{"id":"F2025L00545","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2025","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":106321,"registerId":"commonwealth-F2025L00545-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard SRS 551.0","sectionType":"part","heading":"Reporting Standard SRS 551.0","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 6 of 2025\n\nReporting Standard SRS 551.0 Liquidity\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), determine Reporting Standard SRS 551.0 Liquidity, 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 551.0 Liquidity shall begin to apply to those financial sector entities 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 551.0 Liquidity comprises the document commencing on the following page. \n\n![Commonwealth Coat of Arms of Australia](image.002.png)\n\n# Reporting Standard SRS 551.0\n\n# Liquidity\n\n## Objective of this reporting standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to the liquidity supply, liquidity demand, liquidity trigger metrics and other indicators of registrable superannuation entities (RSE), defined benefit RSEs and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 551.0 Liquidity Supply, Reporting Form SRF 551.1 Liquidity Demand, Reporting Form SRF 551.2 Liquidity Event and Other Indicators, Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition, associated specific instructions, Appendix A: Summary of reporting levels and scope and Appendix B: Cash and Fixed Income Characteristics 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 may 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 551.0 Liquidity Supply (SRF 551.0)

Table 1 RSE Liquidity Profile

Table 2 Investment Option Liquidity Profile

Table 3 RSE Available Liquid Assets Within 3 Days

Table 4 Investment Option Available Liquid Assets Within 3 Days

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1)

Table 1 RSE Member Cash Flows

Table 2 RSE Investment Calls On Liquidity

Table 3 Investment Option Member Cash Flows

Table 4 Investment Option Investment Calls On Liquidity

Table 5 Foreign Currency Contracts Outstanding

Table 6 Investment Options with Significant Net Member Flows

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.2 Liquidity Event And Other Indicators (SRF 551.2)

Table 1 Liquidity Event Trigger Metrics Or Indicators

Each year ending on 30 June

For the first reporting period: 15 December 2025

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

The year ending on 30 June 2025

Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3)

Table 1 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition

As requested by APRA

Within 7 calendar days of, or such other time specified in, APRA’s written request.

As requested by APRA from 31 December 2025

\n```\n\n### Ad-hoc information required\n\n1. If the RSE licensee identifies that any of Level 1 Early Warning Exceeded, Level 2 Early Warning Exceeded or Level 3 Limit Exceeded liquidity trigger metric or indicator has been exceeded, the RSE licensee must provide updated information in SRF 551.2 required by this Reporting Standard within 28 calendar days from the date the liquidity event trigger metric or indicator was first identified as having been exceeded.\n\n### Reporting under SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Conditions\n\n1. APRA may, by notice in writing, request that the RSE licensee report the information required by SRF 551.3 in relation to the reporting period set out in the written request within 7 calendar days (or such other time specified in the written request).\n\n### Quarterly attestation required\n\n1. An RSE licensee must provide APRA an attestation that the RSE licensee has, or will be, providing updated information to APRA in accordance with paragraph 6.\n2. An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 8, within 28 days after the end of each calendar quarter.\n\n### Notices\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 10, 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\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, 6, 7 11 or, if applicable, paragraph 12 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, 6 7 or, if applicable, paragraph 10 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 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":"Liquidity","sectionType":"part","heading":"Liquidity","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 6 of 2025\n\nReporting Standard SRS 551.0 Liquidity\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), determine Reporting Standard SRS 551.0 Liquidity, 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 551.0 Liquidity shall begin to apply to those financial sector entities 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 551.0 Liquidity comprises the document commencing on the following page. \n\n![Commonwealth Coat of Arms of Australia](image.002.png)\n\n# Reporting Standard SRS 551.0\n\n# Liquidity\n\n## Objective of this reporting standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to the liquidity supply, liquidity demand, liquidity trigger metrics and other indicators of registrable superannuation entities (RSE), defined benefit RSEs and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 551.0 Liquidity Supply, Reporting Form SRF 551.1 Liquidity Demand, Reporting Form SRF 551.2 Liquidity Event and Other Indicators, Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition, associated specific instructions, Appendix A: Summary of reporting levels and scope and Appendix B: Cash and Fixed Income Characteristics 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 may 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 551.0 Liquidity Supply (SRF 551.0)

Table 1 RSE Liquidity Profile

Table 2 Investment Option Liquidity Profile

Table 3 RSE Available Liquid Assets Within 3 Days

Table 4 Investment Option Available Liquid Assets Within 3 Days

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1)

Table 1 RSE Member Cash Flows

Table 2 RSE Investment Calls On Liquidity

Table 3 Investment Option Member Cash Flows

Table 4 Investment Option Investment Calls On Liquidity

Table 5 Foreign Currency Contracts Outstanding

Table 6 Investment Options with Significant Net Member Flows

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.2 Liquidity Event And Other Indicators (SRF 551.2)

Table 1 Liquidity Event Trigger Metrics Or Indicators

Each year ending on 30 June

For the first reporting period: 15 December 2025

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

The year ending on 30 June 2025

Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3)

Table 1 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition

As requested by APRA

Within 7 calendar days of, or such other time specified in, APRA’s written request.

