{"id":"F2014L00541","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 23 of 2014 - SRS 531.0 Investment Flows","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":91699,"registerId":"commonwealth-F2014L00541-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting level","sectionType":"part","heading":"Reporting level","content":"# Reporting level\n\nSRF 531.0 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\nReporting basis and unit of measurement\n\nReport all items on SRF 531.0 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee is free to use those AUD exchange rates that it judges to be a representative closing mid-market rate as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee should attempt to use the same exchange rates across all returns to APRA.\n\nNote: for the major currencies, an RSE licensee may want to use the exchange rates available in the Reserve Bank of Australia (RBA), which are available on the RBA website: [http://www.rba.gov.au/statistics/hist-exchange-rates/index.html](http://www.rba.gov.au/statistics/hist-exchange-rates/index.html).\n\nItems on SRF 531.0 must be reported as at the end of the reporting period and with respect to transactions that occurred during the reporting period. Report information with respect to transactions occurred during the reporting period on a year to date basis, rather than for the individual quarter alone.\n\nItems on SRF 531.0 are to be reported as thousands of dollars. Report gains as positive values and losses as negative values.\n\nItems on SRF 531.0 are to be reported on a non look through basis or a look through basis. A look through basis is where information about the underlying investments in an investment vehicle must be reported.\n\nThese instructions specify the reporting basis, unit of measurement and look through basis that applies to each item.","sortOrder":0},{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"# Specific instructions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions. Additional definitions are provided at the end of these instructions.","sortOrder":1},{"sectionNumber":"Do not report investment flows from dire","sectionType":"division","heading":"Do not report investment flows from directly held investments in derivatives on SRF 531.0; report them instead on Reporting Form SRF 534.0 Derivative Financial Instruments.","content":"Reporting Form SRF 531.0\n\nInvestment Flows\n\nInstructions\n\nThese instructions assist completion of Reporting Form SRF 531.0 Investment Flows (SRF 531.0). SRF 531.0 collects detailed information on movements in the investments of a registrable superannuation entity (RSE). Information reported in SRF 531.0 is required primarily for prudential, publication and statistical purposes. Information reported on SRF 531.0 is also required for the purposes of the Australian Bureau of Statistics.\n\n# Reporting level\n\nSRF 531.0 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\nReporting basis and unit of measurement\n\nReport all items on SRF 531.0 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee is free to use those AUD exchange rates that it judges to be a representative closing mid-market rate as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee should attempt to use the same exchange rates across all returns to APRA.\n\nNote: for the major currencies, an RSE licensee may want to use the exchange rates available in the Reserve Bank of Australia (RBA), which are available on the RBA website: [http://www.rba.gov.au/statistics/hist-exchange-rates/index.html](http://www.rba.gov.au/statistics/hist-exchange-rates/index.html).\n\nItems on SRF 531.0 must be reported as at the end of the reporting period and with respect to transactions that occurred during the reporting period. Report information with respect to transactions occurred during the reporting period on a year to date basis, rather than for the individual quarter alone.\n\nItems on SRF 531.0 are to be reported as thousands of dollars. Report gains as positive values and losses as negative values.\n\nItems on SRF 531.0 are to be reported on a non look through basis or a look through basis. A look through basis is where information about the underlying investments in an investment vehicle must be reported.\n\nThese instructions specify the reporting basis, unit of measurement and look through basis that applies to each item.\n\n# Specific 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\n### Do not report investment flows from directly held investments in derivatives on SRF 531.0; report them instead on Reporting Form SRF 534.0 Derivative Financial Instruments.\n\n### Movements in directly held investments\n\nItem 1 collects changes in value of directly held investments in each asset class, asset domicile, asset listing, fixed income type and fixed income currency type due to net transactions, income, gains and losses.\n\nReporting basis: report column 6, column 7 and column 9 with respect to transactions that occurred during the reporting period; report column 8, column 10 and column 11 as at the end of the reporting period.\n\nUnit of measurement: report item 1 in thousands of dollars.\n\nLook through basis: report item 1 on a non look through basis.