{"id":"F2007L04918","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 35 of 2007 - DRS 300.0 - Statement of Financial Position","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":71751,"registerId":"commonwealth-F2007L04918-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard DRS 300.0","sectionType":"part","heading":"Reporting Standard DRS 300.0","content":"## ![](image.001.png)\n\n# Reporting Standard DRS 300.0\n\n# Statement of Financial Position\n\n### Objective of this reporting standard\n\nThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all DMF entities to provide to APRA, on an annual basis, the Form DRF 300.0 Statement of Financial Position.\n\nThis reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with the form and the associated instructions (which are attached and form part of this reporting standard).\n\n# Purpose\n\n1.  Information collected in Form DRF 300.0 Statement of Financial Position (Form DRF 300.0) is used by APRA for the purpose of monitoring bodies in the finance sector.\n\n# Application and commencement\n\n2. This reporting standard applies to all DMF entities from 1 January 2008.\n\n# Information required\n\n3. A DMF entity must provide APRA with the information required by Form DRF 300.0, in respect of:\n\n(a) the DMF; and\n\n(b) in those cases where a DMF comprises a number of individual subfunds and each subfund has a distinct bank account and financial statement, each subfund\n\nfor each reporting period.\n\n# Forms and method of submission\n\n4. The information required by this reporting standard must be given to APRA either:\n\n(a) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or\n\n(b) by manually completing Form DRF 300.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.\n\n5. Where the information is submitted by means of an agent to whom the DMF entity has outsourced the function of providing the information on the DMF entity’s behalf, the agent may only provide the information in accordance with paragraph 4(b) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under paragraph 4(a).\n\nNote: the ‘Direct to APRA’ software and relevant forms is obtained from APRA.\n\nReporting periods and due dates\n\n6. A DMF entity must provide the information required by this reporting standard in respect of each year of income of the DMF.\n\n7. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular DMF entity to require it to provide the information:\n\n(a) more frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it necessary or desirable to obtain information more frequently); or\n\n(b) less frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it unnecessary to require the DMF entity to provide the information as frequently as provided by paragraph 6).\n\n8. The information must be provided to APRA:\n\n(a) if the end of the year of income of the DMF falls between 1 January 2008 and 30 June 2008, inclusive – by no later than 30 October 2008; or\n\n(b) if the end of the year of income of the DMF falls after 30 June 2008 –within 4 months after the end of that year of income of the reporting period to which it relates.\n\n9. APRA may grant an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\n# Quality control\n\n10. The information provided under this reporting standard must be the product of processes and controls developed by the DMF entity for the internal review and authorisation of that information. It is the responsibility of the DMF entity to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n# Authorisation\n\n11. If the officer of a DMF entity provides the information required by this reporting standard under paragraph 4, then:\n\n(a) if the officer uses the ‘Direct to APRA’ application under paragraph 4(a), an officer must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers who have authority from the DMF entity to transmit data to APRA); and\n\n(b) if the DMF entity provides the information on paper under paragraph 4(b), the completed form must be signed by an officer of the DMF entity who is authorised by the DMF entity to complete and lodge the form.\n\n12. If the DMF entity provides the information required by this reporting standard through an agent under paragraph 5, then:\n\n(a) the agent will not be required to sign or authorise the information; but\n\n(b) the DMF entity must:\n\n(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was submitted electronically or in paper form); and\n\n(ii) cause the paper copy to be signed by an officer of the DMF entity authorised by the DMF entity to sign the paper copy; and\n\n(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date.\n\n13. If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:\n\n(a) the Principal Executive Officer of the DMF entity; or\n\n(b) the Chief Financial Officer of the DMF entity (whatever his or her official title may be); or\n\n(c) the trustee.\n\n# Minor alterations to form and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify in writing each DMF entity that is required to report under this reporting standard.\n\nInterpretation\n\n16. In this reporting standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;\n\nDMF has the meaning given by section 5 of the Financial Sector (Collection of Data) Act 2001;\n\ndue date means the relevant due date under paragraph 8 or, if applicable, paragraph 9;\n\nDMF entity is a person or body that controls a DMF, and may include any of the following:\n\n(a) a [body corporate](s1276.html#body_corporate);\n\n(b) a partnership;\n\n(c) an unincorporated [body](s9.html#body);\n\n(d) an individual;\n\n(e) for a trust that has only one trustee – the trustee;\n\n(f) for a trust that has more than one trustee – the trustees together;\n\nofficer in relation to a [DMF](s9.html#corporation) entity means, where relevant:\n\n(a) a [director](s9.html#director) or secretary of the [entity](s9.html#corporation); or\n\n(b) a [person](s9.html#person):\n\n(i) who makes, or participates in making, [decisions](s1317a.html#decision) that affect the whole, or a [substantial part](s9.html#substantial_part), of the business of the [entity](s9.html#corporation); or\n\n(ii) who has the capacity to affect significantly the entity’s financial standing;\n\nreporting period means a reporting period mentioned in paragraph 6 or, if applicable, paragraph 7;\n\nyear of income means the financial year of the DMF.","sortOrder":0},{"sectionNumber":"Statement of Financial Position","sectionType":"part","heading":"Statement of Financial Position","content":"# Statement of Financial Position\n\n### Objective of this reporting standard\n\nThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all DMF entities to provide to APRA, on an annual basis, the Form DRF 300.0 Statement of Financial Position.