As requested by APRA from 31 December 2025

\n```\n\n### Ad-hoc information required\n\n1. If the RSE licensee identifies that any of Level 1 Early Warning Exceeded, Level 2 Early Warning Exceeded or Level 3 Limit Exceeded liquidity trigger metric or indicator has been exceeded, the RSE licensee must provide updated information in SRF 551.2 required by this Reporting Standard within 28 calendar days from the date the liquidity event trigger metric or indicator was first identified as having been exceeded.\n\n### Reporting under SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Conditions\n\n1. APRA may, by notice in writing, request that the RSE licensee report the information required by SRF 551.3 in relation to the reporting period set out in the written request within 7 calendar days (or such other time specified in the written request).\n\n### Quarterly attestation required\n\n1. An RSE licensee must provide APRA an attestation that the RSE licensee has, or will be, providing updated information to APRA in accordance with paragraph 6.\n2. An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 8, within 28 days after the end of each calendar quarter.\n\n### Notices\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 10, 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\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, 6, 7 11 or, if applicable, paragraph 12 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, 6 7 or, if applicable, paragraph 10 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 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 liquidity supply, liquidity demand, liquidity trigger metrics and other indicators of registrable superannuation entities (RSE), defined benefit RSEs and pooled superannuation trusts.\n\nIt includes Reporting Form SRF 551.0 Liquidity Supply, Reporting Form SRF 551.1 Liquidity Demand, Reporting Form SRF 551.2 Liquidity Event and Other Indicators, Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition, associated specific instructions, Appendix A: Summary of reporting levels and scope and Appendix B: Cash and Fixed Income Characteristics 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 may 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 551.0 Liquidity Supply (SRF 551.0)

Table 1 RSE Liquidity Profile

Table 2 Investment Option Liquidity Profile

Table 3 RSE Available Liquid Assets Within 3 Days

Table 4 Investment Option Available Liquid Assets Within 3 Days

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1)

Table 1 RSE Member Cash Flows

Table 2 RSE Investment Calls On Liquidity

Table 3 Investment Option Member Cash Flows

Table 4 Investment Option Investment Calls On Liquidity

Table 5 Foreign Currency Contracts Outstanding

Table 6 Investment Options with Significant Net Member Flows

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

40 calendar days after the end of the relevant reporting period

The calendar quarter ending on 31 December 2025

Reporting Form SRF 551.2 Liquidity Event And Other Indicators (SRF 551.2)

Table 1 Liquidity Event Trigger Metrics Or Indicators

Each year ending on 30 June

For the first reporting period: 15 December 2025

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

The year ending on 30 June 2025

Reporting Form SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3)

Table 1 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition

As requested by APRA

Within 7 calendar days of, or such other time specified in, APRA’s written request.

