{"id":"F2025L00544","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2025","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":106317,"registerId":"commonwealth-F2025L00544-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","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. 5 of 2025\n\nReporting Standard SRS 550.0 Asset Allocation\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Andrew Robertson, 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\n1. revoke Financial Sector (Collection of Data) (reporting standard) determination No. 42 of 2023, including Reporting Standard SRS 550.0 Asset Allocation made under that determination; and\n\n1. determine Reporting Standard SRS 550.0 Asset Allocation, in the form set out in the Schedule, which applies to 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 that the revoked reporting standard shall cease to apply, at the start of the day after the day this instrument is registered on the Federal Register of Legislation.\n\nThis instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.\n\nDated: 30 April 2025\n\nAndrew Robertson\n\nChief Data Officer\n\nTechnology and Data Division\n\nInterpretation\n\nIn this instrument:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nFederal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.\n\nfinancial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) 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 and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure, Reporting Form SRF 550.3 Derivative Transactions, Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives, 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\n1. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It is required for the purposes of the Australian Bureau of Statistics for compilation of the Australian National Accounts and other publications, and may also be used by the Australian Securities and Investments Commission.\n\n### Application\n\n1. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[\\[1\\]](#_ftn1).\n\n### Commencement\n\n1. This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.\n\n### Reporting periods\n\n1. The RSE licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.\n\n```html\n

Reporting Form

Reporting Table

Reporting Period

Due Date

First Reporting Period

Reporting Form SRF 550.0 Asset Allocation (SRF 550.0)

Table 1 Strategic Asset Allocation

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

28 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Actual Asset Allocation

40 calendar days after the end of relevant reporting period

Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1)

Table 1 Investments

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

40 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Currency Exposure

Reporting Form SRF 550.2 Derivatives and Counterparties - This form has been removed from this Reporting Standard.

Reporting Form SRF 550.3 Derivative Transactions (SRF 550.3)

Table 1 Derivative Transactions

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4)

Table 1 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Table 2 Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives

As at 31 March, 30 April and 31 May each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after 30 June each year

As at 31 March, 30 April and 31 May 2025

\n```\n\nNotices\n\n1. If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, 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 or PST.\n2. Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n3. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs 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, APRA’s expectation is that if the due date for a particular reporting period falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.\n\n### Form and method of submission\n\n1. 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\n1. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST 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 1. 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 2. 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).\n2. 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\n1. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.\n2. 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 1. obtain from the agent a copy of the completed form with the information provided to APRA; and\n 2. retain the completed copy.\n3. 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 1. the Chief Executive Officer of the RSE licensee; or\n 2. the Chief Financial Officer of the RSE licensee.\n\n### Minor alterations to forms and instructions\n\n1. APRA may make minor variations to:\n \n 1. 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 1. the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n1. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n1. 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\n1. that ended on or before 30 September 2025; and\n2. 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\n1. 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 5 or, if applicable, paragraph 7 or 8 of this Reporting Standard.\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 6 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, 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\nPooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n1. In this Reporting Standard, unless an instrument is not disallowable or a 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.\n2. 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 and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure, Reporting Form SRF 550.3 Derivative Transactions, Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives, 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\n1. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It is required for the purposes of the Australian Bureau of Statistics for compilation of the Australian National Accounts and other publications, and may also be used by the Australian Securities and Investments Commission.\n\n### Application\n\n1. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[\\[1\\]](#_ftn1).\n\n### Commencement\n\n1. This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.\n\n### Reporting periods\n\n1. The RSE licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.\n\n```html\n

Reporting Form

Reporting Table

Reporting Period

Due Date

First Reporting Period

Reporting Form SRF 550.0 Asset Allocation (SRF 550.0)

Table 1 Strategic Asset Allocation

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

28 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Actual Asset Allocation

40 calendar days after the end of relevant reporting period

Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1)

Table 1 Investments

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

40 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Currency Exposure

Reporting Form SRF 550.2 Derivatives and Counterparties - This form has been removed from this Reporting Standard.

Reporting Form SRF 550.3 Derivative Transactions (SRF 550.3)

Table 1 Derivative Transactions

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4)

Table 1 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Table 2 Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives

As at 31 March, 30 April and 31 May each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after 30 June each year

As at 31 March, 30 April and 31 May 2025

\n```\n\nNotices\n\n1. If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, 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 or PST.\n2. Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n3. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs 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, APRA’s expectation is that if the due date for a particular reporting period falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.\n\n### Form and method of submission\n\n1. 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\n1. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST 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 1. 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 2. 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).\n2. 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\n1. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.\n2. 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 1. obtain from the agent a copy of the completed form with the information provided to APRA; and\n 2. retain the completed copy.\n3. 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 1. the Chief Executive Officer of the RSE licensee; or\n 2. the Chief Financial Officer of the RSE licensee.\n\n### Minor alterations to forms and instructions\n\n1. APRA may make minor variations to:\n \n 1. 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 1. the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n1. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n1. 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\n1. that ended on or before 30 September 2025; and\n2. 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\n1. 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 5 or, if applicable, paragraph 7 or 8 of this Reporting Standard.\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 6 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, 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\nPooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n1. In this Reporting Standard, unless an instrument is not disallowable or a 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.\n2. 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 and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 550.0 Asset Allocation, Reporting Form SRF 550.1 Investments and Currency Exposure, Reporting Form SRF 550.3 Derivative Transactions, Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives, 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\n1. Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It is required for the purposes of the Australian Bureau of Statistics for compilation of the Australian National Accounts and other publications, and may also be used by the Australian Securities and Investments Commission.","sortOrder":4},{"sectionNumber":"Application","sectionType":"division","heading":"Application","content":"### Application\n\n1. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[\\[1\\]](#_ftn1).","sortOrder":5},{"sectionNumber":"Commencement","sectionType":"division","heading":"Commencement","content":"### Commencement\n\n1. This Reporting Standard commences at the start of the day after 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\n1. The RSE licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.\n\n```html\n

Reporting Form

Reporting Table

Reporting Period

Due Date

First Reporting Period

Reporting Form SRF 550.0 Asset Allocation (SRF 550.0)

Table 1 Strategic Asset Allocation

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

28 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Actual Asset Allocation

40 calendar days after the end of relevant reporting period

Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1)

Table 1 Investments

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

40 calendar days after the end of relevant reporting period

The calendar quarter ending on 31 December 2025

Table 2 Currency Exposure

Reporting Form SRF 550.2 Derivatives and Counterparties - This form has been removed from this Reporting Standard.

