{"id":"F2015L01008","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2015 - SRS 700.0 - Product Dashboard","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":128930,"registerId":"commonwealth-F2015L01008-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"# Specific instructions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions.\n\nFor the purposes of these instructions, a ‘fee’ is an amount directly charged to members (regardless of who pays the fee) and a ‘cost’ is an amount incurred by the RSE licensee. The definitions of ‘fee’ and ‘cost’ are mutually exclusive.\n\nFor the purposes of these instructions, fees and costs must be reported ‘gross of tax obligations’ where ‘gross of tax obligations’ refers to gross of income tax, GST and stamp duty consistent with the manner in which they are required to be disclosed in Product Disclosure Statements, where applicable. Reference: Schedule 10 and Schedule 10D of the Corporations Regulations. This means the fees and costs must be reported prior to taking into account any benefit of a tax deduction relating to a fee that is passed on to a member either as a reduction in tax on contributions or through the deduction of a fee that is lower than what is reported to take account of the tax deduction.\n\nProduct dashboard\n\nPart A: Performance, investment risk, fees and costs\n\nItem 1 to item 4 inclusive collect information about the product dashboard with respect to a non-lifecycle MySuper product or a lifecycle stage of a lifecycle MySuper product.\n\nReporting basis: report item 1 and item 3 as at the reporting day; report item 2 in relation to changes in net assets during the ten most recent years ending 30 June (or, if shorter, the relevant offering period under rr. 7.9.07S(2), 7.9.07S(4), 7.9.07T(2) or 7.9.07T(4) of the Corporations Regulations, as relevant); and report item 4 in relation to fees and costs expected to be paid during the current year ending 30 June.\n\nUnit of measurement: report item 1 as a percentage of representative member balance to one decimal place; item 1.1 and item 2 column 1 as DD/MM/YYYY; report item 2 column 2, column 3 and column 4 as a percentage of representative member balance to two decimal places; report item 3 as a whole number to one decimal place; and report item 4 in whole dollars.\n\n| Item 1 | Information reported in item 1 relates to the return target on the product dashboard.[9]Report the return target for the non-lifecycle MySuper product or the return target for the lifecycle stage of a lifecycle MySuper product, as relevant, in item 1.Report the starting date for the return target in item 1.1.Note that the return target is calculated using a net return of a representative member. Net return of a representative member is defined in item 2.The definition of return target refers to growth in the CPI. Measure growth in CPI using the annual growth in CPI as reported by the Australian Bureau of Statistics in catalogue 6401.0 Consumer Price Index, Australia, data series ID A2325847F: Percentage change from corresponding quarter of previous year; All Groups CPI, Australia.Example: An RSE licensee may estimate a distribution of possible outcomes for the annualised percentage rate of net return that exceeds the growth in the CPI over ten years. The return target is the mean of this distribution.Note that the starting date for the return target is not required to be published on the product dashboard under the Corporations Act or Corporations Regulations, but is for APRA’s data collection purposes. |\n| ------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Return target | Represents the mean annualised estimate of the percentage rate of net return that exceeds the growth in the CPI over ten years. Reference: Corporations Act, s. 1017BA(2)(a)(i), Corporations Regulations, r. 7.9.07R. |\n| Starting date | Represents the date the return target was approved by the RSE licensee. |\n\n| Item 2 | Information reported in item 2 relates to the return[10] and a comparison between return target and return on the product dashboard.[11]Report each period for which the return must be calculated as a separate row in item 2.[12] |\n| ------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 2column 1 | Report the date to which the return relates in item 2 column 1.Example (report only full years to 30 June): if the MySuper product and predecessor product have been offered since 15 August 2010 and the reporting day is 30 June 2014, report the dates 30/06/2012, 30/06/2013 and 30/06/2014 as separate lines in item 2 column 1, representing the return for the years ending 30 June 2012, 30 June 2013 and 30 June 2014.Note that the first period (15 August 2010 to 30 June 2011) is a partial year and must not be included as a return calculated over a partial year is not comparable to a full year return. |\n| Item 2column 2 | For each date reported in item 2 column 1, report the return for the non-lifecycle MySuper product (or predecessor product[13]) or the return for the lifecycle stage of a lifecycle MySuper product (or predecessor product), as relevant, in column 2.Calculate the return in column 2 as the net return of a representative member.The net return of a representative member is the net investment return of a representative member minus administration fees, costs and taxes of a representative member and minus advice fees, costs and taxes of a representative member, where:administration fees, costs and taxes represents the sum of administration fees, indirect cost ratio administration costs, other administration costs and administration-related tax expense/benefit; andadvice fees, costs