{"id":"F2023L00591","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 42 of 2023","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104250,"registerId":"commonwealth-F2023L00591-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard SRS 550.0","sectionType":"part","heading":"Reporting Standard SRS 550.0","content":"![Commonwealth Coat of Arms of Australia ](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 42 of 2023\n\nReporting Standard SRS 550.0 Asset Allocation\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Michael Murphy, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:\n\n(a) revoke Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021, including Reporting Standard SRS 550.0 Asset Allocation made under that Determination; and\n\n(b) determine Reporting Standard SRS 550.0 Asset Allocation, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of that reporting standard.\n\nUnder section 15 of the Act, I declare that Reporting Standard SRS 550.0 Asset Allocation shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day it is registered on the Federal Register of Legislation.\n\nThis instrument commences upon registration on the Federal Register of Legislation.\n\nDated: 23 May 2023\n\nMichael Murphy\n\nActing Chief Data Officer\n\nTechnology and Data Division\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nFederal Register of Legislation means the register established under section 15A of the Legislation Act 2003.\n\nfinancial sector entity has the meaning given by section 5 of the Act.\n\nSchedule\n\nReporting Standard SRS 550.0 Asset Allocation comprises the document commencing on the following page.\n\n  \n\n![Commonwealth Coat of Arms of Australia](image.002.png)\n\n# Reporting Standard SRS 550.0\n\n# Asset allocation\n\n## Objective of this reporting standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to the asset allocation and investments of registrable superannuation entities (RSE), defined benefit RSEs, pooled superannuation trusts and eligible rollover funds.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure and Reporting Form SRF 550.2 Derivatives and Counterparties, associated specific instructions and Appendix A: Asset class hierarchy.\n\n### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n### Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.\n\n### Application\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF) within its business operations[\\[1\\]](#_ftn1).\n\n### Commencement\n\n4. This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.\n\n### Reporting periods\n\n5. Reporting periods under this Reporting Standard are each calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year).\n\n### Information required\n\n6. RSE licensees must provide information required by this Reporting Standard under SRF 550.0, SRF 550.1 and SRF 550.2 for reporting periods ending on or after 30 September 2023.\n\n7. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 1, within 28 calendar days after the end of relevant reporting period.\n\n8. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 2, SRF 550.1 and SRF 550.2 within 40 calendar days after the end of the reporting period.\n\nNotices\n\n9. If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST or ERF.\n\n10. Where APRA has changed the reporting periods under paragraph 9, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n\n11. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date specified on the notice of extension.\n\nNote: 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### Form and method of submission\n\n12. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.\n\n### Quality control\n\n13. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE, PST or ERF to which the information relates[\\[2\\]](#_ftn2). This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n14. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.\n\n### Authorisation\n\n15. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n16. If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n17. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.\n\n### Minor alterations to forms and instructions\n\n18. APRA may make minor variations to:\n\n(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n(b) the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n19. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n20. An RSE licensee to which this Reporting Standard applies must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) that ended before 30 September 2023; and\n\n(b) in relation to which the RSE licensee was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an RSE licensee was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the RSE licensee is still required to provide any overdue reporting documents in accordance with the old reporting standard.\n\n### Interpretation\n\n21. In this Reporting Standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nChief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[\\[3\\]](#_ftn3).\n\nChief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.\n\ndefined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.\n\ndue date means the relevant due date under paragraph 7, 8, or, if applicable, paragraph 10 of this Reporting Standard.\n\neligible rollover fund (ERF) has the meaning given in subsection 10(1) of the SIS Act.\n\ninvestment option has the meaning given in SRS 101.0.\n\nMySuper product has the meaning given in subsection 10(1) of the SIS Act.\n\nreporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 9 of this Reporting Standard.\n\nRSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4).\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.\n\nRSE licensee has the meaning given in subsection 10(1) of the SIS Act.\n\nSIS Act means Superannuation Industry (Supervision) Act 1993.\n\nSRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.\n\n  \n\npooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n22. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n23. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":0},{"sectionNumber":"Asset allocation","sectionType":"part","heading":"Asset allocation","content":"# Asset allocation\n\n## Objective of this reporting standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to the asset allocation and investments of registrable superannuation entities (RSE), defined benefit RSEs, pooled superannuation trusts and eligible rollover funds.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure and Reporting Form SRF 550.2 Derivatives and Counterparties, associated specific instructions and Appendix A: Asset class hierarchy.\n\n### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n### Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.\n\n### Application\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF) within its business operations[\\[1\\]](#_ftn1).\n\n### Commencement\n\n4. This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.\n\n### Reporting periods\n\n5. Reporting periods under this Reporting Standard are each calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year).\n\n### Information required\n\n6. RSE licensees must provide information required by this Reporting Standard under SRF 550.0, SRF 550.1 and SRF 550.2 for reporting periods ending on or after 30 September 2023.\n\n7. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 1, within 28 calendar days after the end of relevant reporting period.\n\n8. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 2, SRF 550.1 and SRF 550.2 within 40 calendar days after the end of the reporting period.\n\nNotices\n\n9. If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST or ERF.\n\n10. Where APRA has changed the reporting periods under paragraph 9, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n\n11. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date specified on the notice of extension.\n\nNote: 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### Form and method of submission\n\n12. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.\n\n### Quality control\n\n13. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE, PST or ERF to which the information relates[\\[2\\]](#_ftn2). This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n14. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.\n\n### Authorisation\n\n15. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n16. If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n17. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.\n\n### Minor alterations to forms and instructions\n\n18. APRA may make minor variations to:\n\n(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n(b) the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n19. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n20. An RSE licensee to which this Reporting Standard applies must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) that ended before 30 September 2023; and\n\n(b) in relation to which the RSE licensee was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an RSE licensee was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the RSE licensee is still required to provide any overdue reporting documents in accordance with the old reporting standard.\n\n### Interpretation\n\n21. In this Reporting Standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nChief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[\\[3\\]](#_ftn3).\n\nChief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.\n\ndefined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.\n\ndue date means the relevant due date under paragraph 7, 8, or, if applicable, paragraph 10 of this Reporting Standard.\n\neligible rollover fund (ERF) has the meaning given in subsection 10(1) of the SIS Act.\n\ninvestment option has the meaning given in SRS 101.0.\n\nMySuper product has the meaning given in subsection 10(1) of the SIS Act.\n\nreporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 9 of this Reporting Standard.\n\nRSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4).\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.\n\nRSE licensee has the meaning given in subsection 10(1) of the SIS Act.\n\nSIS Act means Superannuation Industry (Supervision) Act 1993.\n\nSRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.\n\n  \n\npooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n22. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n23. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":1},{"sectionNumber":"Objective of this reporting standard","sectionType":"part","heading":"Objective of this reporting standard","content":"## Objective of this reporting standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to the asset allocation and investments of registrable superannuation entities (RSE), defined benefit RSEs, pooled superannuation trusts and eligible rollover funds.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure and Reporting Form SRF 550.2 Derivatives and Counterparties, associated specific instructions and Appendix A: Asset class hierarchy.","sortOrder":2},{"sectionNumber":"Authority","sectionType":"division","heading":"Authority","content":"### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.","sortOrder":3},{"sectionNumber":"Purpose","sectionType":"division","heading":"Purpose","content":"### Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.","sortOrder":4},{"sectionNumber":"Application","sectionType":"division","heading":"Application","content":"### Application\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF) within its business operations[\\[1\\]](#_ftn1).","sortOrder":5},{"sectionNumber":"Commencement","sectionType":"division","heading":"Commencement","content":"### Commencement\n\n4. This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.","sortOrder":6},{"sectionNumber":"Reporting periods","sectionType":"division","heading":"Reporting periods","content":"### Reporting periods\n\n5. Reporting periods under this Reporting Standard are each calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year).","sortOrder":7},{"sectionNumber":"Information required","sectionType":"division","heading":"Information required","content":"### Information required\n\n6. RSE licensees must provide information required by this Reporting Standard under SRF 550.0, SRF 550.1 and SRF 550.2 for reporting periods ending on or after 30 September 2023.\n\n7. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 1, within 28 calendar days after the end of relevant reporting period.\n\n8. An RSE licensee to which this Reporting Standard applies must provide information required under SRF 550.0 Table 2, SRF 550.1 and SRF 550.2 within 40 calendar days after the end of the reporting period.\n\nNotices\n\n9. If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST or ERF.\n\n10. Where APRA has changed the reporting periods under paragraph 9, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n\n11. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date specified on the notice of extension.\n\nNote: 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.","sortOrder":8},{"sectionNumber":"Form and method of submission","sectionType":"division","heading":"Form and method of submission","content":"### Form and method of submission\n\n12. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.","sortOrder":9},{"sectionNumber":"Quality control","sectionType":"division","heading":"Quality control","content":"### Quality control\n\n13. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE, PST or ERF to which the information relates[\\[2\\]](#_ftn2). This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n14. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.","sortOrder":10},{"sectionNumber":"Authorisation","sectionType":"division","heading":"Authorisation","content":"### Authorisation\n\n15. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n16. If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n17. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.","sortOrder":11},{"sectionNumber":"Minor alterations to forms and instructi","sectionType":"division","heading":"Minor alterations to forms and instructions","content":"### Minor alterations to forms and instructions\n\n18. APRA may make minor variations to:\n\n(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n(b) the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n19. