item 5 ‘Total net market value of interest in unlisted retail/public offer trusts’ column ‘Net Market Value – Externally managed mandates’.","sortOrder":19},{"sectionNumber":"3.7. Leased assets","sectionType":"part","heading":"3.7. Leased assets","content":"# 3.7. Leased assets\n\nA finance lease over an asset is “a lease under which the lessor effectively transfers to the lessee substantially all the risks and benefits incident to ownership of the leased asset and where legal ownership may eventually be transferred”.\n\nReport the value of assets that are subject to lease arrangements (i.e. finance leases) where the superannuation entity is required by current Australian Accounting Standards to recognise and report assets that are subject to lease arrangements.","sortOrder":20},{"sectionNumber":"3.8. Other investments (please provide d","sectionType":"part","heading":"3.8. Other investments (please provide details in table 2 below)","content":"# 3.8. Other investments (please provide details in table 2 below)\n\nDisclose in Table 2 the net market value of all other investments not separately reported above in items 3.1 to 3.7. Provide a description of the nature and amount of each item listed.\n\nNote that derivative assets held via external individually managed mandates are required to be reported in table 2 under a description of 'derivatives - not directly managed'. If the net or aggregate position is a liability, record the amount as a negative figure.","sortOrder":21},{"sectionNumber":"3.9. Total Investments","sectionType":"part","heading":"3.9. Total Investments","content":"# 3.9. Total Investments\n\nRepresents the sum of all investments reported in items 3.1 to 3.8.","sortOrder":22},{"sectionNumber":"4. Deferred tax assets","sectionType":"part","heading":"4. Deferred tax assets","content":"# 4. Deferred tax assets\n\nDeferred tax assets means the amounts of income taxes recoverable in future reporting periods in respect of:\n\n(a) deductible temporary differences; and\n\n(b) the carry forward of unused tax losses\n\ndetermined in accordance with current Australian Accounting Standards.\n\nImportant!\n\nCurrent tax assets are reported as part of item 8 below.\n\nImportant!\n\nNo adjustments should be made to the tax account balances on the Statement of Financial Position when separating contributions tax from income tax expense. The only adjustments in relation to contributions tax which should be made are to SRF 200.0 Statement of Financial Performance item 20 ‘Income tax expense on net operating performance’","sortOrder":23},{"sectionNumber":"5.0","sectionType":"part","heading":"Total assets","content":"## 5.0 Total assets\n\nRepresents the sum of the following:\n\n1.0. Securities purchased under agreements to resell;\n\n2.9. Total Receivables;\n\n3.9. Total Investments – total of ‘Total Net Market Value’ column only; and\n\n4.0. Deferred tax assets.","sortOrder":24},{"sectionNumber":"Liabilities","sectionType":"subdivision","heading":"Liabilities","content":"Reporting Form SRF 210.0\n\nStatement of Financial Position\n\n# Instruction Guide\n\nCompletion of SRF 210.0 Statement of Financial Position\n\nThis form must be completed on an annual basis by all trustees of APRA-regulated superannuation entities, excluding Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).\n\n(Trustees of those superannuation entities with total assets of at least $50m, at the end of their most recent year of income, that are required to complete SRF 110.0 Statement of Financial Position on a quarterly basis must also complete this form on an annual basis.)\n\nIf a trustee of a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the quarterly return.\n\nNote: All forms included in the SRF 200 series should be submitted together as an annual return, not individually as separate forms.\n\n### \n\n### Purpose\n\nThis form collects specific financial information on the financial position of the superannuation entity. The information reported in this form is important, as it forms part of APRA’s monitoring and analysis framework for individual superannuation entities and the industry.\n\nThis Guide has been prepared to assist in the completion and lodgement of SRF 210.0 Statement of Financial Position. For ease of use, the Guide has been split into three main sections as follows:\n\n-   Lodgement and Validation of and changes to SRF 210.0 Statement of Financial Position;\n-   General guidance – this guidance provides principles that should be applied to all items throughout SRF 210.0 Statement of Financial Position; and\n-   Instruction guide for specific items – this guidance should be applied to the specific items which relate to each superannuation entity.\n\nLodgement and validation of SRF 210.0 Statement of Financial Position\n\nLodgement and authentication codes\n\nThis form must be completed and lodged to APRA by a corporate or natural ‘person’ (trustee director or administrator), and not by the superannuation entity as the entity is not a ‘person’.\n\nOnce SRF 210.0 Statement of Financial Position has been completed and submitted to APRA, an authentication code is generated in D2A from information entered into the form. The authentication code and date submitted appear in the footer of each page of the return (‘return’ equates to all 9 forms). Any change of information entered or resubmission of the return will result in a change to the authentication code. The authentication codes and date submitted should be used by auditors to determine that the four forms audited (SRF 200.0 Statement of Financial Performance, SRF 210.0 Statement of Financial Position, SRF 220.0 Exposure Concentrations and SRF 230.0 Transactions with Related Parties) have been submitted.\n\nThe same authentication code on all the forms lodged will give trustees some 'comfort' that their attestations on SRF 260.0 Trustee Statement relate to the other forms submitted as the return. Different authentication codes should be taken by trustees that their attestations are not consistent with other forms and APRA may take the view that the return has therefore not been signed and authorised by the trustee.\n\nA receipt indicating successful lodgement of the return will be provided via email. There may be a slight delay in a receipt being provided if the submission is made in the last week of October. Do not resubmit your return however, as the receipt will be generated.\n\nValidation and calculation of totals\n\nWhen data is entered into the form, the total balances (in the greyed out cells) will not be calculated automatically. The total items will only calculate when the form is validated. Clicking on the word 'validate' in the top left hand corner of the screen and selecting ‘OK’ will result in the total items being calculated and the validation rules appearing for review.\n\nThere are three types of validation rules as follows:\n\n1.  Warnings: Confirmation rules – this rule requires the user to provide confirmation that the data entered into an item is correct, for example that a negative number is correct and should not be positive. To provide confirmation the user should click the confirm box and provide a brief description in support of the item.\n\nNote: Descriptions entered for warnings may not always appear if the return is validated more than once. There is no need to re-enter the description as D2A has saved this description and the comments will be lodged with the return.\n\n2. Error: Mandatory rules – this indicates an error in an item, for example a description and a value must be included in a table. These errors must be corrected before the return can be lodged.\n\n3. Cross form validations – this also indicates an error and must be corrected before the return can be lodged, for example Totals disclosed in SRF 210.1 Selected Disclosure of Investments must agree with the investments reported in item 3 ‘Investments’ on SRF 210.0 Statement of Financial Position.\n\nChanges to SRF 210.0 Statement of Financial Position\n\nAs detailed above, any change of information entered or resubmission of the return will result in a change to the authentication code. SRF 210.0 Statement of Financial Position is one of the four forms which requires audit, with a copy of the audit report being provided to APRA together with the annual return. If an amendment is made to the return after the audit report relating to the return has been submitted to APRA, then a copy of the amended return must be:\n\n-   Lodged with APRA; and\n-   Forwarded to the auditor of the return. The auditor will then consider the magnitude and significance of the amendment to the returns in order to assess whether the audit report will have to be re-issued.\n\n  \nGeneral Guidance for Completion of SRF 210.0 Statement of Financial Position\n\nPlease read document “Reporting Requirements and General Instruction Guide” before completing this form.\n\nImportant!\n\nUnless otherwise indicated, report all items on the form as positive numbers. SRF 210.0 Statement of Financial Position must not be considered in terms of the double entry accounting method. Positive numbers are required throughout the form, even in relation to a credit entry, to enable the validation calculations to be generated accurately. Liability balances should only be reported as a negative number if a loss has occurred. All negative numbers will have to be confirmed by the user and a description provided in line with the Warnings validation as described above.\n\nImportant!\n\nReport all balances in the tables throughout the form as positive numbers.\n\nImportant!\n\nReport all disclosures rounded to the nearest thousand dollars. Do not use decimal numbers i.e. when dividing the value to obtain a rounded balance to the nearest thousand dollars, ensure that the figure is whole.\n\nImportant!\n\nThere is no materiality limit applied to the disclosure of amounts within SRF 210.0 Statement of Financial Position. All balances must be recorded. ‘Other’ items cannot be omitted based on materiality levels, but must disclose amounts that cannot be shown in the standard classifications. Each superannuation entity should use its own judgement in grouping items into meaningful categories.\n\nImportant!\n\nThe amounts disclosed within SRF 210.0 Statement of Financial Position should be reconcilable with the balances disclosed within the superannuation entities’ trial balance and/or financial statements prepared under AAS25.\n\nZeros are not required where there is no dollar value for an item. If there is no balance for an item, leave it blank, as D2A recognises blanks as zeros.\n\nBasis of accounting (cash vs. accruals)\n\nItems on this form should be reported on a basis consistent with the accounting treatment (cash or accruals basis) adopted by the superannuation entity. APRA would ordinarily expect that regulated superannuation entities are ‘reporting entities’, and will therefore apply an accruals basis, in accordance with the requirements of current Australian Accounting Standards and the guidance in APRA Superannuation Circular No. V.A.2.\n\nFor example, where a receivable or payable is recognised at period end under the entity’s accounting policy, the cash amount received or paid during the period should be adjusted by adding the receivable/payable amount at the end of the current period and subtracting the receivable/payable amount at the end of the previous year.\n\nImportant!\n\nOnce selected, the basis of accounting used must be consistent for all 4 quarterly returns (where the entity is required to lodge these) and the corresponding annual return.\n\nNetting off of amounts\n\nUnless otherwise specifically stated, institutions are required to disclose data on a gross basis, with no netting, even where the institutions comply with the prerequisites for netting outlined in current Australian Accounting Standards. For example:\n\n-   contributions should be reported before deducting contributions tax, entry fees, deferred entry fees, commissions, management fees and any other ongoing fees or charges deducted from the contributions received (where applicable to the superannuation entity); and\n-   investment expenses should be disclosed before deducting separately identifiable direct investment expenses.\n\nDirect vs. indirect investments\n\nCertain items on this form distinguish between ‘directly held’ investments and those which are not directly held.\n\n-   Directly held investments are those made by the superannuation entity in its own name, as part of the internal investment management function. This includes investments held by a custodian where these are held in Trust for the entity and the superannuation entity retains the decision-making function regarding the making and redeeming of particular investments within the portfolio.\n\n-   Investments that are not directly held include underlying investments that are held with external investment managers (such as investments in PSTs or unit trusts), and investments held via individually managed mandates/portfolios where the decision-making function regarding the making and redeeming of particular investments within the portfolio may rest with the investment manager.\n\nFor annual reporting purposes, disclosures regarding investments in individually managed mandates/portfolios are required to be disclosed on a look-through basis, consistent with the disclosures for directly-held investments i.e. the underlying investments in the portfolio must be analysed and reported separately. Investments held with external investment managers should be disclosed under the appropriate category (for example a PST would be disclosed under item 3.7.2) but a look-through basis is not required.