Reporting Form SRF 550.3 Derivative Transactions (SRF 550.3)

Table 1 Derivative Transactions

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4)

Table 1 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives

Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 30 September 2025

Table 2 Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives

As at 31 March, 30 April and 31 May each year

For the first reporting period: 15 December 2025

For subsequent reporting periods: 40 calendar days after 30 June each year

As at 31 March, 30 April and 31 May 2025

\n```\n\nNotices\n\n1. If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, 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 or PST.\n2. Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.\n3. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs 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, APRA’s expectation is that if the due date for a particular reporting period falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.","sortOrder":7},{"sectionNumber":"Form and method of submission","sectionType":"division","heading":"Form and method of submission","content":"### Form and method of submission\n\n1. The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.","sortOrder":8},{"sectionNumber":"Quality control","sectionType":"division","heading":"Quality control","content":"### Quality control\n\n1. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST 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 1. 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 2. 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).\n2. All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.","sortOrder":9},{"sectionNumber":"Authorisation","sectionType":"division","heading":"Authorisation","content":"### Authorisation\n\n1. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.\n2. 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 1. obtain from the agent a copy of the completed form with the information provided to APRA; and\n 2. retain the completed copy.\n3. 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 1. the Chief Executive Officer of the RSE licensee; or\n 2. the Chief Financial Officer of the RSE licensee.","sortOrder":10},{"sectionNumber":"Minor alterations to forms and instructi","sectionType":"division","heading":"Minor alterations to forms and instructions","content":"### Minor alterations to forms and instructions\n\n1. APRA may make minor variations to:\n \n 1. 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 1. the instructions to a form, to clarify their application to the form,\n\nwithout changing any substantive requirement in the form or instructions.\n\n1. If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.\n\nTransition\n\n1. 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\n1. that ended on or before 30 September 2025; and\n2. 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":11},{"sectionNumber":"Interpretation","sectionType":"division","heading":"Interpretation","content":"### Interpretation\n\n1. 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 5 or, if applicable, paragraph 7 or 8 of this Reporting Standard.\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 6 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, 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\nPooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.\n\n1. In this Reporting Standard, unless an instrument is not disallowable or a 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.\n2. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":12},{"sectionNumber":"Reporting Form SRF 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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":13},{"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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":"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":15},{"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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":16},{"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 or PST 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 of ‘Insurance Only’ or ‘Whole of Life or Endowment’.","sortOrder":17},{"sectionNumber":"Reporting tables","sectionType":"division","heading":"Reporting tables","content":"### Reporting tables\n\nTables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided. \n \nThe Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.","sortOrder":18},{"sectionNumber":"Reporting basis and unit of measurement","sectionType":"division","heading":"Reporting basis and unit of measurement","content":"### Reporting basis and unit of measurement\n\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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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":19},{"sectionNumber":"Definitions","sectionType":"division","heading":"Definitions","content":"### Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).\n\nSpecific instructions","sortOrder":20},{"sectionNumber":"Table 1: 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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":21},{"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":22},{"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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":23},{"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":24},{"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":25},{"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 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 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":26},{"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 or PST 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 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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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 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 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 (e.g. 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":27},{"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 (e.g. 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":30},{"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 and pooled superannuation trust (PST).\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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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, defined benefit RSE or PST. 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. |\n\n# Reporting Form SRF 550.2\n\nReporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2) has been removed from this Reporting Standard.","sortOrder":31},{"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 and pooled superannuation trust (PST).\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 where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n 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, defined benefit RSE or PST. 