\n\n| Item 1 | Report directly held investments in item 1. Indirectly held investments must be reported in item 2.Report, for each combination of asset class type, asset domicile type, asset listing type fixed income type, fixed income currency type: the asset class type in column 1, the asset domicile type in column 2, the asset listing type in column 3, the fixed income type in column 4, the fixed income currency type in column 5, net transactions in column 6, investment income in column 7, unrealised gains / losses in column 8, realised gains / losses in column 9, total gains / losses in column 10 and the portion of total gains / losses that are due to foreign exchange gains / losses in column 11.Column 10 is a derived item. Report total gains / losses reported in column 10 as equal to the sum of unrealised gains / losses reported in column 8 and realised gains / losses reported in column 9.Item 1.1 is a derived item. Report total movements in directly held investments in item 1.1 as equal to the sum of values reported in the corresponding column in item 1 column 7 to column 11 inclusive.The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and other.The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the asset domicile is not known, report asset domicile type as ‘not applicable’.The asset listing types are: listed, unlisted and ‘not applicable’. Report asset listing type as ‘not applicable’ for asset class type cash or fixed income. Where the asset listing is not known, report asset listing type as ‘not applicable’.The fixed income types are: Government debt, non Government debt, mortgage debt, credit and ‘not applicable’. Fixed income types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income type is not known, report fixed income type as ‘not applicable’.The fixed income currency types are: Australian dollars, other currency and ‘not applicable’. Fixed income currency types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income currency is not known, report fixed income currency as ‘not applicable’.An investment is to be reported as asset class type ‘other’ for reasons including, but not limited to, (a) an RSE licensee does not have sufficient information about an investment to classify it into one or more asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type.Exclude investments from asset class type ‘other’ investments that are in multi-asset class investment vehicles such as cash management trust, life company capital guaranteed, life company investment linked, listed retail trust, pooled superannuation trust, unlisted retail trust, and wholesale trust. Investments in these investment vehicles must be allocated to each asset class, asset domicile, asset listing, fixed income type and fixed income currency represented in the underlying investment.Examples of other investments include: hedge funds, mezzanine debt, convertible debt.Examples of listed equity investments include: common shares, preference shares. Exchange traded funds (ETFs) and listed trusts are to be allocated to the asset class of the underlying asset. Include equity ETFs, and listed equity trusts in listed equity. Exclude non-equity ETFs and listed trusts such as: fixed income ETFs, commodity ETFs, listed property trusts and listed infrastructure trusts.Examples of unlisted equity investments include: venture capital, private equity.Examples of commodities include: precious metals, agricultural natural resources, energy, livestock, commodity ETFs, exchange traded commodities (ETCs). |\n| ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Directly held | Represents investments made by the RSE in its own name. Includes: investments held by a custodian in trust for the RSE. |\n| Indirectly held | Represents an investment made via an investment vehicle. |\n| Net transactions | Represents the net of all acquisition and disposal transactions, which involve the exchange of valuable consideration between counterparties. |\n| Investment income | Represents gross revenue in the form of income or distributions from investments. Includes: interest, dividends, rental income, trust distributions. |\n| Unrealised gains/losses | Represents changes in the value of investments as a result of remeasurement changes in the market value of investments. Includes: impairment charges and provisions. |\n| Realised gains/losses | Represents changes in the value of investments as a result of closing or disposal of investments. |\n| Foreign exchange gains/losses | Represents changes in the value of investments as a result of unrealised and realised changes in currency exchange rates which are used to translate or value investments. |\n\n### Movements in indirectly held investments\n\nItem 2 collects changes in value of indirectly held investments by asset class, asset domicile, asset listing, fixed income type and fixed income currency type, within the investment vehicle, due to net transactions, income, gains and losses.\n\nReporting basis: report column 6, column 7 and column 9 with respect to transactions that occurred during the reporting period; report column 8, column 10 and column 11 as at the end of the reporting period.\n\nUnit of measurement: report item 2 in thousands of dollars.\n\nLook through basis: Report column 6 to column 11 inclusive on a look through basis. Report column 6 with respect to transactions made by the RSE in acquiring or disposing of units of the investment vehicle; report column 7 with respect to income received by the RSE from the investment vehicle; report column 8 to column 11 inclusive with respect to information about gains and losses reported to the RSE by the investment vehicle. Where movements of particular asset class type, asset domicile type, asset listing, fixed income and currency type represented in the underlying investments are known, report these in column 6 to column 11 inclusive. Where only the movements for the investment vehicle are known, allocate these movements to each combination of asset class type, asset domicile type, asset listing, fixed income and currency type represented in the underlying investments as reported in item 3 on Reporting Form SRF 530.0 Investments.