{"id":"F2021L01285","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2021","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":102074,"registerId":"commonwealth-F2021L01285-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard SRS 706.0","sectionType":"part","heading":"Reporting Standard SRS 706.0","content":"![](image.002.png)\n\n# Reporting Standard SRS 706.0\n\n# Fees and Costs Disclosed\n\n![](image.003.png)\n\n### Authority\n\n1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n### Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.\n\n### Application\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\n### Commencement\n\n4. This Reporting Standard applies to reporting periods ending on and after 30 June 2021.\n\n### Reporting periods\n\n5. Reporting periods under this Reporting Standard are each year ending 30 June.\n\n### Initial information required\n\n6. An RSE licensee must provide information required by this Reporting Standard in respect of 30 June 2021, in respect of:\n\n(a) an investment option underlying a MySuper product;\n\n(b) a trustee-directed product;\n\n(c) a superannuation product or investment menu providing an investment pathway to (a); or\n\n(d) a superannuation product or investment menu providing an investment pathway to (b).\n\n7. For the reporting period under paragraph 5 ending on 30 June 2021;\n\n(a) in respect of paragraph 6(a) and 6(c), an RSE licensee must provide the information required by paragraph 6, by 30 September 2021.\n\n(b) in respect of paragraph 6(b) and 6(d), an RSE licensee must provide all information required by paragraph 6, by 28 October 2021.\n\nInformation required\n\n8. RSE licensees must provide information required by this Reporting Standard in respect of:\n\n(a) 30 June 2022; and\n\n(b) each subsequent 30 June.\n\n9. An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 28 days after the end of the relevant reporting day.\n\nAd-hoc information required\n\n10. Where an RSE licensee makes a change to information relating to fees and costs that the RSE licensee is required to disclose to members, resulting in a change to information reported under this Reporting Standard, the RSE licensee must provide updated information required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change or the next due date in paragraph 7.\n\nQuarterly attestation required\n\n11. An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 10.\n\n12. An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 11, within 28 days after the end of each calendar quarter.\n\nNotices\n\n13. 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 8, APRA may, by notice in writing, change the reporting day for the particular RSE, defined benefit RSE, PST or ERF.\n\n14. Where APRA has changed the reporting day under paragraph 13, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n\n15. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.\n\nNote: For the avoidance of doubt, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to submit the information required no later than the due date.\n\n### Form and method of submission\n\n16. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.\n\n### Quality control\n\n17. 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 Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n18. 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, procedures and controls for the authorisation of information submitted to APRA is in place.\n\n### Authorisation\n\n19. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n20. If the information required by this Reporting Standard is provided by an agent who submits the information 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\n21. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or 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\n### Minor alterations to forms and instructions\n\n22. 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\nwithout changing any substantive requirement in the form or instructions.\n\n23. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\n### Interpretation\n\n24. 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 has the meaning of a defined benefit fund in subsection 10(1) of the SIS Act.\n\ndisclosure means a disclosure made pursuant to Division 2 or Division 3 of Part 7.9 of the Corporations Act 2001.\n\ndue date means the relevant due date under paragraph 7, 9, 10, 12, or if applicable, paragraph 15 of this Reporting Standard.\n\neligible rollover fund (ERF) has the meaning given in subsection 10(1) of the SIS Act.\n\ninvestment menu has the meaning given in SRS 101.0.\n\ninvestment option has the meaning given in SRS 101.0.\n\nan investment pathway is provided by a superannuation product, or an investment menu, to an investment option, if it is possible for a member to invest in the investment option through that superannuation product or investment menu.\n\nMySuper product has the meaning given in subsection 10(1) of the SIS Act.\n\nreporting day means a day mentioned in paragraph 8 or, if applicable, paragraph 13 of this Reporting Standard.\n\nRSE means a registrable superannuation entity as defined in subsection 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 subsection 10(1) of the SIS Act.\n\nSIS Act means Superannuation Industry (Supervision) Act 1993.\n\nSRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.\n\nsuperannuation product has the meaning given in SRS 101.0.\n\n25. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n26. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":0},{"sectionNumber":"Fees and Costs Disclosed","sectionType":"part","heading":"Fees and Costs Disclosed","content":"# Fees and Costs Disclosed\n\n![](image.003.png)","sortOrder":1},{"sectionNumber":"Authority","sectionType":"division","heading":"Authority","content":"### Authority\n\n1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.","sortOrder":2},{"sectionNumber":"Purpose","sectionType":"division","heading":"Purpose","content":"### Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.","sortOrder":3},{"sectionNumber":"Application","sectionType":"division","heading":"Application","content":"### Application\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).","sortOrder":4},{"sectionNumber":"Commencement","sectionType":"division","heading":"Commencement","content":"### Commencement\n\n4. This Reporting Standard applies to reporting periods ending on and after 30 June 2021.","sortOrder":5},{"sectionNumber":"Reporting periods","sectionType":"division","heading":"Reporting periods","content":"### Reporting periods\n\n5. Reporting periods under this Reporting Standard are each year ending 30 June.","sortOrder":6},{"sectionNumber":"Initial information required","sectionType":"division","heading":"Initial information required","content":"### Initial information required\n\n6. An RSE licensee must provide information required by this Reporting Standard in respect of 30 June 2021, in respect of:\n\n(a) an investment option underlying a MySuper product;\n\n(b) a trustee-directed product;\n\n(c) a superannuation product or investment menu providing an investment pathway to (a); or\n\n(d) a superannuation product or investment menu providing an investment pathway to (b).\n\n7. For the reporting period under paragraph 5 ending on 30 June 2021;\n\n(a) in respect of paragraph 6(a) and 6(c), an RSE licensee must provide the information required by paragraph 6, by 30 September 2021.\n\n(b) in respect of paragraph 6(b) and 6(d), an RSE licensee must provide all information required by paragraph 6, by 28 October 2021.\n\nInformation required\n\n8. RSE licensees must provide information required by this Reporting Standard in respect of:\n\n(a) 30 June 2022; and\n\n(b) each subsequent 30 June.\n\n9. An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 28 days after the end of the relevant reporting day.\n\nAd-hoc information required\n\n10. Where an RSE licensee makes a change to information relating to fees and costs that the RSE licensee is required to disclose to members, resulting in a change to information reported under this Reporting Standard, the RSE licensee must provide updated information required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change or the next due date in paragraph 7.\n\nQuarterly attestation required\n\n11. An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 10.\n\n12. An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 11, within 28 days after the end of each calendar quarter.\n\nNotices\n\n13. 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 8, APRA may, by notice in writing, change the reporting day for the particular RSE, defined benefit RSE, PST or ERF.\n\n14. Where APRA has changed the reporting day under paragraph 13, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n\n15. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.\n\nNote: For the avoidance of doubt, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to submit the information required no later than the due date.","sortOrder":7},{"sectionNumber":"Form and method of submission","sectionType":"division","heading":"Form and method of submission","content":"### Form and method of submission\n\n16. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.","sortOrder":8},{"sectionNumber":"Quality control","sectionType":"division","heading":"Quality control","content":"### Quality control\n\n17. 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 Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n18. 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, procedures and controls for the authorisation of information submitted to APRA is in place.","sortOrder":9},{"sectionNumber":"Authorisation","sectionType":"division","heading":"Authorisation","content":"### Authorisation\n\n19. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n20. If the information required by this Reporting Standard is provided by an agent who submits the information 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\n21. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or 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.","sortOrder":10},{"sectionNumber":"Minor alterations to forms and instructi","sectionType":"division","heading":"Minor alterations to forms and instructions","content":"### Minor alterations to forms and instructions\n\n22. 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\nwithout changing any substantive requirement in the form or instructions.\n\n23. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.","sortOrder":11},{"sectionNumber":"Interpretation","sectionType":"division","heading":"Interpretation","content":"### Interpretation\n\n24. 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 has the meaning of a defined benefit fund in subsection 10(1) of the SIS Act.\n\ndisclosure means a disclosure made pursuant to Division 2 or Division 3 of Part 7.9 of the Corporations Act 2001.\n\ndue date means the relevant due date under paragraph 7, 9, 10, 12, or if applicable, paragraph 15 of this Reporting Standard.\n\neligible rollover fund (ERF) has the meaning given in subsection 10(1) of the SIS Act.\n\ninvestment menu has the meaning given in SRS 101.0.\n\ninvestment option has the meaning given in SRS 101.0.\n\nan investment pathway is provided by a superannuation product, or an investment menu, to an investment option, if it is possible for a member to invest in the investment option through that superannuation product or investment menu.