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. |\n\n# Reporting Form SRF 550.2\n\nReporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2) has been removed from this Reporting Standard.","sortOrder":32},{"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":39},{"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":43},{"sectionNumber":"Reporting Form SRF 550.2","sectionType":"part","heading":"Reporting Form SRF 550.2","content":"# Reporting Form SRF 550.2\n\nReporting Form SRF 550.2 Derivatives and Counterparties (SRF 550.2) has been removed from this Reporting Standard.","sortOrder":44},{"sectionNumber":"Reporting Form SRF 550.3","sectionType":"part","heading":"Reporting Form SRF 550.3","content":"# Reporting Form SRF 550.3\n\n# Derivative Transactions\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.3 Derivative Transactions (SRF 550.3). This form collects information on the derivative transactions of RSEs.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.3 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\nAs the valuation basis for assets and liabilities in the System of National Accounts 2008 (SNA 2008) is market prices, items on SRF 550.3 must be reported as market prices.[\\[9\\]](#_ftn9) Do not net off disposal costs when recording market prices of assets. Where market prices are not available, items on SRF 550.3 may be reported as careful estimates.[\\[10\\]](#_ftn10)\n\nItems on SRF 550.3 are to be reported on a gross basis except where otherwise indicated.\n\nItems on SRF 550.3 are to be reported on a non-look through basis, except in respect of exclusively held internal trusts or wholly owned investment (non-trading) subsidiaries. A look through basis is where information about the underlying investments in an investment vehicle must be reported.\n\nItems on SRF 550.3 are to be reported on an unconsolidated basis except where otherwise indicated. Only assets held in internal trusts or wholly-owned investment (non-trading) subsidiaries are to be consolidated into the appropriate asset class. In national accounting, consolidation refers to the elimination of transactions which occur between two transactors belonging to the same institutional sector or subsector. In a commercial accounting sense, this process is applied to entities where a parent/subsidiary relationship exists.\n\nReport derivatives distinct from the corresponding contract that is being hedged. Do not use hedge accounting on SRF 550.3.\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 to APRA.\n\nNote: for the major currencies, an RSE licensee may use the exchange rates available from the Reserve Bank of Australia (RBA), which is available on the RBA website: http://www.rba.gov.au/statistics/historical-data.html.\n\nAmounts in SRF 550.3 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 550.3 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\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 550.3, which may or may not be invested via an individually managed mandate, including internal trusts.\n\n### Table 1: Derivative Transactions\n\nInstructions\n\nFor reporting of opening and closing positions, “gross” means do not offset contracts:\n\n In an asset position with contracts in a liability position; or\n In different types of derivative instruments (e.g. an option with a swap); or\n In different derivative exposures (e.g. an interest rate contract with a foreign exchange contract); or\n With different counterparties (e.g. a derivative with a financial institution and a derivative with a private trading enterprise).\n\nThe opening and closing positions in each row must be on the same side (i.e. if a positive figure is reported in Column 12, a positive figure or zero must be reported in Column 15).\n\nFor each combination of Derivative Exposure Type, Derivative Type, Counterparty, Derivative Contract Type, report the principal amount only once. Report the principal amount in the same row as the derivative closing position market value.\n\nFor the purposes of ABS reporting (including SRF 550.3), if the contract opens and closes on the same side, report:\n\n A net cash receipt as a negative transaction; and\n A net cash payment as a positive transaction.\n\nIf the RSE licensee is unable to allocate transactions by side (e.g. in the case of a netting agreement that is difficult to unwind for reporting purposes, or derivatives that switch sides during the quarter and there is uncertainty as to the position the derivative is in at the time the settlement is received) report:\n\n A net cash receipt as a negative transaction on the asset (gross positive) side; and\n A net cash payment as a positive transaction on the liability (gross negative) side.\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 Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 4 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 5 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 6 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 7 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 8 | Counterparty Other Description Text | | All filers | Text (400) | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 9 | Derivative Contract Type | Y | All filers | OptionsForwardsFuturesSwapsOther | Report the contract type. |\n| 10 | Derivative Principal Amount | | All filers | Whole dollars | Report the principal amount of the derivatives. |\n| 11 | Gross Position | Y | All filers | Gross Positive PositionGross Negative Position | Report whether the market value of the derivative is a positive position (asset) or a negative position (liability). |\n| 12 | Derivative Opening Position | | All filers | Whole dollars | Report the opening market value of the derivative position. |\n| 13 | Derivative Revaluations Amount | | All filers | Whole dollars | Report the derivatives revaluations during the period. |\n| 14 | Derivative Transactions Amount | | All filers | Whole dollars | Report the derivatives transactions during the period. |\n| 15 | Derivative Closing Position | | All filers | Whole dollars | Report the closing market value of the derivative position. |","sortOrder":45},{"sectionNumber":"Derivative Transactions","sectionType":"part","heading":"Derivative Transactions","content":"# Reporting Form SRF 550.3\n\n# Derivative Transactions\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.3 Derivative Transactions (SRF 550.3). This form collects information on the derivative transactions of RSEs.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.3 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\nAs the valuation basis for assets and liabilities in the System of National Accounts 2008 (SNA 2008) is market prices, items on SRF 550.3 must be reported as market prices.[\\[9\\]](#_ftn9) Do not net off disposal costs when recording market prices of assets. Where market prices are not available, items on SRF 550.3 may be reported as careful estimates.[\\[10\\]](#_ftn10)\n\nItems on SRF 550.3 are to be reported on a gross basis except where otherwise indicated.\n\nItems on SRF 550.3 are to be reported on a non-look through basis, except in respect of exclusively held internal trusts or wholly owned investment (non-trading) subsidiaries. A look through basis is where information about the underlying investments in an investment vehicle must be reported.\n\nItems on SRF 550.3 are to be reported on an unconsolidated basis except where otherwise indicated. Only assets held in internal trusts or wholly-owned investment (non-trading) subsidiaries are to be consolidated into the appropriate asset class. In national accounting, consolidation refers to the elimination of transactions which occur between two transactors belonging to the same institutional sector or subsector. In a commercial accounting sense, this process is applied to entities where a parent/subsidiary relationship exists.