\n\nImportant!\n\nThe annual reporting requirement to disclose investments and income from individually managed mandates/portfolios on a look-through basis is different to the quarterly reporting requirements (where applicable), which do not require a look-through basis for these investments.\n\n  \nInstruction guide for specific items\n\n#### Assets\n\nAssets are to be measured at net market value.\n\n1.  Securities purchased under agreements to resell\n\nThis refers to the situation where the superannuation entity buys/borrows securities from another party in exchange for cash. The superannuation entity agrees to return the securities to the other party in the future in exchange for the return of the cash (plus interest). Where the transferee of the securities effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying securities effectively remain with the counterparty as transferor), these transactions are to be accounted for as collateralised lending activities (on-balance sheet exposures).\n\nUnder this method of accounting, the following treatment is to be applied:\n\n-   The asset account termed “Securities purchased under agreements to resell”, represents the receivable due from counterparties from whom the securities have been borrowed and with whom cash has been lodged.\n-   The superannuation entity’s securities investments recorded on the statement of financial position are not increased by the securities subject to this agreement.\n\nSecurities sold under agreements to repurchase should be recorded under item 7.1 below.\n\n2. Receivables\n\n2.1. Total investment income receivable\n\nReport the total of all investment income that is receivable by the superannuation entity. Includes (but is not limited to): Interest, dividends, unit trust distributions, and rental income that is accrued but not yet received. Do not include receivables relating to sales of investments or outstanding fees which are reported in item 2.8 ‘Other receivables’.\n\n2.2. Provision for doubtful debts\n\nRecord the amount of any provision for bad and doubtful debts that relates to the receivables recorded in item 2.1 above.\n\nDoubtful debt means it is no longer considered probable that amounts of accrued investment income (e.g. interest, dividends, distributions associated with the investment/asset) will be able to be collected by the superannuation entity.\n\n2.3. Total investment income receivable net of provision for doubtful debts\n\nRepresents item 2.1 less item 2.2.\n\n2.4. Member contributions receivable\n\nInclude contributions receivable (i.e. due but not received) from members as at end of the financial year, to the extend known. For further guidance as to what is included in ‘member’ contributions refer to the instructions for SRF 200.0 Statement of Financial Performance, in particular item 1.2 of that form.\n\n2.5. Employer contributions receivable\n\nInclude contributions from employers which are receivable in respect of the reporting period (i.e. due but not received) by the superannuation entity, where known by the superannuation entity. For further guidance as to what is included in ‘employer’ contributions (including Superannuation Guarantee Contributions, award contributions, voluntary employer contributions, and salary sacrifice contributions) refer to the instructions for SRF 200.0 Statement of Financial Performance, in particular item 1.1 of that form. Superannuation entities for public sector employees please read item 2.6 below before completing this item.\n\n2.6. Contributions receivable from the Government\n\nRecord amounts receivable from Commonwealth and State Governments in respect of recognised unfunded liabilities to superannuation entities for public sector employees. Contributions receivable from the government in respect of the reporting period, where these related to a fully funded superannuation entity for public sector employees, should be included under item 2.5 above.\n\n2.7. Insurance proceeds receivable\n\nReport proceeds receivable on insurance claims that have been made/accepted by the insurer during the reporting period, but are not yet received from the insurer as at the end of the reporting period. Amounts should only be reported here when they are recognised for accounting purposes under current Australian Accounting Standards.\n\nIf a superannuation entity has insurance proceeds receivable under item 2.7, it should also report insurance proceeds income and/or insurance premiums expense in SRF 200.0 Statement of Financial Performance item 6.3 ‘Total proceeds on insurance policies’ and SRF 200.0 Statement of Financial Position item 7 ‘Members death and/or disability insurance premiums expense’ respectively.\n\n2.8. Other receivables & other assets (please provide details in table 1 below):\n\nReport in Table 1 details, including a description and amount, for any other receivables of the superannuation entity not specifically reported in the items listed above in the form. Includes (but is not limited to):\n\n-   Prepayments;\n-   other assets not held for investment purposes (e.g. fixed assets);\n-   receivables relating to sales of investments where the monies have not yet been received;\n-   outstanding fees; and\n-   refundable GST.\n\n2.9. Total receivables and other assets\n\nRepresents the sum of items 2.3 to 2.8.\n\n# 3.0 Investments\n\nNet market value\n\n-   In the “Total Net Market Value” column for items 3.1 to 3.9, report the net market value of local investments in Australian Dollars, and of investments in foreign currencies converted into Australian Dollars.\n-   In the “Net Market Value in Australia” column for items 3.1 to 3.9, report the net market value of investments whose source currency is Australian Dollars (i.e. the investment does not have exposure to foreign currency gains/losses in converting the value into Australian currency).\n\nBoth of the above columns should be completed as appropriate.\n\nItems 3.1 to 3.5 relate to investments that are directly held by the superannuation entity as part of the internal investment management of the superannuation entity and do not include underlying assets/investments that are held with external investment managers EXCEPT that investments of the superannuation entity that are held as part of an external individually managed mandate/portfolio are to be reported in this section in accordance with the nature of the underlying investments i.e. a look-through basis is required. Where the superannuation entity’s investments are held by a custodian on behalf of the entity, the investments held by the custodian are treated as the investments of the superannuation entity and should be classified as direct or indirect investments according to the criteria above.\n\nInvestments of the superannuation entity that are held with external investment managers (other than through individually managed mandates) are to be reported in item 3.6.\n\nInvestments outside Australia are investments which are managed by an investment manager who does not have an Australian operation, and the contract to manage the investment is not with an Australian resident manager.\n\nInvestments directly held by the superannuation entity\n\n# 3.1. Deposits, placements, loans and debt securities\n\nReport the net market value of investments in the form of placements, deposits and loans (including secured and unsecured, invested at call including 11am, money market or term basis), as well as holdings of debt securities.\n\n  \nImportant!\n\nTotal of item 3.1 should agree to SRF 210.1 Selected Disclosure of Investments “Part A: Deposits, placements, loans and debt securities” item 3 ‘Total value of deposits, placements, loans and securities’. Item 3 must be equal to the sum of the ‘Internally managed’ (“in-house”) column plus the ‘Externally managed mandates’ column for both Part A item 1 ‘Total deposits, placements and loans’ and Part A item 2 ‘Total debt securities’.\n\nExclude\n\n-   The value of interest rate related derivative contracts. These are to be disclosed separately in item 3.4. ‘Direct holdings of derivative financial instruments” (where the exposure represents a net gain to the superannuation entity) or in item 6 ‘Direct holdings of derivative financial instruments’ (where the exposure represents a net loss).\n\n3.1.1. Deposits\n\nReport cash and deposits with organisations issued with an Australian Banking Authority and amounts placed with short term and other money market corporations, permanent building societies etc.\n\n3.1.2. Placements, loans and debt securities\n\nReport the net market value of these investments including (but not limited to):\n\n-   placements, loans with, and debt securities issued by Individuals, Unlisted private incorporated entities, and Unlisted private unincorporated entities (including unlisted private trusts) and other placements, loans and debt securities;\n-   Short term debt securities (e.g. bills of exchange ,certificates of deposit, commercial paper, promissory notes); and\n-   Long term debt securities (e.g. Treasury Bonds, securitised instruments).\n\nExclude\n\nDeposits issued by Authorised Deposit Taking Institutions. These should be included at item 3.1.1.\n\nImportant!\n\nThe sum of SRF 210.0 Statement of Financial Position item 3.1.1 ‘Deposits’ column ‘Total Net Market Value’ PLUS SRF 210.0 Statement of Financial Position item 3.1.2 column ‘Total Net Market Value’\n\nSHOULD EQUAL\n\nSRF 210.1 Selected Disclosure of Investments Part A item 3 ‘Total net market value of deposits, placements, loans and securities’ column ‘Total Net Market Value – Internally managed’ PLUS\n\nSRF 210.1 Selected Disclosure of Investments Part A item 3 column ‘Total Net Market Value – Externally managed mandates’\n\n# 3.2. Equity securities of listed corporations and units in listed unit trusts\n\nReport the net market value of the superannuation entity’s direct holdings of equity securities (i.e. shares) of listed corporations and units in listed unit trusts on all exchanges.\n\nExclude\n\n-   Investment in unlisted retail/public offer cash management unit trusts. These are to be reported under item 3.6.4;\n-   Equity related derivative contracts. These are to be disclosed separately under the item 3.4 or item 6 “Derivative financial instruments”; and\n-   Investments in PSTs. These are disclosed separately under item 3.6.1 ‘Pooled super trusts’.\n\n# 3.3. Equity securities of unlisted corporations, units in unlisted private trusts and interests in ventures\n\nReport the net market value of the superannuation entity’s investment in equity securities (e.g. shares) of unlisted corporations, units in unlisted private unit trusts and venture operations.\n\nImportant!\n\nSRF 210.0 Statement of Financial Position item 3.3 should equal the sum of:\n\n-   SRF 210.1 Selected Disclosure of Investments Part B (i) ‘Total Net Market Value of Investments Attributable to ‘Internal’ Management’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part B (ii) ‘Total Net Market Value of Investment Attributable to ‘External’ Individually Managed Mandates’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part D (i) ‘Total Net Market Value of Investments Attributable to ‘Internal’ Management’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments Part D (ii) ‘Total Net Market Value of Investment Attributable to ‘External’ Individually Managed Mandates’.\n\n  \nExclude\n\n-   Investments in PSTs. These are disclosed separately under item 3.6.1 ‘Pooled super trusts’.\n\n# 3.4. Derivatives financial instruments\n\nReport the net market value of derivatives exposures of the superannuation entity that are reported in SRF 210.2 Derivative Financial Instruments, item 3 where the net market value of the exposure represents a net gain to the superannuation entity. This only relates to derivative financial instruments that are directly held and managed by the superannuation entity (i.e. transacted as part of ‘internal’ investment management).\n\nExclude\n\n-   The aggregate net market value of derivatives exposure where this represents a net loss to the superannuation entity. This is to be reported under ‘Liabilities’ in item 6 ‘Direct holdings of derivative financial instruments’; and\n\n-   Derivative investments held through an external individually managed mandate/portfolio or discretely managed portfolio (i.e. for this item, the superannuation entity is not required to look through the portfolio to the underlying investments to ascertain the derivatives exposure). Derivatives in externally individually managed mandates must be shown in item 3.8 ‘Other investments’.\n\nImportant!\n\nThe net position of item 3.4 and item 6 on SRF 210.0 Statement of Financial Position is required to agree to item 3 ‘Total derivative financial instruments’ on SRF 210.2 Derivative Financial Instruments.\n\n# 3.5. Property holdings\n\nReport the total of the superannuation entity’s directly holdings of property investments. For prudential reporting purposes a property investment exists where the investment (earnings and capital value) are dependent on the cash flows generated by the property through sale or rental income.\n\nInclude:\n\n-   Property investments acquired as part of the internal investment management of the superannuation entity; and\n-   Underlying property investments held in the form of an external individually managed mandate/portfolio or discretely managed portfolio.