\n\nExample: An investment in a wholesale trust is reported as 80,000 Australian domicile listed equity and 1,200,000 International domicile unlisted property in item 3 on Reporting Form SRF 530.0 Investments. The wholesale trust reports to the RSE licensee that year-to-date investment income is 10,000,000, unrealised gains are 20,000,000 and realised losses are -5,000,000 with no foreign exchange gains/losses. The RSE had a net purchase of an additional 30,000,000 units in the trust. If the RSE licensee has no further information on the breakdown of these numbers to specific asset classes, report item 2 as:\n\n| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |\n| -------- | ------------- | -------- | --- | --- | ------ | ----- | ------ | ------ | ----- | ---- |\n| Equity | Australia | Listed | NA | NA | 12,000 | 4,000 | 8,000 | -2,000 | 6,000 | 0 |\n| Property | International | Unlisted | NA | NA | 18,000 | 6,000 | 12,000 | -3,000 | 9,000 | 0 |\n\n| Item 2 | Report indirectly held investments in item 2. Directly held investments must be reported in item 1.Report, for each combination of asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type: the asset class type in column 1, the asset domicile type in column 2, the asset listing type in column 3, the fixed income type in column 4, the fixed income currency type in column 5, net transactions in column 6, investment income in column 7, unrealised gains / losses in column 8, realised gains / losses in column 9, total gains / losses in column 10 and the portion of total gains / losses that are due to foreign exchange gains / losses in column 11.Column 10 is a derived item. Report total gains / losses reported in column 10 as equal to the sum of unrealised gains / losses reported in column 8 and realised gains / losses reported in column 9.Item 2.1 is a derived item. Report total movements in indirectly held investments in item 2.1 as equal to the sum of values reported in the corresponding column in item 2 column 7 to column 11 inclusive.The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and ‘other’.The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the asset domicile is not known, report asset domicile type as ‘not applicable’.The asset listing types are: listed, unlisted and ‘not applicable’. Report asset listing type as ‘not applicable’ for asset class type cash or fixed income. Where the asset listing is not known, report asset listing type as ‘not applicable’.The fixed income types are: Government debt, non Government debt, mortgage debt, credit and ‘not applicable’. Fixed income types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income type is not known, report fixed income type as ‘not applicable’.The fixed income currency types are: Australian dollars, other currency and ‘not applicable’. Fixed income currency types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income currency is not known, report fixed income currency as ‘not applicable’.An investment is to be reported as asset class type ‘other’ for reasons including, but not limited to, (a) an RSE licensee does not have sufficient information about an investment to classify it into one or more asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type.Exclude investments from asset class type ‘other’ investments that are in multi-asset class investment vehicles such as cash management trust, life company capital guaranteed, life company investment linked, listed retail trust, pooled superannuation trust, unlisted retail trust, and wholesale trust . Investments in these investment vehicles must be allocated to each asset class, asset domicile, asset listing, fixed income and fixed income currency represented in the underlying investment.Examples of other investments include: hedge funds, mezzanine debt, convertible debt.Examples of listed equity investments include: common shares, preference shares. ETFs and listed trusts are to be allocated to the asset class of the underlying asset. Include equity ETFs, and listed equity trusts in listed equity. Exclude non-equity ETFs and listed trusts such as: fixed income ETFs, commodity ETFs, listed property trusts and listed infrastructure trusts.Examples of unlisted equity investments include: venture capital, private equity.Examples of commodities include: precious metals, agricultural natural resources, energy, livestock, commodity ETFs, ETC. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nGlossary of additional terms\n\nAsset class type\n\n| Cash | Represents cash on hand and demand deposits, as well as cash equivalents. Cash equivalents represent short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Reference: Australian Accounting Standards. |\n| ------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Fixed income | Represents a loan, placement or debt security. Loans are financial assets that are created when a creditor lends funds directly to a debtor, and are evidenced by documents that are non negotiable. Placements are liabilities of entities not described as authorised deposit-taking institutions, e.g. State treasuries. Debt securities are securities which represent borrowed funds which must be repaid by the issuer with defined terms including the notional amount (amount borrowed), an identifiable return and maturity/renewal date. Includes: short and long-term debt securities. |\n| Equity | Represents an ownership interest in a business, trust or partnership. Includes: common shares, preference shares and units. Excludes: units in property trusts, units in infrastructure trusts. |\n| Property | Represents an investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income. |\n\n| Infrastructure | Represents the basic physical systems of a country, state or region including transportation, communication, utilities, and public institutions. |\n| -------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Commodities | Represents natural resources that are either grown or extracted from the ground and are often used as inputs in the production of other goods or services. |\n\nDomicile type\n\n| Australian domicile | Represents investments issued in Australia. |\n| ---------------------- | ------------------------------------------------ |\n| International domicile | Represents investments issued outside Australia. |\n\nAsset listing type\n\n| Listed | Represents financial instrument that is traded through an Australian or international stock exchange. |\n| -------- | --------------------------------------------------------------------------------------------------------- |\n| Unlisted | Represents financial instrument that is not traded through an Australian or international stock exchange. |\n\nFixed income type\n\n| Government debt | Represents a debt security issued by a federal, state, territory or local governments, or corporations owned or controlled by a federal, state, territory or local government. |\n| ------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Non Government debt | Represents a debt security issued by a corporation that is not owned or controlled by a federal, state, territory or local government. |\n| Mortgage debt | Represents a debt security where specific mortgage assets are provided as collateral. |\n| Credit | Represents a loan, a placement or a debt security where specific non-mortgage assets are provided as collateral. |\n\nFixed income currency type\n\n| Australian dollars | Represents an investment denominated in Australian dollars. |\n| ------------------ | --------------------------------------------------------------------------------- |\n| Other currency | Represents an investment denominated in a currency other than Australian dollars. |\n\nInvestment vehicles\n\n| Cash management trust | Represents a unit trust which is governed by a trust deed which generally confines its investments (as authorised by the trust deed) to financial securities available through the short-term money market. Cash management trusts issue units in the trust that are redeemable by the unit holder on demand. |\n| ------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Life company guaranteed | Represents the provision of benefits calculated by reference to units, the value of which are guaranteed by the contract not to be reduced and provides for the account to be increased, within the meaning given in s. 14.2 of the Life Insurance Act 1995. |\n| Life company investment linked | Represents the provision of benefits calculated by reference to a running account under the contract and provides for the account to be increased, within the meaning given in s. 14.2 of the Life Insurance Act 1995. |\n| Listed retail trust | Represents a collective investment vehicle with units on issue listed on an Australian or an international stock exchange which provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001. |\n| Pooled superannuation trust | Represents a type of collective investment trust where an investment manager invests the assets of superannuation funds, approved deposit funds and other pooled superannuation trusts. Excludes: unitised investments with life companies where the original or primary investment is an insurance or investment policy. |\n| Unlisted retail trust | Represents a collective investment vehicle that is not listed on an Australian or international stock exchange, provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001. |\n| Wholesale trust | Represents a collective investment vehicle that provides exposure to a diversified portfolio of investments and can be accessed by wholesale clients only, at high entry levels, as defined in the Corporations Act 2001. |\n\n# Interpretation\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 and, in relation to the period between 1 July 2013 and 31 December 2013, includes an existing ERF within the meaning given in section 391 of the SIS Act;\n- pooled superannuation trust (PST) 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 defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[\\[6\\]](#_ftn6);\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 Superannuation Industry (Supervision) Regulations 1994.","sortOrder":2},{"sectionNumber":"Movements in directly held investments","sectionType":"division","heading":"Movements in directly held investments","content":"### Movements in directly held investments\n\nItem 1 collects changes in value of directly held investments in each asset class, asset domicile, asset listing, fixed income type and fixed income currency type due to net transactions, income, gains and losses.