{"id":"F2015L00825","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2015 - SRS 710.0 - Conditions of Release","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":128618,"registerId":"commonwealth-F2015L00825-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2015 - SRS 710.0 - Conditions of Release","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 22 of 2015\n\nReporting Standard SRS 710.0 Conditions of Release\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Charles Littrell, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:\n\n(a) REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 93 of 2013, including Reporting Standard SRS 710.0 Conditions of Release made under that Determination; and\n\n(b) DETERMINE Reporting Standard SRS 710.0 Conditions of Release, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.\n\nUnder section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 July 2015.\n\nThis instrument commences on the date of registration on the Federal Register of Legislative Instruments.\n\nDated: 10 June 2015\n\n\\[Signed\\]\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Statistics and International Division\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nfinancial sector entity has the meaning given by section 5 of the Act.\n\nSchedule\n\nReporting Standard SRS 710.0 Conditions of Release comprises the 11 pages commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard SRS 710.0\n\nConditions of Release\n\nObjective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to membership activities relating to conditions of release in the operations of a registrable superannuation entity.\n\nIt includes Form SRF 710.0 Conditions of Release and associated specific instructions.\n\nAuthority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nPurpose\n\n2. Information collected in Form SRF 710.0 Conditions of Release (SRF 710.0) is used by APRA for the purposes of prudential supervision and publication.\n\nApplication and commencement\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations.[\\[1\\]](#_ftn1)\n\n4. This Reporting Standard applies for reporting periods ending on or after 1 July 2015.\n\nInformation required\n\n5. An RSE licensee to which this Reporting Standard applies must provide APRA with the information required by SRF 710.0 in respect of each reporting period.\n\nForms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic format using the ‘Direct to APRA’ application or, where ‘Direct to APRA’ is not available, by a method notified by APRA, in writing, prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\nReporting periods and due dates\n\n7. Subject to paragraph 8, an RSE licensee to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each year of income of each RSE, defined benefit RSE or ERF within its business operations.\n\n8. If, having regard to the particular circumstances of an RSE, defined benefit RSE or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 7, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or ERF.\n\n9. The information required by this Reporting Standard must be provided to APRA:\n\n(a) within three months after the end of the year of income to which the information relates; and\n\n(b) in the case of information provided in accordance with paragraph 8, within the time specified by notice in writing.\n\n10. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or ERFs within its business operations, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\nQuality control\n\n11. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or ERF to which the information relates.[\\[2\\]](#_ftn2) This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of SPS 310.\n\n12. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.\n\nAuthorisation\n\n13. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using the ‘Direct to APRA’ software, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits using the ‘Direct to APRA’ software on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.\n\nVariations\n\n16. APRA may, by written notice to an RSE licensee, vary the reporting requirements of SRF 710.0 in relation to that RSE licensee or one or more RSEs, defined benefit RSEs or ERFs within that RSE licensee’s business operations.\n\nInterpretation\n\n17. In this Reporting Standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;\n\nChief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[\\[3\\]](#_ftn3);\n\nChief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called;\n\ndefined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10;\n\neligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;\n\nreporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 8;\n\nRSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4);\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard;\n\nRSE licensee has the meaning given in section 10(1) of the SIS Act;\n\nSIS Act means Superannuation Industry (Supervision) Act 1993; and\n\nyear of income has the meaning given in section 10(1) of the SIS Act.