\n\nReport derivatives distinct from the corresponding contract that is being hedged. Do not use hedge accounting on SRF 550.3.\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 to APRA.\n\nNote: for the major currencies, an RSE licensee may use the exchange rates available from the Reserve Bank of Australia (RBA), which is available on the RBA website: http://www.rba.gov.au/statistics/historical-data.html.\n\nAmounts in SRF 550.3 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 550.3 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\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 550.3, which may or may not be invested via an individually managed mandate, including internal trusts.\n\n### Table 1: Derivative Transactions\n\nInstructions\n\nFor reporting of opening and closing positions, “gross” means do not offset contracts:\n\n In an asset position with contracts in a liability position; or\n In different types of derivative instruments (e.g. an option with a swap); or\n In different derivative exposures (e.g. an interest rate contract with a foreign exchange contract); or\n With different counterparties (e.g. a derivative with a financial institution and a derivative with a private trading enterprise).\n\nThe opening and closing positions in each row must be on the same side (i.e. if a positive figure is reported in Column 12, a positive figure or zero must be reported in Column 15).\n\nFor each combination of Derivative Exposure Type, Derivative Type, Counterparty, Derivative Contract Type, report the principal amount only once. Report the principal amount in the same row as the derivative closing position market value.\n\nFor the purposes of ABS reporting (including SRF 550.3), if the contract opens and closes on the same side, report:\n\n A net cash receipt as a negative transaction; and\n A net cash payment as a positive transaction.\n\nIf the RSE licensee is unable to allocate transactions by side (e.g. in the case of a netting agreement that is difficult to unwind for reporting purposes, or derivatives that switch sides during the quarter and there is uncertainty as to the position the derivative is in at the time the settlement is received) report:\n\n A net cash receipt as a negative transaction on the asset (gross positive) side; and\n A net cash payment as a positive transaction on the liability (gross negative) side.\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 Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 4 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 5 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 6 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 7 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 8 | Counterparty Other Description Text | | All filers | Text (400) | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 9 | Derivative Contract Type | Y | All filers | OptionsForwardsFuturesSwapsOther | Report the contract type. |\n| 10 | Derivative Principal Amount | | All filers | Whole dollars | Report the principal amount of the derivatives. |\n| 11 | Gross Position | Y | All filers | Gross Positive PositionGross Negative Position | Report whether the market value of the derivative is a positive position (asset) or a negative position (liability). |\n| 12 | Derivative Opening Position | | All filers | Whole dollars | Report the opening market value of the derivative position. |\n| 13 | Derivative Revaluations Amount | | All filers | Whole dollars | Report the derivatives revaluations during the period. |\n| 14 | Derivative Transactions Amount | | All filers | Whole dollars | Report the derivatives transactions during the period. |\n| 15 | Derivative Closing Position | | All filers | Whole dollars | Report the closing market value of the derivative position. |","sortOrder":46},{"sectionNumber":"Table 1: Derivative Transactions","sectionType":"division","heading":"Table 1: Derivative Transactions","content":"### Table 1: Derivative Transactions\n\nInstructions\n\nFor reporting of opening and closing positions, “gross” means do not offset contracts:\n\n In an asset position with contracts in a liability position; or\n In different types of derivative instruments (e.g. an option with a swap); or\n In different derivative exposures (e.g. an interest rate contract with a foreign exchange contract); or\n With different counterparties (e.g. a derivative with a financial institution and a derivative with a private trading enterprise).\n\nThe opening and closing positions in each row must be on the same side (i.e. if a positive figure is reported in Column 12, a positive figure or zero must be reported in Column 15).\n\nFor each combination of Derivative Exposure Type, Derivative Type, Counterparty, Derivative Contract Type, report the principal amount only once. Report the principal amount in the same row as the derivative closing position market value.\n\nFor the purposes of ABS reporting (including SRF 550.3), if the contract opens and closes on the same side, report:\n\n A net cash receipt as a negative transaction; and\n A net cash payment as a positive transaction.\n\nIf the RSE licensee is unable to allocate transactions by side (e.g. in the case of a netting agreement that is difficult to unwind for reporting purposes, or derivatives that switch sides during the quarter and there is uncertainty as to the position the derivative is in at the time the settlement is received) report:\n\n A net cash receipt as a negative transaction on the asset (gross positive) side; and\n A net cash payment as a positive transaction on the liability (gross negative) side.\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 Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 4 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 5 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 6 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 7 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 8 | Counterparty Other Description Text | | All filers | Text (400) | Report the description of the counterparty where Other Financial Institutions or Non Financial Institutions is selected as the type of counterparty. |\n| 9 | Derivative Contract Type | Y | All filers | OptionsForwardsFuturesSwapsOther | Report the contract type. |\n| 10 | Derivative Principal Amount | | All filers | Whole dollars | Report the principal amount of the derivatives. |\n| 11 | Gross Position | Y | All filers | Gross Positive PositionGross Negative Position | Report whether the market value of the derivative is a positive position (asset) or a negative position (liability). |\n| 12 | Derivative Opening Position | | All filers | Whole dollars | Report the opening market value of the derivative position. |\n| 13 | Derivative Revaluations Amount | | All filers | Whole dollars | Report the derivatives revaluations during the period. |\n| 14 | Derivative Transactions Amount | | All filers | Whole dollars | Report the derivatives transactions during the period. |\n| 15 | Derivative Closing Position | | All filers | Whole dollars | Report the closing market value of the derivative position. |","sortOrder":53},{"sectionNumber":"Reporting Form SRF 550.4","sectionType":"part","heading":"Reporting Form SRF 550.4","content":"# Reporting Form SRF 550.4\n\n# Margining and Risk Mitigation for Non-Centrally Cleared Derivatives\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4). This form collects information on margining practices in relation to non-centrally cleared derivative of RSEs. In completing this form RSE licensees should refer to Prudential Standard CPS 226 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (CPS 226).