\n\nThis reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with the form and the associated instructions (which are attached and form part of this reporting standard).\n\n# Purpose\n\n1.  Information collected in Form DRF 300.0 Statement of Financial Position (Form DRF 300.0) is used by APRA for the purpose of monitoring bodies in the finance sector.\n\n# Application and commencement\n\n2. This reporting standard applies to all DMF entities from 1 January 2008.\n\n# Information required\n\n3. A DMF entity must provide APRA with the information required by Form DRF 300.0, in respect of:\n\n(a) the DMF; and\n\n(b) in those cases where a DMF comprises a number of individual subfunds and each subfund has a distinct bank account and financial statement, each subfund\n\nfor each reporting period.\n\n# Forms and method of submission\n\n4. The information required by this reporting standard must be given to APRA either:\n\n(a) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or\n\n(b) by manually completing Form DRF 300.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.\n\n5. Where the information is submitted by means of an agent to whom the DMF entity has outsourced the function of providing the information on the DMF entity’s behalf, the agent may only provide the information in accordance with paragraph 4(b) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under paragraph 4(a).\n\nNote: the ‘Direct to APRA’ software and relevant forms is obtained from APRA.\n\nReporting periods and due dates\n\n6. A DMF entity must provide the information required by this reporting standard in respect of each year of income of the DMF.\n\n7. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular DMF entity to require it to provide the information:\n\n(a) more frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it necessary or desirable to obtain information more frequently); or\n\n(b) less frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it unnecessary to require the DMF entity to provide the information as frequently as provided by paragraph 6).\n\n8. The information must be provided to APRA:\n\n(a) if the end of the year of income of the DMF falls between 1 January 2008 and 30 June 2008, inclusive – by no later than 30 October 2008; or\n\n(b) if the end of the year of income of the DMF falls after 30 June 2008 –within 4 months after the end of that year of income of the reporting period to which it relates.\n\n9. APRA may grant an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\n# Quality control\n\n10. The information provided under this reporting standard must be the product of processes and controls developed by the DMF entity for the internal review and authorisation of that information. It is the responsibility of the DMF entity to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n# Authorisation\n\n11. If the officer of a DMF entity provides the information required by this reporting standard under paragraph 4, then:\n\n(a) if the officer uses the ‘Direct to APRA’ application under paragraph 4(a), an officer must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers who have authority from the DMF entity to transmit data to APRA); and\n\n(b) if the DMF entity provides the information on paper under paragraph 4(b), the completed form must be signed by an officer of the DMF entity who is authorised by the DMF entity to complete and lodge the form.\n\n12. If the DMF entity provides the information required by this reporting standard through an agent under paragraph 5, then:\n\n(a) the agent will not be required to sign or authorise the information; but\n\n(b) the DMF entity must:\n\n(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was submitted electronically or in paper form); and\n\n(ii) cause the paper copy to be signed by an officer of the DMF entity authorised by the DMF entity to sign the paper copy; and\n\n(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date.\n\n13. If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:\n\n(a) the Principal Executive Officer of the DMF entity; or\n\n(b) the Chief Financial Officer of the DMF entity (whatever his or her official title may be); or\n\n(c) the trustee.\n\n# Minor alterations to form and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify in writing each DMF entity that is required to report under this reporting standard.\n\nInterpretation\n\n16. In this reporting standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;\n\nDMF has the meaning given by section 5 of the Financial Sector (Collection of Data) Act 2001;\n\ndue date means the relevant due date under paragraph 8 or, if applicable, paragraph 9;\n\nDMF entity is a person or body that controls a DMF, and may include any of the following:\n\n(a) a [body corporate](s1276.html#body_corporate);\n\n(b) a partnership;\n\n(c) an unincorporated [body](s9.html#body);\n\n(d) an individual;\n\n(e) for a trust that has only one trustee – the trustee;\n\n(f) for a trust that has more than one trustee – the trustees together;\n\nofficer in relation to a [DMF](s9.html#corporation) entity means, where relevant:\n\n(a) a [director](s9.html#director) or secretary of the [entity](s9.html#corporation); or\n\n(b) a [person](s9.html#person):\n\n(i) who makes, or participates in making, [decisions](s1317a.html#decision) that affect the whole, or a [substantial part](s9.html#substantial_part), of the business of the [entity](s9.html#corporation); or\n\n(ii) who has the capacity to affect significantly the entity’s financial standing;\n\nreporting period means a reporting period mentioned in paragraph 6 or, if applicable, paragraph 7;\n\nyear of income means the financial year of the DMF.","sortOrder":1},{"sectionNumber":"Objective of this reporting standard","sectionType":"division","heading":"Objective of this reporting standard","content":"### Objective of this reporting standard\n\nThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all DMF entities to provide to APRA, on an annual basis, the Form DRF 300.0 Statement of Financial Position.