\n\nExclude:\n\n-   Direct investments in property trusts (both listed and unlisted). Investments in listed property trusts are to be reported in item 3.2, and investments in unlisted private property unit trusts are to be reported in item 3.3 and unlisted public offer/retail property unit trusts are to be reported in item 3.6.4.\n\nTotal must agree to “Part E: Property Holdings” item 2 ‘Total property investments’ on SRF 210.1 Selected Disclosure of Investments.\n\nImportant!\n\nSRF 210.0 Statement of Financial Position, item 3.5 should equal the sum of:\n\n-   SRF 210.1 Selected Disclosure of Investments Part E ‘Property’ item 2 ‘Total net market value of property investments’ column ‘Net Market Value – Internally managed’; PLUS\n-   SRF 210.1 Selected Disclosure of Investments PART E ‘Property’ item 2 column ‘Net Market Value – Externally managed mandates’.\n\nInvestments not directly held by the superannuation entity\n\n# 3.6. Funds placed with investment managers classified into the following:\n\n3.6.1. Pooled super trusts\n\nReport the net market value of the superannuation entity’s investment in pooled super trusts.\n\nExclude\n\nUnitised investments with life companies where the original or primary investment is an insurance or investment policy (item 3.6.3).\n\n3.6.2. Wholesale trusts\n\nA wholesale trust is usually only open to institutional investors and has a high entry level. An information memorandum is usually issued rather than a product disclosure statement. Report the net market value of investments in wholesale trusts, other than PSTs (item 3.6.1), listed unit trusts (item 3.2) or unlisted retail/public offer trusts (item 3.6.4).\n\n3.6.3. Investment and/or insurance policies held in statutory fund of life companies\n\nLife insurance business must be conducted through separately accounted ‘statutory funds’ within a life insurer. Report at this item:\n\n-   The value of unit-linked insurance or investment policies regardless of who manages the underlying assets of these policies/products, or how the underlying assets are distributed/invested. If net market value is not available or appropriate (e.g. traditional whole of life policies) use surrender value; and\n-   The net market value of policies in respect of death, total, permanent or temporary disablement.\n\nImportant!\n\nIf investments held by a superannuation entity are reported under item 3.6.3 then these investments are not required to be reported in SRF 210.1 Selected Disclosure of Investments. If you have no investments other than those disclosed under item 3.6.3 then SRF 210.1 Selected Disclosure of Investments can be left blank but is still required to be submitted as part of the superannuation entity's annual return.\n\n3.6.4. Investments in unlisted retail/public offer unit trusts\n\nReport the net market value of the superannuation entity’s investment in unlisted retail/public offer unit trusts. Includes investments in unlisted retail/public offer cash management unit trusts.\n\nExclude\n\nUnits in private trusts (item 3.3) and wholesale trusts (item 3.6.2).\n\nImportant!\n\nSRF 210.0 Statement of Financial Position item 3.6.4 should equal SRF 210.1 Selected Disclosure of Investments Part C item 5 ‘Total net market value of interest in unlisted retail/public offer trusts’ column ‘Net Market Value – Externally managed mandates’.\n\n# 3.7. Leased assets\n\nA finance lease over an asset is “a lease under which the lessor effectively transfers to the lessee substantially all the risks and benefits incident to ownership of the leased asset and where legal ownership may eventually be transferred”.\n\nReport the value of assets that are subject to lease arrangements (i.e. finance leases) where the superannuation entity is required by current Australian Accounting Standards to recognise and report assets that are subject to lease arrangements.\n\n# 3.8. Other investments (please provide details in table 2 below)\n\nDisclose in Table 2 the net market value of all other investments not separately reported above in items 3.1 to 3.7. Provide a description of the nature and amount of each item listed.\n\nNote that derivative assets held via external individually managed mandates are required to be reported in table 2 under a description of 'derivatives - not directly managed'. If the net or aggregate position is a liability, record the amount as a negative figure.\n\n# 3.9. Total Investments\n\nRepresents the sum of all investments reported in items 3.1 to 3.8.\n\n# 4. Deferred tax assets\n\nDeferred tax assets means the amounts of income taxes recoverable in future reporting periods in respect of:\n\n(a) deductible temporary differences; and\n\n(b) the carry forward of unused tax losses\n\ndetermined in accordance with current Australian Accounting Standards.\n\nImportant!\n\nCurrent tax assets are reported as part of item 8 below.\n\nImportant!\n\nNo adjustments should be made to the tax account balances on the Statement of Financial Position when separating contributions tax from income tax expense. The only adjustments in relation to contributions tax which should be made are to SRF 200.0 Statement of Financial Performance item 20 ‘Income tax expense on net operating performance’\n\n## 5.0 Total assets\n\nRepresents the sum of the following:\n\n1.0. Securities purchased under agreements to resell;\n\n2.9. Total Receivables;\n\n3.9. Total Investments – total of ‘Total Net Market Value’ column only; and\n\n4.0. Deferred tax assets.\n\n#### Liabilities\n\n## 6.0 Direct holdings of derivative financial instruments\n\nReport the net market value of derivatives exposure of the Superannuation entity that is reported in SRF 210.2 Derivative Financial Instruments, where the net market value of the exposure represents a net loss to the superannuation entity.\n\nThis only relates to derivative financial instruments that are directly held by the superannuation entity (i.e. transacted as part of ‘internal’ investment management.\n\nExclude\n\n-   The aggregate net market value of derivatives where this represents a net gain to the superannuation entity. This is to be reported under ‘Assets’ in item 3.4 ‘derivative financial instruments’; and\n-   Derivative investments held through an external individually managed mandate/portfolio or discretely managed portfolio (i.e. for this item, the superannuation entity is not required to look through the portfolio to the underlying investments to ascertain the derivatives exposure).\n\n## 7.0 Borrowings\n\nAmounts to be reported in the item include but are not limited to the following:\n\n-   Securities sold under agreements to repurchase (item 7.1);\n-   Drawn down balance of overdraft facilities, standby lines or other forms of off- balance sheet funding (item 7.2); and\n-   Short-term loans or borrowings (item 7.2).\n\n7.1. Securities sold under agreements to repurchase\n\nThis refers to the situation where the superannuation entity lends securities to another party in exchange for cash. The superannuation entity agrees to repay the cash (plus interest) to the other party in the future in exchange for the return of the securities. Where the transferee of the securities effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying securities effectively remain with the superannuation entity as transferor), these transactions are to be accounted for as collateralised borrowing activities (on-balance sheet exposures).\n\nUnder this method of accounting, the following treatment is to be applied:\n\n-   The liability account termed “Securities sold under agreements to repurchase”, represents the payable due to counterparties to whom the securities have been transferred (lent) and from whom cash has been received.\n-   The superannuation entity’s securities investment recorded on the statement of financial position is not decreased by the securities subject to this agreement.\n\nSecurities purchased under agreements to resell should be recorded under item 1 above.\n\n7.2. Other borrowings (please provide details in Table 3 below)\n\nReport the value of other forms of borrowings that do not fall into item 7.1. Provide a brief description of each item reported in this point. Includes (but is not limited to): Drawn down balance of overdraft facilities, standby lines or other forms of off-balance sheet funding, short term loans or other borrowings.\n\n7.3. Total borrowings\n\nRepresents the sum of items 7.1 and 7.2.\n\n  \n\n7.3.1. Secured against assets of the superannuation entity\n\nReport the value of the portion of borrowings which are secured against assets of the superannuation entity. The value in this field will already form part of the total in item 7.3.\n\n## 8.0 Current tax liabilities\n\nShow the net of current tax assets (report as a negative) and current tax liabilities determined in accordance with the provisions of current Australian Accounting Standards and other mandatory professional reporting requirements.\n\n-   Current tax asset means the amount of current tax recoverable as at the reporting date.\n-   Current tax liability means the amount of current tax payable as at the reporting date.\n\nImportant!\n\nNo adjustments should be made to the tax account balances on the Statement of Financial Position when separating contributions tax from income tax expense. The only adjustments in relation to contributions tax which should be made are to SRF 200.0 Statement of Financial Performance item 20 ‘Income tax expense on net operating performance’.\n\n## 9.0 Deferred tax liabilities\n\nDeferred tax liabilities means the amounts of income taxes to be settled in future reporting periods in respect of assessable temporary differences, determined in accordance with current Australian Accounting Standards and other mandatory professional reporting requirements.\n\n## 10.0 Sundry creditors\n\nReport the total value of all other payables of the superannuation entity as at the end of the reporting period that are not separately reported in items 6 to 9. Includes (but is not limited to):\n\n-   Benefits payable - The benefits payable value disclosed should be the benefits payable at year end to members exited during the year. It should not be reported as the accrued benefit liabilities of all members;\n-   trade creditors and accruals (for example, insurance premiums, administration fees or GST payable);\n-   payables relating to unsettled purchases (executed purchases of investments where the monies have not yet been paid);\n-   unallocated contributions; and\n-   amounts payable to the ATO for GST or superannuation surcharge.\n\n## 11.0 Total liabilities\n\nRepresents the sum of the following:\n\n#  Direct holdings of derivative financial instruments;\n\n-   Total borrowings;\n-   Current tax liabilities;\n-   Deferred tax liabilities; and\n-   Sundry creditors.\n\n## 12.0 Net assets available to pay benefits\n\nRepresents SRF 210.0 Statement of Financial Position item 5 ‘Total Assets’ less SRF 210.0 Statement of Financial Position item 11 ‘Total Liabilities’.\n\nImportant!\n\nThe total at item 12 must equal the total at item 16 ‘Total’.\n\nImportant!\n\nIf SRF 210.0 Statement of Financial Position item 12 is either $nil or a negative figure, then it is APRA’s expectation that the superannuation entity should have wound up. The wind-up of the superannuation entity should be disclosed in SRF 250.0 Superannuation Entity Profile item 4. In some cases, a superannuation entity providing risk only benefits may have zero assets.\n\nNet assets available to pay benefits is represented by\n\n## 13.0 Liability for accrued benefits\n\nReport value of members’ accrued benefits as at the reporting date. This is to be determined in accordance with the requirements of current Australian Accounting Standards.\n\nAccumulation/defined contribution superannuation entities\n\nThe liability for accrued benefits for a defined contribution superannuation entity is the superannuation entity’s present obligation to pay benefits to members and beneficiaries in the future and is calculated as the difference between the carrying amounts of the assets and the carrying amounts of the liabilities as at the reporting date.\n\n  \nImportant!\n\nAccrued benefits under SRF 240.0 Membership Profile Part C item 2.1 should be equal to those reported under SRF 210.0 Statement of Financial Position item 13 relating to defined contribution members.\n\nDefined benefit superannuation entities\n\nAccrued benefits of a defined benefit superannuation entity shall be measured, using actuarial assumptions and valuations where appropriate, as the present value of expected future payments to members arising from membership of the superannuation entity up to the measurement date.\n\nA formal actuarial review for defined benefit superannuation entities is completed at least every three years under SIS Regulation 9.29. APRA is not advocating that superannuation entity must complete these on a more frequent basis than is required under SIS.\n\nAccordingly, for financial years in between the formal actuarial valuations, this item should be filled out by reporting the difference between the carrying amounts of the assets and the carrying amounts of the liabilities as at the year end reporting date i.e. the value reported in item 12 ‘Net assets available to pay benefits’. In this event, $Nil figures should be entered at both item 14 ‘Reserves’ and item 15 ‘Excess/deficiency of assets’.\n\nImportant!