\n\nReporting basis: report column 6, column 7 and column 9 with respect to transactions that occurred during the reporting period; report column 8, column 10 and column 11 as at the end of the reporting period.\n\nUnit of measurement: report item 1 in thousands of dollars.\n\nLook through basis: report item 1 on a non look through basis.\n\n| Item 1 | Report directly held investments in item 1. Indirectly held investments must be reported in item 2.Report, for each combination of asset class type, asset domicile type, asset listing type fixed income type, fixed income currency type: the asset class type in column 1, the asset domicile type in column 2, the asset listing type in column 3, the fixed income type in column 4, the fixed income currency type in column 5, net transactions in column 6, investment income in column 7, unrealised gains / losses in column 8, realised gains / losses in column 9, total gains / losses in column 10 and the portion of total gains / losses that are due to foreign exchange gains / losses in column 11.Column 10 is a derived item. Report total gains / losses reported in column 10 as equal to the sum of unrealised gains / losses reported in column 8 and realised gains / losses reported in column 9.Item 1.1 is a derived item. Report total movements in directly held investments in item 1.1 as equal to the sum of values reported in the corresponding column in item 1 column 7 to column 11 inclusive.The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and other.The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the asset domicile is not known, report asset domicile type as ‘not applicable’.The asset listing types are: listed, unlisted and ‘not applicable’. Report asset listing type as ‘not applicable’ for asset class type cash or fixed income. Where the asset listing is not known, report asset listing type as ‘not applicable’.The fixed income types are: Government debt, non Government debt, mortgage debt, credit and ‘not applicable’. Fixed income types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income type is not known, report fixed income type as ‘not applicable’.The fixed income currency types are: Australian dollars, other currency and ‘not applicable’. Fixed income currency types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income currency is not known, report fixed income currency as ‘not applicable’.An investment is to be reported as asset class type ‘other’ for reasons including, but not limited to, (a) an RSE licensee does not have sufficient information about an investment to classify it into one or more asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type.Exclude investments from asset class type ‘other’ investments that are in multi-asset class investment vehicles such as cash management trust, life company capital guaranteed, life company investment linked, listed retail trust, pooled superannuation trust, unlisted retail trust, and wholesale trust. Investments in these investment vehicles must be allocated to each asset class, asset domicile, asset listing, fixed income type and fixed income currency represented in the underlying investment.Examples of other investments include: hedge funds, mezzanine debt, convertible debt.Examples of listed equity investments include: common shares, preference shares. Exchange traded funds (ETFs) and listed trusts are to be allocated to the asset class of the underlying asset. Include equity ETFs, and listed equity trusts in listed equity. Exclude non-equity ETFs and listed trusts such as: fixed income ETFs, commodity ETFs, listed property trusts and listed infrastructure trusts.Examples of unlisted equity investments include: venture capital, private equity.Examples of commodities include: precious metals, agricultural natural resources, energy, livestock, commodity ETFs, exchange traded commodities (ETCs). |\n| ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Directly held | Represents investments made by the RSE in its own name. Includes: investments held by a custodian in trust for the RSE. |\n| Indirectly held | Represents an investment made via an investment vehicle. |\n| Net transactions | Represents the net of all acquisition and disposal transactions, which involve the exchange of valuable consideration between counterparties. |\n| Investment income | Represents gross revenue in the form of income or distributions from investments. Includes: interest, dividends, rental income, trust distributions. |\n| Unrealised gains/losses | Represents changes in the value of investments as a result of remeasurement changes in the market value of investments. Includes: impairment charges and provisions. |\n| Realised gains/losses | Represents changes in the value of investments as a result of closing or disposal of investments. |\n| Foreign exchange gains/losses | Represents changes in the value of investments as a result of unrealised and realised changes in currency exchange rates which are used to translate or value investments. |","sortOrder":3},{"sectionNumber":"Movements in indirectly held investments","sectionType":"division","heading":"Movements in indirectly held investments","content":"### Movements in indirectly held investments\n\nItem 2 collects changes in value of indirectly held investments by asset class, asset domicile, asset listing, fixed income type and fixed income currency type, within the investment vehicle, due to net transactions, income, gains and losses.\n\nReporting basis: report column 6, column 7 and column 9 with respect to transactions that occurred during the reporting period; report column 8, column 10 and column 11 as at the end of the reporting period.