\n\nThis reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with the form and the associated instructions (which are attached and form part of this reporting standard).","sortOrder":2},{"sectionNumber":"Purpose","sectionType":"part","heading":"Purpose","content":"# Purpose\n\n1.  Information collected in Form DRF 300.0 Statement of Financial Position (Form DRF 300.0) is used by APRA for the purpose of monitoring bodies in the finance sector.","sortOrder":3},{"sectionNumber":"Application and commencement","sectionType":"part","heading":"Application and commencement","content":"# Application and commencement\n\n2. This reporting standard applies to all DMF entities from 1 January 2008.","sortOrder":4},{"sectionNumber":"Information required","sectionType":"part","heading":"Information required","content":"# Information required\n\n3. A DMF entity must provide APRA with the information required by Form DRF 300.0, in respect of:\n\n(a) the DMF; and\n\n(b) in those cases where a DMF comprises a number of individual subfunds and each subfund has a distinct bank account and financial statement, each subfund\n\nfor each reporting period.","sortOrder":5},{"sectionNumber":"Forms and method of submission","sectionType":"part","heading":"Forms and method of submission","content":"# Forms and method of submission\n\n4. The information required by this reporting standard must be given to APRA either:\n\n(a) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or\n\n(b) by manually completing Form DRF 300.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.\n\n5. Where the information is submitted by means of an agent to whom the DMF entity has outsourced the function of providing the information on the DMF entity’s behalf, the agent may only provide the information in accordance with paragraph 4(b) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under paragraph 4(a).\n\nNote: the ‘Direct to APRA’ software and relevant forms is obtained from APRA.\n\nReporting periods and due dates\n\n6. A DMF entity must provide the information required by this reporting standard in respect of each year of income of the DMF.\n\n7. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular DMF entity to require it to provide the information:\n\n(a) more frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it necessary or desirable to obtain information more frequently); or\n\n(b) less frequently (if, having regard to the particular circumstances of the DMF entity, APRA considers it unnecessary to require the DMF entity to provide the information as frequently as provided by paragraph 6).\n\n8. The information must be provided to APRA:\n\n(a) if the end of the year of income of the DMF falls between 1 January 2008 and 30 June 2008, inclusive – by no later than 30 October 2008; or\n\n(b) if the end of the year of income of the DMF falls after 30 June 2008 –within 4 months after the end of that year of income of the reporting period to which it relates.\n\n9. APRA may grant an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.","sortOrder":6},{"sectionNumber":"Quality control","sectionType":"part","heading":"Quality control","content":"# Quality control\n\n10. The information provided under this reporting standard must be the product of processes and controls developed by the DMF entity for the internal review and authorisation of that information. It is the responsibility of the DMF entity to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.","sortOrder":7},{"sectionNumber":"Authorisation","sectionType":"part","heading":"Authorisation","content":"# Authorisation\n\n11. If the officer of a DMF entity provides the information required by this reporting standard under paragraph 4, then:\n\n(a) if the officer uses the ‘Direct to APRA’ application under paragraph 4(a), an officer must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers who have authority from the DMF entity to transmit data to APRA); and\n\n(b) if the DMF entity provides the information on paper under paragraph 4(b), the completed form must be signed by an officer of the DMF entity who is authorised by the DMF entity to complete and lodge the form.\n\n12. If the DMF entity provides the information required by this reporting standard through an agent under paragraph 5, then:\n\n(a) the agent will not be required to sign or authorise the information; but\n\n(b) the DMF entity must:\n\n(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was submitted electronically or in paper form); and\n\n(ii) cause the paper copy to be signed by an officer of the DMF entity authorised by the DMF entity to sign the paper copy; and\n\n(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date.\n\n13. If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:\n\n(a) the Principal Executive Officer of the DMF entity; or\n\n(b) the Chief Financial Officer of the DMF entity (whatever his or her official title may be); or\n\n(c) the trustee.","sortOrder":8},{"sectionNumber":"Minor alterations to form and instructio","sectionType":"part","heading":"Minor alterations to form and instructions","content":"# Minor alterations to form and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify in writing each DMF entity that is required to report under this reporting standard.\n\nInterpretation\n\n16. In this reporting standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;\n\nDMF has the meaning given by section 5 of the Financial Sector (Collection of Data) Act 2001;\n\ndue date means the relevant due date under paragraph 8 or, if applicable, paragraph 9;\n\nDMF entity is a person or body that controls a DMF, and may include any of the following:\n\n(a) a [body corporate](s1276.html#body_corporate);\n\n(b) a partnership;\n\n(c) an unincorporated [body](s9.html#body);\n\n(d) an individual;\n\n(e) for a trust that has only one trustee – the trustee;\n\n(f) for a trust that has more than one trustee – the trustees together;\n\nofficer in relation to a [DMF](s9.html#corporation) entity means, where relevant:\n\n(a) a [director](s9.html#director) or secretary of the [entity](s9.html#corporation); or\n\n(b) a [person](s9.html#person):\n\n(i) who makes, or participates in making, [decisions](s1317a.html#decision) that affect the whole, or a [substantial part](s9.html#substantial_part), of the business of the [entity](s9.html#corporation); or\n\n(ii) who has the capacity to affect significantly the entity’s financial standing;\n\nreporting period means a reporting period mentioned in paragraph 6 or, if applicable, paragraph 7;\n\nyear of income means the financial year of the DMF.","sortOrder":9},{"sectionNumber":"Reporting Form DRF 300.0","sectionType":"part","heading":"Reporting Form DRF 300.0","content":"# Reporting Form DRF 300.0\n\n# Statement of Financial Position\n\n# Instruction Guide\n\nIntroduction\n\nThis form requires Discretionary Mutual Funds (DMFs) to report information about their assets, liability and capital. It should include:\n\n-   Offshore operations or business\n\n-   Associated entities and joint ventures.