\n\nAccrued benefits under SRF 240.0 Membership Profile Part C item 1.1 should be equal to those reported under SRF 210.0 Statement of Financial Position item 13 relating to defined benefit members.\n\n## 14.0 Reserves (unallocated benefits)\n\nReport the balance of all reserves as at the end of the year. This relates to unallocated reserves of the superannuation entity (i.e. income that has not been specifically allocated to member accounts). Reserves can be used for such things as smoothing investment earnings, topping up member benefits, offsetting fees.\n\nDefined contribution\n\nAmounts in defined contribution/accumulation superannuation entities that are unallocated to members but do not form part of a formal reserve should also be reported at this item. This includes, for example, unallocated balances which are held overnight in a bank account while the member paperwork is being processed.\n\nDefined benefit:\n\n-   Amounts in defined benefit superannuation entities that are unallocated to members but do not form part of a formal reserve will be included at item 15.0 ‘Excess/deficiency of assets’.\n-   For defined benefit entities, where a formal actuarial valuation has not been conducted as at the year end reporting date, a $Nil balance should be entered at this item.\n\nNote that if all investment earnings and superannuation entity expenses are put through reserves and the members receive earnings and pay fees and contributions tax, these should not be netted together to reflect net movement to or from reserves. Instead they should be reported in line with the entity’s accounting practices with details of movements in reserves during the reporting period as follows:\n\n14.1. Opening balance\n\nReport the opening balance of this reserve carried forward from the last reporting period. Where the reserve is only created this current reporting period, report zero.\n\n14.2. Transfer to reserve from current year earnings\n\nReport the cumulative value of funds that have been transferred from current year’s earnings to this reserve during the current financial year of the superannuation entity.\n\n14.3. Transfer from reserve to members vested benefits\n\nReport the cumulative value of funds that have been transferred from this reserve to members’ benefits during the current financial year of the superannuation entity.\n\n14.4. Closing balance\n\nRepresents the sum of items 14.1 and 14.2 less item 14.3.\n\n## 15.0 Excess/deficiency of assets\n\nThis item relates to defined benefit superannuation entities. The excess/deficiency of assets available for use for a defined benefit superannuation entity will generally be determined by an actuary when a formal valuation is conducted. Accordingly for a defined benefit superannuation entity, only complete this item where this is applicable and is determined by an actuarial review. Where a formal actuarial valuation has not been conducted as at the reporting date, a $Nil balance should be entered at this item.\n\nFor item 15, record an excess as a positive number and a deficiency as a negative number.\n\n## 16.0 Total\n\nConsists of the sum of:\n\n-   13.0. ‘Liability for accrued benefits’;\n-   14.4. Reserves - ‘Closing balance’; and\n-   15.0. ‘Excess/deficiency of assets’.\n\n  \nImportant!\n\nThe total at item 16 must equal the total at item 12.\n\nImportant!\n\nIf SRF 210.0 Statement of Financial Position item 16 is either $nil or a negative figure, then it is APRA’s expectation that the superannuation entity should have wound up. The wind-up of the superannuation entity should be disclosed in SRF 250.0 Superannuation Entity Profile item 4.\n\n## 17.0 Entity balance\n\nAmounts reported for the superannuation entity’s balance will be used by APRA to calculate the amount of levy payable by the superannuation entity.\n\n17.1. Net balance of entity\n\nReport the net balance of the superannuation entity at the end of the financial year. The amount should be determined from the audited accounts of the registered superannuation entity and, to the extent necessary, from the reports from life insurance companies.\n\nImportant!\n\n-   SRF 310.0 Statement of Financial Position item 17.1 ‘Net balance of entity’ should be equal to SRF 310.0 Statement of Financial Position item 13 ‘Liability for accrued benefits’.\n-   For accumulation entities, SRF 210.0 Statement of Financial Position item 17.1 ‘Net balance of entity’ should be equal to SRF 210.0 Statement of Financial Position item 12 ‘Net assets available to pay benefits’.\n\n17.2. Notional balance\n\nIf the assets of the superannuation entity consist entirely of “individual policies” and the insurer does not know the net balance of the entity, leave item 17.1 blank and report the Notional Balance of the entity. This figure is arrived at by multiplying $20,000 by the number of members of the superannuation entity.\n\nOtherwise leave item 17.2 blank.\n\nAn “individual policy” is a single policy of life insurance over the life of one person, or a sub policy of life insurance over the life of one person which forms part of a blanket policy of life insurance.\n\n17.3. Estimated balance as at 30 June\n\nIf a registered superannuation entity has a balance date other than 30 June, report in item 17.3 an estimate of the superannuation entity’s net balance at 30 June, as follows:\n\nFor early balancing superannuation entities (for example, an APRA-regulated superannuation entity which has a year of income ending before 30 June 2004, and which is lodging its annual return for the 2003-2004 year), report the estimated net balance as at the 30 June 2004 i.e. the 30 June immediately following year end.\n\nFor late balancing superannuation entities (for example, an APRA-regulated superannuation entity which has a year of income ending after 30 June 2004 and is lodging its annual return for the 2003-2004 year), report the estimated net balance as at the 30 June 2004 i.e. the 30 June immediately preceding year end.\n\nYear End Estimated Balance Year End\n\n(Early Balancers) at 30 June 2004 (Late Balancers)\n\n\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\n\n![](image.008.png)![](image.009.png)","sortOrder":25},{"sectionNumber":"6.0","sectionType":"part","heading":"Direct holdings of derivative financial instruments","content":"## 6.0 Direct holdings of derivative financial instruments\n\nReport the net market value of derivatives exposure of the Superannuation entity that is reported in SRF 210.2 Derivative Financial Instruments, where the net market value of the exposure represents a net loss to the superannuation entity.\n\nThis only relates to derivative financial instruments that are directly held by the superannuation entity (i.e. transacted as part of ‘internal’ investment management.\n\nExclude\n\n-   The aggregate net market value of derivatives where this represents a net gain to the superannuation entity. This is to be reported under ‘Assets’ in item 3.4 ‘derivative financial instruments’; and\n-   Derivative investments held through an external individually managed mandate/portfolio or discretely managed portfolio (i.e. for this item, the superannuation entity is not required to look through the portfolio to the underlying investments to ascertain the derivatives exposure).","sortOrder":26},{"sectionNumber":"7.0","sectionType":"part","heading":"Borrowings","content":"## 7.0 Borrowings\n\nAmounts to be reported in the item include but are not limited to the following:\n\n-   Securities sold under agreements to repurchase (item 7.1);\n-   Drawn down balance of overdraft facilities, standby lines or other forms of off- balance sheet funding (item 7.2); and\n-   Short-term loans or borrowings (item 7.2).\n\n7.1. Securities sold under agreements to repurchase\n\nThis refers to the situation where the superannuation entity lends securities to another party in exchange for cash. The superannuation entity agrees to repay the cash (plus interest) to the other party in the future in exchange for the return of the securities. Where the transferee of the securities effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying securities effectively remain with the superannuation entity as transferor), these transactions are to be accounted for as collateralised borrowing activities (on-balance sheet exposures).\n\nUnder this method of accounting, the following treatment is to be applied:\n\n-   The liability account termed “Securities sold under agreements to repurchase”, represents the payable due to counterparties to whom the securities have been transferred (lent) and from whom cash has been received.\n-   The superannuation entity’s securities investment recorded on the statement of financial position is not decreased by the securities subject to this agreement.\n\nSecurities purchased under agreements to resell should be recorded under item 1 above.\n\n7.2. Other borrowings (please provide details in Table 3 below)\n\nReport the value of other forms of borrowings that do not fall into item 7.1. Provide a brief description of each item reported in this point. Includes (but is not limited to): Drawn down balance of overdraft facilities, standby lines or other forms of off-balance sheet funding, short term loans or other borrowings.\n\n7.3. Total borrowings\n\nRepresents the sum of items 7.1 and 7.2.\n\n  \n\n7.3.1. Secured against assets of the superannuation entity\n\nReport the value of the portion of borrowings which are secured against assets of the superannuation entity. The value in this field will already form part of the total in item 7.3.","sortOrder":27},{"sectionNumber":"8.0","sectionType":"part","heading":"Current tax liabilities","content":"## 8.0 Current tax liabilities\n\nShow the net of current tax assets (report as a negative) and current tax liabilities determined in accordance with the provisions of current Australian Accounting Standards and other mandatory professional reporting requirements.\n\n-   Current tax asset means the amount of current tax recoverable as at the reporting date.\n-   Current tax liability means the amount of current tax payable as at the reporting date.\n\nImportant!\n\nNo adjustments should be made to the tax account balances on the Statement of Financial Position when separating contributions tax from income tax expense. The only adjustments in relation to contributions tax which should be made are to SRF 200.0 Statement of Financial Performance item 20 ‘Income tax expense on net operating performance’.","sortOrder":28},{"sectionNumber":"9.0","sectionType":"part","heading":"Deferred tax liabilities","content":"## 9.0 Deferred tax liabilities\n\nDeferred tax liabilities means the amounts of income taxes to be settled in future reporting periods in respect of assessable temporary differences, determined in accordance with current Australian Accounting Standards and other mandatory professional reporting requirements.","sortOrder":29},{"sectionNumber":"10.0","sectionType":"part","heading":"Sundry creditors","content":"## 10.0 Sundry creditors\n\nReport the total value of all other payables of the superannuation entity as at the end of the reporting period that are not separately reported in items 6 to 9. Includes (but is not limited to):\n\n-   Benefits payable - The benefits payable value disclosed should be the benefits payable at year end to members exited during the year. It should not be reported as the accrued benefit liabilities of all members;\n-   trade creditors and accruals (for example, insurance premiums, administration fees or GST payable);\n-   payables relating to unsettled purchases (executed purchases of investments where the monies have not yet been paid);\n-   unallocated contributions; and\n-   amounts payable to the ATO for GST or superannuation surcharge.","sortOrder":30},{"sectionNumber":"11.0","sectionType":"part","heading":"Total liabilities","content":"## 11.0 Total liabilities\n\nRepresents the sum of the following:","sortOrder":31},{"sectionNumber":" Direct holdings of derivative financia","sectionType":"part","heading":" Direct holdings of derivative financial instruments;","content":"#  Direct holdings of derivative financial instruments;\n\n-   Total borrowings;\n-   Current tax liabilities;\n-   Deferred tax liabilities; and\n-   Sundry creditors.","sortOrder":32},{"sectionNumber":"12.0","sectionType":"part","heading":"Net assets available to pay benefits","content":"## 12.0 Net assets available to pay benefits\n\nRepresents SRF 210.0 Statement of Financial Position item 5 ‘Total Assets’ less SRF 210.0 Statement of Financial Position item 11 ‘Total Liabilities’.\n\nImportant!\n\nThe total at item 12 must equal the total at item 16 ‘Total’.\n\nImportant!\n\nIf SRF 210.0 Statement of Financial Position item 12 is either $nil or a negative figure, then it is APRA’s expectation that the superannuation entity should have wound up. The wind-up of the superannuation entity should be disclosed in SRF 250.0 Superannuation Entity Profile item 4. In some cases, a superannuation entity providing risk only benefits may have zero assets.\n\nNet assets available to pay benefits is represented by","sortOrder":33},{"sectionNumber":"13.0","sectionType":"part","heading":"Liability for accrued benefits","content":"## 13.0 Liability for accrued benefits\n\nReport value of members’ accrued benefits as at the reporting date. This is to be determined in accordance with the requirements of current Australian Accounting Standards.