\n\nUnit of measurement: report item 2 in thousands of dollars.\n\nLook through basis: Report column 6 to column 11 inclusive on a look through basis. Report column 6 with respect to transactions made by the RSE in acquiring or disposing of units of the investment vehicle; report column 7 with respect to income received by the RSE from the investment vehicle; report column 8 to column 11 inclusive with respect to information about gains and losses reported to the RSE by the investment vehicle. Where movements of particular asset class type, asset domicile type, asset listing, fixed income and currency type represented in the underlying investments are known, report these in column 6 to column 11 inclusive. Where only the movements for the investment vehicle are known, allocate these movements to each combination of asset class type, asset domicile type, asset listing, fixed income and currency type represented in the underlying investments as reported in item 3 on Reporting Form SRF 530.0 Investments.\n\nExample: An investment in a wholesale trust is reported as 80,000 Australian domicile listed equity and 1,200,000 International domicile unlisted property in item 3 on Reporting Form SRF 530.0 Investments. The wholesale trust reports to the RSE licensee that year-to-date investment income is 10,000,000, unrealised gains are 20,000,000 and realised losses are -5,000,000 with no foreign exchange gains/losses. The RSE had a net purchase of an additional 30,000,000 units in the trust. If the RSE licensee has no further information on the breakdown of these numbers to specific asset classes, report item 2 as:\n\n| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |\n| -------- | ------------- | -------- | --- | --- | ------ | ----- | ------ | ------ | ----- | ---- |\n| Equity | Australia | Listed | NA | NA | 12,000 | 4,000 | 8,000 | -2,000 | 6,000 | 0 |\n| Property | International | Unlisted | NA | NA | 18,000 | 6,000 | 12,000 | -3,000 | 9,000 | 0 |\n\n| Item 2 | Report indirectly held investments in item 2. Directly held investments must be reported in item 1.Report, for each combination of asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type: the asset class type in column 1, the asset domicile type in column 2, the asset listing type in column 3, the fixed income type in column 4, the fixed income currency type in column 5, net transactions in column 6, investment income in column 7, unrealised gains / losses in column 8, realised gains / losses in column 9, total gains / losses in column 10 and the portion of total gains / losses that are due to foreign exchange gains / losses in column 11.Column 10 is a derived item. Report total gains / losses reported in column 10 as equal to the sum of unrealised gains / losses reported in column 8 and realised gains / losses reported in column 9.Item 2.1 is a derived item. Report total movements in indirectly held investments in item 2.1 as equal to the sum of values reported in the corresponding column in item 2 column 7 to column 11 inclusive.The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and ‘other’.The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the asset domicile is not known, report asset domicile type as ‘not applicable’.The asset listing types are: listed, unlisted and ‘not applicable’. Report asset listing type as ‘not applicable’ for asset class type cash or fixed income. Where the asset listing is not known, report asset listing type as ‘not applicable’.The fixed income types are: Government debt, non Government debt, mortgage debt, credit and ‘not applicable’. Fixed income types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income type is not known, report fixed income type as ‘not applicable’.The fixed income currency types are: Australian dollars, other currency and ‘not applicable’. Fixed income currency types are only applicable to the asset class type fixed income. For asset class type fixed income, where the fixed income currency is not known, report fixed income currency as ‘not applicable’.An investment is to be reported as asset class type ‘other’ for reasons including, but not limited to, (a) an RSE licensee does not have sufficient information about an investment to classify it into one or more asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type.Exclude investments from asset class type ‘other’ investments that are in multi-asset class investment vehicles such as cash management trust, life company capital guaranteed, life company investment linked, listed retail trust, pooled superannuation trust, unlisted retail trust, and wholesale trust . Investments in these investment vehicles must be allocated to each asset class, asset domicile, asset listing, fixed income and fixed income currency represented in the underlying investment.Examples of other investments include: hedge funds, mezzanine debt, convertible debt.Examples of listed equity investments include: common shares, preference shares. ETFs and listed trusts are to be allocated to the asset class of the underlying asset. Include equity ETFs, and listed equity trusts in listed equity. Exclude non-equity ETFs and listed trusts such as: fixed income ETFs, commodity ETFs, listed property trusts and listed infrastructure trusts.Examples of unlisted equity investments include: venture capital, private equity.Examples of commodities include: precious metals, agricultural natural resources, energy, livestock, commodity ETFs, ETC. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nGlossary of additional terms\n\nAsset class type\n\n| Cash | Represents cash on hand and demand deposits, as well as cash equivalents. Cash equivalents represent short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Reference: Australian Accounting Standards. |\n| ------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Fixed income | Represents a loan, placement or debt security. Loans are financial assets that are created when a creditor lends funds directly to a debtor, and are evidenced by documents that are non negotiable. Placements are liabilities of entities not described as authorised deposit-taking institutions, e.g. State treasuries. Debt securities are securities which represent borrowed funds which must be repaid by the issuer with defined terms including the notional amount (amount borrowed), an identifiable return and maturity/renewal date. Includes: short and long-term debt securities. |\n| Equity | Represents an ownership interest in a business, trust or partnership. Includes: common shares, preference shares and units. Excludes: units in property trusts, units in infrastructure trusts. |\n| Property | Represents an investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income. |\n\n| Infrastructure | Represents the basic physical systems of a country, state or region including transportation, communication, utilities, and public institutions. |\n| -------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Commodities | Represents natural resources that are either grown or extracted from the ground and are often used as inputs in the production of other goods or services. |\n\nDomicile type\n\n| Australian domicile | Represents investments issued in Australia. |\n| ---------------------- | ------------------------------------------------ |\n| International domicile | Represents investments issued outside Australia. |\n\nAsset listing type\n\n| Listed | Represents financial instrument that is traded through an Australian or international stock exchange. |\n| -------- | --------------------------------------------------------------------------------------------------------- |\n| Unlisted | Represents financial instrument that is not traded through an Australian or international stock exchange. |\n\nFixed income type\n\n| Government debt | Represents a debt security issued by a federal, state, territory or local governments, or corporations owned or controlled by a federal, state, territory or local government. |\n| ------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Non Government debt | Represents a debt security issued by a corporation that is not owned or controlled by a federal, state, territory or local government. |\n| Mortgage debt | Represents a debt security where specific mortgage assets are provided as collateral. |\n| Credit | Represents a loan, a placement or a debt security where specific non-mortgage assets are provided as collateral. |\n\nFixed income currency type\n\n| Australian dollars | Represents an investment denominated in Australian dollars. |\n| ------------------ | --------------------------------------------------------------------------------- |\n| Other currency | Represents an investment denominated in a currency other than Australian dollars. |\n\nInvestment vehicles\n\n| Cash management trust | Represents a unit trust which is governed by a trust deed which generally confines its investments (as authorised by the trust deed) to financial securities available through the short-term money market. Cash management trusts issue units in the trust that are redeemable by the unit holder on demand. |\n| ------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Life company guaranteed | Represents the provision of benefits calculated by reference to units, the value of which are guaranteed by the contract not to be reduced and provides for the account to be increased, within the meaning given in s. 14.2 of the Life Insurance Act 1995. |\n| Life company investment linked | Represents the provision of benefits calculated by reference to a running account under the contract and provides for the account to be increased, within the meaning given in s. 14.2 of the Life Insurance Act 1995. |\n| Listed retail trust | Represents a collective investment vehicle with units on issue listed on an Australian or an international stock exchange which provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001. |\n| Pooled superannuation trust | Represents a type of collective investment trust where an investment manager invests the assets of superannuation funds, approved deposit funds and other pooled superannuation trusts. Excludes: unitised investments with life companies where the original or primary investment is an insurance or investment policy. |\n| Unlisted retail trust | Represents a collective investment vehicle that is not listed on an Australian or international stock exchange, provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001. |\n| Wholesale trust | Represents a collective investment vehicle that provides exposure to a diversified portfolio of investments and can be accessed by wholesale clients only, at high entry levels, as defined in the Corporations Act 2001. |","sortOrder":4},{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"# Interpretation\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 and, in relation to the period between 1 July 2013 and 31 December 2013, includes an existing ERF within the meaning given in section 391 of the SIS Act;\n- pooled superannuation trust (PST) 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 defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[\\[6\\]](#_ftn6);\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 Superannuation Industry (Supervision) Regulations 1994.","sortOrder":5}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":1991},"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"This determination establishes reporting requirements for investment flows as its primary and sole purpose. The scope remains confined to data collection for superannuation entity investments without expansion into unrelated regulatory areas."