\n-   Controlled entities\n\nin relation to both discretionary and non discretionary business.\n\nLevel of reporting\n\nFor the purposes of the instructions below the term DMF includes reporting at the legal entity or trust or subfund level. The same level of reporting must be used throughout this form.\n\nDMFs will generally need to submit data at the legal entity or trust level. Some DMFs, however, operate with multiple subfunds and in those cases where the DMF has separate sub fund bank accounts and sub fund financial statements, this reporting form will need to be submitted for each sub fund. For example, if an entity has 2 subfunds: subfund A and subfund B. Subfund A and also subfund B will need to complete this reporting form.\n\nReporting obligations\n\nThe company or the trustee of the DMF is required to report information relating to a financial year in the forms. For financial years ending on or between 1 January 2008 and 30 June 2008 DMFs must lodge this form at the latest by 30 October 2008. For financial years ending after 30 June 2008 DMFs must lodge their reporting forms at the latest by 4 months after the DMF financial year end.\n\nAudit requirements\n\nThe reporting form does not need to be audited. However the data should be based on the DMF’s financial statements and must be subject to the same processes and controls that cover the review and authorisation of that accounting data. It is the responsibility of the board or trustee or senior management of the DMF to ensure that the information lodged with APRA is accurate and complete.\n\nMethod of submission\n\nForms will be submitted electronically to APRA using ‘Direct to APRA’ (D2A) software unless alternative arrangements are made with APRA.\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided where possible in the instructions under the section headed ‘Specific instructions’.\n\nBasis of preparation\n\nAccounting basis of preparation\n\nImportant: Report all items using the same recognition and measurement basis that is used in your audited financial statements. The instructions below are specific to entities that are reporting and complying with all applicable Australian Accounting Standards. In those instances where an entity does not comply with a AASB standard specifically identified below, report on the basis used in your audited financial statements.\n\nUnit of measurement\n\nThis form is to be presented in Australian dollars (AUD), rounded to thousands of dollars, with no decimal places. Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nAssets\n\nFair value of assets\n\nFinancial assets should be valued in accordance with AASB 132 Financial Instruments: Presentation (AASB 132) at fair value.\n\nLiabilities\n\nOCL is to be reported in accordance with DRF 210.0 Outstanding Claims Liabilities (DRF 210.0). All other liabilities are to be reported in accordance with applicable Australian Accounting Standards.\n\nNetting\n\nUnless otherwise specifically stated, DMFs can take advantage of netting agreements in relation to disclosure of data items in this form. DMFs are to comply with the prerequisite for netting outlined in Australian accounting standards notably AASB 7 Financial Instruments: Disclosures (AASB 7), AASB 139 Financial Instruments: Recognition and Measurement (AASB 139) and AASB 132.\n\nTerm to maturity\n\nReference to term to maturity refers to residual term to maturity not original term to maturity.\n\nRelated party/entity\n\nRelated party/entity is to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124).\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific instructions\n\nAssets\n\n1.  Current assets\n\n# Current assets are to be interpreted in accordance with the meaning provided in AASB 101 Presentation of Financial Statements (AASB 101).\n\n1.1. Cash and cash equivalents\n\nThese items should be brought to account at the face value or the gross value of the outstanding balance where appropriate. Interest is taken to profit and loss when earned (refer to DRF 310.0 Statement of Financial Performance (DRF 310.0)).\n\n1.1.1. Cash at bank and in hand\n\nIncludes notes and coins, overnight money, cash management trusts, and commercial paper.\n\n1.1.2. Short term bank deposits\n\nInclude deposits available on demand (11am accounts, money market or 24-hour money), that are used by the DMF for daily liquidity/operations.\n\nDo not include any deposits at call that are held as part of the DMF’s investments. These are to be disclosed as investments in item 3 of this form.\n\nDo not include bank overdraft balances.\n\n1.1.3. Total cash and cash equivalents\n\nThis is the sum of all cash and cash equivalents reporting items above.\n\n1.2. Receivables\n\n1.2.1. Contribution/deductible receivables\n\nReport the total of contribution/deductible that is receivable from members.\n\n1.2.1.1. Due\n\nReport the outstanding balance of contribution/deductibles receivable from members.\n\n1.2.1.2. Provision for doubtful debts\n\nReport the value of contribution/deductible where collection is assessed as doubtful.\n\n1.2.1.3. Net amount receivable\n\nThis is the value of contribution/deductibles receivable, net of any associated provision for doubtful debts.\n\n1.2.2. Insurance and other recoveries outstanding\n\nReport insurance and other recoveries outstanding. These include claims recoveries that may consist of recoveries from subrogation, salvage and other. Also include any recoveries due from Government under schemes and arrangements established in relation to DMF matters.\n\n1.2.2.1. Due\n\nReport outstanding balance of ‘Insurance and other recoveries outstanding’.\n\n1.2.2.2. Provision for doubtful debts\n\nReport the value of insurance and other recoveries outstanding where collection is assessed as doubtful.\n\n1.2.2.3. Net amount receivable\n\nThis is the value of insurance and other recoveries outstanding, net of any associated provision for doubtful debts.\n\n1.2.3. 1.2.3. Investment income receivable\n\nReport the value of investment income receivable.