\n\n| SRF 710.0: Conditions of Release |\n| -------------------------------- |\n\n| Australian Business Number | Institution Name |                         |\n| -------------------------- | ---------------- | ----------------------- |\n|                            |                  |                         |\n| Reporting Period           | Scale Factor     | Reporting Consolidation |\n|                            |                  |                         |\n\n| Lump sum benefit payments by condition of release |\n| ------------------------------------------------- |\n\n| Condition of release                                        | Member accounts | Lump sum benefit payment |\n| ----------------------------------------------------------- | --------------- | ------------------------ |\n| (1)                                                         | (2)             | (3)                      |\n| Retirement condition of release                             |                 |                          |\n| Death condition of release                                  |                 |                          |\n| Terminal medical condition condition of release             |                 |                          |\n| Permanent incapacity condition of release                   |                 |                          |\n| Termination condition of release                            |                 |                          |\n| Severe financial hardship condition of release              |                 |                          |\n| Attaining age 65 condition of release                       |                 |                          |\n| Compassionate grounds condition of release                  |                 |                          |\n| Temporary incapacity condition of release                   |                 |                          |\n| Attaining preservation age condition of release             |                 |                          |\n| Excess contributions tax (ECT) release condition of release |                 |                          |\n| Unclaimed money and lost members condition of release       |                 |                          |\n| Lost member who is found condition of release               |                 |                          |\n| Termination with less than $200 condition of release        |                 |                          |\n| Other conditions of release                                 |                 |                          |\n\n1.1 Other lump sum benefit payments\n\n|                                                      | Member accounts | Lump sum benefit payment |\n| ---------------------------------------------------- | --------------- | ------------------------ |\n|                                                      | (1)             | (2)                      |\n| 1.1.1 Release of unrestricted non-preserved benefits |                 |                          |\n\n  \n\n| 2. Pension benefit accounts opened during this reporting period |\n| --------------------------------------------------------------- |\n\n| Condition of release                                        | Member accounts | Pension benefit payment |\n| ----------------------------------------------------------- | --------------- | ----------------------- |\n| (1)                                                         | (2)             | (3)                     |\n| Retirement condition of release                             |                 |                         |\n| Death condition of release                                  |                 |                         |\n| Terminal medical condition condition of release             |                 |                         |\n| Permanent incapacity condition of release                   |                 |                         |\n| Termination condition of release                            |                 |                         |\n| Severe financial hardship condition of release              |                 |                         |\n| Attaining age 65 condition of release                       |                 |                         |\n| Compassionate grounds condition of release                  |                 |                         |\n| Temporary incapacity condition of release                   |                 |                         |\n| Attaining preservation age condition of release             |                 |                         |\n| Excess contributions tax (ECT) release condition of release |                 |                         |\n| Unclaimed money and lost members condition of release       |                 |                         |\n| Lost member who is found condition of release               |                 |                         |\n| Termination with less than $200 condition of release        |                 |                         |\n| Other conditions of release                                 |                 |                         |\n\n2.1 Other pension benefit payments\n\n|                                                      | Member accounts | Lump sum benefit payment |\n| ---------------------------------------------------- | --------------- | ------------------------ |\n|                                                      | (1)             | (2)                      |\n| 2.1.1 Release of unrestricted non-preserved benefits |                 |                          |\n\nReporting Form SRF 710.0\n\nConditions of Release\n\nInstructions\n\nThese instructions assist completion of Reporting Form SRF 710.0 Conditions of Release (SRF 710.0). SRF 710.0 collects information relating to the operations of an RSE, specifically membership activities. Information reported in SRF 710.0 is primarily required for prudential, publication and statistical purposes.\n\nReporting level\n\nSRF 710.0 must be completed for each RSE, defined benefit RSE and eligible rollover fund (ERF).