As requested by APRA from 31 December 2025

\n```","sortOrder":7},{"sectionNumber":"Ad-hoc information required","sectionType":"division","heading":"Ad-hoc information required","content":"### Ad-hoc information required\n\n1. If the RSE licensee identifies that any of Level 1 Early Warning Exceeded, Level 2 Early Warning Exceeded or Level 3 Limit Exceeded liquidity trigger metric or indicator has been exceeded, the RSE licensee must provide updated information in SRF 551.2 required by this Reporting Standard within 28 calendar days from the date the liquidity event trigger metric or indicator was first identified as having been exceeded.","sortOrder":8},{"sectionNumber":"Reporting under SRF 551.3 Estimated Orde","sectionType":"division","heading":"Reporting under SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Conditions","content":"### Reporting under SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Conditions\n\n1. APRA may, by notice in writing, request that the RSE licensee report the information required by SRF 551.3 in relation to the reporting period set out in the written request within 7 calendar days (or such other time specified in the written request).","sortOrder":9},{"sectionNumber":"Quarterly attestation required","sectionType":"division","heading":"Quarterly attestation required","content":"### Quarterly attestation required\n\n1. An RSE licensee must provide APRA an attestation that the RSE licensee has, or will be, providing updated information to APRA in accordance with paragraph 6.\n2. An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 8, within 28 days after the end of each calendar quarter.","sortOrder":10},{"sectionNumber":"Notices","sectionType":"division","heading":"Notices","content":"### Notices\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 10, 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":11},{"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":12},{"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":13},{"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":14},{"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.","sortOrder":15},{"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, 6, 7 11 or, if applicable, paragraph 12 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, 6 7 or, if applicable, paragraph 10 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 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":16},{"sectionNumber":"Reporting Form SRF 551.0","sectionType":"part","heading":"Reporting Form SRF 551.0","content":"# Reporting Form SRF 551.0\n\n# Liquidity Supply\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.0 Liquidity Supply (SRF 551.0). This form collects information on the liquidity supply of RSEs and investment options within RSEs.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.0 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 551.0 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.0 are to be reported as whole dollars.\n\nItems on SRF 551.0 must be reported as at the end of the reporting period.\n\nTables 1, 2, 3 and 4 are to be reported for internally managed investment option only.\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: RSE Liquidity Profile\n\nReport columns 1 to 4 as at the end of the reporting period.\n\nInstructions\n\nReport the value of the investment that can be redeemed for cash in Column 2, for each of the time periods in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the value of investments that can be redeemed for cash in column 3, for each of the time periods in column 1, based on the relevant worst case liquidity stress scenario of the RSE licensee’s liquidity stress testing.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------------------- | ----------------- | ------------- | -------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days4 To 7 Days8 To 30 Days31 To 90 DaysGreater than 90 Days | Report the time period that the investment can be redeemed to cash given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the RSE’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the RSE’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 2 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). The investment value to be reported under each time periods are to be mutually exclusive such that the sum of all reported values would be equivalent to the total investment value of the RSE. |\n| 3 | Redeemable Investment Value Amount (Stressed) | | All filers | Whole dollars | Report the value after stressed returns but before cashflows. This should reflect the RSE licensee’s liquidity assumptions about the liquidity profile of investments under its worst case liquidity stress test scenario. |\n| 4 | Liquidity Stress Test Date | | All filers | Date DD/MM/YYYY | Report the date of board (or board delegate) approval of the liquidity stress test. |","sortOrder":17},{"sectionNumber":"Liquidity Supply","sectionType":"part","heading":"Liquidity Supply","content":"# Reporting Form SRF 551.0\n\n# Liquidity Supply\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.0 Liquidity Supply (SRF 551.0). This form collects information on the liquidity supply of RSEs and investment options within RSEs.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.0 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 551.0 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.0 are to be reported as whole dollars.\n\nItems on SRF 551.0 must be reported as at the end of the reporting period.\n\nTables 1, 2, 3 and 4 are to be reported for internally managed investment option only.\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: RSE Liquidity Profile\n\nReport columns 1 to 4 as at the end of the reporting period.\n\nInstructions\n\nReport the value of the investment that can be redeemed for cash in Column 2, for each of the time periods in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the value of investments that can be redeemed for cash in column 3, for each of the time periods in column 1, based on the relevant worst case liquidity stress scenario of the RSE licensee’s liquidity stress testing.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------------------- | ----------------- | ------------- | -------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days4 To 7 Days8 To 30 Days31 To 90 DaysGreater than 90 Days | Report the time period that the investment can be redeemed to cash given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the RSE’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the RSE’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 2 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). The investment value to be reported under each time periods are to be mutually exclusive such that the sum of all reported values would be equivalent to the total investment value of the RSE. |\n| 3 | Redeemable Investment Value Amount (Stressed) | | All filers | Whole dollars | Report the value after stressed returns but before cashflows. This should reflect the RSE licensee’s liquidity assumptions about the liquidity profile of investments under its worst case liquidity stress test scenario. |\n| 4 | Liquidity Stress Test Date | | All filers | Date DD/MM/YYYY | Report the date of board (or board delegate) approval of the liquidity stress test. |","sortOrder":18},{"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 551.0 Liquidity Supply (SRF 551.0). This form collects information on the liquidity supply of RSEs and investment options within RSEs.","sortOrder":19},{"sectionNumber":"General directions and notes","sectionType":"part","heading":"General directions and notes","content":"# Reporting Form SRF 551.0\n\n# Liquidity Supply\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.0 Liquidity Supply (SRF 551.0). This form collects information on the liquidity supply of RSEs and investment options within RSEs.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.0 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 551.0 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.0 are to be reported as whole dollars.\n\nItems on SRF 551.0 must be reported as at the end of the reporting period.\n\nTables 1, 2, 3 and 4 are to be reported for internally managed investment option only.\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: RSE Liquidity Profile\n\nReport columns 1 to 4 as at the end of the reporting period.\n\nInstructions\n\nReport the value of the investment that can be redeemed for cash in Column 2, for each of the time periods in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the value of investments that can be redeemed for cash in column 3, for each of the time periods in column 1, based on the relevant worst case liquidity stress scenario of the RSE licensee’s liquidity stress testing.