\n\n1.2.4. Calls and other receivables\n\n1.2.4.1. Calls receivable\n\nReport the value of calls receivable.\n\n1.2.4.2. Other receivables\n\nReport the value of other receivables\n\n1.2.4.3. Calls and other receivables\n\nReport the total value of calls and other receivables.\n\n1.2.5. Total receivables\n\nThis is the total value of all receivables.\n\n1.3. Investments\n\nReport the value of investments which are designated as being current assets only. The non-current value of these investments is to be reported separately in item 2.2 of this form.\n\nNote: derivative instruments that are used to hedge investments are not to be reported in item 1.3\\. The current value of derivative instruments are to be separately reported in item 1.5.3 of this form.\n\nAny changes in the values at which such investments are measured must be recognised as revenues (or losses) in DRF 310.0 in the reporting period in which the changes occur.\n\n1.4. Deferred tax assets\n\nReport the value of all deferred tax assets.\n\n1.5. Other assets\n\n1.5.1. Deferred costs\n\nReport the value of all deferred costs.\n\n1.5.2. Prepaid expenses\n\nReflects payment for services not fully delivered (e.g. payments for subscriptions, rental, and interest expense).\n\n1.5.3. Derivative financial instruments\n\n##### Include all current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.\n\n1.5.4. Other\n\nReport the value of any other asset that has not been reported elsewhere.\n\n1.5.5. Total other assets\n\nThe sum of all other assets.\n\n1.6. Total current assets\n\nThe sum of all current asset categories.\n\n2. Non\\-current assets\n\n# Non\\-current assets are to be interpreted in accordance with the meaning provided in AASB 101.\n\nReport the following items on a non-current basis using the instructions provided under ‘current assets’.\n\n-   ‘Receivables’ (item 2.1) – include ‘Contribution/deductible receivables’, ‘Insurance and other recoveries outstanding’ and ‘Other receivables’.\n-   ‘Investments’ (item 2.2)\n-   ‘Deferred tax assets’ (item 2.5)\n-   ‘Other assets’ (item 2.6).\n\nAll other non-current assets should be reported as follows:\n\n2.3. Property, plant and equipment\n\n2.3.1. Property, plant and equipment\n\n##### This includes property, motor vehicles, office furniture and equipment, including computer equipment and software.\n\n2.3.2. Accumulated depreciation/impairment\n\nReport total depreciation and impairment for all property, plant and equipment items here.\n\n2.3.3. Total property, plant and equipment net of depreciation/ impairment\n\nDeduct depreciation/impairment from the gross values for property, plant and equipment.\n\n2.4. Intangible assets\n\n2.4.1. Intangible assets\n\nClassification of assets as intangible assets must be in accordance with AASB 138 Intangible Assets.\n\n2.4.2. Accumulated amortisation and impairment\n\nInclude the total amount of accumulated amortisation and impairment over the period from the date of acquisition to the end of the reporting period.\n\n2.4.3. Intangible assets after amortisation and impairment\n\nThe sum of all intangible assets above net of amortisation and impairment.\n\n2.7. Total non-current assets\n\nThe sum of all non-current assets.\n\n3. Total assets\n\nThe sum of all current assets and total non-current assets.\n\nLiabilities\n\n4. Current liabilities\n\nCurrent liabilities are to be interpreted in accordance with the meaning provided in AASB 101.\n\n4.1. Trade and other payables\n\nReport the total of trade and other payables.\n\n4.2. Outstanding claims\n\nThis is the DMF’s liability for outstanding claims and recognises the potential cost to the DMF of settling claims which it has incurred at the reporting date but which have not been finalised. The amount reported is to be calculated in accordance with DRF 210.0.\n\n4.3. Unearned contribution\n\nReport the value of all unearned contribution.\n\n4.4. Interest bearing liabilities\n\n4.6.3. Finance lease liability\n\nReport the value of finance lease liability to be payable in less than 12 months.\n\n4.6.4. Other loans\n\nReport all other loans not reported above.\n\n4.6.5. Total borrowings\n\nIs the sum of all borrowings.\n\n4.5. Income tax liabilities\n\n4.5.1. Current tax liabilities\n\nReport the value of current tax liabilities.\n\n4.5.2. Deferred tax liabilities\n\nReport the value of deferred tax liabilities.\n\n4.5.3. Total income tax liabilities\n\nIs the sum of all income tax liabilities.\n\n4.6. Provisions\n\n4.6.1. Dividends/Distributions\n\nReport all provisions raised for dividends/distributions.\n\n4.6.2. Employee entitlements\n\nThis includes provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. The value of employee entitlements should be measured and recognised in accordance with the requirements of AASB 119 Employee Benefits (AASB 119).\n\n4.6.3. Other\n\nReport all other provisions not reported above.\n\n4.6.4. Total provisions\n\nIs the sum of all provisions.\n\n4.7. Other liabilities\n\n4.7.1. Derivative financial instruments\n\n##### Include all non\\-current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.\n\n4.7.2. Other\n\nReport other current liabilities that are not reported elsewhere on the form.\n\n4.7.3. Total other liabilities\n\nIs the sum of all other liabilities.\n\n4.8. Total current liabilities\n\nIs the sum of all current liabilities.\n\n5. Non-current liabilities\n\nNon\\-current liabilities are to be interpreted in accordance with the meaning provided in AASB 101.\n\n5.1.\\- 5.7. Non-current liabilities\n\nReport on a non-current basis using the instructions provided for under ‘current liabilities’.\n\n5.8. Total non-current liabilities\n\nIs the sum of all non-current liabilities.\n\n6. Total liabilities\n\nThe sum of all current liabilities and total non-current liabilities.\n\n7. Net assets\n\nIs the difference between ‘Total assets’ (item 3) and ‘Total liabilities’ (item 6).\n\n8. Equity\n\n8.1. Share capital\n\n8.1.1. Fully paid up capital\n\nReport value of all fully paid up capital.\n\n8.1.2. Other capital\n\nInclude all other capital not reported above.\n\n8.1.3. Total share capital\n\nIs the sum of ‘Fully paid up capital’ and ‘Other capital’.\n\n8.2. Reserves\n\n8.2.1. Asset revaluation reserve\n\nReport the value of asset revaluation reserve.\n\n8.2.2. Other reserves\n\nInclude all reserves except asset revaluation reserve, for example general reserves and capital profits reserve. Report dividend reinvestment plan reserve in this reporting item.