{"id":"F2015L00827","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 23 of 2015 - SRS 711.0 - SuperStream Benchmarking Measures","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":128620,"registerId":"commonwealth-F2015L00827-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 23 of 2015 - SRS 711.0 - SuperStream Benchmarking Measures","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 23 of 2015\n\nReporting Standard SRS 711.0 SuperStream Benchmarking Measures\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Charles Littrell, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard SRS 711.0 SuperStream Benchmarking Measures, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.\n\nUnder section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on 1 July 2015 and shall cease to apply after 30 June 2019.\n\nThis instrument commences on the date of registration on the Federal Register of Legislative Instruments.\n\nDated: 10 June 2015\n\n\\[Signed\\]\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Statistics and International Division\n\n \nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nfinancial sector entity has the meaning given in section 5 of the Act.\n\nSchedule\n\nReporting Standard SRS 711.0 SuperStream Benchmarking Measures comprises the 9 pages commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard SRS 711.0\n\nSuperStream Benchmarking Measures\n\nObjective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to the contribution transactions of a registrable superannuation entity.\n\nIt includes Form SRF 711.0 SuperStream Benchmarking Measures and associated specific instructions.\n\nAuthority\n\n1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nPurpose\n\n2. Information collected in Form SRF 711.0 SuperStream Benchmarking Measures (SRF 711.0) is primarily used by the Treasury. It may also be used by the Australian Taxation Office and APRA.\n\nApplication and commencement\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE and defined benefit RSE within its business operations.[\\[1\\]](#_ftn1)\n\n4. This Reporting Standard applies for reporting periods commencing on or after 1 July 2015 and ending on or before 30 June 2019.\n\nInformation required\n\n5. An RSE licensee to which this Reporting Standard applies must provide APRA with the information required by SRF 711.0 in respect of each reporting period.\n\nForms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic format using the ‘Direct to APRA’ application or, where ‘Direct to APRA’ is not available, by a method notified by APRA, in writing, prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\nReporting periods and due dates\n\n7. Subject to paragraph 8, an RSE licensee to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter based on the year of income of each RSE or defined benefit RSE within its business operations.\n\n8. If, having regard to the particular circumstances of an RSE or defined benefit RSE, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 7, APRA may, by notice in writing, change the reporting periods for the particular RSE or defined benefit RSE.\n\n9. The information required by this Reporting Standard must be provided to APRA:\n\n(a) in the case of quarterly information:\n\n(i) for reporting periods ending on or after 1 July 2015 but before 1 July 2017 – within 35 calendar days after the end of the quarter to which the information relates[\\[2\\]](#_ftn2); and\n\n(ii) for reporting periods ending on or after 1 July 2017 – within 28 calendar days after the end of the quarter to which the information relates; and\n\n(b) in the case of information provided in accordance with paragraph 8, within the time specified by notice in writing.\n\n10. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs or defined benefit RSEs within its business operations, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\nQuality control\n\n11. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.\n\n12. The information provided by an RSE licensee under this Reporting Standard is not required to be audited or tested by the RSE auditor of the RSE or defined benefit RSE to which this information relates.\n\nAuthorisation\n\n13. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using the ‘Direct to APRA’ software, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits using the ‘Direct to APRA’ software on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.\n\nVariations\n\n16. APRA may, by written notice to an RSE licensee, vary the reporting requirements of SRF 711.0 in relation to that RSE licensee or one or more RSEs or defined benefit RSEs within that RSE licensee’s business operations.\n\nInterpretation\n\n17. In this Reporting Standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;\n\nChief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[\\[3\\]](#_ftn3);\n\nChief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called;\n\ndefined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10;\n\nreporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 8;\n\nRSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, eligible rollover fund, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4);\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard;\n\nRSE licensee has the meaning given in section 10(1) of the SIS Act;\n\nSIS Act means Superannuation Industry (Supervision) Act 1993; and\n\nyear of income has the meaning given in section 10(1) of the SIS Act.\n\n```html\n