\n\nAccumulation/defined contribution superannuation entities\n\nThe liability for accrued benefits for a defined contribution superannuation entity is the superannuation entity’s present obligation to pay benefits to members and beneficiaries in the future and is calculated as the difference between the carrying amounts of the assets and the carrying amounts of the liabilities as at the reporting date.\n\n  \nImportant!\n\nAccrued benefits under SRF 240.0 Membership Profile Part C item 2.1 should be equal to those reported under SRF 210.0 Statement of Financial Position item 13 relating to defined contribution members.\n\nDefined benefit superannuation entities\n\nAccrued benefits of a defined benefit superannuation entity shall be measured, using actuarial assumptions and valuations where appropriate, as the present value of expected future payments to members arising from membership of the superannuation entity up to the measurement date.\n\nA formal actuarial review for defined benefit superannuation entities is completed at least every three years under SIS Regulation 9.29. APRA is not advocating that superannuation entity must complete these on a more frequent basis than is required under SIS.\n\nAccordingly, for financial years in between the formal actuarial valuations, this item should be filled out by reporting the difference between the carrying amounts of the assets and the carrying amounts of the liabilities as at the year end reporting date i.e. the value reported in item 12 ‘Net assets available to pay benefits’. In this event, $Nil figures should be entered at both item 14 ‘Reserves’ and item 15 ‘Excess/deficiency of assets’.\n\nImportant!\n\nAccrued benefits under SRF 240.0 Membership Profile Part C item 1.1 should be equal to those reported under SRF 210.0 Statement of Financial Position item 13 relating to defined benefit members.","sortOrder":34},{"sectionNumber":"14.0","sectionType":"part","heading":"Reserves (unallocated benefits)","content":"## 14.0 Reserves (unallocated benefits)\n\nReport the balance of all reserves as at the end of the year. This relates to unallocated reserves of the superannuation entity (i.e. income that has not been specifically allocated to member accounts). Reserves can be used for such things as smoothing investment earnings, topping up member benefits, offsetting fees.\n\nDefined contribution\n\nAmounts in defined contribution/accumulation superannuation entities that are unallocated to members but do not form part of a formal reserve should also be reported at this item. This includes, for example, unallocated balances which are held overnight in a bank account while the member paperwork is being processed.\n\nDefined benefit:\n\n-   Amounts in defined benefit superannuation entities that are unallocated to members but do not form part of a formal reserve will be included at item 15.0 ‘Excess/deficiency of assets’.\n-   For defined benefit entities, where a formal actuarial valuation has not been conducted as at the year end reporting date, a $Nil balance should be entered at this item.\n\nNote that if all investment earnings and superannuation entity expenses are put through reserves and the members receive earnings and pay fees and contributions tax, these should not be netted together to reflect net movement to or from reserves. Instead they should be reported in line with the entity’s accounting practices with details of movements in reserves during the reporting period as follows:\n\n14.1. Opening balance\n\nReport the opening balance of this reserve carried forward from the last reporting period. Where the reserve is only created this current reporting period, report zero.\n\n14.2. Transfer to reserve from current year earnings\n\nReport the cumulative value of funds that have been transferred from current year’s earnings to this reserve during the current financial year of the superannuation entity.\n\n14.3. Transfer from reserve to members vested benefits\n\nReport the cumulative value of funds that have been transferred from this reserve to members’ benefits during the current financial year of the superannuation entity.\n\n14.4. Closing balance\n\nRepresents the sum of items 14.1 and 14.2 less item 14.3.","sortOrder":35},{"sectionNumber":"15.0","sectionType":"part","heading":"Excess/deficiency of assets","content":"## 15.0 Excess/deficiency of assets\n\nThis item relates to defined benefit superannuation entities. The excess/deficiency of assets available for use for a defined benefit superannuation entity will generally be determined by an actuary when a formal valuation is conducted. Accordingly for a defined benefit superannuation entity, only complete this item where this is applicable and is determined by an actuarial review. Where a formal actuarial valuation has not been conducted as at the reporting date, a $Nil balance should be entered at this item.\n\nFor item 15, record an excess as a positive number and a deficiency as a negative number.","sortOrder":36},{"sectionNumber":"16.0","sectionType":"part","heading":"Total","content":"## 16.0 Total\n\nConsists of the sum of:\n\n-   13.0. ‘Liability for accrued benefits’;\n-   14.4. Reserves - ‘Closing balance’; and\n-   15.0. ‘Excess/deficiency of assets’.\n\n  \nImportant!\n\nThe total at item 16 must equal the total at item 12.\n\nImportant!\n\nIf SRF 210.0 Statement of Financial Position item 16 is either $nil or a negative figure, then it is APRA’s expectation that the superannuation entity should have wound up. The wind-up of the superannuation entity should be disclosed in SRF 250.0 Superannuation Entity Profile item 4.","sortOrder":37},{"sectionNumber":"17.0","sectionType":"part","heading":"Entity balance","content":"## 17.0 Entity balance\n\nAmounts reported for the superannuation entity’s balance will be used by APRA to calculate the amount of levy payable by the superannuation entity.\n\n17.1. Net balance of entity\n\nReport the net balance of the superannuation entity at the end of the financial year. The amount should be determined from the audited accounts of the registered superannuation entity and, to the extent necessary, from the reports from life insurance companies.\n\nImportant!\n\n-   SRF 310.0 Statement of Financial Position item 17.1 ‘Net balance of entity’ should be equal to SRF 310.0 Statement of Financial Position item 13 ‘Liability for accrued benefits’.\n-   For accumulation entities, SRF 210.0 Statement of Financial Position item 17.1 ‘Net balance of entity’ should be equal to SRF 210.0 Statement of Financial Position item 12 ‘Net assets available to pay benefits’.\n\n17.2. Notional balance\n\nIf the assets of the superannuation entity consist entirely of “individual policies” and the insurer does not know the net balance of the entity, leave item 17.1 blank and report the Notional Balance of the entity. This figure is arrived at by multiplying $20,000 by the number of members of the superannuation entity.\n\nOtherwise leave item 17.2 blank.\n\nAn “individual policy” is a single policy of life insurance over the life of one person, or a sub policy of life insurance over the life of one person which forms part of a blanket policy of life insurance.\n\n17.3. Estimated balance as at 30 June\n\nIf a registered superannuation entity has a balance date other than 30 June, report in item 17.3 an estimate of the superannuation entity’s net balance at 30 June, as follows:\n\nFor early balancing superannuation entities (for example, an APRA-regulated superannuation entity which has a year of income ending before 30 June 2004, and which is lodging its annual return for the 2003-2004 year), report the estimated net balance as at the 30 June 2004 i.e. the 30 June immediately following year end.\n\nFor late balancing superannuation entities (for example, an APRA-regulated superannuation entity which has a year of income ending after 30 June 2004 and is lodging its annual return for the 2003-2004 year), report the estimated net balance as at the 30 June 2004 i.e. the 30 June immediately preceding year end.\n\nYear End Estimated Balance Year End\n\n(Early Balancers) at 30 June 2004 (Late Balancers)\n\n\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_|\\_\\_\\_\\_\n\n![](image.008.png)![](image.009.png)","sortOrder":38},{"sectionNumber":"Annual Reporting Requirements and Genera","sectionType":"part","heading":"Annual Reporting Requirements and General Instruction Guide","content":"# Annual Reporting Requirements and General Instruction Guide\n\nEntities subject to annual reporting\n\nTrustees of superannuation entities that are regulated by APRA, including trustees of the following entities, are required to complete the APRA Annual Return comprising the forms listed in the Reporting Requirements Table.\n\n-   Public Offer Superannuation Entities;\n-   Other APRA regulated superannuation entities;\n-   Multi-Member Approved Deposit Funds;\n-   Pooled Superannuation Trusts; and\n-   Eligible Rollover Funds.\n\nExcluded\n\n-   Small APRA Funds (SAFs); and\n-   Single-member Approved Deposit Funds.\n\nReporting Requirements Table\n\n| Form Number | Form Name                            | Subject to Audit |\n| ----------- | ------------------------------------ | ---------------- |\n| SRF 200.0   | Statement of Financial Performance   | Yes              |\n| SRF 210.0   | Statement of Financial Position      | Yes              |\n| SRF 210.1   | Selected Disclosure of Investments   | No               |\n| SRF 210.2   | Derivative Financial Instruments     | No               |\n| SRF 220.0   | Exposure Concentrations              | Yes              |\n| SRF 230.0   | Transactions with Associated Parties | Yes              |\n| SRF 240.0   | Membership Profile                   | No               |\n| SRF 250.0   | Superannuation Entity Profile        | No               |\n| SRF 260.0   | Trustee Statement                    | No               |\n\nAPRA Annual Return\n\nAll the forms listed in the above table comprise the APRA Annual Return.\n\n  \nAudit requirements\n\nThose forms comprising the APRA Annual Return that are subject to audit are highlighted in the Reporting Requirements Table above.\n\nThe nature of the audit requirements for these forms will be as developed in conjunction with the Auditing and Assurance Standards Board of Australia.\n\n## Reporting period\n\nThe information requested in the above forms is to be reported for the financial year of the superannuation entity.\n\nLodgement requirements\n\nThe APRA Annual Return is required to be lodged with APRA within 4 months after the end of the financial year of the superannuation entity together with the Independent Audit Report from the auditor of the superannuation entity covering those forms that are noted as subject to audit.\n\nAmendments\n\nWhere the trustee of a superannuation entity makes a material adjustment to any data relating to the financial year for which the return has been lodged, an amended APRA Annual Return must be lodged with APRA.\n\nBasis of preparation\n\nIn completing these forms unless otherwise specifically stated in the instruction guide for each form:\n\nBasis of accounting (Cash vs Accruals):\n\nThe forms should be prepared on a basis consistent with the accounting treatment (cash or accruals basis) adopted by the superannuation entity for annual financial reporting purposes. APRA would ordinarily expect that regulated superannuation entities are ‘reporting entities’, and will therefore apply an accruals basis, in accordance with the requirements of Australian Accounting Standards and the guidance in APRA Superannuation Circular No. V.A.2.\n\nImportant!\n\nFor those superannuation entities subject to APRA quarterly reporting: Once selected, the basis of accounting used must be consistent for all 4 quarterly returns and the corresponding annual return.\n\nDirect vs Indirect investments:\n\nCertain items on the forms distinguish between ‘directly held’ investments and those which are not directly held.\n\n-   Directly held investments are those made by the superannuation entity in its own name, as part of the internal investment management function. This includes investments held by a custodian where these are held in Trust for the entity and the superannuation entity retains the decision-making function regarding the making and redeeming of particular investments within the portfolio.\n-   Investments that are not directly held include underlying investments that are held with external investment managers (such as investments in PSTs or unit trusts), and investments held via individually managed mandates/portfolios where the decision-making function regarding the making and redeeming of particular investments within the portfolio may rest with the investment manager.\n\nNetting off of Amounts:\n\nUnless otherwise specifically stated, data in the forms should be reported on a gross basis, with no netting, even where the institutions comply with the prerequisites for netting outlined in the current Australian Accounting Standards, notably ‘Set-off and Extinguishment of Debt’.\n\nInclude:\n\n-   All transactions of the superannuation entity regardless of the residency status of members or the location or registration of assets or liabilities;\n-   Unless otherwise indicated, report all items on the form as positive numbers;\n-   Investments and other exposures held directly by the superannuation entity (i.e. as part of its internal investment management).