\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.4 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 550.4 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nAmounts in SRF 550.4 are to be reported as whole dollars.\n\nItems on SRF 550.4 must be reported as at the end of the reporting period.\n\nAmounts denominated in foreign currency must be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nItems on SRF 550.4 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 550.4, which may or may not be invested via an individually managed mandate.\n\n# Table 1: Margining and Risk Mitigation for Non-Centrally Cleared Derivatives\n\nInstructions\n\nFor each counterparty, report the variation and initial margins and collateral posted and received for non-centrally cleared derivative transactions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Counterparty Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 2 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 3 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 4 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 5 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 6 | Country Of Counterparty | | All filers | Applicable country name | Report the counterparty country. If the counterparty is an Australian Resident, report the country as Australia. |\n| 7 | CPS 226 Compliant Variation Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant Credit Support Annex (CSA) for Variation Margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 8 | Exchanged Variation Margin | Y | All filers | YesNoNot Applicable | Report whether variation margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 9 | Variation Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 10 | Variation Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 11 | CPS 226 Compliant Initial Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant CSA for initial margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 12 | Exchanged Initial Margin | Y | All filers | YesNoNot Applicable | Report whether initial margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 13 | Initial Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 14 | Initial Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 15 | Collateral Type Per CPS 226 | Y | All filers | Cash CollateralGovernment Debt SecuritiesOther Debt SecuritiesGold BullionEquitiesOtherNot Applicable | Report the collateral type collected or posted in the form of variation margin or initial margin.Report ‘Not Applicable’ if either variation margin or initial margin has not been exchanged. |\n| 16 | Exemptions From Margin Requirements | Y | All filers | Jurisdictions Not Permitting Required Safe-Keeping Of Initial MarginDoubtful Netting Agreement EnforceabilityQuestionable Collateral Arrangement EnforceabilityBelow Qualifying LevelNot Applicable | Where margin is not exchanged for new transactions after 1 September 2022 report the reason for exemption from margin requirements.Report ‘Not Applicable’ if either variation margin or initial margin has been exchanged. |\n\n# Table 2: Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives\n\nInstructions\n\nReport the total notional amount of outstanding non-centrally cleared derivative transactions for the margining group as at 31 March, 30 April and 31 May of the reporting year. The total notional amount is the aggregate of all outstanding non-centrally cleared derivative transactions across all entities within the margining group. Refer to CPS 226 for the definition of margining group. The calculation of the notional amounts must include physically settled foreign exchange forwards and swaps. Intra-group transactions (transactions between two counterparties within the same margining group) are excluded from the calculation unless otherwise required by APRA.\n\nReport the values in this table in whole Australian dollars.\n\n| Column 1 | Report the value for each item listed below. |\n| -------- | -------------------------------------------- |\n\n| Item 1 | Report Notional Amount March. |\n| ------ | ----------------------------- |\n| Item 2 | Report Notional Amount April. |\n| Item 3 | Report Notional Amount May. |","sortOrder":54},{"sectionNumber":"Margining and Risk Mitigation for Non-Ce","sectionType":"part","heading":"Margining and Risk Mitigation for Non-Centrally Cleared Derivatives","content":"# Reporting Form SRF 550.4\n\n# Margining and Risk Mitigation for Non-Centrally Cleared Derivatives\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 550.4 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (SRF 550.4). This form collects information on margining practices in relation to non-centrally cleared derivative of RSEs. In completing this form RSE licensees should refer to Prudential Standard CPS 226 Margining and Risk Mitigation for Non-Centrally Cleared Derivatives (CPS 226).\n\n## General directions and notes\n\n### Reporting level\n\nSRF 550.4 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 550.4 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nAmounts in SRF 550.4 are to be reported as whole dollars.\n\nItems on SRF 550.4 must be reported as at the end of the reporting period.\n\nAmounts denominated in foreign currency must be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\nItems on SRF 550.4 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 550.4, which may or may not be invested via an individually managed mandate.\n\n# Table 1: Margining and Risk Mitigation for Non-Centrally Cleared Derivatives\n\nInstructions\n\nFor each counterparty, report the variation and initial margins and collateral posted and received for non-centrally cleared derivative transactions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Counterparty Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 2 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 3 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 4 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 5 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 6 | Country Of Counterparty | | All filers | Applicable country name | Report the counterparty country. If the counterparty is an Australian Resident, report the country as Australia. |\n| 7 | CPS 226 Compliant Variation Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant Credit Support Annex (CSA) for Variation Margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 8 | Exchanged Variation Margin | Y | All filers | YesNoNot Applicable | Report whether variation margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 9 | Variation Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 10 | Variation Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 11 | CPS 226 Compliant Initial Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant CSA for initial margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 12 | Exchanged Initial Margin | Y | All filers | YesNoNot Applicable | Report whether initial margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 13 | Initial Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 14 | Initial Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 15 | Collateral Type Per CPS 226 | Y | All filers | Cash CollateralGovernment Debt SecuritiesOther Debt SecuritiesGold BullionEquitiesOtherNot Applicable | Report the collateral type collected or posted in the form of variation margin or initial margin.Report ‘Not Applicable’ if either variation margin or initial margin has not been exchanged. |\n| 16 | Exemptions From Margin Requirements | Y | All filers | Jurisdictions Not Permitting Required Safe-Keeping Of Initial MarginDoubtful Netting Agreement EnforceabilityQuestionable Collateral Arrangement EnforceabilityBelow Qualifying LevelNot Applicable | Where margin is not exchanged for new transactions after 1 September 2022 report the reason for exemption from margin requirements.Report ‘Not Applicable’ if either variation margin or initial margin has been exchanged. |\n\n# Table 2: Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives\n\nInstructions\n\nReport the total notional amount of outstanding non-centrally cleared derivative transactions for the margining group as at 31 March, 30 April and 31 May of the reporting year. The total notional amount is the aggregate of all outstanding non-centrally cleared derivative transactions across all entities within the margining group. Refer to CPS 226 for the definition of margining group. The calculation of the notional amounts must include physically settled foreign exchange forwards and swaps. Intra-group transactions (transactions between two counterparties within the same margining group) are excluded from the calculation unless otherwise required by APRA.\n\nReport the values in this table in whole Australian dollars.\n\n| Column 1 | Report the value for each item listed below. |\n| -------- | -------------------------------------------- |\n\n| Item 1 | Report Notional Amount March. |\n| ------ | ----------------------------- |\n| Item 2 | Report Notional Amount April. |\n| Item 3 | Report Notional Amount May. |","sortOrder":55},{"sectionNumber":"Table 1: Margining and Risk Mitigation f","sectionType":"part","heading":"Table 1: Margining and Risk Mitigation for Non-Centrally Cleared Derivatives","content":"# Table 1: Margining and Risk Mitigation for Non-Centrally Cleared Derivatives\n\nInstructions\n\nFor each counterparty, report the variation and initial margins and collateral posted and received for non-centrally cleared derivative transactions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Counterparty Identifier | Y | All filers | Text (100) | Report the counterparty identifier. |\n| 2 | Counterparty Name Text | | All filers | Text (100) | Report the name of the counterparty to the transaction. |\n| 3 | Counterparty Rating Grade Type | | All filers | Grade 1Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7Not Applicable | Report the counterparty rating grade. |\n| 4 | Counterparty Residency Indicator | | All filers | Australian ResidentNon Resident | Report the counterparty residency status. |\n| 5 | Counterparty Type | | All filers | Banking InstitutionsReserve Bank Of Australia (RBA)Other Financial InstitutionsNon Financial Institutions | Report the type of counterparty. |\n| 6 | Country Of Counterparty | | All filers | Applicable country name | Report the counterparty country. If the counterparty is an Australian Resident, report the country as Australia. |\n| 7 | CPS 226 Compliant Variation Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant Credit Support Annex (CSA) for Variation Margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 8 | Exchanged Variation Margin | Y | All filers | YesNoNot Applicable | Report whether variation margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of initial margin. |\n| 9 | Variation Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 10 | Variation Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of variation margin in relation to non-centrally cleared derivatives. |\n| 11 | CPS 226 Compliant Initial Margin | Y | All filers | YesNoNot Applicable | Report whether the counterparty is a covered counterparty with CPS 226 compliant CSA for initial margin.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 12 | Exchanged Initial Margin | Y | All filers | YesNoNot Applicable | Report whether initial margin has been exchanged with the covered counterparty reported in column 2 as at the reporting date.Report ‘Not Applicable’ if the item being reported refers to the exchange of variation margin. |\n| 13 | Initial Margin Collected | | All filers | Whole dollars | Report the value of all collateral received in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 14 | Initial Margin Posted | | All filers | Whole dollars | Report the value of all collateral posted in the form of initial margin in relation to non-centrally cleared derivatives. |\n| 15 | Collateral Type Per CPS 226 | Y | All filers | Cash CollateralGovernment Debt SecuritiesOther Debt SecuritiesGold BullionEquitiesOtherNot Applicable | Report the collateral type collected or posted in the form of variation margin or initial margin.Report ‘Not Applicable’ if either variation margin or initial margin has not been exchanged. |\n| 16 | Exemptions From Margin Requirements | Y | All filers | Jurisdictions Not Permitting Required Safe-Keeping Of Initial MarginDoubtful Netting Agreement EnforceabilityQuestionable Collateral Arrangement EnforceabilityBelow Qualifying LevelNot Applicable | Where margin is not exchanged for new transactions after 1 September 2022 report the reason for exemption from margin requirements.Report ‘Not Applicable’ if either variation margin or initial margin has been exchanged. |","sortOrder":62},{"sectionNumber":"Table 2: Aggregate Month-End Average Not","sectionType":"part","heading":"Table 2: Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives","content":"# Table 2: Aggregate Month-End Average Notional Amount Of Non-Centrally Cleared Derivatives\n\nInstructions\n\nReport the total notional amount of outstanding non-centrally cleared derivative transactions for the margining group as at 31 March, 30 April and 31 May of the reporting year. The total notional amount is the aggregate of all outstanding non-centrally cleared derivative transactions across all entities within the margining group. Refer to CPS 226 for the definition of margining group. The calculation of the notional amounts must include physically settled foreign exchange forwards and swaps. Intra-group transactions (transactions between two counterparties within the same margining group) are excluded from the calculation unless otherwise required by APRA.\n\nReport the values in this table in whole Australian dollars.\n\n| Column 1 | Report the value for each item listed below. |\n| -------- | -------------------------------------------- |\n\n| Item 1 | Report Notional Amount March. |\n| ------ | ----------------------------- |\n| Item 2 | Report Notional Amount April. |\n| Item 3 | Report Notional Amount May. |","sortOrder":63},{"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