\n\nMySuper product has the meaning given in subsection 10(1) of the SIS Act.\n\nreporting day means a day mentioned in paragraph 8 or, if applicable, paragraph 13 of this Reporting Standard.\n\nRSE means a registrable superannuation entity as defined in subsection 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 subsection 10(1) of the SIS Act.\n\nSIS Act means Superannuation Industry (Supervision) Act 1993.\n\nSRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.\n\nsuperannuation product has the meaning given in SRS 101.0.\n\n25. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n26. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":12},{"sectionNumber":"Reporting Form SRF 706.0","sectionType":"part","heading":"Reporting Form SRF 706.0","content":"# Reporting Form SRF 706.0\n\n# Fees and Costs Disclosed\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 706.0 Fees and Costs Disclosed (SRF 706.0).\n\n## General directions and notes\n\n### Reporting level\n\nSRF 706.0 must be completed for each superannuation product, investment menu and investment option within each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations excluding the following:\n\n investment options which have been aggregated as permitted in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n investment options which solely underlie defined benefits; and\n investment options which are reported on SRF 605.0 under investment option category Annuity.\n\nReport fees and costs for the superannuation product, investment menu or investment option at which they arise or are incurred.\n\nRSE licensees need to determine the appropriate reporting level for each of the applicable fees and costs depending on the structure of the RSE, defined benefit RSE and ERF.\n\nFees and costs may be incurred at each RSE structure level, but may vary depending on the combination of RSE structure levels a member is in.\n\nFor example, it is expected that administration fees will generally be reported at a superannuation product level, platform fees may sometimes be reported at the investment menu level, while investment management fees will generally be reported at the investment option level. The investment management fee for an investment option may vary depending on which superannuation product the member is invested through.\n\nWhere the fee or cost is applicable to all members in the RSE structure level, the RSE licensee must report data for that RSE structure level and report ‘ALL’ for the remaining RSE structure levels.\n\nWhere the fee or cost varies depending on the combination of RSE structure levels, the RSE licensee must report data for each relevant combination of superannuation product, investment menu and investment option.\n\nFor example, an administration fee that applies across all investment menus and investment options within a superannuation product would be identified with the relevant superannuation product identifier to which it applies. The investment menu identifier and investment option identifier would be reported as ‘ALL’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nSRF 706.0 captures all fees and costs that are proposed to be charged to a member or would otherwise affect member balances. It includes all standard and customised fee structures, such as fees and costs that would appear in the Product Disclosure Statement (PDS) for the superannuation product, and fees and costs relating to accessible products available on platform pursuant to the PDS for those accessible products.\n\nUnless otherwise instructed, report all items on SRF 706.0 in accordance with the RG 97 version indicated in SRF 605.0.\n\nAll fees and costs reported on SRF 706.0 must be reported ‘gross of tax obligations’ where ‘gross of tax obligations’ refers to gross of income tax, GST and stamp duty.\n\nThis 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\nAmounts in SRF 706.0 are to be reported as whole dollars, dollars and cents on a per member basis, or percentages. Percentages should be reported as an unconverted number to four decimal places. For example, 12.3456 per cent is to be reported as 0.123456.\n\nItems on SRF 706.0 must be reported as at the reporting day.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Fees and costs disclosed\n\nReport Table 1 as at the end of the reporting day. Where fees and costs vary according to the combination of fees and costs arrangement, superannuation product, investment menu or investment option, indicate this by use of the appropriate identifier in relevant columns, otherwise make use of ‘ALL’ as described above.\n\nAll fees and costs data under SRS 706.0 should be reported as the annual fee disclosed or the fee per activity disclosed as at the reporting date. Where a fee or cost is calculated or charged more frequently than annually, the RSE licensee should report the calculation frequency in column 10, and the charge frequency in column 11. The RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per annum regardless of the calculation or charge frequency. Where a fee or cost is calculated or charged per activity, the RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per activity\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------ | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Fees And Costs Arrangement Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the fees and costs arrangement identifier that the fee or cost relates to. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRF 605.0. |\n| 2 | Superannuation Product Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the superannuation product identifier that the fee or cost relates to. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the superannuation product, report ‘ALL’. |\n| 3 | Investment Menu Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment menu identifier that the fee or cost relates to. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment menu, report ‘ALL’. |\n| 4 | Investment Option Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment option identifier that the fee or cost relates to. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment option, report ‘ALL’. |\n| 5 | Fees And Costs Disclosed Description Text | Y | All filers | Free text | Report a brief description of the fee or cost. |\n| 6 | Fees And Costs Component Type | Y | All filers | Indirect CostsIndirect Cost RatioFees Deducted Directly From Member AccountOther Fees And Costs | Report the fees and costs component type of the fee or cost. |\n| 7 | Fees And Costs Component Activity Type | Y | All filers | InvestmentAdministrationTransactionAdviceMember Activity | Report the fees and costs component activity of the fee or cost.A fee or cost can only be characterised as being related to one component activity. |\n| 8 | Investment Charge Type | Y | All filers | BasePerformance LinkedNot Applicable | Report the investment charge type for the fee or cost.For fees or costs where a fees and costs component activity other than Investment has been reported, the investment charge type should be reported as Not Applicable. |\n| 9 | Activity Fee Type | Y | All filers | Advice FeeBrokerage FeeBuy Sell SpreadContribution FeeContribution Splitting FeeDishonoured Payment FeeEstablishment FeeFamily LawFinancial AdviceFinancial Hardship ApplicationInsurance FeeLost Member Search FeeNo TFN Tax Recovery FeeNon Intrafund Advice FeeSwitching FeeWithdrawal FeeOtherNot Applicable | Report the activity fee type for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, the activity fee type should be reported as Not Applicable. |\n| 10 | Fees And Costs Calculation Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is calculated. |\n| 11 | Fees And Costs Charge Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is charged. |\n| 12 | Tier Type | Y | All filers | FlatMarginalNot Applicable | Where the value of the fee or cost is dependent on a tiering structure, report the tier type, otherwise report Not Applicable. |\n| 13 | Tier Arrangement Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier arrangement, otherwise report 0. |\n| 14 | Tier Number Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier number, otherwise report 0. |\n| 15 | Lower Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier lower bound, otherwise leave this field blank.If there is no tier lower bound, this field should be left blank. |\n| 16 | Upper Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier upper bound, otherwise leave this field blank.If there is no tier upper bound, this field should be left blank. |\n| 17 | Flat Dollar Amount | | All filers | Dollars and cents | Report the flat dollar amount of the fee or cost, where one exists, otherwise leave this field blank. |\n| 18 | Charge Minimum Percent | | All filers | Percentage to 4 decimal places | Report the minimum charge (%), where one exists, otherwise leave this field blank. |\n| 19 | Charge Maximum Percent | | All filers | Percentage to 4 decimal places | Report the maximum charge (%), where one exists, otherwise leave this field blank. |\n| 20 | Expense Or Benefit Account Balance Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of balance) of the fee or cost, where one exists, otherwise report 0%. |\n| 21 | Expense Or Benefit Transaction Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of transaction) of the fee or cost, where one exists, otherwise report 0%. |\n| 22 | Charge Minimum Amount | | All filers | Dollars and cents | Report the minimum charge ($), where one exists, otherwise leave this field blank. |\n| 23 | Charge Maximum Amount | | All filers | Dollars and cents | Report the maximum charge ($), where one exists, otherwise leave this field blank. |\n| 24 | Free Activities Count | | All filers | Whole numbers | Report the number of free activities for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, this field should be left blank. |","sortOrder":13},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 706.0 Fees and Costs Disclosed (SRF 706.0).","sortOrder":15},{"sectionNumber":"General directions and notes","sectionType":"part","heading":"General directions and notes","content":"# Reporting Form SRF 706.0\n\n# Fees and Costs Disclosed\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 706.0 Fees and Costs Disclosed (SRF 706.0).\n\n## General directions and notes\n\n### Reporting level\n\nSRF 706.0 must be completed for each superannuation product, investment menu and investment option within each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations excluding the following:\n\n investment options which have been aggregated as permitted in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n investment options which solely underlie defined benefits; and\n investment options which are reported on SRF 605.0 under investment option category Annuity.\n\nReport fees and costs for the superannuation product, investment menu or investment option at which they arise or are incurred.\n\nRSE licensees need to determine the appropriate reporting level for each of the applicable fees and costs depending on the structure of the RSE, defined benefit RSE and ERF.\n\nFees and costs may be incurred at each RSE structure level, but may vary depending on the combination of RSE structure levels a member is in.\n\nFor example, it is expected that administration fees will generally be reported at a superannuation product level, platform fees may sometimes be reported at the investment menu level, while investment management fees will generally be reported at the investment option level. The investment management fee for an investment option may vary depending on which superannuation product the member is invested through.