and taxes represents the sum of advice fees, indirect cost ratio advice costs, other advice costs and advice-related tax expense/benefit.Note that the calculation of the net return of a representative member must be consistent with the equivalent requirements for calculating the net return in Reporting Standard SRS 702.0 Investment Performance using the representative member to convert fees charged on a flat dollar basis into fees charged on a percentage of assets.Where there are multiple administration fee levels, or administration fees are subsidised by additional employer contributions, report the highest fee level and the fee payable from all sources, not only the fee paid by the member.Where the fees and costs have changed over time, the relevant administration fees, costs and taxes and advice fees, costs and taxes that were in place for the date reported in column 1 must be used in the net return calculation for that year. |\n| Item 2column 3 | For each date reported in item 2 column 1, report the ‘moving average return’[14] for the non-lifecycle MySuper product or the ‘moving average return’ for the lifecycle stage of a lifecycle MySuper product, as relevant, in column 3. Calculate the ‘moving average return’ in column 3 as:Where:t is the year reported in item 2 column 1;rMA,t is the moving average return calculated as at year t over the prior ten years (year t, t-1, t-2,...,t-9); andrt-i is the net return for year t-i where i = 0,...,9 (i.e. year t, t-1, t-2,…, t-9).If the net return does not exist and cannot be calculated for all years t, t-1, t-2,…, t-9, the moving average return for year t must not be calculated.For example, if the MySuper product has only existed for four years, the ten year moving average must not be calculated as ten years of history do not exist. |\n| Item 2column 4 | For each date reported in item 2 column 1, report the ‘moving average return target’[15] for the non-lifecycle MySuper product or the ‘moving average return target’ for the lifecycle stage of a lifecycle MySuper product, as relevant, in column 4.Calculate the ‘moving average return target’ in column 4 as follows.For each year in column 1 and the prior ten years, calculate an ‘actual target’ as the sum of:(1) the return target for that year as either:(a) the return target that existed for that year where the return target is calculated in accordance with item 1; or(b) where no return target existed for a given year, use the return target that existed closest to that year that is calculated in accordance with item 1; and(2) the annual growth in CPI as reported by the Australian Bureau of Statistics in catalogue 6401.0 Consumer Price Index, Australia, data series ID A2325847F: Percentage change from corresponding quarter of previous year; All Groups CPI, Australia.Calculate the ten year ‘moving average return target’ as the moving average of the actual target for each year reported in item column 1 as:Where:t is the year reported in item 2 column 1; andActualTargett-i is the actual target for year t-i where i = 0,...,9 (i.e. year t, t-1, t-2,…, t-9). |\n| Net investment return | Represents the time-weighted rate of return on investments, net of investment fees, indirect cost ratio investment costs, other investment costs and taxes on investment income, adjusted for cash flows as they occur. |\n| Representative member | Represents a member who is fully invested in the given investment option, who does not incur any activity fees during a year and who has an account balance of $50,000 throughout that year. Excludes: investment gains/losses on the $50,000 balance. |\n| Administration fees | Represents a fee within the meaning given in s. 29V(2) of the SIS Act, gross of tax obligations, that relates to the administration or operation of the fund. |\n| Indirect cost ratio | Represents the ratio of the total of the indirect costs for a MySuper product or an investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option. Reference cl. 104(1) of Schedule 10 to the Corporations Regulations. |\n| Indirect cost ratio administration costs | Represents the portion of the indirect cost ratio relating to administration costs. These costs must be shown gross of tax obligations. |\n| Other administration costs | Represents costs associated with administration charged to a member by way of a reduction in returns, deduction from contributions or deduction from account balance, but which were not explicitly disclosed in the Product Disclosure Statement. These costs must be shown gross of tax obligations. |\n| Administration related tax expense/benefit | Represents the tax expense or benefit derived from administration fees or costs charged to a member. |\n| Advice fees | Represents a fee within the meaning given in s. 29V(8) of the SIS Act, gross of tax obligations, that relates to the provision of financial product advice to a member by the RSE licensee and which is not incorporated into another fee. |\n\n \n\n| Indirect cost ratio advice costs | Represents the portion of the indirect cost ratio relating to advice costs. These costs must be shown gross of tax obligations. |\n| ---------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Other advice costs | Represents costs associated with advice charged to a member by way of a deduction from returns, deduction from contributions or deduction from account balance, which were not explicitly disclosed in the Product Disclosure Statement. These costs must be shown gross of tax obligations. |\n| Advice related tax expense/benefit | Represents the tax expense or benefit derived from advice expenses or due to advice related activities. |\n\n```html\n