\n\n8.2.3. Total reserves\n\nSum the reporting items listed under “Reserves”.\n\n8.3. Retained profits/ Accumulated losses/ Undistributed income/loss at the end of the financial year\n\nRepresents the sum of opening balance of retained profits or accumulated losses at the beginning of the period plus current profit or loss after tax and extraordinary items for the reporting period and after any transfers to or from reserves.\n\n8.4. Total equity\n\nThis represents the sum of ‘Total share capital’, ‘Total reserves’ and ‘Retained profits/Accumulated losses/Undistributed income/loss at the end of the financial year’.","sortOrder":10},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nIntroduction\n\nThis form requires Discretionary Mutual Funds (DMFs) to report information about their assets, liability and capital. It should include:\n\n-   Offshore operations or business\n\n-   Associated entities and joint ventures.\n-   Controlled entities\n\nin relation to both discretionary and non discretionary business.\n\nLevel of reporting\n\nFor the purposes of the instructions below the term DMF includes reporting at the legal entity or trust or subfund level. The same level of reporting must be used throughout this form.\n\nDMFs will generally need to submit data at the legal entity or trust level. Some DMFs, however, operate with multiple subfunds and in those cases where the DMF has separate sub fund bank accounts and sub fund financial statements, this reporting form will need to be submitted for each sub fund. For example, if an entity has 2 subfunds: subfund A and subfund B. Subfund A and also subfund B will need to complete this reporting form.\n\nReporting obligations\n\nThe company or the trustee of the DMF is required to report information relating to a financial year in the forms. For financial years ending on or between 1 January 2008 and 30 June 2008 DMFs must lodge this form at the latest by 30 October 2008. For financial years ending after 30 June 2008 DMFs must lodge their reporting forms at the latest by 4 months after the DMF financial year end.\n\nAudit requirements\n\nThe reporting form does not need to be audited. However the data should be based on the DMF’s financial statements and must be subject to the same processes and controls that cover the review and authorisation of that accounting data. It is the responsibility of the board or trustee or senior management of the DMF to ensure that the information lodged with APRA is accurate and complete.\n\nMethod of submission\n\nForms will be submitted electronically to APRA using ‘Direct to APRA’ (D2A) software unless alternative arrangements are made with APRA.\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided where possible in the instructions under the section headed ‘Specific instructions’.\n\nBasis of preparation\n\nAccounting basis of preparation\n\nImportant: Report all items using the same recognition and measurement basis that is used in your audited financial statements. The instructions below are specific to entities that are reporting and complying with all applicable Australian Accounting Standards. In those instances where an entity does not comply with a AASB standard specifically identified below, report on the basis used in your audited financial statements.\n\nUnit of measurement\n\nThis form is to be presented in Australian dollars (AUD), rounded to thousands of dollars, with no decimal places. Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nAssets\n\nFair value of assets\n\nFinancial assets should be valued in accordance with AASB 132 Financial Instruments: Presentation (AASB 132) at fair value.\n\nLiabilities\n\nOCL is to be reported in accordance with DRF 210.0 Outstanding Claims Liabilities (DRF 210.0). All other liabilities are to be reported in accordance with applicable Australian Accounting Standards.\n\nNetting\n\nUnless otherwise specifically stated, DMFs can take advantage of netting agreements in relation to disclosure of data items in this form. DMFs are to comply with the prerequisite for netting outlined in Australian accounting standards notably AASB 7 Financial Instruments: Disclosures (AASB 7), AASB 139 Financial Instruments: Recognition and Measurement (AASB 139) and AASB 132.\n\nTerm to maturity\n\nReference to term to maturity refers to residual term to maturity not original term to maturity.\n\nRelated party/entity\n\nRelated party/entity is to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124).\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific instructions\n\nAssets\n\n1.  Current assets","sortOrder":12},{"sectionNumber":"Current assets are to be interpreted in ","sectionType":"part","heading":"Current assets are to be interpreted in accordance with the meaning provided in AASB 101 Presentation of Financial Statements (AASB 101).","content":"# Current assets are to be interpreted in accordance with the meaning provided in AASB 101 Presentation of Financial Statements (AASB 101).\n\n1.1. Cash and cash equivalents\n\nThese items should be brought to account at the face value or the gross value of the outstanding balance where appropriate. Interest is taken to profit and loss when earned (refer to DRF 310.0 Statement of Financial Performance (DRF 310.0)).\n\n1.1.1. Cash at bank and in hand\n\nIncludes notes and coins, overnight money, cash management trusts, and commercial paper.\n\n1.1.2. Short term bank deposits\n\nInclude deposits available on demand (11am accounts, money market or 24-hour money), that are used by the DMF for daily liquidity/operations.\n\nDo not include any deposits at call that are held as part of the DMF’s investments. These are to be disclosed as investments in item 3 of this form.\n\nDo not include bank overdraft balances.\n\n1.1.3. Total cash and cash equivalents\n\nThis is the sum of all cash and cash equivalents reporting items above.\n\n1.2. Receivables\n\n1.2.1. Contribution/deductible receivables\n\nReport the total of contribution/deductible that is receivable from members.\n\n1.2.1.1. Due\n\nReport the outstanding balance of contribution/deductibles receivable from members.\n\n1.2.1.2. Provision for doubtful debts\n\nReport the value of contribution/deductible where collection is assessed as doubtful.\n\n1.2.1.3. Net amount receivable\n\nThis is the value of contribution/deductibles receivable, net of any associated provision for doubtful debts.