\n-   Investments and other exposures generated or held as part of an external individually managed mandate/portfolio or discretely managed portfolio of the superannuation entity (i.e. the superannuation entity is required to ‘look through’ investments in these structures to report the underlying investments, other exposures and liabilities of these arrangements).\n\nExclude:\n\n-   Do not include a consolidation of any controlled entities;\n-   The ‘look through’ provision does not apply to investments by the superannuation entity in investment management structures other than external individually managed mandates, in terms of reporting the underlying exposure of these investment vehicles (i.e. it does not extend to reporting the underlying investments in PSTs or public offer unit trusts; such investments are to be reported as investments in managed funds).\n\nTrustees of superannuation entities are to follow the Australian Accounting Standards, notably AAS 25 ‘Financial Reporting of Superannuation Plans’ and other mandatory and legislative requirements where applicable, regarding the interpretation, recognition and measurement of items of income, expense, assets and liabilities. AAS 25 requires a trustee of a superannuation entity to adopt net market value measurement where the superannuation entity is deemed to be a reporting entity. For the purposes of prudential reporting all trustees of superannuation entities are to adopt net market value measurement irrespective of their deemed reporting entity status.\n\nNet market value has the same meaning as defined in the Australian accounting standards notable AAS 25. A definition is provided in the ‘Glossary of Terms’. Any change in the values at which such assets are measured must be recognised as revenues (or losses) in the reporting period in which the change occurs.\n\nAccounting Standards AAS 4 ‘Depreciation’, AAS 10 ‘Recoverable Amount of Non\\-Current Assets’ and AASB 1041 ‘Revaluation of Non-Current Assets’ do not apply to such investments.\n\n###### Market value of charged/encumbered assets\n\nIf an asset is in any way subject to a charge, covenant, encumbrance, option to purchase or any other arrangement by way of agreement or statute, that restricts the net market value of the asset, the market value needs to reflect the existence of these arrangements. For example, if the superannuation entity has agreed to deliver an asset to a purchaser at a price below the arms length market value, the market value cannot exceed the agreed price.\n\nUnit of measurement\n\nThe above forms are to be prepared in thousands of Australian dollars (AUD), rounded to the nearest thousand, i.e. with no decimal place. As a general rule, amounts denominated in foreign currency are to be converted to AUD in accordance with the requirements of the current Australian accounting standards, notably Foreign Currency Translation.\n\nThe general requirements for translation are:\n\n1.  Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date.\n2.  Other items outstanding at the reporting date must not be re-translated subsequent to initial recognition of the transaction.\n\nMonetary items are defined to mean money held and assets and liabilities that are to be received or paid in fixed or determinable amounts of money (e.g. claim payments, reinsurance recoveries).\n\nMonetary items arising under foreign currency derivative contracts at the reporting date must be translated as follows:\n\n-   Where the exchange rate is fixed in the contract, at that fixed exchange rate; and\n-   Where the exchange rate varies, at the spot rate at the reporting date.\n\nThe general requirements for accounting treatment of exchange differences arising on translation are:\n\n1.  Exchange differences must be recognised as either revenues or expenses in the calculation of net profit or loss in the reporting period in which the exchange rates change.\n2.  Exchange differences that arise in respect of foreign currency monetary items which are directly attributable to the acquisition, construction or production of an asset that takes a long period of time to get ready for its intended use or sale, must be capitalised (net of any effects of a hedge) as part of the cost of that asset.\n\n#### General definitions\n\nThe Glossary Terms contains definitions of commonly used terms in the instruction guides and the forms listed in the Reporting Requirements Table.\n\n| Item                              | Definition                                                                                                                                                                                                                                                                                                                                                                                                                                                        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--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Associates                        | Associate is defined consistent with the definition provided by the current Australian accounting standard regarding ‘Accounting for Investments in Associates’.Associate means an investee, not being:(a) a subsidiary of the investor; or(b) a partnership of the investor; or(c) an investment acquired and held exclusively with a view to its disposal in the near future.over which the investor has significant influence.Significant influence means the capacity of an entity to affect substantially (but not control) either, or both, of the financial and operating policies of another entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |\n| Controlled entity/Subsidiary      | Definitions of controlled entities/subsidiaries should be consistent with the requirements of the current Australian accounting standards regarding ‘Consolidated Financial Reports’.The current Australian accounting standards regarding ‘Consolidated Financial Reports’ defines a controlled entity/“subsidiary\" as meaning an entity, which is controlled by a parent entity. A parent entity is defined as an entity, which controls another entity.Entity means any legal, administrative, or fiduciary arrangement, organisational structure or other party (including a person) having the capacity to deploy scarce resources in order to achieve objectives.Control means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in pursuing the objectives of the controlling entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| Assets                            | Assets is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Liabilities                       | Liabilities is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Fair Value                        | Fair value means the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's-length transaction, and is determined as follows:The quoted market price in an active and liquid market (ie market value); orwhen there is infrequent activity in a market, the market is not well established, small volumes are traded relative to the asset or liability to be valued, or a quoted market price is not available – an estimate of a price for the asset or liability in an active and liquid market.For the purposes of the APRA forms, fair value should ignore transaction costs. Market value is defined for accounting purposes as a subset of fair value - refer to the definitions of market value and net market value below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Finance Lease                     | A finance lease over an asset is an arrangement under which the lessoreffectively transfers to the lessee substantially all the risks and benefits incident to ownership of the leased asset, and where legal ownership may eventually be transferred.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Goodwill                          | The current Australian accounting standards regarding ‘Accounting for Goodwill’ provides that goodwill represents the future benefits from unidentifiable assets. Only goodwill which is purchased by the entity as part of the acquisition of an asset(s) can be recognised (i.e. internally generated goodwill must not be recognised).Goodwill which is purchased by the entity, must be measured as the excess of the cost of acquisition incurred by the entity over the fair value of the identifiable net assets acquired.Purchased goodwill must be amortised so that it is recognised as an expense in the profit and loss account on a straight-line basis, over the period from the date of acquisition to the end of the period of time during which the benefits are expected to arise. This period must not exceed twenty years from the date of acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| Impairment                        | For the purposes of the APRA forms, impairment means that it is no longer considered probable that amounts of principal (or market value) and any associated amounts of accrued income (e.g. interest, dividends, distributions associated with the investment/asset) will be able to be collected by the superannuation entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Investment                        | Investment is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.In relation to superannuation entities, this generally means an asset held by the superannuation entity for the accretion of wealth by way of revenues such as interest, royalties, dividends, rentals and capital appreciation, but does not include operating assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Joint ventures                    | Defined in accordance with the current Australian accounting standards regarding ‘Interests in Joint Ventures’. Joint venture means a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control. Joint ventures can take the form of a joint venture entity or joint venture operation.Joint venture entity means a joint venture that is in the form of an entity and does not include:(a) an entity that is acquired and held exclusively with a view to its disposal in the near future(b) an entity that operates under severe long-term restrictions which impair significantly its ability to make distributions to the venturer.Joint venture operation means a joint venture that is not a joint venture entity and does not include an entity that:(a) is acquired and held exclusively with a view to its disposal in the near future(b) operates under severe long-term restrictions that impair significantly its ability to make distributions to the venturer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Life office/Life company          | A life insurance company is a company registered under the Life Insurance Act 1995. They provide insurance against death and disability and may also operate superannuation entities. Also known as life office.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Market value                      | Market value is defined for accounting purposes as a subset of fair value, and means the amount which could be expected to be received from the disposal of an asset in an active and liquid market.For the purposes of the forms, market value should ignore transaction costs. Refer also to the definition of net market value below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Net market value                  | Net market value means the amount which could be expected to be received from the disposal of an asset in an active and liquid market (i.e. market value) after deducting costs expected to be incurred in realising the proceeds of such a disposal. Refer also to the definition of market value above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |\n| Outside equity interest           | Defined consistent with the current Australian accounting standards regarding ‘Consolidated Financial Reports’ outside equity interest\" means the equity in the economic entity (consolidated group), other than that which can be attributed to the ownership group of the parent entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Parent entity                     | Parent entity is defined consistent with the current Australian accounting standards regarding ‘Consolidated Financial Reports’ and simply means an entity which controls another entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |\n| Pooled Superannuation Trust (PST) | A PST is a trust in which assets of a number of superannuation entities, approved deposit funds (ADFs) or other PSTs are invested and managed by a professional manager. The investment income of the PST is taxed at concessional rates within the PST.