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------------------- | ----------------- | ------------- | -------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days4 To 7 Days8 To 30 Days31 To 90 DaysGreater than 90 Days | Report the time period that the investment can be redeemed to cash given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the RSE’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the RSE’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 2 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). The investment value to be reported under each time periods are to be mutually exclusive such that the sum of all reported values would be equivalent to the total investment value of the RSE. |\n| 3 | Redeemable Investment Value Amount (Stressed) | | All filers | Whole dollars | Report the value after stressed returns but before cashflows. This should reflect the RSE licensee’s liquidity assumptions about the liquidity profile of investments under its worst case liquidity stress test scenario. |\n| 4 | Liquidity Stress Test Date | | All filers | Date DD/MM/YYYY | Report the date of board (or board delegate) approval of the liquidity stress test. |","sortOrder":20},{"sectionNumber":"Reporting level","sectionType":"division","heading":"Reporting level","content":"### Reporting level\n\nSRF 551.0 must be completed for each RSE, defined benefit RSE and pooled superannuation trust (PST).","sortOrder":21},{"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":22},{"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 551.0 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.0 are to be reported as whole dollars.\n\nItems on SRF 551.0 must be reported as at the end of the reporting period.\n\nTables 1, 2, 3 and 4 are to be reported for internally managed investment option only.","sortOrder":23},{"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":24},{"sectionNumber":"Table 1: RSE Liquidity Profile","sectionType":"division","heading":"Table 1: RSE Liquidity Profile","content":"### Table 1: RSE Liquidity Profile\n\nReport columns 1 to 4 as at the end of the reporting period.\n\nInstructions\n\nReport the value of the investment that can be redeemed for cash in Column 2, for each of the time periods in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the value of investments that can be redeemed for cash in column 3, for each of the time periods in column 1, based on the relevant worst case liquidity stress scenario of the RSE licensee’s liquidity stress testing.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------------------- | ----------------- | ------------- | -------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days4 To 7 Days8 To 30 Days31 To 90 DaysGreater than 90 Days | Report the time period that the investment can be redeemed to cash given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the RSE’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the RSE’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 2 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). The investment value to be reported under each time periods are to be mutually exclusive such that the sum of all reported values would be equivalent to the total investment value of the RSE. |\n| 3 | Redeemable Investment Value Amount (Stressed) | | All filers | Whole dollars | Report the value after stressed returns but before cashflows. This should reflect the RSE licensee’s liquidity assumptions about the liquidity profile of investments under its worst case liquidity stress test scenario. |\n| 4 | Liquidity Stress Test Date | | All filers | Date DD/MM/YYYY | Report the date of board (or board delegate) approval of the liquidity stress test. |","sortOrder":25},{"sectionNumber":"Table 2: Investment Option Liquidity Pro","sectionType":"division","heading":"Table 2: Investment Option Liquidity Profile","content":"### Table 2: Investment Option Liquidity Profile\n\nSRF 551.0 Table 2 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of SRF 550.0 with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.0 Table 2:\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 are reported on SRF 605.0 under investment option category Annuity; and\n\n  investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nReport the value of the investment option that can be redeemed for cash in column 4, for each of the time periods in column 3.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the value of investments that can be redeemed for cash in column 5 based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing.\n\nFor purposes of reporting in this form, report the liquidity information for each lifecycle stage or cohort, or, by investment pool where an RSE licensee manages liquidity at the investment pool. For example, an RSE licensee with 10 lifecycle stages which invests in three investment pools, such as Conservative, Balanced, and Growth investment pools and where liquidity is managed at that pool level, report for each investment pool.\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 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 3 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days4 To 7 Days8 To 30 Days31 To 90 DaysGreater than 90 Days | Report the time period that the investment can be redeemed to cash, given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the investment option’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the investment option’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 4 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment option that can be redeemed for cash under normal market conditions on an incremental basis (i.e. not cumulative basis). The investment value to be reported under each time periods are to be mutually exclusive such that the sum of all reported values would be equivalent to the total investment value of the investment option. |\n| 5 | Redeemable Investment Value Amount (Stressed) | | All filers | Whole dollars | Report the value of the investment option after stressed returns but before cashflows. This should reflect the RSE licensee’s liquidity assumptions about the liquidity profile of investments under its worst case liquidity stress test scenario. |\n| 6 | Liquidity Stress Test Date | | All filers | Date DD/MM/YYYY | Report the date of board (or board delegate) approval of the liquidity stress test. |","sortOrder":26},{"sectionNumber":"Table 3: RSE Available Liquid Assets Wit","sectionType":"division","heading":"Table 3: RSE Available Liquid Assets Within 3 Days","content":"### Table 3: RSE Available Liquid Assets Within 3 Days\n\nInstructions\n\nReport the value of the investment that can be redeemed for cash within the relevant period.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Investment Management Type | Y | All filers | Internally Managed InvestmentExternally Managed Investment | Report the investment management type of the investment. |\n| 2 | Investment Strategic Sector Type | Y | All filers | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive Alternatives | 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 | Cash And Fixed Income Characteristics Type | Y | All filers | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of DepositCash Cash Management TrustFixed Income Government/Semi-GovernmentFixed Income – Non-Government (other than Private Debt)Fixed Income Private DebtFixed Income OtherNot Applicable | Report the relevant cash and fixed income characteristic type.Refer to Appendix B |\n| 7 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days | Report the time period that the investment can be redeemed to cash, given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the RSE’s holdings are able to be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the RSE’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 8 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). |","sortOrder":27},{"sectionNumber":"Table 4: Investment Option Available Liq","sectionType":"division","heading":"Table 4: Investment Option Available Liquid Assets Within 3 Days","content":"### Table 4: Investment Option Available Liquid Assets Within 3 Days\n\nInstructions\n\nSRF 551.0 Table 4 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of Reporting Form SRF 550.0 Asset Allocation with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.0 Table 4:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| 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 Management Type | | All filers | Internally Managed InvestmentExternally Managed Investment | Report the investment management type of the investment. |\n| 3 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Investment