Item 3

Information reported in item 3 relates to the level of investment risk on the product dashboard.[16]

Report the level of investment risk for the non-lifecycle MySuper product or the level of investment risk for the lifecycle stage of a lifecycle MySuper product, as relevant, in item 3 with the relevant risk label in item 3.1.

The relevant risk labels relating to each level of investment risk are:

Relevant risk label

Level of investment risk - estimated number of negative net investment returns over a 20 year period

Very low

Less than 0.5

Low

0.5 to less than 1

Low to medium

1 to less than 2

Medium

2 to less than 3

Medium to High

3 to less than 4

High

4 to less than 6

Very high

6 or greater

Refer to the Standard Risk Measure Guidance Paper For Trustees July 2011 and Standard Risk Measure, Implementation Guidance For Trustees December 2012 issued by the Association of Superannuation Funds of Australia and the Financial Services Council in respect of disclosure of investment risk, including risk labels.

Level of investment risk

Represents the estimated number of years in a 20 year period that the RSE licensee estimates that negative net investment returns will be incurred.

\n```\n\n| Item 4 | Information reported in item 4 relates to the statement of fees and other costs on the product dashboard.[17]Report the statement of fees and costs in item 4 as a prospective figure, based on the estimated fee and cost information annualised for the following year.Example: for SRF 700.0 submitted as at 30 June 2015, report the estimated fees and costs that the RSE licensee expects to apply in respect of the MySuper product for the year to 30 June 2016.Report the statement of fees and other costs for the non-lifecycle MySuper product or the statement of fees and other costs for the lifecycle stage of a lifecycle MySuper product, as relevant, in item 4.Calculate the statement of fees and other costs as the sum of:investment fees, indirect cost ratio investment costs and other investment costs for a representative member,administration fees, indirect cost ratio administration costs and other administration costs for a representative member; andadvice fees, indirect cost ratio advice costs and other advice costs for a representative member,for the year ending 30 June.Note that the calculation of investment, administration and advice fees and costs must be consistent with equivalent requirements in Reporting Standard SRS 702.0 Investment Performance using the representative member to convert fees charged on a percentage of assets basis into a dollar amount of fees. |\n| ------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Investment fee | Represents a fee within the meaning given in s. 29V(3) of the SIS Act, gross of tax obligations, that relates to the investment of the assets of the entity. |\n| Indirect cost ratio investment costs | Represents the portion of the indirect cost ratio that relates to investment costs. These costs must be shown gross of tax obligations. |\n| Other investment costs | Represents costs that relate to the investment of the assets of the fund, which were not explicitly disclosed in the Product Disclosure Statement. These costs must be shown gross of tax obligations. |\n\nPart B: Lifecycle MySuper products\n\nLifecycle stage factors\n\nItem 5 collects, for each lifecycle stage, information about the factors that describe members who are allocated to that particular lifecycle stage of a lifecycle MySuper product.\n\nReporting basis: report item 5 as at the reporting day.\n\nUnit of measurement: report item 5 column 1 and column 2 as a whole number; report item 5 column 4 and column 5 as thousands of dollars; report item 5 column 6 and column 7 as a percentage of member salary to two decimal places; report item 5 column 8 and column 9 as thousands of dollars per annum; report item 5 column 10 and column 11 as a whole number; report item 5 column 12 as text.\n\n| Item 5 | Item 5 is only to be completed for a lifecycle stage of a lifecycle MySuper product; otherwise, leave item 5 blank.Report each distinct combination of factors that defines the allocation of members to the lifecycle stage as a separate line in item 5.[18]Where a minimum allowable age is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable age in the stage in column 1. Where there is no minimum age set for the lifecycle stage, leave column 1 blank.Where a maximum allowable age is a factor used to determine whether a member is allocated to the lifecycle stage, report the maximum allowable age in the stage in column 2. Where there is no maximum age set for the lifecycle stage, leave column 2 blank.Example: A lifecycle stage covers members from ages 45 to 54. Report 45 in column 1 and 54 in column 2.Example: A lifecycle stage covers members from age 65 to death. Report 65 in column 1 and leave column 2 blank.Example: A lifecycle stage covers members born in the 1960s. When reporting as at 30 June 2015, report 55 in column 1 and 64 in column 2. Note that although stages based on decades would include members