Asset class sector type

Asset class characteristic 1

Asset class characteristic 2

Asset class characteristic 3

Cash

Not Applicable

Cash At Bank

Cash Term Deposit

Cash Short Term Bank Bills Or Securities

Cash Management Trust

Cash Foreign Exchange Derivative Contracts

Cash Offset Derivatives

Not Applicable

Not Available

Not Applicable

Fixed Income

Fixed Income Investment Grade

Fixed Income Non Investment Grade

Fixed Income Development

Fixed Income Established

Not Applicable

Not Available

Fixed Income Bonds Government Coupon

Fixed Income Bonds Government Inflation-linked

Fixed Income Bonds Government Other

Fixed Income Bonds Corporate

Fixed Income Asset Backed Commercial Mortgage

Fixed Income Asset Backed Residential Mortgage

Fixed Income Asset Backed Other

Fixed Income Structured Non-Asset Backed

Fixed Income Mezzanine Debt

Fixed Income Private Debt

Fixed Income Enhanced Cash

Fixed Income Other

Fixed Income Term Deposit

Fixed Income Bank Bills Or Securities

Not Applicable

Not Available

Fixed Income Short Term

Fixed Income Long Term

Not Applicable

Not Available

Equity

Equity Listed Large Cap

Equity Listed Mid Cap

Equity Listed Small Cap

Equity Listed Micro Cap

Not Applicable

Not Available

Equity Listed Active

Equity Listed Passive

Not Applicable

Not Available

Not Applicable

Equity Unlisted Development Or Early Stage

Equity Unlisted Established Or Late Stage

Not Applicable

Not Available

Equity Unlisted Leveraged Buyout

Equity Unlisted Growth Equity

Equity Unlisted Venture Capital

Equity Unlisted Special Situations

Equity Unlisted Other

Not Applicable

Not Available

Not Applicable

Property

Property Development

Property Established

Not Applicable

Not Available

Property Commercial

Property Industrial

Property Retail

Property Residential

Property Agricultural

Property Other

Property Diversified

Not Applicable

Not Available

Not Applicable

Infrastructure

Infrastructure Development

Infrastructure Established

Not Applicable

Not Available

Infrastructure Utilities

Infrastructure Airports

Infrastructure Toll Roads

Infrastructure Ports

Infrastructure Railways

Infrastructure Social Availability

Infrastructure Energy Assets

Infrastructure Communications

Infrastructure Other

Infrastructure Diversified

Not Applicable

Not Available

Infrastructure Government

Infrastructure Non Government

Infrastructure Public Private Partnership

Not Applicable

Not Available

Alternatives

Not Applicable

Alternatives Activist

Alternatives Convertible Bond Arbitrage

Alternatives Credit Distressed

Alternatives Long Short Credit

Alternatives Long Short Equity

Alternatives Equity Market Neutral

Alternatives Event Driven

Alternatives Fixed Income Arbitrage

Alternatives Global Macro

Alternatives Managed Futures Or Commodity Trading Advisor

Alternatives Risk Arbitrage

Alternatives Volatility Arbitrage

Alternatives Multi Strategy

Alternatives Insurance Linked Securities

Alternatives Real Return Multi Asset Strategies

Alternatives Commodities

Alternatives Other

Not Applicable

Not Available

Not Applicable

Currency Exposure

Not Applicable

Not Applicable

Not Applicable

\n```","sortOrder":64}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":true,"description":"Compared with a straightforward asset‑allocation data collection, this replacement reporting standard broadens and deepens APRA's data collection scope. The instrument keeps the core asset allocation tables but (a) incorporates explicit, separate reporting for derivative transactions (SRF 550.3) and margining/risk mitigation for non‑centrally cleared derivatives (SRF 550.4), (b) tightens look‑through and synthetic exposure rules across tables, and (c) prescribes specific auditor assurance and data‑quality attestations. The combination of granular look‑through, derivative and margining fields and mandatory limited assurance testing represents a meaningful expansion of the granularity and type of data APRA will collect compared with the prior standard it revokes (the previous determination is revoked and replaced)."},"complexity_factors":["Lengthy, repetitious instrument with multiple embedded reporting forms and instruction guides (document runs many pages).","Number of reporting forms: 4 discrete forms (SRF 550.0 Asset Allocation; SRF 550.1 Investments and Currency Exposure; SRF 550.3 Derivative Transactions; SRF 550.4 Margining and Risk Mitigation).","SRF 550.0 Table counts and fields: Table 1 (Strategic asset allocation) ~13 columns/fields; Table 2 (Actual asset allocation) ~17 columns/fields with look‑through, synthetic exposure and duration rules.","SRF 550.1 contains 2 tables (Investments table ≈15 fields; Currency exposure table 2 fields).","SRF 550.3 Derivative Transactions Table 1 has 15 columns with gross/side and principal/market‑value reporting rules.","SRF 550.4 Margining table has 16 columns plus a separate Table 2 requiring three month‑end aggregated notional amounts — additional operational reporting.","Extensive conditional logic: APRA‑look through vs non‑look through bases, directly held vs indirectly held; different hedging and currency reporting depending on whether targets are set at asset class or option level.","Numerous cross‑references to external instruments and standards (SRS 101.0 definitions, SIS Act, CPS 226, SPS 310, AASB 121, SNA 2008, auditing standards) which import external definitions and obligations.","Multiple exceptions, 'Not Applicable' / 'Not Specified' / 'Not Available' categories and revision obligations (nested conditional reporting with revision rules).","APRA discretions and entity‑specific notices (ability to change reporting frequency, grant extensions, and make minor form variations) increase operational variability."],"plain_english_summary":"**What this instrument does (mechanically)\n\n- Revokes the prior SRS 550.0 reporting standard and replaces it with a new Reporting Standard SRS 550.0 — \"Asset Allocation\". The new standard and its associated reporting forms are set out in the Schedule and come into effect the day after registration (Determination and Commencement). \n\n- Makes detailed mandatory data-collection rules for registrable superannuation entities (RSEs), defined‑benefit RSEs and pooled superannuation trusts (PSTs). The standard prescribes: which forms to submit, the data fields to supply, reporting frequency and due dates, how to submit electronically, auditor review requirements, and authorisation requirements for submissions (Reporting forms SRF 550.0, SRF 550.1, SRF 550.3, SRF 550.4; Form and method of submission; Quality control; Authorisation; Transition).\n\n- Adds or preserves specific derivative and margining reporting requirements (SRF 550.3 Derivative Transactions; SRF 550.4 Margining and Risk Mitigation for Non‑Centrally Cleared Derivatives), and removes an earlier SRF 550.2 form (noted as removed).\n\n- Gives APRA discretion to change reporting periods or require more/less frequent reporting for particular entities, to grant extensions, and to make minor technical changes to forms without changing substantive reporting requirements (Notices; Minor alterations).\n\n**Who it affects\n\n- Directly affected: RSE licensees in respect of each RSE, defined‑benefit RSE and PST they operate. The instrument applies to those financial sector entities described in the Act (Application; Interpretation).