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Principal Value                   | Represents the notional or face value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Related parties/entities          | For the purposes of this form, related entities are to be interpreted consistently with the meaning as in the current Australian accounting standards regarding ‘Related Party Disclosures’. It provides that related party means, in relation to a reporting entity, any:(a) other entity that at any time during the financial year, has control or significant influence over the reporting entity; or(b) other entity that at any time during the financial year, is subject to control or significant influence by the reporting entity (i.e. subsidiary or an associated entity); or(c) other entity that, at any time during the financial year, is controlled by the same entity that controls the reporting entity. Referred to as a situation in which entities are subject to common control (i.e. Joint Ventures); or(d) other entity that, at any time during the financial year, is controlled by the same entity that significantly influences the reporting entity; or(e) other entity that, at any time during the financial year, is significantly influenced by the same entity that controls the reporting entity; or(f) director of the reporting entity or any of their director-related entities; or(g) director of any other entity identified as a related party under any of paragraphs (a) to (e), or any of their director-related entities;but excludes any other entity (except those identified as a related party under paragraph (f)) where the related party relationship results solely from normal dealings of:(h) financial institutions; or(i) authorised trustee corporations; or(j) fund managers; or(k) trade unions; or(l) statutory authorities; or(m) government departments; or(n) local governmentsThe current Australian accounting standards define director-related entities as meaning “the spouses of such directors, relatives of such directors or spouses and any other entity under the joint or several control or significant influence of such directors, spouses or relatives”.Relative in relation to a person is defined in the Corporations Act to mean the spouse, partner, son, daughter, or brother or sister of the person. |\n| Reporting period                  | In relation to APRA forms:Reporting period end for all APRA forms (i.e. annual and quarterly reporting) is based on the year of income of the superannuation entity, not a calendar year.The financial information requested in the forms is to be reported as at the last day of the reporting period on a year of income to date basis of the superannuation entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |","sortOrder":39},{"sectionNumber":"Form Name","sectionType":"part","heading":"Form Name","content":"## Form Name","sortOrder":40},{"sectionNumber":"Subject to Audit","sectionType":"part","heading":"Subject to Audit","content":"## Subject to Audit","sortOrder":41},{"sectionNumber":"Statement of Financial Performance","sectionType":"part","heading":"Statement of Financial Performance","content":"# Statement of Financial Performance","sortOrder":42},{"sectionNumber":"Yes","sectionType":"part","heading":"Yes","content":"# Yes","sortOrder":43},{"sectionNumber":"No","sectionType":"part","heading":"No","content":"# No","sortOrder":46},{"sectionNumber":"Derivative Financial Instruments","sectionType":"part","heading":"Derivative Financial Instruments","content":"# Derivative Financial Instruments","sortOrder":47},{"sectionNumber":"Exposure Concentrations","sectionType":"part","heading":"Exposure Concentrations","content":"## Exposure Concentrations","sortOrder":49},{"sectionNumber":"Transactions with Associated Parties","sectionType":"section","heading":"Transactions with Associated Parties","content":"###### Transactions with Associated Parties","sortOrder":51},{"sectionNumber":"Reporting period","sectionType":"part","heading":"Reporting period","content":"## Reporting period\n\nThe information requested in the above forms is to be reported for the financial year of the superannuation entity.\n\nLodgement requirements\n\nThe APRA Annual Return is required to be lodged with APRA within 4 months after the end of the financial year of the superannuation entity together with the Independent Audit Report from the auditor of the superannuation entity covering those forms that are noted as subject to audit.\n\nAmendments\n\nWhere the trustee of a superannuation entity makes a material adjustment to any data relating to the financial year for which the return has been lodged, an amended APRA Annual Return must be lodged with APRA.\n\nBasis of preparation\n\nIn completing these forms unless otherwise specifically stated in the instruction guide for each form:\n\nBasis of accounting (Cash vs Accruals):\n\nThe forms should be prepared on a basis consistent with the accounting treatment (cash or accruals basis) adopted by the superannuation entity for annual financial reporting purposes. APRA would ordinarily expect that regulated superannuation entities are ‘reporting entities’, and will therefore apply an accruals basis, in accordance with the requirements of Australian Accounting Standards and the guidance in APRA Superannuation Circular No. V.A.2.\n\nImportant!\n\nFor those superannuation entities subject to APRA quarterly reporting: Once selected, the basis of accounting used must be consistent for all 4 quarterly returns and the corresponding annual return.\n\nDirect vs Indirect investments:\n\nCertain items on the forms distinguish between ‘directly held’ investments and those which are not directly held.\n\n-   Directly held investments are those made by the superannuation entity in its own name, as part of the internal investment management function. This includes investments held by a custodian where these are held in Trust for the entity and the superannuation entity retains the decision-making function regarding the making and redeeming of particular investments within the portfolio.\n-   Investments that are not directly held include underlying investments that are held with external investment managers (such as investments in PSTs or unit trusts), and investments held via individually managed mandates/portfolios where the decision-making function regarding the making and redeeming of particular investments within the portfolio may rest with the investment manager.\n\nNetting off of Amounts:\n\nUnless otherwise specifically stated, data in the forms should be reported on a gross basis, with no netting, even where the institutions comply with the prerequisites for netting outlined in the current Australian Accounting Standards, notably ‘Set-off and Extinguishment of Debt’.\n\nInclude:\n\n-   All transactions of the superannuation entity regardless of the residency status of members or the location or registration of assets or liabilities;\n-   Unless otherwise indicated, report all items on the form as positive numbers;\n-   Investments and other exposures held directly by the superannuation entity (i.e. as part of its internal investment management).\n-   Investments and other exposures generated or held as part of an external individually managed mandate/portfolio or discretely managed portfolio of the superannuation entity (i.e. the superannuation entity is required to ‘look through’ investments in these structures to report the underlying investments, other exposures and liabilities of these arrangements).\n\nExclude:\n\n-   Do not include a consolidation of any controlled entities;\n-   The ‘look through’ provision does not apply to investments by the superannuation entity in investment management structures other than external individually managed mandates, in terms of reporting the underlying exposure of these investment vehicles (i.e. it does not extend to reporting the underlying investments in PSTs or public offer unit trusts; such investments are to be reported as investments in managed funds).\n\nTrustees of superannuation entities are to follow the Australian Accounting Standards, notably AAS 25 ‘Financial Reporting of Superannuation Plans’ and other mandatory and legislative requirements where applicable, regarding the interpretation, recognition and measurement of items of income, expense, assets and liabilities. AAS 25 requires a trustee of a superannuation entity to adopt net market value measurement where the superannuation entity is deemed to be a reporting entity. For the purposes of prudential reporting all trustees of superannuation entities are to adopt net market value measurement irrespective of their deemed reporting entity status.\n\nNet market value has the same meaning as defined in the Australian accounting standards notable AAS 25. A definition is provided in the ‘Glossary of Terms’. Any change in the values at which such assets are measured must be recognised as revenues (or losses) in the reporting period in which the change occurs.\n\nAccounting Standards AAS 4 ‘Depreciation’, AAS 10 ‘Recoverable Amount of Non\\-Current Assets’ and AASB 1041 ‘Revaluation of Non-Current Assets’ do not apply to such investments.","sortOrder":53},{"sectionNumber":"Market value of charged/encumbered asset","sectionType":"section","heading":"Market value of charged/encumbered assets","content":"###### Market value of charged/encumbered assets\n\nIf an asset is in any way subject to a charge, covenant, encumbrance, option to purchase or any other arrangement by way of agreement or statute, that restricts the net market value of the asset, the market value needs to reflect the existence of these arrangements. For example, if the superannuation entity has agreed to deliver an asset to a purchaser at a price below the arms length market value, the market value cannot exceed the agreed price.\n\nUnit of measurement\n\nThe above forms are to be prepared in thousands of Australian dollars (AUD), rounded to the nearest thousand, i.e. with no decimal place. As a general rule, amounts denominated in foreign currency are to be converted to AUD in accordance with the requirements of the current Australian accounting standards, notably Foreign Currency Translation.\n\nThe general requirements for translation are:\n\n1.  Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date.\n2.  Other items outstanding at the reporting date must not be re-translated subsequent to initial recognition of the transaction.\n\nMonetary items are defined to mean money held and assets and liabilities that are to be received or paid in fixed or determinable amounts of money (e.g. claim payments, reinsurance recoveries).\n\nMonetary items arising under foreign currency derivative contracts at the reporting date must be translated as follows:\n\n-   Where the exchange rate is fixed in the contract, at that fixed exchange rate; and\n-   Where the exchange rate varies, at the spot rate at the reporting date.\n\nThe general requirements for accounting treatment of exchange differences arising on translation are:\n\n1.  Exchange differences must be recognised as either revenues or expenses in the calculation of net profit or loss in the reporting period in which the exchange rates change.\n2.  Exchange differences that arise in respect of foreign currency monetary items which are directly attributable to the acquisition, construction or production of an asset that takes a long period of time to get ready for its intended use or sale, must be capitalised (net of any effects of a hedge) as part of the cost of that asset.","sortOrder":54},{"sectionNumber":"General definitions","sectionType":"subdivision","heading":"General definitions","content":"#### General definitions\n\nThe Glossary Terms contains definitions of commonly used terms in the instruction guides and the forms listed in the Reporting Requirements Table.\n\n| Item                              | Definition                                                                                                                                                                                                                                                                                                                            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--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Associates                        | Associate is defined consistent with the definition provided by the current Australian accounting standard regarding ‘Accounting for Investments in Associates’.Associate means an investee, not being:(a) a subsidiary of the investor; or(b) a partnership of the investor; or(c) an investment acquired and held exclusively with a view to its disposal in the near future.over which the investor has significant influence.Significant influence means the capacity of an entity to affect substantially (but not control) either, or both, of the financial and operating policies of another entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |\n| Controlled entity/Subsidiary      | Definitions of controlled entities/subsidiaries should be consistent with the requirements of the current Australian accounting standards regarding ‘Consolidated Financial Reports’.The current Australian accounting standards regarding ‘Consolidated Financial Reports’ defines a controlled entity/“subsidiary\" as meaning an entity, which is controlled by a parent entity. A parent entity is defined as an entity, which controls another entity.Entity means any legal, administrative, or fiduciary arrangement, organisational structure or other party (including a person) having the capacity to deploy scarce resources in order to achieve objectives.Control means the capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in pursuing the objectives of the controlling entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| Assets                            | Assets is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Liabilities                       | Liabilities is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Fair Value                        | Fair value means the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's-length transaction, and is determined as follows:The quoted market price in an active and liquid market (ie market value); orwhen there is infrequent activity in a market, the market is not well established, small volumes are traded relative to the asset or liability to be valued, or a quoted market price is not available – an estimate of a price for the asset or liability in an active and liquid market.For the purposes of the APRA forms, fair value should ignore transaction costs. Market value is defined for accounting purposes as a subset of fair value - refer to the definitions of market value and net market value below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Finance Lease                     | A finance lease over an asset is an arrangement under which the lessoreffectively transfers to the lessee substantially all the risks and benefits incident to ownership of the leased asset, and where legal ownership may eventually be transferred.