\n\nWhere the fee or cost is applicable to all members in the RSE structure level, the RSE licensee must report data for that RSE structure level and report ‘ALL’ for the remaining RSE structure levels.\n\nWhere the fee or cost varies depending on the combination of RSE structure levels, the RSE licensee must report data for each relevant combination of superannuation product, investment menu and investment option.\n\nFor example, an administration fee that applies across all investment menus and investment options within a superannuation product would be identified with the relevant superannuation product identifier to which it applies. The investment menu identifier and investment option identifier would be reported as ‘ALL’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nSRF 706.0 captures all fees and costs that are proposed to be charged to a member or would otherwise affect member balances. It includes all standard and customised fee structures, such as fees and costs that would appear in the Product Disclosure Statement (PDS) for the superannuation product, and fees and costs relating to accessible products available on platform pursuant to the PDS for those accessible products.\n\nUnless otherwise instructed, report all items on SRF 706.0 in accordance with the RG 97 version indicated in SRF 605.0.\n\nAll fees and costs reported on SRF 706.0 must be reported ‘gross of tax obligations’ where ‘gross of tax obligations’ refers to gross of income tax, GST and stamp duty.\n\nThis 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\nAmounts in SRF 706.0 are to be reported as whole dollars, dollars and cents on a per member basis, or percentages. Percentages should be reported as an unconverted number to four decimal places. For example, 12.3456 per cent is to be reported as 0.123456.\n\nItems on SRF 706.0 must be reported as at the reporting day.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Fees and costs disclosed\n\nReport Table 1 as at the end of the reporting day. Where fees and costs vary according to the combination of fees and costs arrangement, superannuation product, investment menu or investment option, indicate this by use of the appropriate identifier in relevant columns, otherwise make use of ‘ALL’ as described above.\n\nAll fees and costs data under SRS 706.0 should be reported as the annual fee disclosed or the fee per activity disclosed as at the reporting date. Where a fee or cost is calculated or charged more frequently than annually, the RSE licensee should report the calculation frequency in column 10, and the charge frequency in column 11. The RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per annum regardless of the calculation or charge frequency. Where a fee or cost is calculated or charged per activity, the RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per activity\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------ | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Fees And Costs Arrangement Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the fees and costs arrangement identifier that the fee or cost relates to. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRF 605.0. |\n| 2 | Superannuation Product Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the superannuation product identifier that the fee or cost relates to. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the superannuation product, report ‘ALL’. |\n| 3 | Investment Menu Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment menu identifier that the fee or cost relates to. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment menu, report ‘ALL’. |\n| 4 | Investment Option Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment option identifier that the fee or cost relates to. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment option, report ‘ALL’. |\n| 5 | Fees And Costs Disclosed Description Text | Y | All filers | Free text | Report a brief description of the fee or cost. |\n| 6 | Fees And Costs Component Type | Y | All filers | Indirect CostsIndirect Cost RatioFees Deducted Directly From Member AccountOther Fees And Costs | Report the fees and costs component type of the fee or cost. |\n| 7 | Fees And Costs Component Activity Type | Y | All filers | InvestmentAdministrationTransactionAdviceMember Activity | Report the fees and costs component activity of the fee or cost.A fee or cost can only be characterised as being related to one component activity. |\n| 8 | Investment Charge Type | Y | All filers | BasePerformance LinkedNot Applicable | Report the investment charge type for the fee or cost.For fees or costs where a fees and costs component activity other than Investment has been reported, the investment charge type should be reported as Not Applicable. |\n| 9 | Activity Fee Type | Y | All filers | Advice FeeBrokerage FeeBuy Sell SpreadContribution FeeContribution Splitting FeeDishonoured Payment FeeEstablishment FeeFamily LawFinancial AdviceFinancial Hardship ApplicationInsurance FeeLost Member Search FeeNo TFN Tax Recovery FeeNon Intrafund Advice FeeSwitching FeeWithdrawal FeeOtherNot Applicable | Report the activity fee type for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, the activity fee type should be reported as Not Applicable. |\n| 10 | Fees And Costs Calculation Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is calculated. |\n| 11 | Fees And Costs Charge Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is charged. |\n| 12 | Tier Type | Y | All filers | FlatMarginalNot Applicable | Where the value of the