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n20. An RSE licensee to which this Reporting Standard applies must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) that ended before 30 September 2023; and\n\n(b) in relation to which the RSE licensee was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an RSE licensee was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the RSE licensee is still required to provide any overdue reporting documents in accordance with the old reporting standard.","sortOrder":12},{"sectionNumber":"Interpretation","sectionType":"division","heading":"Interpretation","content":"### Interpretation\n\n21. In this Reporting Standard:\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nChief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[\\[3\\]](#_ftn3).\n\nChief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.\n\ndefined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.\n\ndue date means the relevant due date under paragraph 7, 8, or, if applicable, paragraph 10 of this Reporting Standard.\n\neligible rollover fund (ERF) has the meaning given in subsection 10(1) of the SIS Act.\n\ninvestment option has the meaning given in SRS 101.0.\n\nMySuper product has the meaning given in subsection 10(1) of the SIS Act.\n\nreporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 9 of this Reporting Standard.\n\nRSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4).\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.\n\nRSE licensee has the meaning given in subsection 10(1) of the SIS Act.\n\nSIS Act means Superannuation Industry (Supervision) Act 1993.\n\nSRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.\n\n  \n\npooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n22. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n23. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":13},{"sectionNumber":"Reporting Form SRF 550.0","sectionType":"part","heading":"Reporting Form SRF 550.0","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":14},{"sectionNumber":"Asset Allocation","sectionType":"part","heading":"Asset Allocation","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":15},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.","sortOrder":16},{"sectionNumber":"General directions and notes","sectionType":"part","heading":"General directions and notes","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":17},{"sectionNumber":"Reporting level","sectionType":"division","heading":"Reporting level","content":"### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.","sortOrder":18},{"sectionNumber":"Reporting tables","sectionType":"division","heading":"Reporting tables","content":"### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.","sortOrder":19},{"sectionNumber":"Reporting basis and unit of measurement","sectionType":"division","heading":"Reporting basis and unit of measurement","content":"### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.","sortOrder":20},{"sectionNumber":"Definitions","sectionType":"division","heading":"Definitions","content":"### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions","sortOrder":21},{"sectionNumber":"Table 1: Strategic asset allocation","sectionType":"division","heading":"Table 1: Strategic asset allocation","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":22},{"sectionNumber":"APRA-look through basis","sectionType":"division","heading":"APRA-look through basis","content":"### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.","sortOrder":23},{"sectionNumber":"Instructions","sectionType":"division","heading":"Instructions","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":24},{"sectionNumber":"Strategic sector","sectionType":"division","heading":"Strategic sector","content":"### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.","sortOrder":25},{"sectionNumber":"Strategic subsector","sectionType":"division","heading":"Strategic subsector","content":"### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.","sortOrder":26},{"sectionNumber":"Currency exposure and currency hedging r","sectionType":"division","heading":"Currency exposure and currency hedging ratio","content":"### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |","sortOrder":27},{"sectionNumber":"Table 2: Actual asset allocation","sectionType":"division","heading":"Table 2: Actual asset allocation","content":"# Reporting Form SRF 550.0\n\n# Asset Allocation\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0). This form collects information relating to the asset allocation and investments of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.0 must be completed for each investment option within an RSE, defined benefit RSE, PST or ERF excluding the following:\n\n    investment options which are permitted to be aggregated in Table 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);\n    investment options which solely underlie defined benefits;\n    investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n    investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.0 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns submitted to APRA.\n\nAmounts in SRF 550.0 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.0 must be reported as at the end of the reporting period.\n\nCertain items in SRF 550.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)\n\nThese instructions specify look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Strategic asset allocation\n\n### APRA-look through basis\n\nReport table 1 the strategic asset allocation regardless of how investments are made.\n\n### Instructions\n\n### Strategic sector\n\nReport the benchmark allocation to each strategic sector set as part of the board approved strategic asset allocation, reporting ‘Not Applicable’ for strategic subsector, strategic subsector domicile type, strategic subsector listing type and strategic subsector international economy type. Where the investment option is managed on a dynamic asset allocation basis and a benchmark asset allocation has been adopted, report the allocation in column 10. Where the investment option does not have asset allocation ranges, and thus no lower or upper benchmarks, leave column 11 and column 12 blank.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment domicile is not specified when setting the strategic asset allocation, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\n### Strategic subsector\n\nReport the benchmark allocation to each subsector allocation on an additional row for each combination of strategic sector and strategic subsector, with the subsector information reported in columns 6 to 9 and the information of the strategic sector to which it underlies reported in columns 1 to 5. The sum of the benchmark allocations reported for each strategic subsector should equal the benchmark allocation for the relevant strategic sector.\n\nFor example, where the strategic sector:\n\na) listing type, domicile type and international economy type are ‘Not Specified’, or\n\nb) allocation within the reported strategic sector includes other strategic sectors e.g. ‘Alternatives’ includes allocation to ‘Infrastructure’ or ‘Fixed Income’ includes allocation to both ‘Fixed Income Excluding Credit’ and ‘Credit’,\n\nreport an asset allocation target at the reporting date to the strategic subsector, strategic subsector listing type, strategic subsector domicile type and strategic subsector international economy type for each strategic subsector approved by the board, committee or individual with investment delegations under the investment governance framework of the RSE licensee. If ‘Currency Exposure’ is reported for strategic sector, do not report a strategic subsector allocation.\n\n### Currency exposure and currency hedging ratio\n\nReport either a benchmark allocation to currency exposure or currency hedging ratios, with the approach determined by referent to the RSE licensee’s investment strategy:\n\n    a) If currency exposure targets are set at the investment option level, report the benchmark currency exposure in column 10 using ‘Currency Exposure’ as the strategic sector. The investment benchmark allocation (%) to ‘Currency Exposure’ is treated separately and does not contribute to the total benchmark allocations of the investment option.\n\n    b) If currency exposure targets or hedging ratios are set at the asset class level, report a currency hedging ratio (%) in column 13 where investment domicile type ‘International Domicile’ is reported in column 4. Where investment domicile type ‘Not Specified’ is reported in column 4 and currency hedging targets are set at an asset class level or investment option level, report the investment currency hedging ratio (%) in column 13 as the target level of currency hedging for any internationally domiciled assets within that allocation.\n\nThe table below summarises the reporting approach for different scenarios for reporting currency exposure or currency hedging ratios:\n\n|                                              | Set at an asset class level                                                                                                     | Set at an option level                                                                                                                       |\n| -------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n| RSE licensee sets a currency hedging target  | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the hedging ratio (same number) for each row of International Domicile asset class and ‘Not Specified’ domicile in table 1 column 13. |\n| RSE licensee sets a currency exposure target | Report the applicable hedging ratio for each International Domicile or Not Specified Domicile asset class in table 1 column 13. | Report the currency exposure target for the investment option in table 1 column 10.                                                          |\n\nWhere investment option level currency exposure is not reported in SRF 550.0 table 1 column 10, and the RSE licensee targets a fully hedged international exposure, the RSE licensee must report 100 per cent in SRF 550.0 table 1 column 13.\n\n| Column | Field name                                                | Unique identifier | Applicable to | Valid values                                                                                                                                          | Description                                                                                                                                         |\n| ------ | --------------------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Investment Option Identifier                              | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                 | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0. |\n| 2      | Investment Strategic Sector Type                          | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency Exposure | Report the strategic sector of the investment.                                                                                                      |\n| 3      | Investment Strategic Sector Listing Type                  | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                  |\n| 4      | Investment Strategic Sector Domicile Type                 | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                 |\n| 5      | Investment Strategic Sector International Economy Type    | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                    |\n| 6      | Investment Strategic Subsector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesNot Applicable    | Report the strategic subsector of the investment.                                                                                                   |\n| 7      | Investment Strategic Subsector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot Applicable                                                                                                             | Report the listing type of the strategic subsector of the investment.                                                                               |\n| 8      | Investment Strategic Subsector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot Applicable                                                                                  | Report the domicile type of the strategic subsector of the investment.                                                                              |\n| 9      | Investment Strategic Subsector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot Applicable                                                                                          | Report the international economy type of the strategic subsector of the investment.                                                                 |\n| 10     | Investment Benchmark Allocation Percent                   |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation (%) of the investment.                                                                                              |\n| 11     | Investment Benchmark Allocation Lower Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation lower (%) of the investment.                                                                                        |\n| 12     | Investment Benchmark Allocation Upper Percent             |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the benchmark allocation upper (%) of the investment.                                                                                        |\n| 13     | Investment Currency Hedging Ratio Percent                 |                   | All filers    | Percentage to 2 decimal places                                                                                                                        | Report the currency hedging ratio (%) of the investment.                                                                                            |\n\n### Table 2: Actual asset allocation\n\n### APRA-look through basis\n\nFor directly held investments: report Table 2 on a non-APRA-look through basis.\n\nFor indirectly held investments: report Table 2 on an APRA-look though basis.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 and synthetic exposure are available, report this information. If not available, report based on best available or report ‘not available’.