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Goodwill                          | The current Australian accounting standards regarding ‘Accounting for Goodwill’ provides that goodwill represents the future benefits from unidentifiable assets. Only goodwill which is purchased by the entity as part of the acquisition of an asset(s) can be recognised (i.e. internally generated goodwill must not be recognised).Goodwill which is purchased by the entity, must be measured as the excess of the cost of acquisition incurred by the entity over the fair value of the identifiable net assets acquired.Purchased goodwill must be amortised so that it is recognised as an expense in the profit and loss account on a straight-line basis, over the period from the date of acquisition to the end of the period of time during which the benefits are expected to arise. This period must not exceed twenty years from the date of acquisition.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| Impairment                        | For the purposes of the APRA forms, impairment means that it is no longer considered probable that amounts of principal (or market value) and any associated amounts of accrued income (e.g. interest, dividends, distributions associated with the investment/asset) will be able to be collected by the superannuation entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Investment                        | Investment is to be interpreted in accordance with the Australian Accounting Standards and authoritative pronouncements and Statements of Accounting Concepts.In relation to superannuation entities, this generally means an asset held by the superannuation entity for the accretion of wealth by way of revenues such as interest, royalties, dividends, rentals and capital appreciation, but does not include operating assets.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Joint ventures                    | Defined in accordance with the current Australian accounting standards regarding ‘Interests in Joint Ventures’. Joint venture means a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control. Joint ventures can take the form of a joint venture entity or joint venture operation.Joint venture entity means a joint venture that is in the form of an entity and does not include:(a) an entity that is acquired and held exclusively with a view to its disposal in the near future(b) an entity that operates under severe long-term restrictions which impair significantly its ability to make distributions to the venturer.Joint venture operation means a joint venture that is not a joint venture entity and does not include an entity that:(a) is acquired and held exclusively with a view to its disposal in the near future(b) operates under severe long-term restrictions that impair significantly its ability to make distributions to the venturer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Life office/Life company          | A life insurance company is a company registered under the Life Insurance Act 1995. They provide insurance against death and disability and may also operate superannuation entities. Also known as life office.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Market value                      | Market value is defined for accounting purposes as a subset of fair value, and means the amount which could be expected to be received from the disposal of an asset in an active and liquid market.For the purposes of the forms, market value should ignore transaction costs. Refer also to the definition of net market value below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Net market value                  | Net market value means the amount which could be expected to be received from the disposal of an asset in an active and liquid market (i.e. market value) after deducting costs expected to be incurred in realising the proceeds of such a disposal. Refer also to the definition of market value above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |\n| Outside equity interest           | Defined consistent with the current Australian accounting standards regarding ‘Consolidated Financial Reports’ outside equity interest\" means the equity in the economic entity (consolidated group), other than that which can be attributed to the ownership group of the parent entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Parent entity                     | Parent entity is defined consistent with the current Australian accounting standards regarding ‘Consolidated Financial Reports’ and simply means an entity which controls another entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |\n| Pooled Superannuation Trust (PST) | A PST is a trust in which assets of a number of superannuation entities, approved deposit funds (ADFs) or other PSTs are invested and managed by a professional manager. The investment income of the PST is taxed at concessional rates within the PST.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Principal Value                   | Represents the notional or face value.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Related parties/entities          | For the purposes of this form, related entities are to be interpreted consistently with the meaning as in the current Australian accounting standards regarding ‘Related Party Disclosures’. It provides that related party means, in relation to a reporting entity, any:(a) other entity that at any time during the financial year, has control or significant influence over the reporting entity; or(b) other entity that at any time during the financial year, is subject to control or significant influence by the reporting entity (i.e. subsidiary or an associated entity); or(c) other entity that, at any time during the financial year, is controlled by the same entity that controls the reporting entity. Referred to as a situation in which entities are subject to common control (i.e. Joint Ventures); or(d) other entity that, at any time during the financial year, is controlled by the same entity that significantly influences the reporting entity; or(e) other entity that, at any time during the financial year, is significantly influenced by the same entity that controls the reporting entity; or(f) director of the reporting entity or any of their director-related entities; or(g) director of any other entity identified as a related party under any of paragraphs (a) to (e), or any of their director-related entities;but excludes any other entity (except those identified as a related party under paragraph (f)) where the related party relationship results solely from normal dealings of:(h) financial institutions; or(i) authorised trustee corporations; or(j) fund managers; or(k) trade unions; or(l) statutory authorities; or(m) government departments; or(n) local governmentsThe current Australian accounting standards define director-related entities as meaning “the spouses of such directors, relatives of such directors or spouses and any other entity under the joint or several control or significant influence of such directors, spouses or relatives”.Relative in relation to a person is defined in the Corporations Act to mean the spouse, partner, son, daughter, or brother or sister of the person. |\n| Reporting period                  | In relation to APRA forms:Reporting period end for all APRA forms (i.e. annual and quarterly reporting) is based on the year of income of the superannuation entity, not a calendar year.The financial information requested in the forms is to be reported as at the last day of the reporting period on a year of income to date basis of the superannuation entity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |","sortOrder":55}],"analysis":{"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"The instrument sets out its application and exclusions and contains no text indicating a change from the original stated scope. It applies to trustees of \"relevant registered superannuation entities\" as defined (excluding SAFs, SMSFs and single‑member ADFs), while preserving APRA's discretion to vary reporting frequency and make minor form changes."},"complexity_factors":["Detailed scope and exclusions (trustees of relevant registered superannuation entities; excludes SAFs, SMSFs, single‑member ADFs) (paras 2–5).","Multiple cross‑referenced forms and reconciliation rules (SRF 210.0, SRF 210.1, SRF 210.2, SRF 200.0, etc.) increasing matching and validation burden (instruction guide and item cross‑checks).","Granular classification of investments with mandatory \"look‑through\" for individually managed mandates and distinct treatment for pooled/externally managed funds (items 3.1–3.9, 3.6).","Strict measurement rules (net market value), no materiality threshold for disclosures and prescribed rounding/units (instruction guide).","Authorisation and audit requirements including digital signing and auditor testing of controls (paras 11–14; authorisation rules).","Validation rules and D2A authentication codes with re‑submission/audit implications (instruction guide: validation and authentication).","APRA discretions to change reporting frequency, grant due‑date extensions, and make minor form variations (paras 8, 10, 15–16).","Numerous accounting basis and translation rules (cash vs accruals, foreign currency, tax treatment) that must be applied consistently across returns (instruction guide, Annual Reporting Requirements).","Operational submission options and agent arrangements with extra trustee responsibilities when outsourcing (para 6, para 14)."],"plain_english_summary":"This reporting standard requires trustees of APRA‑regulated superannuation entities (excluding small APRA funds, self‑managed funds and single‑member ADFs) to submit an annual Statement of Financial Position (Form SRF 210.0) to APRA for prudential supervision. It prescribes what data to report, valuation and ‘‘look‑through’’ rules for certain managed mandates, submission methods, digital authorisation and audit checks.\n\nTrustees bear the compliance costs (data collection, audit, authorisation) and APRA can vary reporting frequency or waive procedural requirements; returns are due four months after period end."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":1990},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"The scope remains tightly focused on the original prudential supervision purpose. The instrument requires annual financial position reporting from relevant superannuation entity trustees to APRA, consistent with the enabling Financial Sector (Collection of Data) Act 2001. While the attached Instruction Guide contains granular detail about specific line items (investment classifications, tax treatments, etc.), this represents operational specification rather than scope creep. The exclusions for small funds, SMSFs and single-member funds maintain the original targeting of institutionally significant entities."},"complexity_factors":["18 defined terms requiring cross-reference to the Superannuation Industry (Supervision) Act 1993 and Australian Accounting Standards","Extensive cross-referencing between multiple forms (SRF 200.0, SRF 210.1, SRF 210.2, SRF 220.0, SRF 230.0, SRF 240.0, SRF 250.0, SRF 260.0) with mandatory reconciliation requirements","Nested conditional logic for submission methods (direct electronic, direct paper, agent electronic, agent paper) with different authorisation requirements for each pathway","Technical accounting distinctions between 'directly held' and 'indirectly held' investments, including 'look-through' requirements for individually managed mandates but not for pooled super trusts","Different valuation and reporting requirements for defined benefit versus defined contribution (accumulation) fund structures","Prescriptive validation rules requiring positive number reporting even for credit entries, with specific rounding rules (nearest thousand dollars) and prohibition on materiality exemptions","Complex derivative reporting requiring net position calculation across asset and liability sections, with separate treatment for directly held versus mandate-held derivatives"],"plain_english_summary":"Trustees of most APRA‑regulated superannuation funds must annually submit Form SRF 210.0 — a audited Statement of Financial Position showing assets and liabilities at net market value, distinguishing directly held from externally managed investments and, where required, “looking through” to underlying holdings. It excludes SMSFs, small APRA funds (fewer than five members) and single‑member approved deposit funds. The data lets APRA monitor funds’ financial health and prudential risks."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005","history":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005/history","analysis":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005/important-cases","documents":"/api/acts/financial-sector-collection-of-data-determination-no-52-of-2005/documents"}}