\n\nReporting basis and unit of measurement\n\nReport all items on SRF 710.0 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nItems on SRF 710.0 must be reported in respect of transactions that occurred during the reporting period.\n\nItems on SRF 710.0 are to be reported as thousands of dollars and whole numbers.\n\nThese instructions specify the unit of measurement that applies to each item.\n\nSpecific instructions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions. Additional definitions are provided at the end of these instructions.\n\nLump sum benefit payments by condition of release\n\nItem 1 collects information on lump sum benefit payments from the RSE.\n\nReporting basis: report item 1 column 2 and item 1 column 3 in respect of transactions that occurred during the reporting period.\n\nUnit of measurement: report item 1 column 2 as a whole number; report item 1 column 3 as thousands of dollars.\n\n| Item 1                              | Report lump sum benefit payments by condition of release type in item 1. For the condition of release reported in column 1, report the number of member accounts from which a lump sum benefit payment was made in column 2 and the value of lump sum benefits paid in column 3.The conditions of release types are: retirement, death, terminal medical condition, permanent incapacity, termination, severe financial hardship, attaining age 65, compassionate grounds, temporary incapacity, attaining preservation age, excess contributions tax (ECT) release, unclaimed money and lost members, lost member who is found, termination with less than $200 or other condition of release.Where a condition of release is not known but has been previously met resulting in members’ benefits being classified as unrestricted non-preserved benefits, report lump sum benefit payments made as ‘release of unrestricted non-preserved benefits’ in item 1.1. Report the number of member accounts from which a lump sum benefit payment was made in column 1 and the value of lump sum benefits paid in column 2.Where the condition of release is known in respect of a lump sum benefit payment, this amount must be reported in item 1. |\n| ----------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Lump sum benefit payment            | Represents benefit payments that have been paid as a lump sum under a condition of release, from pooled superannuation trust arrangements or classed as another benefit payment type. Includes: insurance claim benefits or proceeds first credited to members’ accounts and subsequently disbursed along with members’ benefits to the member or beneficiary. Reference: SIS Regulations, Schedule 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Member account                      | A distinct entry recorded in the register of member accounts (or other equivalent mechanism).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |\n| Unrestricted non-preserved benefits | Represents unrestricted non-preserved benefits within the meaning given in SIS Regulations, Subdivision 6.1.4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n\nPension benefit accounts commenced\n\nItem 2 collects information on pension benefit accounts opened in the RSE.\n\nReporting basis: report item 2 column 2 and item 2 column 3 in respect of transactions that occurred during the reporting period.\n\nUnit of measurement: report item 2 column 2 as a whole number; report item 2 column 3 as thousands of dollars.\n\n| Item 2                  | Report pension benefit accounts opened during the period by condition of release type in item 2. For the condition of release reported in column 1, report the number of member accounts from which a pension benefit account was opened under in column 2 and the value of pension benefit payments paid in column 3.The condition of release types are: retirement, death, terminal medical condition, permanent incapacity, termination, severe financial hardship, attaining age 65, compassionate grounds, temporary incapacity, attaining preservation age, excess contributions tax (ECT) release, unclaimed money and lost members, lost member who is found, termination with less than $200 or other condition of release.Where a condition of release has been previously met resulting in members’ benefits being classified as unrestricted non-preserved benefits, report payments from pension benefit accounts opened during the period as ‘release of unrestricted non-preserved benefits’ in item 2.1. Report the number of member accounts from which a pension benefit payment was made in column 1 and the value of pension benefits paid in column 2.Where the condition of release is known in respect of a pension benefit account, this amount must be reported in item 2. |\n| ----------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Pension benefit account | Represents the member account or portion thereof, from which pension benefit payments are payable under a condition of release. Includes: complying pensions, allocated pensions, annuity payments and payments from longevity products/variable annuities. Excludes: amounts resulting from the commutation of pension benefits. Reference: SIS Regulations, r. 1.05 and r. 1.06.