\n\n- Indirectly affected: auditors of RSEs (new/explicit assurance tasks), external managers and custodians (because of look‑through and data requests), counterparties to non‑centrally cleared derivatives (collateral and margining data may be requested), and analytics users such as ABS and ASIC (they are identified as permitted users) (Purpose; Quality control).\n\n**Why it matters — official purpose and then practical effects\n\n- Official purpose (as stated): APRA will use the information for prudential supervision and publication. The standard also supplies data to the Australian Bureau of Statistics (ABS) for the national accounts and may be used by ASIC (Purpose).\n\n- Practical effects and the trade‑offs to watch for:\n - Increased data granularity: The standard requires highly disaggregated data (strategic versus actual asset allocation, look‑through to underlying investments, synthetic exposure, currency hedging, modified duration for fixed income, and detailed derivative and margining fields). This gives APRA and ABS richer, more timely data (Reporting Form SRF 550.0; SRF 550.1; SRF 550.3; SRF 550.4; Appendix A). \n - Compliance and implementation cost: Preparing, validating and auditing the new fields — especially look‑through allocations for non‑connected vehicles, currency hedging at different levels, and derivative/margin reporting — will require system changes, more frequent data collection from external managers and custodians, and additional auditor testing (Quality control; APRA‑look through basis; Synthetic exposure). Those costs are borne by RSE licensees (who will need staff, IT and auditor time). \n - Audit burden and assurance standard: The RSE auditor must review and test reporting systems and controls at least annually and at a minimum provide a limited assurance engagement consistent with Auditing and Assurance Standards Board guidance (Quality control). That creates measurable auditor cost and may lengthen timelines for issuing internal opinions. \n - Behavioural incentives: Because the standard requires look‑through reporting and specific classification choices (domicile, listing, international economy type, market cap classification), entities may change how they label or organise investment vehicles, or press for more detailed disclosure from third‑party managers, purely to avoid repeated \"not available\" answers or to reduce reporting complexity (SRF instructions, APRA‑look through basis). There is a modest risk that smaller pools or externally‑managed, non‑connected investments will be relatively more expensive to report, which could favour larger vertically integrated funds.\n - Data quality and implementation risk: The standard relies on consistent exchange‑rate choices across returns, look‑through information from non‑connected entities and accurate allocation of derivative exposures to asset classes. Where data isn't available, filers may report \"not available\" or \"best available\" and later submit revisions, which can mean more rework and reconciliation risk (Reporting basis and unit of measurement; APRA‑look through basis; Revision obligations). \n - APRA discretion and operational variability: APRA can vary reporting frequency and grant extensions per entity (Notices). That reduces one‑size‑fits‑all risk but increases administrative uncertainty for filers.\n\n**Who pays, who decides, and what behaviour changes (plain sentences)\n\n- Who pays: RSE licensees pay the compliance costs (system build, data collection, internal controls, auditor time) required to produce the detailed returns (Quality control; Reporting forms).\n- Who decides: APRA sets the fields, timing and method (this instrument) and retains discretion to vary reporting on a per‑entity basis (Notices; Form and method of submission).\n- What changes: RSE licensees will need to collect and maintain more granular look‑through data, classify assets against APRA's hierarchy (Appendix A), implement digital submission and digital‑certificate signing, and provide auditor assurance. They may seek contractual changes with external managers or custodians to get necessary underlying data.\n\n**Implementation and compliance risks to monitor\n\n- Availability of look‑through data from non‑connected external managers and funds; increased need for contractual data pipelines.\n- Consistency of exchange‑rate application across returns (the standard requires the same rates across returns for reconciliation).\n- Timeliness: new or early reporting periods (first reporting dates vary across forms) and staggered first‑period due dates could create operational bottlenecks (Reporting periods; First Reporting Periods).\n- Auditor capacity for the required limited assurance procedures (Quality control).\n\n**Sections to read first for a filer**\n- \"Reporting periods\" (due dates and first reporting periods) — to calendar workstreams.\n- \"Reporting Form SRF 550.0\" and its Instruction Guide — for asset allocation tables and look‑through rules.\n- \"Quality control\" and \"Authorisation\" — for auditor involvement and who must sign submissions.\n- \"SRF 550.3\" and \"SRF 550.4\" instructions — if the fund uses derivatives or has non‑centrally cleared derivative exposures.\n\n(References in parentheses are to the named sections and reporting form titles within the instrument: Purpose; Application; Reporting periods; Form and method of submission; Quality control; Authorisation; Reporting Form SRF 550.0, SRF 550.1, SRF 550.3, SRF 550.4; Appendix A.)"},"kimi_summary":{"_metrics":{"completionTokens":807},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"This is a straightforward replacement of an existing reporting standard with no material expansion of scope. It updates reporting requirements for asset allocation data but does not extend to new entity types or introduce new categories of information beyond what was already required under the revoked standard."},"complexity_factors":["Multiple nested reporting forms (SRF 550.0, 550.1, 550.3, 550.4) with different due dates and first reporting periods","Extensive cross-referencing to other standards (SRS 101.0 for definitions, SRF 605.0 for investment option identifiers, SPS 310 for audit standards)","Complex \"APRA-look through basis\" concept requiring funds to trace underlying assets through multiple layers of investment vehicles","Detailed primary key structures across multiple tables (up to 9 fields forming composite keys in some tables)","Conditional logic for reporting based on investment type (direct vs indirect), domicile, and whether entities are \"connected\" or \"non-connected\"","Numerous defined terms with specific meanings (RSE, PST, defined benefit RSE, investment option, etc.)","Sophisticated derivative reporting requirements including synthetic exposure calculations, currency hedging ratios, and modified duration adjustments","Multiple exceptions and special cases (e.g., SRF 550.2 has been removed, certain investment options are excluded from reporting)","Transitional provisions creating parallel reporting obligations under old and new standards"],"plain_english_summary":"APRA’s updated reporting standard requires all APRA-regulated superannuation entities to quarterly report detailed asset allocation and exposures — including geographic, listed/unlisted, underlying “look‑through” holdings, derivatives and collateral — via digitally signed submissions with external audit checks. \n\nThe data lets APRA (and ASIC/national statisticians) verify funds’ investment positions, supervise risks and market conduct, and improve transparency of where members’ retirement savings are invested."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-5-of-2025/documents"}}