born in January to June of 1960 who would be 65 as at 30 June 2015 and July to December of 1969 who would be 54 as at 30 June 2015, report 55 and 64 to avoid overlapping ages across decades.Where a lifecycle stage is only available for a particular gender, report ‘female’, ‘male’ or ‘intersex or indeterminate’ in column 3 as relevant. Where gender is not a determinant for membership in a lifecycle stage, report ‘any’ in column 3.Example: A lifecycle stage covers males aged 45-50 and females aged 48-55. These two cohorts must be reported as two separate lines in item 5: one line would report 45 in column 1, 50 in column 2 and ‘male’ in column 3; the other line would report 48 in column 1, 55 in column 2 and ‘female’ in column 3.Where account balance is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable account balance in the stage in column 4 and the maximum allowable account balance in the stage in column 5. Where there is no minimum account balance set for the lifecycle stage, leave column 4 blank. Where there is no maximum account balance set for the lifecycle stage, leave column 5 blank.Example: A lifecycle stage covers members with account balances of more than $200,000. Report 200 in column 4 and leave column 5 blank.Where contribution rate is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable contribution rate within the stage in column 6 and the maximum allowable contribution rate in the stage in column 7. Where there is no minimum contribution rate set for the lifecycle stage, leave column 6 blank. Where there is no maximum contribution rate set for the lifecycle stage, leave column 7 blank.Example: A lifecycle stage covers members contributing no more than the statutory required employer contribution rates. For 2013 the statutory required employer contribution rate is 9.25 per cent. Leave column 6 blank and report 9.25 in column 7.Where current salary is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable current salary in the stage in column 8 and the maximum allowable current salary in the stage in column 9. Where there is no minimum current salary set for the lifecycle stage, leave column 8 blank. Where there is no maximum current salary set for the lifecycle stage, leave column 9 blank.Example: A lifecycle stage covers members with salaries between $70,000 and $90,000. Report 70 in column 8 and 90 in column 9.Where the RSE licensee’s opinion about the time remaining before a member could be expected to retire is a factor used to determine whether a member is allocated to the lifecycle stage, report the minimum allowable time remaining to retirement in the stage in column 10 and the maximum allowable time remaining to retirement in the stage in column 11. Where there is no minimum time remaining to retirement set for the lifecycle stage, leave column 10 blank. Where there is no maximum time remaining to retirement set for the lifecycle stage, leave column 11 blank.Example: A lifecycle stage covers members with 15 to 20 years remaining to retirement. Report 15 in column 10 and 20 in column 11.Where another factor allowable under SIS Regulations is used to determine membership in a lifecycle stage, report that factor in column 12. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":0},{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"# Interpretation\n\nFor the purposes of these instructions:\n\n- Corporations Act means the Corporations Act 2001;\n- Corporations Regulations means the Corporations Regulations 2001;\n- CPI means consumer price index as defined for the purposes of the Australian Bureau of Statistics in catalogue 6401.0 series id A2325846C, Index number; All groups; Australia;\n- employer sponsor has the meaning given in section 16(1) of the SIS Act;\n- financial product advice has the meaning given in section 766B of the Corporations Act;\n- lifecycle exception has the meaning given in section 29TC(2) of the SIS Act;\n- lifecycle MySuper product means a MySuper product to which a lifecycle exception applies;\n- lifecycle stage of a lifecycle MySuper product means a subclass of members of the RSE within which the lifecycle MySuper product is located who hold that product, determined on the basis of age or age and the factors mentioned in regulation 9.47 of the SIS Regulations;\n- MySuper product means a MySuper product within the meaning of section 10(1) of the SIS Act;\n- non-lifecycle MySuper product means a MySuper product to which a lifecycle exception does not apply;\n- predecessor product has the meaning given in regulation 7.9.07N of the Corporations Regulations;\n- reporting day means a day on which an RSE licensee is required by paragraph 8(a), 8(b) or 8(c) of Reporting Standard SRS 700.0 Product Dashboard to report information to APRA;\n- RSE means registrable superannuation entity as defined in subsection 10(1) of the SIS Act;\n- RSE licensee has the meaning in subsection 10(1) of the SIS Act;\n- SIS Act means Superannuation Industry (Supervision) Act 1993; and\n- SIS Regulations means Superannuation Industry (Supervision) Regulations 1994.","sortOrder":1}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"This is a technical reporting standard that implements specific disclosure requirements introduced by the Stronger Super reforms and the Corporations Act amendments regarding MySuper product dashboards. It remains tightly focused on its original purpose: collecting standardized data about superannuation product performance and fees for regulatory oversight. The scope has not expanded beyond this data collection function."