},"complexity_factors":["22 defined terms across interpretation and glossary sections including nested definitions (e.g., 'fixed income' breaks down into four sub-types)","Dual reporting tracks requiring different treatments for directly held vs indirectly held investments","Mandatory 'look through' basis for indirect investments requiring allocation of pooled vehicle returns to underlying asset classes","11-column reporting matrix with derived calculated fields (totals must equal sums of component columns)","Five-dimensional classification system requiring every item to be categorised by asset class × domicile × listing status × fixed income type × currency type","Cross-references to three other regulatory instruments (SRF 530.0, SRF 534.0, and Prudential Standard SPS 160)","Specific allocation rules for multi-asset vehicles requiring proportional splits across underlying categories","Conditional reporting logic (e.g., fixed income classifications only apply to fixed income assets; derivatives excluded and reported elsewhere)"],"plain_english_summary":"SRS 531.0 is a reporting rule requiring Australian superannuation funds (RSEs, defined‑benefit funds, PSTs, ERFs) to submit detailed, year‑to‑date investment movement data—transactions, income, realised and unrealised gains/losses, and foreign‑exchange impacts—classified by asset type, location, listing status and debt/currency. Indirect holdings must often be reported on a look‑through basis and amounts in thousands of AUD using mid‑market rates.\n\nThis enables APRA’s prudential supervision and ABS tracking of national investment and retirement savings trends."},"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"The instrument defines the reporting population and boundaries: SRF 531.0 must be completed for each RSE, defined benefit RSE, pooled superannuation trust and eligible rollover fund, with RSE defined to exclude small APRA funds and single‑member approved deposit funds. The document sets reporting and measurement rules but does not expand or narrow the stated reporting population within these instructions."},"complexity_factors":["Multi‑axis classification: each flow must be broken down by asset class, asset domicile, asset listing, fixed income type and fixed income currency type (Items 1 & 2).","Look‑through rules: mixed requirements to report some items on a non look‑through basis and others on a look‑through basis, increasing mapping and data collection complexity (Reporting basis; Items 1 & 2).","Derived and aggregated items: several columns are derived (e.g. total gains/losses = unrealised + realised) and summary lines require aggregation across rows (Item 1.1, Item 2.1).","Currency translation discretion: assets denominated in other currencies must be converted to AUD using a mid‑point closing rate, but licensees may choose a representative closing mid‑market rate and are encouraged to be consistent across returns.","Year‑to‑date reporting rule: transactions are reported YTD rather than by individual quarter, requiring cumulative data maintenance.","Exclusions and cross‑form reporting: directly held derivative flows are excluded and must be reported on SRF 534.0, creating cross‑form reconciliation obligations.","Allocation of multi‑asset vehicles: where only vehicle‑level movements are known, licensees must allocate those movements across underlying asset classes using holdings reported on SRF 530.0 (look‑through allocation requirement).","Prescriptive unit and sign rules: reporting in thousands, with positive gains and negative losses, imposes strict formatting and validation requirements.","Numerous 'not applicable' and 'unknown' buckets: many fields permit 'not applicable' or 'not known' options, requiring policy for classification and potential manual exceptions handling.","Extensive definitional material: many technical definitions (asset types, investment vehicles, domicile/listing classes) increase interpretation effort and require accounting/legal alignment."],"plain_english_summary":"This instrument prescribes how registrable superannuation entities (RSEs) — including defined benefit RSEs, pooled superannuation trusts and eligible rollover funds — must report investment flows to APRA on SRF 531.0. It sets measurement rules (Australian Accounting Standards), currency conversion to AUD mid‑market end‑of‑period rates, reporting units (thousands), year‑to‑date transaction reporting and look‑through vs non look‑through treatment.\n\nAPRA states the data are for prudential, publication and statistical purposes (including the ABS). The rules affect RSE licensees' record‑keeping, require allocation of multi‑asset vehicles, exclude direct derivative flows (SRF 534.0) and require reconciliation across related returns."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2014-srs-531-0-investm/documents"}}