\n\nWhere the investment options characteristics reported under SRS 605.0 are Investment Option Type of Listed Investment Company, Exchange Traded Product, or Investment Option Management Type of ' externally managed - non-connected entity’ and Investment Option Strategy Type of ' Non-connected entity’:\n\n    If data on the strategic sector type, strategic sector listing type, strategic sector domicile type and strategic sector international economy type of the investment are not available, report based on best available or report ‘not available’.\n\n    If data on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 of the investment are not available, report based on best available or report ‘not available’.\n\nWhere the investment option type is Separately Managed Account or Managed Discretionary Account, report the asset allocation of the model portfolio.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information was reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments held in respect of each investment option. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis above.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in Table 2, column 13 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to Table 2, column 15).\n\nThe proportion of the investment which is currency hedged must be reported at the same level that it is implemented.\n\n    If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in Table 2, column 15.\n    If an RSE licensee implements currency hedging at an investment option level, report:\n\n-   the value of the pre-hedging currency exposure in Table 2, column 13 using Currency Exposure as the strategic sector and the asset class sector type (In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.)\n-   report the currency hedged (%) for the investment option in table 2 column 15 and\n-   report the currency hedged (%) for each investment with Investment Domicile Type ‘international’ in table 2 column 15.\n\nWhere the listing is not specified when setting the strategic asset allocation, report investment strategic sector listing type as ‘Not Specified’. Report investment strategic sector listing type as ‘Not Applicable’ for asset class type ‘Cash’.\n\nWhere the investment strategic sector domicile is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nReport investment strategic sector international economy type as ‘Not Applicable’ for investment strategic sector domicile type ‘Australian Domicile’. Where the investment strategic sector international economy type is not specified, report investment strategic sector domicile type as ‘Not Specified’.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\nClassify listed equity investments by the relevant market capitalisation where the investment strategy adopted predominantly pursues a portfolio of stocks with a micro, small, mid or large market capitalisation (relative to the country in which the stocks are listed); or by the market capitalisation classification in which the security falls in relative to the country in which the stocks are listed.\n\nThis may be determined by reference to the market capitalisation indices produced by commercial index providers. For example, if the majority (over 80% by market cap) of stocks held are included in a micro market capitalisation indices produced by commercial index providers, report the portfolio as Equity Listed Micro Cap.\n\nReport Investment Modified Duration Number for the ‘Fixed Income’ asset class sector exposures within the ‘Fixed Income’, ‘Fixed Income Excluding Credit’ and ‘Credit’ strategic sector allocations.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":28},{"sectionNumber":"Synthetic exposure","sectionType":"division","heading":"Synthetic exposure","content":"### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 14 against the underlying asset class sector type;\n-   report the effective exposure in column 13 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 13 and 14 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 13;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 13, report the actual currency hedging level against the investment exposure hedged as a percentage in column 15.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.0 table 2.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   for each investment exposure whose modified duration is altered using derivatives, report in column 17 the modified duration for that investment exposure after the derivative adjustment; and\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550 table 2.\n\n| Column | Field name                                             | Unique identifier | Applicable to | Valid values                                                                                                                                                       | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| 1      | Investment Option Identifier                           | Y                 | All filers    | No more than 20 alpha-numeric characters (with no special characters)                                                                                              | Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.                                                                                                                                                                                                                                                                                                                                        |\n| 2      | Investment Strategic Sector Type                       | Y                 | All filers    | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive AlternativesCurrency ExposureNot Available | Report the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| 3      | Investment Strategic Sector Listing Type               | Y                 | All filers    | ListedUnlistedNot SpecifiedNot ApplicableNot Available                                                                                                             | Report the listing type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| 4      | Investment Strategic Sector Domicile Type              | Y                 | All filers    | Australian DomicileInternational DomicileNot SpecifiedNot ApplicableNot Available                                                                                  | Report the domicile type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 5      | Investment Strategic Sector International Economy Type | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot SpecifiedNot ApplicableNot Available                                                                                          | Report the international economy type of the strategic sector of the investment.                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 6      | Investment Asset Class Sector Type                     | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                          | Report the asset class sector type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| 7      | Investment Asset Class Characteristic 1 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 1 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 8      | Investment Asset Class Characteristic 2 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 2 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 9      | Investment Asset Class Characteristic 3 Type           | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 6.                                                                          | Report the asset class characteristic 3 of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 10     | Investment Listing Type                                | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                       | Report the listing type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| 11     | Investment Domicile Type                               | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                            | Report the domicile type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n| 12     | Investment International Economy Type                  | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                    | Report the international economy type of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                   |\n| 13     | Investment Option Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                      | Report the value of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| 14     | Investment Option Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                      | Report the synthetic exposure of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| 15     | Investment Currency Hedged Percent                     |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the currency hedged (%) of the investment.                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| 16     | Investment Gearing Proportion Percent                  |                   | All filers    | Percentage to 2 decimal places                                                                                                                                     | Report the gearing proportion as the total gearing in all investment vehicles in the look through chain. Borrowings of investments that are not investment vehicles (eg borrowings of a listed security) are not required to be reported.                                                                                                                                                                                                                                                  |\n| 17     | Investment Modified Duration Number                    |                   | All filers    | To 2 decimal places                                                                                                                                                | Modified duration must be reported if the strategic sector type of the investment is Fixed Income, Fixed Income Excluding Credit or Credit and the asset class sector type is Fixed Income. Where modified duration cannot be determined for each applicable combination of asset class and characteristics, report the portfolio modified duration for the strategic sector to which the investment exposure belongs. Report the annualised modified duration number to 2 decimal places. |","sortOrder":31},{"sectionNumber":"Reporting Form SRF 550.1","sectionType":"part","heading":"Reporting Form SRF 550.1","content":"# Reporting Form SRF 550.1\n\n# Investments and Currency Exposure\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1). This form collects information relating to the investments and currency exposures of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.1 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.1 in accordance with the Australian Accounting Standards.\n\nAmounts in SRF 550.1 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.1 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nCertain items in SRF 550.1 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[7\\]](#_ftn7) [\\[8\\]](#_ftn8)\n\nThese instructions specify the reporting basis, unit of measurement and look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Investments\n\nReport data as at the end of the reporting period.\n\n### APRA-look through basis\n\nWhere Directly Held is reported as the investment type (column 1), report on a non-APRA-look through basis. Where Indirectly Held is reported as the investment type (column 1), report on an APRA-look through basis, with reference to the investments underlying and investment vehicle.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 are available, report this information. If not available, report based on best available or report ‘not available’.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments of the RSE. For each investment, report the investment vehicle type, the listing type and domicile type of the investment vehicle. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in table 1 column 12 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. The apportionment will enable the net asset value of the indirectly held investment to be reported in table 1 column 12.\n\nIf derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to table 1 column 14).\n\nFor Investment Vehicle Type ‘International domicile’ and Investment Domicile Type ‘international domicile’, report the proportion of the investment which is currency hedged in Table 1 Column 14. Blanks are taken as unhedged.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the investment international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 13 against the underlying asset class sector type;\n-   report the effective exposure in column 12 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 12 and 13 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 12;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 12, report the actual currency hedging level against the investment exposure hedged as a percentage in column 14.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.1 table 1.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550.1 table 1.\n\n| Column | Field name                                      | Unique identifier | Applicable to | Valid values                                                                                                                                                                              | Description                                                                               |\n| ------ | ----------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------- |\n| 1      | Investment Type                                 | Y                 | All filers    | Directly HeldIndirectly Held                                                                                                                                                              | Report the investment type of the investment.                                             |\n| 2      | Investment Vehicle Type                         | Y                 | All filers    | Cash Management TrustLife Company GuaranteedLife Company Investment LinkedLife Company OtherPooled Superannuation TrustRetail TrustWholesale TrustOther Indirect InvestmentNot Applicable | Report the investment vehicle type of the investment.                                     |\n| 3      | Investment Vehicle Listing Type                 | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                                              | Report the listing type of the investment vehicle.                                        |\n| 4      | Investment Vehicle Domicile Type                | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                                                   | Report the domicile type of the investment vehicle.                                       |\n| 5      | Investment Asset Class Sector Type              | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                                                 | Report the asset class sector type of the investment.                                     |\n| 6      | Investment Asset Class Characteristic 1 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 1 of the investment.                                |\n| 7      | Investment Asset Class Characteristic 2 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 2 of the investment.                                |\n| 8      | Investment Asset Class Characteristic 3 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 3 of the investment.                                |\n| 9      | Investment Listing Type                         | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                                              | Report the listing type of the investment.                                                |\n| 10     | Investment Domicile Type                        | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                                                   | Report the domicile type of the investment.                                               |\n| 11     | Investment International Economy Type           | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                                           | Report the international economy type of the investment.                                  |\n| 12     | Investment Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the value of the investment.                                                       |\n| 13     | Investment Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the synthetic exposure of the investment.                                          |\n| 14     | Investment Currency Hedged Percent              |                   | All filers    | Percentage to 2 decimal places                                                                                                                                                            | Report the currency hedged (%) of the investment.                                         |\n| 15     | Investment Individually Managed Mandates Amount |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the portion of the investment which is invested via individually managed mandates. |\n\n### Table 2: Currency exposure\n\nReport data as at the end of the reporting period.\n\nThe value of investments reported in table 2 column 2 must be calculated as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\n| Column | Field name                  | Unique identifier | Applicable to | Valid values             | Description                                                                |\n| ------ | --------------------------- | ----------------- | ------------- | ------------------------ | -------------------------------------------------------------------------- |\n| 1      | Assets Held Currency Code   | Y                 | All filers    | Applicable currency code | Report the currency code of the currency in which the entity holds assets. |\n| 2      | Assets Currency Held Amount |                   | All filers    | Whole dollars            | Report the value of the assets held in the currency.                       |","sortOrder":32},{"sectionNumber":"Investments and Currency Exposure","sectionType":"part","heading":"Investments and Currency Exposure","content":"# Reporting Form SRF 550.1\n\n# Investments and Currency Exposure\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1). This form collects information relating to the investments and currency exposures of registrable superannuation entities.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.1 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.1 in accordance with the Australian Accounting Standards.\n\nAmounts in SRF 550.1 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.1 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nCertain items in SRF 550.1 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:\n\n    (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n    (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n    (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[7\\]](#_ftn7) [\\[8\\]](#_ftn8)\n\nThese instructions specify the reporting basis, unit of measurement and look through basis that applies to each item.\n\n### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\n### Table 1: Investments\n\nReport data as at the end of the reporting period.\n\n### APRA-look through basis\n\nWhere Directly Held is reported as the investment type (column 1), report on a non-APRA-look through basis. Where Indirectly Held is reported as the investment type (column 1), report on an APRA-look through basis, with reference to the investments underlying and investment vehicle.\n\nWhen reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type and listing type represented in the underlying investments.\n\nWhen reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.\n\nWhen the investment vehicle is an investment vehicle - connected entity, report on an APRA-look through basis: e.g. obtain information to classify the investment by all characteristics in Table 2.\n\nWhen the investment vehicle is an investment vehicle - non-connected entity, report each combination of asset class sector type, domicile type, international economy type and listing type. Where information on asset class characteristic 1, asset class characteristic 2, asset class characteristic 3 are available, report this information. If not available, report based on best available or report ‘not available’.\n\nAn RSE licensee is to submit a revised form by the reporting date:\n\n    where information reported as ‘not available’ in the immediately preceding reporting period and the information becomes available during this reporting period; or\n    where information was reported on a best available basis in the immediately preceding reporting period and a material difference is identified during this reporting period.\n\n### Instructions\n\nReport the value of investments of the RSE. For each investment, report the investment vehicle type, the listing type and domicile type of the investment vehicle. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis.\n\nInvestments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.\n\nExchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.\n\nFor investments in connected diversified property investment vehicles or unlisted direct property assets, report asset class characteristic 1 using either property development or property established.\n\nFor investments in connected diversified infrastructure investment vehicles or unlisted direct infrastructure assets, report asset class characteristic 1 using either infrastructure development or infrastructure established.\n\nAlternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.\n\nThe value of investments reported in table 1 column 12 must be calculated on an effective exposure basis as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\nWhen reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. The apportionment will enable the net asset value of the indirectly held investment to be reported in table 1 column 12.\n\nIf derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to table 1 column 14).\n\nFor Investment Vehicle Type ‘International domicile’ and Investment Domicile Type ‘international domicile’, report the proportion of the investment which is currency hedged in Table 1 Column 14. Blanks are taken as unhedged.\n\nWhere the investment listing is not known, report investment listing type as ‘Not Applicable’.\n\nWhere the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.\n\nReport investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the investment international economy type is not known, report investment domicile type as ‘Not Applicable’.\n\n### Synthetic exposure\n\nWhere a derivative is held for the purpose of either gaining or reducing exposure to an underlying asset class:\n\n-   report the synthetic exposure in column 13 against the underlying asset class sector type;\n-   report the effective exposure in column 12 which comprises the physical securities, synthetic exposures and the market value of the derivatives; and\n-   report the corresponding cash offset value (i.e., inverse of the notional principal value of the derivative) in columns 12 and 13 of the relevant strategic sector type under the Cash asset class sector type and Cash Offset Derivatives Investment Asset Class Characteristic 2 Type.\n\nWhere a derivative is held for the purposes of hedging currency risk:\n\n-   report the market value of the foreign currency (FX) derivative against the asset class sector type the FX derivative is related to in column 12;\n-   where the market value of the FX derivative is not allocated to a particular asset class sector type report against the ‘Cash’ asset class sector type and Cash Foreign Exchange Derivative Contracts Investment Asset Class Characteristic 2 Type in column 12, report the actual currency hedging level against the investment exposure hedged as a percentage in column 14.\n-   the notional principal value of the FX derivative does not need to be reported in SRF 550.1 table 1.\n\nWhere a derivative is held for the purposes of adjusting interest rate risk:\n\n-   report the market value of the derivative apportioned on an asset weighted basis against each reported combination of investment exposures whose modified duration is altered by the derivative. The notional principal value of the derivative does not need to be reported in SRF 550.1 table 1.\n\n| Column | Field name                                      | Unique identifier | Applicable to | Valid values                                                                                                                                                                              | Description                                                                               |\n| ------ | ----------------------------------------------- | ----------------- | ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------- |\n| 1      | Investment Type                                 | Y                 | All filers    | Directly HeldIndirectly Held                                                                                                                                                              | Report the investment type of the investment.                                             |\n| 2      | Investment Vehicle Type                         | Y                 | All filers    | Cash Management TrustLife Company GuaranteedLife Company Investment LinkedLife Company OtherPooled Superannuation TrustRetail TrustWholesale TrustOther Indirect InvestmentNot Applicable | Report the investment vehicle type of the investment.                                     |\n| 3      | Investment Vehicle Listing Type                 | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                                              | Report the listing type of the investment vehicle.                                        |\n| 4      | Investment Vehicle Domicile Type                | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                                                   | Report the domicile type of the investment vehicle.                                       |\n| 5      | Investment Asset Class Sector Type              | Y                 | All filers    | CashFixed IncomeEquityPropertyInfrastructureAlternativesCurrency Exposure                                                                                                                 | Report the asset class sector type of the investment.                                     |\n| 6      | Investment Asset Class Characteristic 1 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 1 of the investment.                                |\n| 7      | Investment Asset Class Characteristic 2 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 2 of the investment.                                |\n| 8      | Investment Asset Class Characteristic 3 Type    | Y                 | All filers    | Consult appendix A for valid values for the asset class sector type selected in column 5.                                                                                                 | Report the asset class characteristic 3 of the investment.                                |\n| 9      | Investment Listing Type                         | Y                 | All filers    | ListedUnlistedNot Applicable                                                                                                                                                              | Report the listing type of the investment.                                                |\n| 10     | Investment Domicile Type                        | Y                 | All filers    | Australian DomicileInternational DomicileNot Applicable                                                                                                                                   | Report the domicile type of the investment.                                               |\n| 11     | Investment International Economy Type           | Y                 | All filers    | Emerging MarketsDeveloped MarketsNot Applicable                                                                                                                                           | Report the international economy type of the investment.                                  |\n| 12     | Investment Value Amount                         |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the value of the investment.                                                       |\n| 13     | Investment Synthetic Exposure Amount            |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the synthetic exposure of the investment.                                          |\n| 14     | Investment Currency Hedged Percent              |                   | All filers    | Percentage to 2 decimal places                                                                                                                                                            | Report the currency hedged (%) of the investment.                                         |\n| 15     | Investment Individually Managed Mandates Amount |                   | All filers    | Whole dollars                                                                                                                                                                             | Report the portion of the investment which is invested via individually managed mandates. |\n\n### Table 2: Currency exposure\n\nReport data as at the end of the reporting period.\n\nThe value of investments reported in table 2 column 2 must be calculated as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\n| Column | Field name                  | Unique identifier | Applicable to | Valid values             | Description                                                                |\n| ------ | --------------------------- | ----------------- | ------------- | ------------------------ | -------------------------------------------------------------------------- |\n| 1      | Assets Held Currency Code   | Y                 | All filers    | Applicable currency code | Report the currency code of the currency in which the entity holds assets. |\n| 2      | Assets Currency Held Amount |                   | All filers    | Whole dollars            | Report the value of the assets held in the currency.                       |","sortOrder":33},{"sectionNumber":"Table 1: Investments","sectionType":"division","heading":"Table 1: Investments","content":"### Table 1: Investments\n\nReport data as at the end of the reporting period.","sortOrder":40},{"sectionNumber":"Table 2: Currency exposure","sectionType":"division","heading":"Table 2: Currency exposure","content":"### Table 2: Currency exposure\n\nReport data as at the end of the reporting period.\n\nThe value of investments reported in table 2 column 2 must be calculated as the sum of the value of all physical assets (having applied APRA-look through) together with the equivalent asset position of the derivative instruments.\n\n| Column | Field name                  | Unique identifier | Applicable to | Valid values             | Description                                                                |\n| ------ | --------------------------- | ----------------- | ------------- | ------------------------ | -------------------------------------------------------------------------- |\n| 1      | Assets Held Currency Code   | Y                 | All filers    | Applicable currency code | Report the currency code of the currency in which the entity holds assets. |\n| 2      | Assets Currency Held Amount |                   | All filers    | Whole dollars            | Report the value of the assets held in the currency.                       |","sortOrder":44},{"sectionNumber":"Reporting Form SRF 550.2","sectionType":"part","heading":"Reporting Form SRF 550.2","content":"# Reporting Form SRF 550.2\n\n# Derivatives and Counterparties\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2). This form collects information on the derivative exposures of RSEs and counterparties to these exposures.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.2 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.2 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns to APRA.\n\nAmounts in SRF 550.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nItems on SRF 550.2 are to be reported on a non-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### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\nReport only directly held investments in derivative financial instruments on SRF 550.2, which may or may not be invested via an individually managed mandate.\n\nDo not report indirectly held investments in derivative financial instruments on SRF 550.2.\n\n### Table 1: Derivative financial instruments\n\nReport columns 1 to 12 as at the end of the reporting period. Report column 13 with respect to transactions that occurred during the reporting period.\n\nInstructions\n\nFor each combination of exposure type, derivative type, counterparty name, counterparty rating grade, type of counterparty and contract type report the principal amount in column 9, the gross positive market value in column 10, the gross negative market value in column 11, the derivatives net market value in column 12, and the derivatives net transactions in column 13.\n\n| Column | Field name                                    | Unique identifier | Applicable to | Valid values                                                                                                       | Description                                                                                                                                          |\n| ------ | --------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Derivative Exposure Type                      | Y                 | All filers    | Interest Rate ContractForeign Exchange ContractCredit Risk ContractEquity ContractCommodity ContractOther Contract | Report the exposure type.                                                                                                                            |\n| 2      | Derivative Type                               | Y                 | All filers    | Exchange TradedOver The Counter ClearedOver The Counter Not Cleared                                                | Report the derivative type.                                                                                                                          |\n| 3      | Counterparty Name Text                        | Y                 | All filers    | Free text                                                                                                          | Report the name of the counterparty to the transaction.                                                                                              |\n| 4      | Counterparty Rating Grade Type                | Y                 | All filers    | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable                                                    | Report the counterparty rating grade.                                                                                                                |\n| 5      | Counterparty Residency Indicator              | Y                 | All filers    | Australian ResidentNon Resident                                                                                    | Report the counterparty residency status.                                                                                                            |\n| 6      | Counterparty Type                             | Y                 | All filers    | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions          | Report the type of counterparty.                                                                                                                     |\n| 7      | Counterparty Other Description Text           |                   | All filers    | Free text                                                                                                          | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 8      | Derivative Contract Type                      | Y                 | All filers    | OptionsForwardsFuturesSwapsOther                                                                                   | Report the contract type.                                                                                                                            |\n| 9      | Derivative Principal Amount                   |                   | All filers    | Whole dollars                                                                                                      | Report the principal amount of the derivatives.                                                                                                      |\n| 10     | Derivative Gross Positive Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross positive market value of the derivatives.                                                                                           |\n| 11     | Derivative Gross Negative Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross negative market value of the derivatives.                                                                                           |\n| 12     | Derivative Net Market Value Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net market value of the derivatives.                                                                                          |\n| 13     | Derivative Net Transactions Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net transactions during the period.                                                                                           |\n\n### Table 2: Derivative collateral and counterparties\n\n### Report Table 2 as at the end of the reporting period.\n\n### Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions\n\nReport the value of assets of the RSE that are pledged to secure derivative positions as at the end of the reporting period.\n\n| Column | Field name                                           | Unique identifier | Applicable to | Valid values  | Description                                                                            |\n| ------ | ---------------------------------------------------- | ----------------- | ------------- | ------------- | -------------------------------------------------------------------------------------- |\n| 1      | Assets Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars | Report the value of assets of the RSE that are pledged to secure derivative positions. |\n\n### Table 2.2 Directly held over the counter derivatives\n\nReport net collateral pledged to secure over the counter derivative contracts as at the end of the reporting period for each counterparty for over the counter derivatives reported in Table 1.\n\nInstructions\n\nFor each combination of counterparty name, counterparty identifier and collateral type report the net collateral pledged to secure positions with the counterparty.\n\nWhere collateral is received from the counterparty, then this amount should be negative. Where collateral is posted (or pledged) to the counterparty, then this amount should be positive.\n\n| Column | Field name                                                   | Unique identifier | Applicable to | Valid values                | Description                                                                  |\n| ------ | ------------------------------------------------------------ | ----------------- | ------------- | --------------------------- | ---------------------------------------------------------------------------- |\n| 1      | Counterparty Name Text                                       | Y                 | All filers    | Free text                   | Report the name of the counterparty to the transaction.                      |\n| 2      | Counterparty Identifier                                      | Y                 | All filers    | Free text                   | Report the counterparty identifier.                                          |\n| 3      | Collateral Type                                              | Y                 | All filers    | CashSecuritiesOtherMultiple | Report the collateral type.                                                  |\n| 4      | Collateral Net Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars               | Report the net collateral pledged to secure positions with the counterparty. |","sortOrder":45},{"sectionNumber":"Derivatives and Counterparties","sectionType":"part","heading":"Derivatives and Counterparties","content":"# Reporting Form SRF 550.2\n\n# Derivatives and Counterparties\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2). This form collects information on the derivative exposures of RSEs and counterparties to these exposures.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.2 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.2 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns to APRA.\n\nAmounts in SRF 550.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nItems on SRF 550.2 are to be reported on a non-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### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\nReport only directly held investments in derivative financial instruments on SRF 550.2, which may or may not be invested via an individually managed mandate.\n\nDo not report indirectly held investments in derivative financial instruments on SRF 550.2.\n\n### Table 1: Derivative financial instruments\n\nReport columns 1 to 12 as at the end of the reporting period. Report column 13 with respect to transactions that occurred during the reporting period.\n\nInstructions\n\nFor each combination of exposure type, derivative type, counterparty name, counterparty rating grade, type of counterparty and contract type report the principal amount in column 9, the gross positive market value in column 10, the gross negative market value in column 11, the derivatives net market value in column 12, and the derivatives net transactions in column 13.\n\n| Column | Field name                                    | Unique identifier | Applicable to | Valid values                                                                                                       | Description                                                                                                                                          |\n| ------ | --------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Derivative Exposure Type                      | Y                 | All filers    | Interest Rate ContractForeign Exchange ContractCredit Risk ContractEquity ContractCommodity ContractOther Contract | Report the exposure type.                                                                                                                            |\n| 2      | Derivative Type                               | Y                 | All filers    | Exchange TradedOver The Counter ClearedOver The Counter Not Cleared                                                | Report the derivative type.                                                                                                                          |\n| 3      | Counterparty Name Text                        | Y                 | All filers    | Free text                                                                                                          | Report the name of the counterparty to the transaction.                                                                                              |\n| 4      | Counterparty Rating Grade Type                | Y                 | All filers    | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable                                                    | Report the counterparty rating grade.                                                                                                                |\n| 5      | Counterparty Residency Indicator              | Y                 | All filers    | Australian ResidentNon Resident                                                                                    | Report the counterparty residency status.                                                                                                            |\n| 6      | Counterparty Type                             | Y                 | All filers    | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions          | Report the type of counterparty.                                                                                                                     |\n| 7      | Counterparty Other Description Text           |                   | All filers    | Free text                                                                                                          | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 8      | Derivative Contract Type                      | Y                 | All filers    | OptionsForwardsFuturesSwapsOther                                                                                   | Report the contract type.                                                                                                                            |\n| 9      | Derivative Principal Amount                   |                   | All filers    | Whole dollars                                                                                                      | Report the principal amount of the derivatives.                                                                                                      |\n| 10     | Derivative Gross Positive Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross positive market value of the derivatives.                                                                                           |\n| 11     | Derivative Gross Negative Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross negative market value of the derivatives.                                                                                           |\n| 12     | Derivative Net Market Value Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net market value of the derivatives.                                                                                          |\n| 13     | Derivative Net Transactions Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net transactions during the period.                                                                                           |\n\n### Table 2: Derivative collateral and counterparties\n\n### Report Table 2 as at the end of the reporting period.\n\n### Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions\n\nReport the value of assets of the RSE that are pledged to secure derivative positions as at the end of the reporting period.\n\n| Column | Field name                                           | Unique identifier | Applicable to | Valid values  | Description                                                                            |\n| ------ | ---------------------------------------------------- | ----------------- | ------------- | ------------- | -------------------------------------------------------------------------------------- |\n| 1      | Assets Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars | Report the value of assets of the RSE that are pledged to secure derivative positions. |\n\n### Table 2.2 Directly held over the counter derivatives\n\nReport net collateral pledged to secure over the counter derivative contracts as at the end of the reporting period for each counterparty for over the counter derivatives reported in Table 1.\n\nInstructions\n\nFor each combination of counterparty name, counterparty identifier and collateral type report the net collateral pledged to secure positions with the counterparty.\n\nWhere collateral is received from the counterparty, then this amount should be negative. Where collateral is posted (or pledged) to the counterparty, then this amount should be positive.\n\n| Column | Field name                                                   | Unique identifier | Applicable to | Valid values                | Description                                                                  |\n| ------ | ------------------------------------------------------------ | ----------------- | ------------- | --------------------------- | ---------------------------------------------------------------------------- |\n| 1      | Counterparty Name Text                                       | Y                 | All filers    | Free text                   | Report the name of the counterparty to the transaction.                      |\n| 2      | Counterparty Identifier                                      | Y                 | All filers    | Free text                   | Report the counterparty identifier.                                          |\n| 3      | Collateral Type                                              | Y                 | All filers    | CashSecuritiesOtherMultiple | Report the collateral type.                                                  |\n| 4      | Collateral Net Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars               | Report the net collateral pledged to secure positions with the counterparty. |","sortOrder":46},{"sectionNumber":"Table 1: Derivative financial instrument","sectionType":"division","heading":"Table 1: Derivative financial instruments","content":"### Table 1: Derivative financial instruments\n\nReport columns 1 to 12 as at the end of the reporting period. Report column 13 with respect to transactions that occurred during the reporting period.\n\nInstructions\n\nFor each combination of exposure type, derivative type, counterparty name, counterparty rating grade, type of counterparty and contract type report the principal amount in column 9, the gross positive market value in column 10, the gross negative market value in column 11, the derivatives net market value in column 12, and the derivatives net transactions in column 13.\n\n| Column | Field name                                    | Unique identifier | Applicable to | Valid values                                                                                                       | Description                                                                                                                                          |\n| ------ | --------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Derivative Exposure Type                      | Y                 | All filers    | Interest Rate ContractForeign Exchange ContractCredit Risk ContractEquity ContractCommodity ContractOther Contract | Report the exposure type.                                                                                                                            |\n| 2      | Derivative Type                               | Y                 | All filers    | Exchange TradedOver The Counter ClearedOver The Counter Not Cleared                                                | Report the derivative type.                                                                                                                          |\n| 3      | Counterparty Name Text                        | Y                 | All filers    | Free text                                                                                                          | Report the name of the counterparty to the transaction.                                                                                              |\n| 4      | Counterparty Rating Grade Type                | Y                 | All filers    | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable                                                    | Report the counterparty rating grade.                                                                                                                |\n| 5      | Counterparty Residency Indicator              | Y                 | All filers    | Australian ResidentNon Resident                                                                                    | Report the counterparty residency status.                                                                                                            |\n| 6      | Counterparty Type                             | Y                 | All filers    | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions          | Report the type of counterparty.                                                                                                                     |\n| 7      | Counterparty Other Description Text           |                   | All filers    | Free text                                                                                                          | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 8      | Derivative Contract Type                      | Y                 | All filers    | OptionsForwardsFuturesSwapsOther                                                                                   | Report the contract type.                                                                                                                            |\n| 9      | Derivative Principal Amount                   |                   | All filers    | Whole dollars                                                                                                      | Report the principal amount of the derivatives.                                                                                                      |\n| 10     | Derivative Gross Positive Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross positive market value of the derivatives.                                                                                           |\n| 11     | Derivative Gross Negative Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross negative market value of the derivatives.                                                                                           |\n| 12     | Derivative Net Market Value Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net market value of the derivatives.                                                                                          |\n| 13     | Derivative Net Transactions Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net transactions during the period.                                                                                           |","sortOrder":53},{"sectionNumber":"Table 2: Derivative collateral and count","sectionType":"division","heading":"Table 2: Derivative collateral and counterparties","content":"# Reporting Form SRF 550.2\n\n# Derivatives and Counterparties\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2). This form collects information on the derivative exposures of RSEs and counterparties to these exposures.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.2 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.2 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns to APRA.\n\nAmounts in SRF 550.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nItems on SRF 550.2 are to be reported on a non-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### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\nReport only directly held investments in derivative financial instruments on SRF 550.2, which may or may not be invested via an individually managed mandate.\n\nDo not report indirectly held investments in derivative financial instruments on SRF 550.2.\n\n### Table 1: Derivative financial instruments\n\nReport columns 1 to 12 as at the end of the reporting period. Report column 13 with respect to transactions that occurred during the reporting period.\n\nInstructions\n\nFor each combination of exposure type, derivative type, counterparty name, counterparty rating grade, type of counterparty and contract type report the principal amount in column 9, the gross positive market value in column 10, the gross negative market value in column 11, the derivatives net market value in column 12, and the derivatives net transactions in column 13.\n\n| Column | Field name                                    | Unique identifier | Applicable to | Valid values                                                                                                       | Description                                                                                                                                          |\n| ------ | --------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Derivative Exposure Type                      | Y                 | All filers    | Interest Rate ContractForeign Exchange ContractCredit Risk ContractEquity ContractCommodity ContractOther Contract | Report the exposure type.                                                                                                                            |\n| 2      | Derivative Type                               | Y                 | All filers    | Exchange TradedOver The Counter ClearedOver The Counter Not Cleared                                                | Report the derivative type.                                                                                                                          |\n| 3      | Counterparty Name Text                        | Y                 | All filers    | Free text                                                                                                          | Report the name of the counterparty to the transaction.                                                                                              |\n| 4      | Counterparty Rating Grade Type                | Y                 | All filers    | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable                                                    | Report the counterparty rating grade.                                                                                                                |\n| 5      | Counterparty Residency Indicator              | Y                 | All filers    | Australian ResidentNon Resident                                                                                    | Report the counterparty residency status.                                                                                                            |\n| 6      | Counterparty Type                             | Y                 | All filers    | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions          | Report the type of counterparty.                                                                                                                     |\n| 7      | Counterparty Other Description Text           |                   | All filers    | Free text                                                                                                          | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 8      | Derivative Contract Type                      | Y                 | All filers    | OptionsForwardsFuturesSwapsOther                                                                                   | Report the contract type.                                                                                                                            |\n| 9      | Derivative Principal Amount                   |                   | All filers    | Whole dollars                                                                                                      | Report the principal amount of the derivatives.                                                                                                      |\n| 10     | Derivative Gross Positive Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross positive market value of the derivatives.                                                                                           |\n| 11     | Derivative Gross Negative Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross negative market value of the derivatives.                                                                                           |\n| 12     | Derivative Net Market Value Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net market value of the derivatives.                                                                                          |\n| 13     | Derivative Net Transactions Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net transactions during the period.                                                                                           |\n\n### Table 2: Derivative collateral and counterparties\n\n### Report Table 2 as at the end of the reporting period.\n\n### Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions\n\nReport the value of assets of the RSE that are pledged to secure derivative positions as at the end of the reporting period.\n\n| Column | Field name                                           | Unique identifier | Applicable to | Valid values  | Description                                                                            |\n| ------ | ---------------------------------------------------- | ----------------- | ------------- | ------------- | -------------------------------------------------------------------------------------- |\n| 1      | Assets Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars | Report the value of assets of the RSE that are pledged to secure derivative positions. |\n\n### Table 2.2 Directly held over the counter derivatives\n\nReport net collateral pledged to secure over the counter derivative contracts as at the end of the reporting period for each counterparty for over the counter derivatives reported in Table 1.\n\nInstructions\n\nFor each combination of counterparty name, counterparty identifier and collateral type report the net collateral pledged to secure positions with the counterparty.\n\nWhere collateral is received from the counterparty, then this amount should be negative. Where collateral is posted (or pledged) to the counterparty, then this amount should be positive.\n\n| Column | Field name                                                   | Unique identifier | Applicable to | Valid values                | Description                                                                  |\n| ------ | ------------------------------------------------------------ | ----------------- | ------------- | --------------------------- | ---------------------------------------------------------------------------- |\n| 1      | Counterparty Name Text                                       | Y                 | All filers    | Free text                   | Report the name of the counterparty to the transaction.                      |\n| 2      | Counterparty Identifier                                      | Y                 | All filers    | Free text                   | Report the counterparty identifier.                                          |\n| 3      | Collateral Type                                              | Y                 | All filers    | CashSecuritiesOtherMultiple | Report the collateral type.                                                  |\n| 4      | Collateral Net Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars               | Report the net collateral pledged to secure positions with the counterparty. |","sortOrder":54},{"sectionNumber":"Report Table 2 as at the end of the repo","sectionType":"division","heading":"Report Table 2 as at the end of the reporting period.","content":"# Reporting Form SRF 550.2\n\n# Derivatives and Counterparties\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2). This form collects information on the derivative exposures of RSEs and counterparties to these exposures.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.2 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).\n\n### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.  \n  \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.\n\n### Reporting basis and unit of measurement\n\nReport all items on SRF 550.2 in accordance with the Australian Accounting Standards.\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 may 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 must use the same exchange rates across all returns to APRA.\n\nAmounts in SRF 550.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 550.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.\n\nItems on SRF 550.2 are to be reported on a non-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### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions\n\nReport only directly held investments in derivative financial instruments on SRF 550.2, which may or may not be invested via an individually managed mandate.\n\nDo not report indirectly held investments in derivative financial instruments on SRF 550.2.\n\n### Table 1: Derivative financial instruments\n\nReport columns 1 to 12 as at the end of the reporting period. Report column 13 with respect to transactions that occurred during the reporting period.\n\nInstructions\n\nFor each combination of exposure type, derivative type, counterparty name, counterparty rating grade, type of counterparty and contract type report the principal amount in column 9, the gross positive market value in column 10, the gross negative market value in column 11, the derivatives net market value in column 12, and the derivatives net transactions in column 13.\n\n| Column | Field name                                    | Unique identifier | Applicable to | Valid values                                                                                                       | Description                                                                                                                                          |\n| ------ | --------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1      | Derivative Exposure Type                      | Y                 | All filers    | Interest Rate ContractForeign Exchange ContractCredit Risk ContractEquity ContractCommodity ContractOther Contract | Report the exposure type.                                                                                                                            |\n| 2      | Derivative Type                               | Y                 | All filers    | Exchange TradedOver The Counter ClearedOver The Counter Not Cleared                                                | Report the derivative type.                                                                                                                          |\n| 3      | Counterparty Name Text                        | Y                 | All filers    | Free text                                                                                                          | Report the name of the counterparty to the transaction.                                                                                              |\n| 4      | Counterparty Rating Grade Type                | Y                 | All filers    | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable                                                    | Report the counterparty rating grade.                                                                                                                |\n| 5      | Counterparty Residency Indicator              | Y                 | All filers    | Australian ResidentNon Resident                                                                                    | Report the counterparty residency status.                                                                                                            |\n| 6      | Counterparty Type                             | Y                 | All filers    | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions          | Report the type of counterparty.                                                                                                                     |\n| 7      | Counterparty Other Description Text           |                   | All filers    | Free text                                                                                                          | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 8      | Derivative Contract Type                      | Y                 | All filers    | OptionsForwardsFuturesSwapsOther                                                                                   | Report the contract type.                                                                                                                            |\n| 9      | Derivative Principal Amount                   |                   | All filers    | Whole dollars                                                                                                      | Report the principal amount of the derivatives.                                                                                                      |\n| 10     | Derivative Gross Positive Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross positive market value of the derivatives.                                                                                           |\n| 11     | Derivative Gross Negative Market Value Amount |                   | All filers    | Whole dollars                                                                                                      | Report the gross negative market value of the derivatives.                                                                                           |\n| 12     | Derivative Net Market Value Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net market value of the derivatives.                                                                                          |\n| 13     | Derivative Net Transactions Amount            |                   | All filers    | Whole dollars                                                                                                      | Report the derivatives net transactions during the period.                                                                                           |\n\n### Table 2: Derivative collateral and counterparties\n\n### Report Table 2 as at the end of the reporting period.\n\n### Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions\n\nReport the value of assets of the RSE that are pledged to secure derivative positions as at the end of the reporting period.\n\n| Column | Field name                                           | Unique identifier | Applicable to | Valid values  | Description                                                                            |\n| ------ | ---------------------------------------------------- | ----------------- | ------------- | ------------- | -------------------------------------------------------------------------------------- |\n| 1      | Assets Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars | Report the value of assets of the RSE that are pledged to secure derivative positions. |\n\n### Table 2.2 Directly held over the counter derivatives\n\nReport net collateral pledged to secure over the counter derivative contracts as at the end of the reporting period for each counterparty for over the counter derivatives reported in Table 1.\n\nInstructions\n\nFor each combination of counterparty name, counterparty identifier and collateral type report the net collateral pledged to secure positions with the counterparty.\n\nWhere collateral is received from the counterparty, then this amount should be negative. Where collateral is posted (or pledged) to the counterparty, then this amount should be positive.\n\n| Column | Field name                                                   | Unique identifier | Applicable to | Valid values                | Description                                                                  |\n| ------ | ------------------------------------------------------------ | ----------------- | ------------- | --------------------------- | ---------------------------------------------------------------------------- |\n| 1      | Counterparty Name Text                                       | Y                 | All filers    | Free text                   | Report the name of the counterparty to the transaction.                      |\n| 2      | Counterparty Identifier                                      | Y                 | All filers    | Free text                   | Report the counterparty identifier.                                          |\n| 3      | Collateral Type                                              | Y                 | All filers    | CashSecuritiesOtherMultiple | Report the collateral type.                                                  |\n| 4      | Collateral Net Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars               | Report the net collateral pledged to secure positions with the counterparty. |","sortOrder":55},{"sectionNumber":"Table 2.1 Value of assets of the RSE tha","sectionType":"division","heading":"Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions","content":"### Table 2.1 Value of assets of the RSE that are pledged to secure derivative positions\n\nReport the value of assets of the RSE that are pledged to secure derivative positions as at the end of the reporting period.\n\n| Column | Field name                                           | Unique identifier | Applicable to | Valid values  | Description                                                                            |\n| ------ | ---------------------------------------------------- | ----------------- | ------------- | ------------- | -------------------------------------------------------------------------------------- |\n| 1      | Assets Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars | Report the value of assets of the RSE that are pledged to secure derivative positions. |","sortOrder":56},{"sectionNumber":"Table 2.2 Directly held over the counter","sectionType":"division","heading":"Table 2.2 Directly held over the counter derivatives","content":"### Table 2.2 Directly held over the counter derivatives\n\nReport net collateral pledged to secure over the counter derivative contracts as at the end of the reporting period for each counterparty for over the counter derivatives reported in Table 1.\n\nInstructions\n\nFor each combination of counterparty name, counterparty identifier and collateral type report the net collateral pledged to secure positions with the counterparty.\n\nWhere collateral is received from the counterparty, then this amount should be negative. Where collateral is posted (or pledged) to the counterparty, then this amount should be positive.\n\n| Column | Field name                                                   | Unique identifier | Applicable to | Valid values                | Description                                                                  |\n| ------ | ------------------------------------------------------------ | ----------------- | ------------- | --------------------------- | ---------------------------------------------------------------------------- |\n| 1      | Counterparty Name Text                                       | Y                 | All filers    | Free text                   | Report the name of the counterparty to the transaction.                      |\n| 2      | Counterparty Identifier                                      | Y                 | All filers    | Free text                   | Report the counterparty identifier.                                          |\n| 3      | Collateral Type                                              | Y                 | All filers    | CashSecuritiesOtherMultiple | Report the collateral type.                                                  |\n| 4      | Collateral Net Pledged To Secure Derivative Positions Amount |                   | All filers    | Whole dollars               | Report the net collateral pledged to secure positions with the counterparty. |","sortOrder":57},{"sectionNumber":"Appendix A - Asset class hierarchy","sectionType":"part","heading":"Appendix A - Asset class hierarchy","content":"# Appendix A - Asset class hierarchy\n\nThe following table shows the hierarchical relationships between the asset class sector type, asset class characteristic 1, asset class characteristic 2 and asset class characteristic 3.\n\n```html\n<table cellspacing=\"0\" cellpadding=\"0\" style=\"width:100%; border:0.75pt solid #000000; border-collapse:collapse\"><thead><tr><td style=\"width:78.05pt; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span style=\"font-weight:bold\">Asset class sector type</span></p></td><td style=\"width:183.6pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span style=\"font-weight:bold\">Asset class characteristic 1</span></p></td><td style=\"width:200.5pt; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span style=\"font-weight:bold\">Asset class characteristic 2</span></p></td><td style=\"width:192.1pt; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span style=\"font-weight:bold\">Asset class characteristic 3</span></p></td></tr></thead><tbody><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Cash</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Cash Cash At Bank</span></p><p style=\"font-size:12pt\"><span>Cash Term Deposit</span></p><p style=\"font-size:12pt\"><span>Cash Short Term Bank Bills Or Securities</span></p><p style=\"font-size:12pt\"><span>Cash Cash Management Trust</span></p><p style=\"font-size:12pt\"><span>Cash Foreign Exchange Derivative Contracts</span></p><p style=\"font-size:12pt\"><span>Cash Offset Derivatives</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td></tr><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Fixed Income</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Fixed Income Investment Grade</span></p><p style=\"font-size:12pt\"><span>Fixed Income Non Investment Grade</span></p><p style=\"font-size:12pt\"><span>Fixed Income Development</span></p><p style=\"font-size:12pt\"><span>Fixed Income Established</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Fixed Income Bonds Government Coupon</span></p><p style=\"font-size:12pt\"><span>Fixed Income Bonds Government Inflation-linked</span></p><p style=\"font-size:12pt\"><span>Fixed Income Bonds Government Other</span></p><p style=\"font-size:12pt\"><span>Fixed Income Bonds Corporate</span></p><p style=\"font-size:12pt\"><span>Fixed Income Asset Backed Commercial Mortgage</span></p><p style=\"font-size:12pt\"><span>Fixed Income Asset Backed Residential Mortgage</span></p><p style=\"font-size:12pt\"><span>Fixed Income Asset Backed Other</span></p><p style=\"font-size:12pt\"><span>Fixed Income Structured Non-Asset Backed</span></p><p style=\"font-size:12pt\"><span>Fixed Income Mezzanine Debt</span></p><p style=\"font-size:12pt\"><span>Fixed Income Private Debt</span></p><p style=\"font-size:12pt\"><span>Fixed Income Enhanced Cash</span></p><p style=\"font-size:12pt\"><span>Fixed Income Other</span></p><p style=\"font-size:12pt\"><span>Fixed Income Term Deposit</span></p><p style=\"font-size:12pt\"><span>Fixed Income Bank Bills Or Securities</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Fixed Income Short Term</span></p><p style=\"font-size:12pt\"><span>Fixed Income Long Term</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td></tr><tr><td rowspan=\"2\" style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Equity</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Equity Listed Large Cap</span></p><p style=\"font-size:12pt\"><span>Equity Listed Mid Cap</span></p><p style=\"font-size:12pt\"><span>Equity Listed Small Cap</span></p><p style=\"font-size:12pt\"><span>Equity Listed Micro CapNot Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Equity Listed Active</span></p><p style=\"font-size:12pt\"><span>Equity Listed Passive</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td></tr><tr><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Equity Unlisted Development Or Early Stage</span></p><p style=\"font-size:12pt\"><span>Equity Unlisted Established Or Late Stage</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Equity Unlisted Leveraged Buyout</span></p><p style=\"font-size:12pt\"><span>Equity Unlisted Growth Equity</span></p><p style=\"font-size:12pt\"><span>Equity Unlisted Venture Capital</span></p><p style=\"font-size:12pt\"><span>Equity Unlisted Special Situations</span></p><p style=\"font-size:12pt\"><span>Equity Unlisted Other</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td></tr><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Property</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Property Development</span></p><p style=\"font-size:12pt\"><span>Property Established</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Property Commercial</span></p><p style=\"font-size:12pt\"><span>Property Industrial</span></p><p style=\"font-size:12pt\"><span>Property Retail</span></p><p style=\"font-size:12pt\"><span>Property Residential</span></p><p style=\"font-size:12pt\"><span>Property Agricultural</span></p><p style=\"font-size:12pt\"><span>Property Other</span></p><p style=\"font-size:12pt\"><span>Property Diversified</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td></tr><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Infrastructure</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Infrastructure Development</span></p><p style=\"font-size:12pt\"><span>Infrastructure Established</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Infrastructure Utilities</span></p><p style=\"font-size:12pt\"><span>Infrastructure Airports</span></p><p style=\"font-size:12pt\"><span>Infrastructure Toll Roads</span></p><p style=\"font-size:12pt\"><span>Infrastructure Ports</span></p><p style=\"font-size:12pt\"><span>Infrastructure Railways</span></p><p style=\"font-size:12pt\"><span>Infrastructure Social Availability</span></p><p style=\"font-size:12pt\"><span>Infrastructure Energy Assets</span></p><p style=\"font-size:12pt\"><span>Infrastructure Communications</span></p><p style=\"font-size:12pt\"><span>Infrastructure Other</span></p><p style=\"font-size:12pt\"><span>Infrastructure Diversified</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Infrastructure Government</span></p><p style=\"font-size:12pt\"><span>Infrastructure Non Government</span></p><p style=\"font-size:12pt\"><span>Infrastructure Public Private Partnership</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td></tr><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Alternatives</span></p></td><td style=\"width:183.6pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td><td style=\"width:200.5pt; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><a id=\"_Hlk82172968\"><span>Alternatives Activist</span></a></p><p style=\"font-size:12pt\"><span>Alternatives Convertible Bond Arbitrage</span></p><p style=\"font-size:12pt\"><span>Alternatives Credit Distressed</span></p><p style=\"font-size:12pt\"><span>Alternatives Long Short Credit</span></p><p style=\"font-size:12pt\"><span>Alternatives Long Short Equity</span></p><p style=\"font-size:12pt\"><span>Alternatives Equity Market Neutral</span></p><p style=\"font-size:12pt\"><span>Alternatives Event Driven</span></p><p style=\"font-size:12pt\"><span>Alternatives Fixed Income Arbitrage</span></p><p style=\"font-size:12pt\"><span>Alternatives Global Macro</span></p><p style=\"font-size:12pt\"><span>Alternatives Managed Futures Or Commodity Trading Advisor</span></p><p style=\"font-size:12pt\"><span>Alternatives Risk Arbitrage</span></p><p style=\"font-size:12pt\"><span>Alternatives Volatility Arbitrage</span></p><p style=\"font-size:12pt\"><span>Alternatives Multi Strategy</span></p><p style=\"font-size:12pt\"><span>Alternatives Insurance Linked Securities</span></p><p style=\"font-size:12pt\"><span>Alternatives Real Return Multi Asset Strategies</span></p><p style=\"font-size:12pt\"><span>Alternatives Commodities</span></p><p style=\"font-size:12pt\"><span>Alternatives Other</span></p><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span>Not Available</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p><p style=\"font-size:12pt\"><span></span></p></td></tr><tr><td style=\"width:78.05pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Currency Exposure</span></p></td><td style=\"width:183.6pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td><td style=\"width:200.5pt; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td><td style=\"width:192.1pt; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top\"><p style=\"font-size:12pt\"><span>Not Applicable</span></p></td></tr></tbody></table>\n```","sortOrder":58}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2642},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"This determination replaces Reporting Standard No. 16 of 2021 but maintains the same core scope: quarterly asset allocation reporting for superannuation entities. The amendments refine data collection (particularly around look-through reporting and currency hedging) without expanding the class of regulated entities or the fundamental purpose of prudential supervision."},"complexity_factors":["Three distinct reporting forms with over 40 specified data fields requiring precise formatting (whole dollars, percentages to 2 decimal places)","Complex 'APRA-look through basis' provisions with differentiated treatment for connected versus non-connected investment entities","Nested conditional logic for currency hedging reporting depending on whether targets are set at asset class or investment option level","Extensive cross-referencing to other legislative instruments including the SIS Act, SRS 101.0, SRF 605.0 and Prudential Standard SPS 310","Dual reporting timelines (28-day and 40-day deadlines) depending on the specific table being reported","Technical valuation requirements including effective exposure basis, synthetic exposure calculations and modified duration adjustments","Mandatory external audit and limited assurance engagement requirements under professional accounting standards","Transition provisions requiring parallel compliance with both old and new standards for overlapping reporting periods"],"plain_english_summary":"This Standard requires registrable superannuation entities, defined‑benefit funds, pooled superannuation trusts and eligible rollover funds to submit quarterly electronic reports to APRA detailing their investments, currency hedging, derivative exposures and underlying assets (look‑through for pooled vehicles). Data must meet timing deadlines, be auditor‑reviewed and CEO/CFO digitally signed. The reporting enhances APRA’s visibility of asset allocation and risk across Australia’s superannuation system, supporting supervision and resilience assessments."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-42-of-2023/documents"}}