},"complexity_factors":["Extensive cross-referencing to other legislation (Corporations Act, SIS Act, SIS Regulations, Corporations Regulations, other APRA reporting standards like SRS 702.0)","Mathematical formulas for calculating moving averages and net returns with nested variables (t, rMA,t, rt-i)","Multiple defined terms (approximately 20+ defined terms in the interpretation section plus inline definitions)","Conditional reporting logic — different rules apply depending on whether the product is 'lifecycle' or 'non-lifecycle', whether it's a full or partial year, and whether 10 years of history exists","Precise measurement requirements with specific decimal places and units (percentages to 1 or 2 decimal places, whole dollars, thousands of dollars, dates in DD/MM/YYYY format)","Complex fee calculations requiring 'gross of tax' adjustments and conversion between percentage-based and flat-dollar fees using the 'representative member' concept","Nested tables and multi-column reporting structures (Item 5 has 12 columns with interdependent rules about when to leave cells blank)"],"plain_english_summary":"This APRA reporting standard requires MySuper providers to collect and submit product-dashboard data — including return targets and actual 10‑year returns, investment‑risk ratings, representative fees (for a $50,000 member) and lifecycle details — so the regulator can monitor compliance. It affects MySuper funds and, indirectly, members by improving transparency and apples‑to‑apples comparability."},"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"The instrument does not expand or narrow which products fall within reporting obligations. It specifies the content, formats, units, calculation rules and definitions to be used when reporting Product Dashboard information for MySuper products and lifecycle stages to APRA, thereby clarifying reporting mechanics rather than altering the coverage of the reporting regime."},"complexity_factors":["Multiple precise numerical calculations and timeframes: ten‑year moving averages for returns and return targets (Item 2, columns 3–4) requiring full historical series or exclusion where data is incomplete.","Representative member construct and conversion rules: use of a $50,000 constant balance representative member, exclusion of investment gains on that balance, and conversion of flat fees to percentage/ dollar amounts (definitions; Item 2 column 2; cross‑reference to SRS 702.0).","Fees and costs reporting 'gross of tax obligations' (income tax, GST, stamp duty) with aggregation across investment, administration and advice categories and indirect cost ratio splits (top instructions; Item 4; definitions of administration/advice/indirect cost ratio).","Temporal reporting rules: differing reporting bases for items (reporting day for items 1 & 3, ten most recent years for item 2, prospective year for item 4) and required numeric precision and units (reporting basis; Unit of measurement).","Lifecycle allocation matrix complexity: item 5 requires reporting each distinct combination of age, gender, balance, contribution rate, salary, and retirement horizon factors as separate lines (Item 5), increasing data dimensionality for lifecycle products.","Dependence on external data series and guidance: CPI series from ABS for return target adjustments and reliance on industry guidance papers for risk labelling (Item 1; Item 3).","Cross‑regulatory references and predecessor product treatment: requires consistency with Corporations Act/Regulations, SIS Act/Regulations and other reporting standards; handling predecessor products for historical returns (Interpretation; Item 2).","Discretion and estimation points: return target is an RSE licensee estimate (mean of a distribution), and fees for the prospective year are estimated and annualised, creating judgement and model‑risk in reported figures (Item 1; Item 4)."],"plain_english_summary":"This determination prescribes the exact data fields, calculation rules and reporting format that RSE licensees must submit to APRA for the Product Dashboard of MySuper products (both non‑lifecycle products and lifecycle stages). It defines how to compute return targets, historical returns (including ten‑year moving averages), investment risk labels, and a prospective statement of fees and costs (reported gross of tax). It matters because it standardises what trustees must measure and report, creating specific compliance, calculation and disclosure obligations for superannuation funds."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-21-of-2015-srs-700-0-product/documents"}}