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |\n| Pension benefit payment | Represents benefit payments that have been paid as a pension under a condition of release. Includes: account based pension, transition to retirement pension, allocated pensions, annuity payments and other pension income streams. Excludes: transfers, including rollovers and successor fund transfers, within the superannuation system. Reference: SIS Regulations, Divisions 6.2 and 6.3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n\nGlossary of additional terms\n\nConditions of release\n\n| Retirement condition of release           | Represents benefit payments made to a beneficiary based on satisfaction of the retirement condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                         |\n| ----------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Death condition of release                | Represents benefit payments made to a beneficiary based on satisfaction of the death condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                              |\n| Terminal medical condition of release     | Represents benefit payments made to a beneficiary based on satisfaction of the terminal medical condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                   |\n| Permanent incapacity condition of release | Represents benefit payments made to a beneficiary based on satisfaction of the permanent incapacity condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                               |\n| Termination condition of release          | Represents benefit payments made to a beneficiary based on satisfaction of the termination condition of release, within the meaning given in SIS Regulations, Schedule 1. Excludes: rollovers following a termination event and termination with less than $200. |\n\n  \n\n| Severe financial hardship condition of release              | Represents benefit payments made to a beneficiary based on satisfaction of the severe financial hardship condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                               |\n| ----------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Attaining age 65 condition of release                       | Represents benefit payments made to a beneficiary based on satisfaction of the attaining age 65 condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                                        |\n| Compassionate grounds condition of release                  | Represents benefit payments made to a beneficiary based on satisfaction of the compassionate grounds condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                                   |\n| Temporary incapacity condition of release                   | Represents benefit payments made to a beneficiary based on satisfaction of the temporary incapacity condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                                    |\n| Attaining preservation age condition of release             | Represents benefit payments made to a beneficiary based on satisfaction of the attaining preservation age condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                              |\n| Excess contributions tax (ECT) release condition of release | Represents benefit payments made to a beneficiary based on satisfaction of the Excess contributions tax (ECT) release condition of release, within the meaning given in SIS Regulations, Schedule 1.                                                                                  |\n| Unclaimed money and lost members condition of release       | Represents benefit payments made to the ATO based on satisfaction of the unclaimed money and lost members condition of release, within the meaning given in SIS Regulations, Schedule 1, Item 103B and under the Superannuation (Unclaimed Money and Lost Members) Act 1999, Part 4A. |\n| Lost member who is found condition of release               | Represents benefit payments made to a beneficiary based on satisfaction of the lost member condition of release, within the meaning given in SIS Regulations, Schedule 1, Item 111.                                                                                                   |\n| Termination with less than $200 condition of release        | Represents benefit payments made to a beneficiary based on satisfaction of the termination of employment with less than $200 condition of release, within the meaning given in SIS Regulations, Schedule 1, Item 104. Excludes: rollovers following a termination event.              |\n\nInterpretation\n\nFor the purposes of these instructions:\n\n-   defined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;\n-   eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;\n-   RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a small APRA fund or single member approved deposit fund[\\[5\\]](#_ftn5);\n-   RSE licensee has the meaning given in section 10(1) of the SIS Act;\n-   SIS Act means Superannuation Industry (Supervision) Act 1993; and\n-   SIS Regulations means the Superannuation Industry (Supervision) Regulations 1994.\n\n---\n\n[\\[1\\]](#_ftnref1) For the purposes of this Reporting Standard, an ‘RSE licensee’s business operations’ includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE, defined benefit RSE or ERF, the RSE licensee must separately provide the information required by the form for each RSE, defined benefit RSE or ERF within its business operations. An RSE licensee that does not have any RSEs, defined benefit RSEs or ERFs within its business operations is not required to provide information under this Reporting Standard.\n\n[\\[2\\]](#_ftnref2) Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n[\\[3\\]](#_ftnref3) Refer to Prudential Standard SPS 510 Governance.\n\n[\\[4\\]](#_ftnref4) For the purposes of this Reporting Standard, ‘pooled superannuation trust’ has the meaning given in section 10(1) of the SIS Act, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.