SRF 711.0: SuperStream Benchmarking Measures

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Reporting Consolidation

Contribution processing

Number

  1. Contribution transactions from active employers

1.1. of which: Channel A

1.2. of which: Channel B

1.3. of which: Non-conforming channels

Value

2. Total cost of processing contribution transactions from active employers

\n```\n\nReporting Form SRF 711.0\n\nSuperStream Benchmarking Measures\n\nInstructions\n\nThese instructions assist completion of Reporting Form SRF 711.0 SuperStream Benchmarking Measures (SRF 711.0). SRF 711.0 collects information on contribution transactions for each RSE. Information reported in SRF 711.0 is required primarily for the purposes of the Treasury. It may also be used by the Australian Taxation Office and APRA.\n\nAdditional SuperStream benchmarking metrics are reported in:\n\n- item 10.1 ‘administration expenses’ on Reporting Form SRF 330.0 Statement of Financial Performance (SRF 330.0);\n- item 1 ‘administration fees’ on Reporting Form SRF 540.0 Fees; and\n- item 1 ‘member account status’, item 1.1 ‘active member account’ and item 4.1.1 ‘member account with unique TFN’ on Reporting Form SRF 610.0 Membership Profile.\n\nReporting level\n\nSRF 711.0 must be completed for each RSE and defined benefit RSE.\n\nReporting basis and unit of measurement\n\nItems on SRF 711.0 must be reported with respect to transactions and, where applicable, costs that occurred during the reporting period.\n\nReport information quarterly with respect to transactions that occurred during the reporting period on a year to date basis.\n\nReport information with respect to the total cost of processing contributions for each year of income of the entity.\n\nItems on SRF 711.0 must be reported as whole numbers or as thousands of dollars.\n\nSpecific instructions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions.\n\nContributions processing\n\nItems 1 and 2 collect the number and total cost of contribution transactions into the RSE.\n\nUnit of measurement: report item 1 to item 1.3 inclusive as whole numbers; item 2 as thousands of dollars.\n\n| Item 1 | Report the portion of total contribution transactions into the RSE that were contribution transactions from active employers in item 1. Where multiple types of contributions are made in a single contribution transaction, report this as one transaction.Where a contribution transaction was reversed by the RSE (e.g. because the employer provided insufficient data to enable identification of the member for whom the contribution was intended), do not report it in the total number of contribution transactions from active employers. Reversals outside the reporting period must be disregarded.Report the portion of contribution transactions from active employers that were processed:using Channel A in item 1.1;using Channel B in item 1.2; andusing non-conforming channels in item 1.3.Example of contribution transactions from an active employer: An RSE receives a single set of data from an employer sponsor covering Superannuation Guarantee payments for ten employees with accumulation interests, including salary sacrifice contributions in respect of three of those employees and a payment in respect of a defined benefit pool in which five employees have an interest. Report in item 1, 11 contribution transactions from active employers. |\n| ------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Contribution transaction | Represents an instance of a contribution in respect of a single member or an instance of a contribution in respect of a defined benefit pool in which a group of members has an interest. |\n| Active employer | Represents an employer who has made at least one contribution transaction that is an employer contribution or personal contribution. |\n| Channel A | Represents fully SuperStream compliant messaging that conforms to the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office. |\n| Channel B | Represents electronic messaging that conforms to the requirements of paragraph 4.2 of the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office. |\n| Non-conforming Channel | Represents channels that do not conform to the Superannuation Data and Payment Standards 2012 issued by the Australian Taxation Office. Funds must maintain the capability to receive contributions via non-conforming channels during the transition-in period to 30 June 2017. |\n| Employer contribution | Represents contributions made by an employer for the benefit of the member. Includes: employer contributions made to an accumulation account on behalf of members to meet super guarantee, award or other obligations, contributions paid as a result of a salary sacrifice arrangement, transfers from consolidated revenue funds for EPSSSs and constitutionally protected funds, and super guarantee charge and the taxable component of any super holding accounts special account amounts which the ATO transferred to the provider on behalf of the member. Also includes contributions made by an employer to a defined benefit pool within the fund. Reference: Member Contributions Statement. |\n| Personal contribution | Represents contributions made by a member as defined in the Member Contribution Statement. Includes: contributions which have counted toward the non-concessional and concessional contributions cap, non excluded capital gains or capital proceeds and personal injury payments, direct termination payments and contributions from another entity on the members behalf, CGT personal injury exclusions, DTPs (made by a member to an account in their own name including both deducted and non-deducted member contributions). |\n\n| Item 2 | Report the total cost of processing contribution transactions from active employers in item 1. The cost must include relevant costs incurred by third parties such as administrators and gateways contracted directly or indirectly by the RSE licensee to provide services in relation to processing contributions. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nInterpretation\n\nFor the purposes of these instructions:\n\n- capital gains tax (CGT) means tax payable on the capital gain made on the disposal of a non-exempt asset in accordance with the Income Tax Assessment Act 1997;\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- directed termination payment (DTP) means a life benefit termination payment or part payment that an individual has directed to a complying superannuation fund in accordance with section 82-10F of the Income Tax (Transitional Provisions) Act 1997;\n- exempt public sector superannuation scheme (EPSSS) has the meaning given in section 10(1) of the SIS Act and is a public sector scheme nominated by its respective Commonwealth, state or territory government to be exempt from the SIS Act;\n- Member Contributions Statement means the annual statement to be lodged with the Australian Taxation Office to report contributions received by APRA-regulated superannuation entities in respect of their members;\n- RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, eligible rollover fund, small APRA fund or single member approved deposit fund[\\[5\\]](#_ftn5);\n- RSE licensee has the meaning given in section 10(1) of the SIS Act;\n\n- SIS Act means the Superannuation Industry (Supervision) Act 1993;\n- Superannuation Data and Payment Standards 2012 means the Standard issued by the Commissioner for Taxation on 24 December 2012, as amended from time to time, which determines the standards relating to superannuation data and payment matters for the purposes of the Superannuation Industry (Supervision) Act 1993; and\n- SuperStream means the package of measures introduced as part of the Stronger Super reforms, comprising enhanced use of tax file numbers for member identification, mandated electronic data and payment standards for funds and employers and associated enabling services provided by the Australian Taxation Office.\n\n---\n\n[\\[1\\]](#_ftnref1) For the purposes of this Reporting Standard, an ‘RSE licensee’s business operations’ includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE or defined benefit RSE, the RSE licensee must separately provide the information required by the form for each RSE or defined benefit RSE within its business operations.\n\n[\\[2\\]](#_ftnref2) For the avoidance of doubt, if the due date for a particular reporting period 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[\\[3\\]](#_ftnref3) Refer to Prudential Standard SPS 510 Governance.\n\n[\\[4\\]](#_ftnref4) For the purposes of this Reporting Standard, ‘eligible rollover fund’ has the meaning given in section 10(1) of the SIS Act, ‘pooled superannuation trust’ has the meaning given in section 10(1) of the SIS Act, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.\n\n[\\[5\\]](#_ftnref5) For the purposes of these instructions, ‘eligible rollover fund’ has the meaning given in section 10(1) of the SIS Act, ‘pooled superannuation trust’ has the meaning given in section 10(1) of the SIS Act, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This legislation maintained its original scope as a time-limited data collection instrument for SuperStream benchmarking. It applied only during the 2015–2019 transition period as intended, with no evidence of scope creep or expansion beyond the original purpose of tracking contribution processing methods and costs during the SuperStream implementation."},"complexity_factors":["Multiple defined terms (17 in the interpretation section, plus additional terms in the instructions)","Cross-references to external legislation (Financial Sector (Collection of Data) Act 2001, SIS Act, Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997)","Cross-references to other prudential standards (SPS 160, SPS 510)","Temporal complexity: different due dates apply depending on whether the reporting period ends before or after 1 July 2017 (35 days vs 28 days)","Nested definitions in the instructions (e.g., 'contribution transaction' defined in terms of 'active employer', which is itself defined)","Exclusions from scope require understanding of multiple fund types (defined benefit RSE, pooled superannuation trust, eligible rollover fund, small APRA fund, single member approved deposit fund)","Dual reporting frameworks: the determination itself plus detailed form instructions with specific measurement rules (whole numbers vs thousands of dollars, year-to-date vs period reporting)"],"plain_english_summary":"This APRA reporting standard required RSE licensees to quarterly report how employer super contributions were processed during the SuperStream transition (2015–2019), including transaction counts, processing channel types and total processing costs. \n\nIt was designed to track industry adoption of electronic standards, benchmark costs, and identify lagging funds; reports were submitted electronically and authorised by senior officers, with the requirement expiring after June 2019."},"flash_summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"The Determination creates a new, time‑limited reporting obligation on RSE licensees (paras 3–5, 9) and specifies submission, authorisation and quality control requirements. It does not amend statutory definitions or other legislation and contains no express provision that narrows or expands the underlying statutory scope; APRA retains discretion to vary reporting particulars for particular RSEs (paras 8,16)."},"complexity_factors":["Targeted population: applies to each RSE licensee and each RSE and defined benefit RSE within its operations (para 3) — requires separate reporting per RSE.","Time‑limited application window: only for reporting periods starting 1 Jul 2015 and ending 30 Jun 2019 (para 4).","Data granularity and units: counts by channel (Channel A, Channel B, non‑conforming) and total processing cost including third‑party costs, reported quarterly and year‑to‑date in specified units (Form SRF 711.0 and instructions).","Submission and authentication: mandatory electronic submission via ‘Direct to APRA’ (or APRA‑notified alternative) and digital signature by authorised CEO/CFO or authorised agent (paras 6,13,15).","APRA discretion: may change reporting frequency for particular RSEs, vary form requirements and grant due‑date extensions by notice (paras 8,9(b),10,16).","Quality control but no audit requirement: internal authorisation and controls required; auditor testing not mandated (paras 11–12).","Cross‑references: relies on external instruments and definitions (SIS Act, Superannuation Data and Payment Standards 2012, SPS 160, other SRFs) increasing interpretive complexity.","Operational transition: obligation to maintain capability for non‑conforming channels during transition to 30 Jun 2017 (instructions)."],"plain_english_summary":"This Determination requires registrable superannuation entity (RSE) licensees to report quarterly counts and the total cost of employer-sourced contribution transactions (including third‑party processing costs) to APRA using APRA’s electronic portal. Treasury is the primary user of the data. APRA can vary reporting frequency, grant extensions and change form requirements. The measure creates a time‑limited data‑collection duty (1 July 2015–30 June 2019) that RSE licensees must resource and authorise internally."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-23-of-2015-srs-711-0-superst/documents"}}