Strategic Sector Type | Y | All filers | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive Alternatives | Report the strategic sector of the investment. |\n| 5 | Investment Strategic Sector Listing Type | Y | All filers | ListedUnlistedNot SpecifiedNot Applicable | Report the listing type of the strategic sector of the investment. |\n| 6 | 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| 7 | 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| 8 | Cash And Fixed Income Characteristics Type | Y | All filers | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of DepositCash Cash Management TrustFixed Income Government/Semi-GovernmentFixed Income – Non-Government (other than Private Debt)Fixed Income Private DebtFixed Income OtherNot Applicable | Report the relevant cash and fixed income characteristic type.Refer to Appendix B |\n| 9 | Redeemable For Cash | Y | All filers | 1 Day Or Less2 To 3 Days | Report the time period that the investment can be redeemed to cash, given any constraints associated with the redemption or disposal of the investment.For example, for listed equities when reporting ‘Redeemable Investment Value Amount’ how much of the investment option’s holdings can be reasonably redeemed for cash at or near carrying value given daily trading volume. Similarly, in the case of investment in pooled vehicles how much of the investment option’s holdings can be redeemed for cash at or near carrying value given the redemption constraints for that investment. |\n| 10 | Redeemable Investment Value Amount | | All filers | Whole dollars | Report the value of the investment that can be redeemed for cash under normal market conditions.Report the value of investment on an incremental basis (i.e. not cumulative basis). |","sortOrder":28},{"sectionNumber":"Reporting Form SRF 551.1","sectionType":"part","heading":"Reporting Form SRF 551.1","content":"# Reporting Form SRF 551.1\n\n# Liquidity demand\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1). This form collects information on actual and estimated cashflows, member transactions and foreign currency contracts outstanding.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.1 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 551.1 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 551.1 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 551.1 must be reported as at the end of the reporting period.\n\n### Tables 2 and 4 are to be reported for internally managed investment options only.\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: RSE Member Cash Flows\n\nInstructions\n\nFor each RSE, report the dollar value of net members’ flows within the reporting period in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows in Column 2 based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing.\n\nIn Column 3, report the number of days used to calculate the estimated stressed net cash flows based on the RSE licensee’s liquidity stress testing. For example, if the estimated stressed net cash outflows is for 30 days, report 30 days. The liquidity stress test relied upon in this table must be the same as the test reported in SRF 551.0 table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 2 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 3 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 2: RSE Investment Calls On Liquidity\n\nInstructions\n\nFor each RSE, report the dollar value of actual net cash flows for internally managed investment options within the reporting period in Column 3.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 4 for the relevant Cash Flow Type.\n\nIn Column 5, report the number of days that applies to the estimated cash flows in Column 4 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the Cash Flow Type. |\n| 2 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 3 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows associated with internally managed investment options of the RSE.Report net inflows as a positive number and net outflows as a negative number. |\n| 4 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 5 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 3: Investment Option Member Cash Flows\n\nSRF 551.1 Table 3 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.1 Table 3:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 3 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of Net Members’ Flows within the reporting period in Column 5 for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 6 for the relevant combination of Taxation Status and Cash Flow Type.\n\nIn Column 7, report the assumed number of days used to calculate the estimated cashflows reported in Column 6 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table 3 must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | Mysuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Net Members’ FlowsProduct Transfers | Report the cash flow type. |\n| 5 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 6 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 4: Investment Option Investment Calls On Liquidity\n\nSRF 551.1 Table 4 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\n The following types of investment option are excluded from SRF 551.1 Table 4:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 4 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of actual net cash flows within the reporting period in Column 6, for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere derivatives are managed at the RSE level, APRA expects RSE licensees to apportion margining or contract settlements to each relevant investment option, including in scope option.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 7, for the relevant combination of Taxation Status and Cashflow Type.\n\nIn Column 8, report the assumed number of days used to calculate the estimated stressed net cash flows in Column 7 based on the RSE licensee’s liquidity stress testing. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted AllocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the cash flow type. |\n| 5 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 6 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 8 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 5: Foreign Currency Contracts Outstanding\n\nInstructions\n\nReport the aggregate amount of directly held (including Individually Managed Mandate) foreign exchange (FX) contracts outstanding as at the end of the reporting period.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | -------------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Foreign Currency Contracts Outstanding | Y | All filers | Principal Value Of Foreign Currency Contracts OutstandingPositive Market Value Of Foreign Currency Contracts OutstandingNegative Market Value Of Foreign Currency Contracts Outstanding | Report the foreign currency contract outstanding value type.Report in one row (Principal Value of Foreign Currency Contracts Outstanding) the Principal Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Positive Market Value of Foreign Currency Contracts Outstanding) the Positive Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Negative Market Value of Foreign Currency Contracts Outstanding) the Negative Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods. |\n| 2 | Up To 7 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing within 7 days. |\n| 3 | 8 To 30 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 8 days up to 30 days. |\n| 4 | 31 To 90 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 31 days up to 90 days. |\n| 5 | 91 to 120 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 91 days up to 120 days. |\n| 6 | 121 To 150 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 121 days up to 150 days. |\n| 7 | 151 To 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 151 days up to 180 days. |\n| 8 | Greater than 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing after 180 days. |\n\n### Table 6: Investment Options With Significant Net Member Flows\n\nInstructions\n\nReport the investment options with an investment value of at least $50 million that have actual net cash flows that represent 3% or more of the investment option’s total investment values as at the beginning of the quarter.\n\n The following types of investment options are excluded from SRF 551.1 Table 6:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| 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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status |\n| 3 | In-Specie Indicator | Y | | YesNo | Report whether the member inflow/(outflow) is in-specie or not.Report ‘Yes’ if in-specie, otherwise report ‘No’. |\n| 4 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows. Report inflows as a positive number and outflows as a negative number. |","sortOrder":29},{"sectionNumber":"Liquidity demand","sectionType":"part","heading":"Liquidity demand","content":"# Reporting Form SRF 551.1\n\n# Liquidity demand\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1). This form collects information on actual and estimated cashflows, member transactions and foreign currency contracts outstanding.