\n\n[\\[5\\]](#_ftnref5) For the purposes of these instructions, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.","sortOrder":0}],"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":4,"scope_assessment":{"changed":false,"description":"This instrument remains tightly focused on its original purpose: collecting data about conditions of release for superannuation benefits. It replaces a 2013 determination with updated requirements but does not expand beyond the core function of data collection for prudential supervision and statistical publication. The scope is consistent with the Financial Sector (Collection of Data) Act 2001 framework."},"complexity_factors":["Multiple defined terms (17+ defined terms across the instrument including cross-references to external legislation like the SIS Act and SIS Regulations)","Nested definitions (e.g., 'RSE' excludes defined benefit RSEs, pooled superannuation trusts, ERFs, small APRA funds, and single member approved deposit funds — with footnotes adding further exclusions)","Cross-references to external prudential standards (SPS 160, SPS 310, SPS 510) and legislation (SIS Act, SIS Regulations, Financial Sector (Collection of Data) Act 2001)","Conditional reporting requirements (paragraph 8 allows APRA to alter reporting periods; paragraph 16 allows APRA to vary requirements by written notice)","Dual reporting tracks for lump sums and pensions, each with 15+ condition of release categories plus catch-all 'other' categories","Specific unit of measurement requirements (thousands of dollars, whole numbers) that vary by column","Quality control requirements involving external audit assurance (limited assurance engagement consistent with professional standards)","Digital signature and authorisation requirements with hierarchical approval (CEO or CFO only)"],"plain_english_summary":"This APRA reporting standard requires RSE licensees (most super funds, excluding very small or single-member ADFs) to submit Form SRF 710.0 annually — within three months after year‑end and electronically via Direct to APRA — recording counts and dollar values of lump‑sum payments and pension starts and the reasons members accessed benefits. APRA uses the data for prudential supervision and public statistics; reports must be produced under auditor review and authorised by the fund’s CEO/CFO, with APRA able to vary timing."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument revokes the 2013 Determination and replaces it with this Reporting Standard but, on its face, applies to the same classes: each RSE licensee in respect of each RSE, defined benefit RSE and ERF within its business operations (paragraph 3 and footnote 1). The text provided does not indicate a widening or narrowing of the covered entity categories or an evident change to the core subject matter reported (conditions of release)."},"complexity_factors":["Multiple covered entities and per‑RSE reporting requirement: applies to each RSE, defined benefit RSE and ERF within an RSE licensee’s business operations (paragraph 3; footnote 1) — increases reporting instances and aggregation effort.","Default annual frequency with APRA discretion to vary reporting cadence: annual reporting for each year of income (paragraph 7) but APRA may require more or less frequent reporting by notice (paragraph 8) — adds regulatory uncertainty for scheduling.","Fixed submission deadlines and extension mechanism: three months after year end (paragraph 9(a)) with APRA extensions available in writing (paragraph 10) — creates time‑bound compliance risk.","Mandatory electronic channel and digital signature: submission via 'Direct to APRA' or APRA‑notified method (paragraph 6) and digital signing required (paragraph 13) — imposes IT/process requirements.","Quality control and assurance requirement: data must be produced from systems and controls reviewed and tested by the RSE auditor, at least to a limited assurance engagement consistent with professional standards (paragraph 11) — creates audit and remediation workload.","Internal governance and authorisation obligations: board/senior management responsibility for policies and CEO/CFO authorisation of submitters (paragraphs 12 and 15) — adds governance steps and accountability.","APRA variation power over form content and entity‑specific requirements: APRA may vary reporting requirements by written notice (paragraph 16) — discretionary regulatory changes can alter scope/format.","Detailed item definitions and units: instructions require reporting by specified units (thousands, whole numbers) and adopt accounting standards and SIS Regulations cross‑references (Instructions, Glossary) — requires mapping from accounting systems to form fields.","Per‑fund granularity and exclusions: separate completion for each RSE/ERF and specific exclusions (footnotes; Definitions) — increases data collection and classification complexity."],"plain_english_summary":"This Reporting Standard (SRS 710.0) requires registrable superannuation entity (RSE) licensees to submit electronic data, each reporting period, on lump‑sum and pension payments categorised by condition‑of‑release. APRA collects the information for prudential supervision and publication. It affects RSE licensees, defined benefit RSEs and eligible rollover funds and creates recurring operational obligations: annual (unless APRA varies) submissions, auditor review of reporting controls, digital signing and authorised officer certification."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2015-srs-710-0-conditi/documents"}}