fee or cost is dependent on a tiering structure, report the tier type, otherwise report Not Applicable. |\n| 13 | Tier Arrangement Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier arrangement, otherwise report 0. |\n| 14 | Tier Number Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier number, otherwise report 0. |\n| 15 | Lower Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier lower bound, otherwise leave this field blank.If there is no tier lower bound, this field should be left blank. |\n| 16 | Upper Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier upper bound, otherwise leave this field blank.If there is no tier upper bound, this field should be left blank. |\n| 17 | Flat Dollar Amount | | All filers | Dollars and cents | Report the flat dollar amount of the fee or cost, where one exists, otherwise leave this field blank. |\n| 18 | Charge Minimum Percent | | All filers | Percentage to 4 decimal places | Report the minimum charge (%), where one exists, otherwise leave this field blank. |\n| 19 | Charge Maximum Percent | | All filers | Percentage to 4 decimal places | Report the maximum charge (%), where one exists, otherwise leave this field blank. |\n| 20 | Expense Or Benefit Account Balance Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of balance) of the fee or cost, where one exists, otherwise report 0%. |\n| 21 | Expense Or Benefit Transaction Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of transaction) of the fee or cost, where one exists, otherwise report 0%. |\n| 22 | Charge Minimum Amount | | All filers | Dollars and cents | Report the minimum charge ($), where one exists, otherwise leave this field blank. |\n| 23 | Charge Maximum Amount | | All filers | Dollars and cents | Report the maximum charge ($), where one exists, otherwise leave this field blank. |\n| 24 | Free Activities Count | | All filers | Whole numbers | Report the number of free activities for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, this field should be left blank. |","sortOrder":16},{"sectionNumber":"Reporting level","sectionType":"division","heading":"Reporting level","content":"### Reporting level\n\nSRF 706.0 must be completed for each superannuation product, investment menu and investment option within each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations excluding the following:\n\n investment options which have been aggregated as permitted in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n investment options which solely underlie defined benefits; and\n investment options which are reported on SRF 605.0 under investment option category Annuity.\n\nReport fees and costs for the superannuation product, investment menu or investment option at which they arise or are incurred.\n\nRSE licensees need to determine the appropriate reporting level for each of the applicable fees and costs depending on the structure of the RSE, defined benefit RSE and ERF.\n\nFees and costs may be incurred at each RSE structure level, but may vary depending on the combination of RSE structure levels a member is in.\n\nFor example, it is expected that administration fees will generally be reported at a superannuation product level, platform fees may sometimes be reported at the investment menu level, while investment management fees will generally be reported at the investment option level. The investment management fee for an investment option may vary depending on which superannuation product the member is invested through.\n\nWhere the fee or cost is applicable to all members in the RSE structure level, the RSE licensee must report data for that RSE structure level and report ‘ALL’ for the remaining RSE structure levels.\n\nWhere the fee or cost varies depending on the combination of RSE structure levels, the RSE licensee must report data for each relevant combination of superannuation product, investment menu and investment option.\n\nFor example, an administration fee that applies across all investment menus and investment options within a superannuation product would be identified with the relevant superannuation product identifier to which it applies. The investment menu identifier and investment option identifier would be reported as ‘ALL’.","sortOrder":17},{"sectionNumber":"Reporting tables","sectionType":"division","heading":"Reporting tables","content":"### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.\n\nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.","sortOrder":18},{"sectionNumber":"Reporting basis and unit of measurement","sectionType":"division","heading":"Reporting basis and unit of measurement","content":"### Reporting basis and unit of measurement\n\nSRF 706.0 captures all fees and costs that are proposed to be charged to a member or would otherwise affect member balances. It includes all standard and customised fee structures, such as fees and costs that would appear in the Product Disclosure Statement (PDS) for the superannuation product, and fees and costs relating to accessible products available on platform pursuant to the PDS for those accessible products.\n\nUnless otherwise instructed, report all items on SRF 706.0 in accordance with the RG 97 version indicated in SRF 605.0.\n\nAll fees and costs reported on SRF 706.0 must be reported ‘gross of tax obligations’ where ‘gross of tax obligations’ refers to gross of income tax, GST and stamp duty.\n\nThis 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\nAmounts in SRF 706.0 are to be reported as whole dollars, dollars and cents on a per member basis, or percentages. Percentages should be reported as an unconverted number to four decimal places. For example, 12.3456 per cent is to be reported as 0.123456.