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.1 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 551.1 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 551.1 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 551.1 must be reported as at the end of the reporting period.\n\n### Tables 2 and 4 are to be reported for internally managed investment options only.\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: RSE Member Cash Flows\n\nInstructions\n\nFor each RSE, report the dollar value of net members’ flows within the reporting period in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows in Column 2 based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing.\n\nIn Column 3, report the number of days used to calculate the estimated stressed net cash flows based on the RSE licensee’s liquidity stress testing. For example, if the estimated stressed net cash outflows is for 30 days, report 30 days. The liquidity stress test relied upon in this table must be the same as the test reported in SRF 551.0 table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 2 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 3 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 2: RSE Investment Calls On Liquidity\n\nInstructions\n\nFor each RSE, report the dollar value of actual net cash flows for internally managed investment options within the reporting period in Column 3.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 4 for the relevant Cash Flow Type.\n\nIn Column 5, report the number of days that applies to the estimated cash flows in Column 4 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the Cash Flow Type. |\n| 2 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 3 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows associated with internally managed investment options of the RSE.Report net inflows as a positive number and net outflows as a negative number. |\n| 4 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 5 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 3: Investment Option Member Cash Flows\n\nSRF 551.1 Table 3 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.1 Table 3:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 3 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of Net Members’ Flows within the reporting period in Column 5 for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 6 for the relevant combination of Taxation Status and Cash Flow Type.\n\nIn Column 7, report the assumed number of days used to calculate the estimated cashflows reported in Column 6 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table 3 must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | Mysuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Net Members’ FlowsProduct Transfers | Report the cash flow type. |\n| 5 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 6 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 4: Investment Option Investment Calls On Liquidity\n\nSRF 551.1 Table 4 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\n The following types of investment option are excluded from SRF 551.1 Table 4:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 4 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of actual net cash flows within the reporting period in Column 6, for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere derivatives are managed at the RSE level, APRA expects RSE licensees to apportion margining or contract settlements to each relevant investment option, including in scope option.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 7, for the relevant combination of Taxation Status and Cashflow Type.\n\nIn Column 8, report the assumed number of days used to calculate the estimated stressed net cash flows in Column 7 based on the RSE licensee’s liquidity stress testing. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted AllocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the cash flow type. |\n| 5 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 6 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 8 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 5: Foreign Currency Contracts Outstanding\n\nInstructions\n\nReport the aggregate amount of directly held (including Individually Managed Mandate) foreign exchange (FX) contracts outstanding as at the end of the reporting period.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | -------------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Foreign Currency Contracts Outstanding | Y | All filers | Principal Value Of Foreign Currency Contracts OutstandingPositive Market Value Of Foreign Currency Contracts OutstandingNegative Market Value Of Foreign Currency Contracts Outstanding | Report the foreign currency contract outstanding value type.Report in one row (Principal Value of Foreign Currency Contracts Outstanding) the Principal Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Positive Market Value of Foreign Currency Contracts Outstanding) the Positive Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Negative Market Value of Foreign Currency Contracts Outstanding) the Negative Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods. |\n| 2 | Up To 7 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing within 7 days. |\n| 3 | 8 To 30 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 8 days up to 30 days. |\n| 4 | 31 To 90 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 31 days up to 90 days. |\n| 5 | 91 to 120 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 91 days up to 120 days. |\n| 6 | 121 To 150 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 121 days up to 150 days. |\n| 7 | 151 To 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 151 days up to 180 days. |\n| 8 | Greater than 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing after 180 days. |\n\n### Table 6: Investment Options With Significant Net Member Flows\n\nInstructions\n\nReport the investment options with an investment value of at least $50 million that have actual net cash flows that represent 3% or more of the investment option’s total investment values as at the beginning of the quarter.\n\n The following types of investment options are excluded from SRF 551.1 Table 6:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| 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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status |\n| 3 | In-Specie Indicator | Y | | YesNo | Report whether the member inflow/(outflow) is in-specie or not.Report ‘Yes’ if in-specie, otherwise report ‘No’. |\n| 4 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows. Report inflows as a positive number and outflows as a negative number. |","sortOrder":30},{"sectionNumber":"Tables 2 and 4 are to be reported for in","sectionType":"division","heading":"Tables 2 and 4 are to be reported for internally managed investment options only.","content":"# Reporting Form SRF 551.1\n\n# Liquidity demand\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.1 Liquidity Demand (SRF 551.1). This form collects information on actual and estimated cashflows, member transactions and foreign currency contracts outstanding.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.1 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 551.1 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 551.1 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 551.1 must be reported as at the end of the reporting period.\n\n### Tables 2 and 4 are to be reported for internally managed investment options only.\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: RSE Member Cash Flows\n\nInstructions\n\nFor each RSE, report the dollar value of net members’ flows within the reporting period in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows in Column 2 based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing.\n\nIn Column 3, report the number of days used to calculate the estimated stressed net cash flows based on the RSE licensee’s liquidity stress testing. For example, if the estimated stressed net cash outflows is for 30 days, report 30 days. The liquidity stress test relied upon in this table must be the same as the test reported in SRF 551.0 table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 2 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 3 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 2: RSE Investment Calls On Liquidity\n\nInstructions\n\nFor each RSE, report the dollar value of actual net cash flows for internally managed investment options within the reporting period in Column 3.