\n\n1.2.2. Insurance and other recoveries outstanding\n\nReport insurance and other recoveries outstanding. These include claims recoveries that may consist of recoveries from subrogation, salvage and other. Also include any recoveries due from Government under schemes and arrangements established in relation to DMF matters.\n\n1.2.2.1. Due\n\nReport outstanding balance of ‘Insurance and other recoveries outstanding’.\n\n1.2.2.2. Provision for doubtful debts\n\nReport the value of insurance and other recoveries outstanding where collection is assessed as doubtful.\n\n1.2.2.3. Net amount receivable\n\nThis is the value of insurance and other recoveries outstanding, net of any associated provision for doubtful debts.\n\n1.2.3. 1.2.3. Investment income receivable\n\nReport the value of investment income receivable.\n\n1.2.4. Calls and other receivables\n\n1.2.4.1. Calls receivable\n\nReport the value of calls receivable.\n\n1.2.4.2. Other receivables\n\nReport the value of other receivables\n\n1.2.4.3. Calls and other receivables\n\nReport the total value of calls and other receivables.\n\n1.2.5. Total receivables\n\nThis is the total value of all receivables.\n\n1.3. Investments\n\nReport the value of investments which are designated as being current assets only. The non-current value of these investments is to be reported separately in item 2.2 of this form.\n\nNote: derivative instruments that are used to hedge investments are not to be reported in item 1.3\\. The current value of derivative instruments are to be separately reported in item 1.5.3 of this form.\n\nAny changes in the values at which such investments are measured must be recognised as revenues (or losses) in DRF 310.0 in the reporting period in which the changes occur.\n\n1.4. Deferred tax assets\n\nReport the value of all deferred tax assets.\n\n1.5. Other assets\n\n1.5.1. Deferred costs\n\nReport the value of all deferred costs.\n\n1.5.2. Prepaid expenses\n\nReflects payment for services not fully delivered (e.g. payments for subscriptions, rental, and interest expense).\n\n1.5.3. Derivative financial instruments","sortOrder":13},{"sectionNumber":"Include all current asset derivatives co","sectionType":"section","heading":"Include all current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.","content":"##### Include all current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.\n\n1.5.4. Other\n\nReport the value of any other asset that has not been reported elsewhere.\n\n1.5.5. Total other assets\n\nThe sum of all other assets.\n\n1.6. Total current assets\n\nThe sum of all current asset categories.\n\n2. Non\\-current assets","sortOrder":14},{"sectionNumber":"Non-current assets are to be interpreted","sectionType":"part","heading":"Non-current assets are to be interpreted in accordance with the meaning provided in AASB 101.","content":"# Non\\-current assets are to be interpreted in accordance with the meaning provided in AASB 101.\n\nReport the following items on a non-current basis using the instructions provided under ‘current assets’.\n\n-   ‘Receivables’ (item 2.1) – include ‘Contribution/deductible receivables’, ‘Insurance and other recoveries outstanding’ and ‘Other receivables’.\n-   ‘Investments’ (item 2.2)\n-   ‘Deferred tax assets’ (item 2.5)\n-   ‘Other assets’ (item 2.6).\n\nAll other non-current assets should be reported as follows:\n\n2.3. Property, plant and equipment\n\n2.3.1. Property, plant and equipment","sortOrder":15},{"sectionNumber":"This includes property, motor vehicles, ","sectionType":"section","heading":"This includes property, motor vehicles, office furniture and equipment, including computer equipment and software.","content":"##### This includes property, motor vehicles, office furniture and equipment, including computer equipment and software.\n\n2.3.2. Accumulated depreciation/impairment\n\nReport total depreciation and impairment for all property, plant and equipment items here.\n\n2.3.3. Total property, plant and equipment net of depreciation/ impairment\n\nDeduct depreciation/impairment from the gross values for property, plant and equipment.\n\n2.4. Intangible assets\n\n2.4.1. Intangible assets\n\nClassification of assets as intangible assets must be in accordance with AASB 138 Intangible Assets.\n\n2.4.2. Accumulated amortisation and impairment\n\nInclude the total amount of accumulated amortisation and impairment over the period from the date of acquisition to the end of the reporting period.\n\n2.4.3. Intangible assets after amortisation and impairment\n\nThe sum of all intangible assets above net of amortisation and impairment.\n\n2.7. Total non-current assets\n\nThe sum of all non-current assets.\n\n3. Total assets\n\nThe sum of all current assets and total non-current assets.\n\nLiabilities\n\n4. Current liabilities\n\nCurrent liabilities are to be interpreted in accordance with the meaning provided in AASB 101.\n\n4.1. Trade and other payables\n\nReport the total of trade and other payables.\n\n4.2. Outstanding claims\n\nThis is the DMF’s liability for outstanding claims and recognises the potential cost to the DMF of settling claims which it has incurred at the reporting date but which have not been finalised. The amount reported is to be calculated in accordance with DRF 210.0.\n\n4.3. Unearned contribution\n\nReport the value of all unearned contribution.\n\n4.4. Interest bearing liabilities\n\n4.6.3. Finance lease liability\n\nReport the value of finance lease liability to be payable in less than 12 months.\n\n4.6.4. Other loans\n\nReport all other loans not reported above.\n\n4.6.5. Total borrowings\n\nIs the sum of all borrowings.\n\n4.5. Income tax liabilities\n\n4.5.1. Current tax liabilities\n\nReport the value of current tax liabilities.\n\n4.5.2. Deferred tax liabilities\n\nReport the value of deferred tax liabilities.\n\n4.5.3. Total income tax liabilities\n\nIs the sum of all income tax liabilities.\n\n4.6. Provisions\n\n4.6.1. Dividends/Distributions\n\nReport all provisions raised for dividends/distributions.\n\n4.6.2. Employee entitlements\n\nThis includes provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. The value of employee entitlements should be measured and recognised in accordance with the requirements of AASB 119 Employee Benefits (AASB 119).\n\n4.6.3. Other\n\nReport all other provisions not reported above.\n\n4.6.4. Total provisions\n\nIs the sum of all provisions.