\n\nItems on SRF 706.0 must be reported as at the reporting day.","sortOrder":19},{"sectionNumber":"Definitions","sectionType":"division","heading":"Definitions","content":"### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions","sortOrder":20},{"sectionNumber":"Table 1: Fees and costs disclosed","sectionType":"division","heading":"Table 1: Fees and costs disclosed","content":"### Table 1: Fees and costs disclosed\n\nReport Table 1 as at the end of the reporting day. Where fees and costs vary according to the combination of fees and costs arrangement, superannuation product, investment menu or investment option, indicate this by use of the appropriate identifier in relevant columns, otherwise make use of ‘ALL’ as described above.\n\nAll fees and costs data under SRS 706.0 should be reported as the annual fee disclosed or the fee per activity disclosed as at the reporting date. Where a fee or cost is calculated or charged more frequently than annually, the RSE licensee should report the calculation frequency in column 10, and the charge frequency in column 11. The RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per annum regardless of the calculation or charge frequency. Where a fee or cost is calculated or charged per activity, the RSE licensee should report the percentage or dollar charge in column 17 or 20 as the fee or cost per activity\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------ | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Fees And Costs Arrangement Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the fees and costs arrangement identifier that the fee or cost relates to. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRF 605.0. |\n| 2 | Superannuation Product Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the superannuation product identifier that the fee or cost relates to. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the superannuation product, report ‘ALL’. |\n| 3 | Investment Menu Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment menu identifier that the fee or cost relates to. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment menu, report ‘ALL’. |\n| 4 | Investment Option Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the investment option identifier that the fee or cost relates to. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If the fee or cost incurred does not depend on the investment option, report ‘ALL’. |\n| 5 | Fees And Costs Disclosed Description Text | Y | All filers | Free text | Report a brief description of the fee or cost. |\n| 6 | Fees And Costs Component Type | Y | All filers | Indirect CostsIndirect Cost RatioFees Deducted Directly From Member AccountOther Fees And Costs | Report the fees and costs component type of the fee or cost. |\n| 7 | Fees And Costs Component Activity Type | Y | All filers | InvestmentAdministrationTransactionAdviceMember Activity | Report the fees and costs component activity of the fee or cost.A fee or cost can only be characterised as being related to one component activity. |\n| 8 | Investment Charge Type | Y | All filers | BasePerformance LinkedNot Applicable | Report the investment charge type for the fee or cost.For fees or costs where a fees and costs component activity other than Investment has been reported, the investment charge type should be reported as Not Applicable. |\n| 9 | Activity Fee Type | Y | All filers | Advice FeeBrokerage FeeBuy Sell SpreadContribution FeeContribution Splitting FeeDishonoured Payment FeeEstablishment FeeFamily LawFinancial AdviceFinancial Hardship ApplicationInsurance FeeLost Member Search FeeNo TFN Tax Recovery FeeNon Intrafund Advice FeeSwitching FeeWithdrawal FeeOtherNot Applicable | Report the activity fee type for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, the activity fee type should be reported as Not Applicable. |\n| 10 | Fees And Costs Calculation Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is calculated. |\n| 11 | Fees And Costs Charge Frequency Type | Y | All filers | AnnualBiannualQuarterlyMonthlyWeeklyDailyPer ActivityOther | Report the frequency that the fee or cost is charged. |\n| 12 | Tier Type | Y | All filers | FlatMarginalNot Applicable | Where the value of the fee or cost is dependent on a tiering structure, report the tier type, otherwise report Not Applicable. |\n| 13 | Tier Arrangement Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier arrangement, otherwise report 0. |\n| 14 | Tier Number Identifier | Y | All filers | Whole numbers | Where the value of the fee or cost is dependent on a tiering structure, report the tier number, otherwise report 0. |\n| 15 | Lower Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier lower bound, otherwise leave this field blank.If there is no tier lower bound, this field should be left blank. |\n| 16 | Upper Bound Tier Account Balance Amount | | All filers | Whole dollars | Where the value of the fee or cost is dependent on a tiering structure, report the tier upper bound, otherwise leave this field blank.If there is no tier upper bound, this field should be left blank. |\n| 17 | Flat Dollar Amount | | All filers | Dollars and cents | Report the flat dollar amount of the fee or cost, where one exists, otherwise leave this field blank. |\n| 18 | Charge Minimum Percent | | All filers | Percentage to 4 decimal places | Report the minimum charge (%), where one exists, otherwise leave this field blank. |\n| 19 | Charge Maximum Percent | | All filers | Percentage to 4 decimal places | Report the maximum charge (%), where one exists, otherwise leave this field blank. |\n| 20 | Expense Or Benefit Account Balance Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of balance) of the fee or cost, where one exists, otherwise report 0%. |\n| 21 | Expense Or Benefit Transaction Percent | | All filers | Percentage to 4 decimal places | Report the percentage value (% of transaction) of the fee or cost, where one exists, otherwise report 0%. |\n| 22 | Charge Minimum Amount | | All filers | Dollars and cents | Report the minimum charge ($), where one exists, otherwise leave this field blank. |\n| 23 | Charge Maximum Amount | | All filers | Dollars and cents | Report the maximum charge ($), where one exists, otherwise leave this field blank. |\n| 24 | Free Activities Count | | All filers | Whole numbers | Report the number of free activities for the fee or cost.For fees or costs where a fees and costs component activity other than Member Activity has been reported, this field should be left blank. |","sortOrder":21}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2076},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The instrument maintains its original scope as a data collection standard for superannuation fees and costs. It remains focused on prudential supervision and regulatory oversight without expanding into substantive operational rules for fund management."},"complexity_factors":["Extensive cross-referencing to external standards (SRS 101.0, SRF 605.0, RG 97, SIS Act, Corporations Act, and Prudential Standard SPS 310)","24-column data table with specific validation rules, primary key constraints, and precise formatting requirements (percentages to 4 decimal places)","Multi-dimensional reporting matrix requiring trustees to determine appropriate reporting levels across combinations of product, investment menu, and investment option identifiers","Complex conditional logic for tiered fee structures (distinguishing flat vs marginal tiers) and handling of 'ALL' identifiers","Multiple overlapping reporting frequencies (annual data submission, quarterly attestations, and ad-hoc updates within 28 days of changes)","Auditor assurance requirements referencing dynamic professional standards (Auditing and Assurance Standards Board guidance)"],"plain_english_summary":"This standard requires superannuation trustees (RSE licensees) to report detailed, gross-of-tax data to APRA on every fee and cost affecting member accounts—across products, investment menus and options—with regular annual filings, quarterly attestations, prompt updates for changes, auditor-tested systems, and CEO/CFO digital sign-off. \n\nIt affects regulated super funds and indirectly their members by boosting regulator oversight (APRA/ASIC), improving fee transparency and helping detect unfair or undisclosed charges that could harm retirement savings."},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"The Standard itself sets out the reporting population and obligations rather than expanding scope beyond those categories: it applies to RSE licensees in respect of RSEs, defined benefit RSEs and eligible rollover funds and requires reporting of disclosed fees and costs tied to products, menus and options from reporting periods ending 30 June 2021 and annually thereafter. The instrument does not purport to broaden the set of entities or types of fees to be reported beyond those defined in the text and referenced definitions (paras 3–4, Instruction Guide)."},"complexity_factors":["Large, structured dataset: 24 distinct data fields with primary‑key constraints (unique identifier fields) and strict value/format rules (para Table 1).","Multi‑level reporting granularity: reporting at superannuation product, investment menu and investment option levels with 'ALL' aggregation rules (Reporting level / Instruction Guide).","Multiple timing requirements: initial deadlines for 30 June 2021, annual 30 June reporting, 28‑day submission windows, ad‑hoc update timing when member disclosures change, and quarterly attestations (paras 6–12).","Quality‑control and assurance: auditor review and testing required at least annually and at a limited assurance engagement level consistent with auditing standards and SPS 310 (para 17).","Authorisation and security: electronic submission, APRA‑acceptable digital certificate signature and CEO/CFO authorisation for submitters (paras 16, 19, 21).","APRA discretion and administrative variability: APRA can change reporting days or grant extensions by written notice, introducing case‑by‑case variation (paras 13–15, 26).","Interdependencies with other instruments and definitions: reliance on SRS 101.0, SIS Act, RG 97 and other standards for meaning and format (paras 24–25, Instruction Guide).","Data presentation constraints: 'gross of tax obligations' reporting, percentage formatting to four decimal places, whole‑dollar rules and per‑member/per‑activity conventions (Instruction Guide).","Aggregation and mapping obligations: fees‑and‑costs arrangement identifiers must map to SRF 605.0 entries; tiering fields and combination reporting increase mapping complexity (Table 1 columns 1, 12–16).","Operational burden: requirement to retain agent‑submitted copies and to maintain internal policies, procedures and authorisation controls at board and senior management level (paras 18, 20)."],"plain_english_summary":"This Reporting Standard requires registrable superannuation entity (RSE) licensees to submit to APRA detailed, electronic data about all fees and costs that affect members’ balances for each product, investment menu and investment option. APRA says it will use the data for prudential supervision and publication (and ASIC may also use it). The Standard imposes annual 30 June reporting, initial lodgements, ad‑hoc updates when member disclosures change, quarterly attestations, auditor review and authorised digital signing — creating ongoing compliance and data‑control obligations for RSE licensees."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-22-of-2021/documents"}}