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 4 for the relevant Cash Flow Type.\n\nIn Column 5, report the number of days that applies to the estimated cash flows in Column 4 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the Cash Flow Type. |\n| 2 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 3 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows associated with internally managed investment options of the RSE.Report net inflows as a positive number and net outflows as a negative number. |\n| 4 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 5 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 3: Investment Option Member Cash Flows\n\nSRF 551.1 Table 3 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.1 Table 3:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 3 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of Net Members’ Flows within the reporting period in Column 5 for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 6 for the relevant combination of Taxation Status and Cash Flow Type.\n\nIn Column 7, report the assumed number of days used to calculate the estimated cashflows reported in Column 6 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table 3 must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | Mysuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Net Members’ FlowsProduct Transfers | Report the cash flow type. |\n| 5 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 6 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 4: Investment Option Investment Calls On Liquidity\n\nSRF 551.1 Table 4 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\n The following types of investment option are excluded from SRF 551.1 Table 4:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 4 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of actual net cash flows within the reporting period in Column 6, for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere derivatives are managed at the RSE level, APRA expects RSE licensees to apportion margining or contract settlements to each relevant investment option, including in scope option.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 7, for the relevant combination of Taxation Status and Cashflow Type.\n\nIn Column 8, report the assumed number of days used to calculate the estimated stressed net cash flows in Column 7 based on the RSE licensee’s liquidity stress testing. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted AllocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the cash flow type. |\n| 5 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 6 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 8 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |\n\n### Table 5: Foreign Currency Contracts Outstanding\n\nInstructions\n\nReport the aggregate amount of directly held (including Individually Managed Mandate) foreign exchange (FX) contracts outstanding as at the end of the reporting period.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | -------------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Foreign Currency Contracts Outstanding | Y | All filers | Principal Value Of Foreign Currency Contracts OutstandingPositive Market Value Of Foreign Currency Contracts OutstandingNegative Market Value Of Foreign Currency Contracts Outstanding | Report the foreign currency contract outstanding value type.Report in one row (Principal Value of Foreign Currency Contracts Outstanding) the Principal Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Positive Market Value of Foreign Currency Contracts Outstanding) the Positive Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Negative Market Value of Foreign Currency Contracts Outstanding) the Negative Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods. |\n| 2 | Up To 7 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing within 7 days. |\n| 3 | 8 To 30 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 8 days up to 30 days. |\n| 4 | 31 To 90 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 31 days up to 90 days. |\n| 5 | 91 to 120 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 91 days up to 120 days. |\n| 6 | 121 To 150 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 121 days up to 150 days. |\n| 7 | 151 To 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 151 days up to 180 days. |\n| 8 | Greater than 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing after 180 days. |\n\n### Table 6: Investment Options With Significant Net Member Flows\n\nInstructions\n\nReport the investment options with an investment value of at least $50 million that have actual net cash flows that represent 3% or more of the investment option’s total investment values as at the beginning of the quarter.\n\n The following types of investment options are excluded from SRF 551.1 Table 6:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| 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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status |\n| 3 | In-Specie Indicator | Y | | YesNo | Report whether the member inflow/(outflow) is in-specie or not.Report ‘Yes’ if in-specie, otherwise report ‘No’. |\n| 4 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows. Report inflows as a positive number and outflows as a negative number. |","sortOrder":36},{"sectionNumber":"Table 1: RSE Member Cash Flows","sectionType":"division","heading":"Table 1: RSE Member Cash Flows","content":"### Table 1: RSE Member Cash Flows\n\nInstructions\n\nFor each RSE, report the dollar value of net members’ flows within the reporting period in Column 1.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows in Column 2 based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing.\n\nIn Column 3, report the number of days used to calculate the estimated stressed net cash flows based on the RSE licensee’s liquidity stress testing. For example, if the estimated stressed net cash outflows is for 30 days, report 30 days. The liquidity stress test relied upon in this table must be the same as the test reported in SRF 551.0 table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 2 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 3 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |","sortOrder":38},{"sectionNumber":"Table 2: RSE Investment Calls On Liquidi","sectionType":"division","heading":"Table 2: RSE Investment Calls On Liquidity","content":"### Table 2: RSE Investment Calls On Liquidity\n\nInstructions\n\nFor each RSE, report the dollar value of actual net cash flows for internally managed investment options within the reporting period in Column 3.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 4 for the relevant Cash Flow Type.\n\nIn Column 5, report the number of days that applies to the estimated cash flows in Column 4 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | --------------------------------- | ----------------- | ------------- | ---------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the Cash Flow Type. |\n| 2 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 3 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows associated with internally managed investment options of the RSE.Report net inflows as a positive number and net outflows as a negative number. |\n| 4 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 5 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |","sortOrder":39},{"sectionNumber":"Table 3: Investment Option Member Cash F","sectionType":"division","heading":"Table 3: Investment Option Member Cash Flows","content":"### Table 3: Investment Option Member Cash Flows\n\nSRF 551.1 Table 3 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1);\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of 'Cash' as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\nThe following types of investment option are excluded from SRF 551.1 Table 3:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 3 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of Net Members’ Flows within the reporting period in Column 5 for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net members’ flows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 6 for the relevant combination of Taxation Status and Cash Flow Type.