\n\n4.7. Other liabilities\n\n4.7.1. Derivative financial instruments","sortOrder":16},{"sectionNumber":"Include all non-current asset derivative","sectionType":"section","heading":"Include all non-current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.","content":"##### Include all non\\-current asset derivatives consistent with the classification and measurement basis used for derivatives in accordance with AASB 7, AASB 132 and AASB 139.\n\n4.7.2. Other\n\nReport other current liabilities that are not reported elsewhere on the form.\n\n4.7.3. Total other liabilities\n\nIs the sum of all other liabilities.\n\n4.8. Total current liabilities\n\nIs the sum of all current liabilities.\n\n5. Non-current liabilities\n\nNon\\-current liabilities are to be interpreted in accordance with the meaning provided in AASB 101.\n\n5.1.\\- 5.7. Non-current liabilities\n\nReport on a non-current basis using the instructions provided for under ‘current liabilities’.\n\n5.8. Total non-current liabilities\n\nIs the sum of all non-current liabilities.\n\n6. Total liabilities\n\nThe sum of all current liabilities and total non-current liabilities.\n\n7. Net assets\n\nIs the difference between ‘Total assets’ (item 3) and ‘Total liabilities’ (item 6).\n\n8. Equity\n\n8.1. Share capital\n\n8.1.1. Fully paid up capital\n\nReport value of all fully paid up capital.\n\n8.1.2. Other capital\n\nInclude all other capital not reported above.\n\n8.1.3. Total share capital\n\nIs the sum of ‘Fully paid up capital’ and ‘Other capital’.\n\n8.2. Reserves\n\n8.2.1. Asset revaluation reserve\n\nReport the value of asset revaluation reserve.\n\n8.2.2. Other reserves\n\nInclude all reserves except asset revaluation reserve, for example general reserves and capital profits reserve. Report dividend reinvestment plan reserve in this reporting item.\n\n8.2.3. Total reserves\n\nSum the reporting items listed under “Reserves”.\n\n8.3. Retained profits/ Accumulated losses/ Undistributed income/loss at the end of the financial year\n\nRepresents the sum of opening balance of retained profits or accumulated losses at the beginning of the period plus current profit or loss after tax and extraordinary items for the reporting period and after any transfers to or from reserves.\n\n8.4. Total equity\n\nThis represents the sum of ‘Total share capital’, ‘Total reserves’ and ‘Retained profits/Accumulated losses/Undistributed income/loss at the end of the financial year’.","sortOrder":17}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2217},"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":false,"description":"This instrument remains focused on its original purpose: establishing annual reporting requirements for the Statement of Financial Position of Discretionary Mutual Funds. There is no evidence of scope creep beyond the original data collection intent."},"complexity_factors":["Extensive cross-referencing to Australian Accounting Standards (AASB 101, 121, 132, 138, 139, 124, 127, 128, 131, 119, 7)","Multiple defined terms requiring external statutory interpretation (DMF, DMF entity, officer)","Conditional submission requirements varying by method (electronic vs paper) and time period","Nested reporting obligations requiring identification of sub-funds with distinct bank accounts","Technical financial instrument requirements including netting agreements and derivative reporting","Cross-references to other reporting forms (DRF 210.0 for outstanding claims, DRF 310.0 for performance)"],"plain_english_summary":"Discretionary Mutual Funds (DMFs) and the persons or entities that control them must annually submit Form DRF 300.0 — a financial position statement — to the Australian Prudential Regulation Authority (APRA). The form, prepared on the same basis as audited accounts and in Australian dollars, provides a balance-sheet snapshot and must be signed by senior officers.\n\nForms are generally due within four months of year‑end, filed electronically via APRA’s D2A (or by mail), with separate filings required for sub‑funds that keep distinct financials."},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"The instrument itself sets scope: it applies to all DMF entities from 1 January 2008 and requires reporting for the DMF and, where applicable, each subfund with distinct accounts (paras 2–3). APRA may alter reporting frequency or grant extensions (para 7 and para 9) but the text contains no statement that the statutory scope has been narrowed or expanded relative to an earlier intent."},"complexity_factors":["Broad reporting scope (entity-level and subfund reporting) requiring consistent reporting level across the form (paras 3; Instruction Guide)","Extensive cross-references to Australian Accounting Standards and other APRA reports (AASB 7, 101, 119, 121, 127, 128, 131, 132, 138, AASB 139; DRF 210.0) creating dependency on external standards (Specific instructions)","Detailed line-item breakdowns for assets, liabilities and equity with measurement and netting rules (Instruction Guide — Specific instructions)","Authorisation and agent procedures including digital-signature requirements and paper-signing rules that add process steps and legal accountability (paras 11–13)","Submission mechanics requiring use of APRA’s electronic ‘Direct to APRA’ system with limited paper exceptions and agent notification requirements (paras 4–5)","Timing rules plus APRA discretion to change frequency or grant extensions, increasing operational uncertainty (paras 6–9)","Quality-control obligation requiring internal policies and controls to authorise reported data (para 10)","Presentation and conversion rules (AUD, rounded to thousands; foreign-currency conversion per AASB 121) that affect data preparation (Instruction Guide — Basis of preparation)","Permission for APRA to make minor form/instruction variations with mandatory notification, which may require form changes without substantive rule changes (paras 14–15)"],"plain_english_summary":"Requires Discretionary Mutual Fund (DMF) entities to submit annually a Statement of Financial Position (Form DRF 300.0) to APRA for monitoring. Applies to all DMFs from 1 January 2008 and covers entity-level and subfund reporting. Controllers (companies, trustees, partnerships or individuals) must prepare data, maintain internal controls and provide authorised signatures; submissions use APRA’s electronic system or, if necessary, paper. APRA may vary reporting frequency, grant extensions and make minor form clarifications."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-35-of-2007-drs-300-0-stateme/documents"}}