\n\nIn Column 7, report the assumed number of days used to calculate the estimated cashflows reported in Column 6 based on the RSE licensee’s liquidity stress test. The liquidity stress test relied upon in this Table 3 must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | Mysuper ProductLiquidity ProviderUnlisted allocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Net Members’ FlowsProduct Transfers | Report the cash flow type. |\n| 5 | Actual Net Cash Flows | | All filers | Whole dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 6 | Estimated Stressed Net Cash Flows | | All filers | Whole dollars | Report the estimated stressed net cash flows. This should reflect the RSE licensee’s stressed net cash flows under its worst case liquidity stress test scenario.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |","sortOrder":40},{"sectionNumber":"Table 4: Investment Option Investment Ca","sectionType":"division","heading":"Table 4: Investment Option Investment Calls On Liquidity","content":"### Table 4: Investment Option Investment Calls On Liquidity\n\nSRF 551.1 Table 4 must be completed for the following types of internally managed investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million.\n\n The following types of investment option are excluded from SRF 551.1 Table 4:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\nInstructions\n\nItems on SRF 551.1 Table 4 must be reported with respect to transactions that occurred during the reporting period.\n\nFor each investment option, report the dollar value of actual net cash flows within the reporting period in Column 6, for the relevant combination of Taxation Status and Cash Flow Type.\n\nWhere derivatives are managed at the RSE level, APRA expects RSE licensees to apportion margining or contract settlements to each relevant investment option, including in scope option.\n\nWhere a liquidity stress test has been conducted during the reporting period, report the estimated value of net cash inflows or outflows based on the relevant worst case liquidity stress test scenario of the RSE licensee’s liquidity stress testing in Column 7, for the relevant combination of Taxation Status and Cashflow Type.\n\nIn Column 8, report the assumed number of days used to calculate the estimated stressed net cash flows in Column 7 based on the RSE licensee’s liquidity stress testing. The liquidity stress test relied upon in this Table must be the same as the test reported in SRF 551.0 Table 1.\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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status. |\n| 3 | In-scope Criteria | | All filers | MySuper ProductLiquidity ProviderUnlisted AllocationCash Sector | Report the criteria for reporting the investment option. |\n| 4 | Cash Flow Type | Y | All filers | Derivative MarginingForeign Currency Contracts SettlementsCapital Calls/ Funding CommitmentsExpendituresOther Funding Requirements | Report the cash flow type. |\n| 5 | Other Funding Requirements | Y | All filers | Text (100) | Report a description of other funding requirements.Where the Cash Flow Type reported in Column 1 is not ‘Other Funding Requirements’, report ‘Not Applicable’. |\n| 6 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 7 | Estimated Stressed Net Cash Flows | | All filers | Whole Dollars | Report the estimated stressed net cash flows.Report net inflows as a positive number and net outflows as a negative number. |\n| 8 | Number Of Days Covered | | All filers | Positive Integer | Report the assumed number of days used to calculate the estimated stressed net cash flows. |","sortOrder":41},{"sectionNumber":"Table 5: Foreign Currency Contracts Outs","sectionType":"division","heading":"Table 5: Foreign Currency Contracts Outstanding","content":"### Table 5: Foreign Currency Contracts Outstanding\n\nInstructions\n\nReport the aggregate amount of directly held (including Individually Managed Mandate) foreign exchange (FX) contracts outstanding as at the end of the reporting period.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | -------------------------------------- | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Foreign Currency Contracts Outstanding | Y | All filers | Principal Value Of Foreign Currency Contracts OutstandingPositive Market Value Of Foreign Currency Contracts OutstandingNegative Market Value Of Foreign Currency Contracts Outstanding | Report the foreign currency contract outstanding value type.Report in one row (Principal Value of Foreign Currency Contracts Outstanding) the Principal Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Positive Market Value of Foreign Currency Contracts Outstanding) the Positive Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods.Report in one row (Negative Market Value of Foreign Currency Contracts Outstanding) the Negative Market Value of Foreign Currency Contracts Outstanding and allocate values under each of the respective maturity time periods. |\n| 2 | Up To 7 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing within 7 days. |\n| 3 | 8 To 30 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 8 days up to 30 days. |\n| 4 | 31 To 90 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 31 days up to 90 days. |\n| 5 | 91 to 120 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 91 days up to 120 days. |\n| 6 | 121 To 150 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 121 days up to 150 days. |\n| 7 | 151 To 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing from 151 days up to 180 days. |\n| 8 | Greater than 180 Days | | All filers | Whole dollars | Report the principal value, positive or negative market value of foreign currency contracts outstanding maturing after 180 days. |","sortOrder":42},{"sectionNumber":"Table 6: Investment Options With Signifi","sectionType":"division","heading":"Table 6: Investment Options With Significant Net Member Flows","content":"### Table 6: Investment Options With Significant Net Member Flows\n\nInstructions\n\nReport the investment options with an investment value of at least $50 million that have actual net cash flows that represent 3% or more of the investment option’s total investment values as at the beginning of the quarter.\n\n The following types of investment options are excluded from SRF 551.1 Table 6:\n\n investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| 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 | Taxation Status | Y | All filers | Taxed (Accumulation and Transition to Retirement)Untaxed (Retirement)Taxed and Untaxed (Defined Benefit) | Report the taxation status |\n| 3 | In-Specie Indicator | Y | | YesNo | Report whether the member inflow/(outflow) is in-specie or not.Report ‘Yes’ if in-specie, otherwise report ‘No’. |\n| 4 | Actual Net Cash Flows | | All filers | Whole Dollars | Report the actual net cash flows. Report inflows as a positive number and outflows as a negative number. |","sortOrder":43},{"sectionNumber":"Reporting Form SRF 551.2","sectionType":"part","heading":"Reporting Form SRF 551.2","content":"# Reporting Form SRF 551.2\n\n# Liquidity Event Trigger Metrics Or Indicators\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.2 Liquidity Event Trigger Metrics Or Indicators (SRF 551.2). This form collects information on the liquidity trigger metrics or indicators at the RSE level and at the investment option level based on the RSE licensee’s liquidity management policy. This form also collects information when any of the liquidity trigger metrics or indicators have been exceeded during the reporting period.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.2 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 551.2 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 551.2 must be reported as at the end of the reporting period, or, if an RSE licensee is submitting ad-hoc information, as at the date of the change.\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: Liquidity Event Trigger Metrics Or Indicators\n\nInstructions\n\nReport the liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy.\n\nSRF 551.2 Table 1 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million; and\n\n  investment options with a liquidity trigger metric or indicator that was exceeded during the reporting period.\n\nThe following types of investment options are excluded from SRF 551.2 Table 1:\n\n  investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n\n  investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n  investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidity Trigger Or Indicator Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the liquidity trigger metric or indicator identifier for each level of liquidity trigger metric or indicator. |\n| 2 | RSE Or Investment Option | Y | All filers | RSE LevelInvestment Option Level | Report whether the liquidity trigger metric or indicator applies at RSE or investment option level. |\n| 3 | Investment Option Identifier | Y | All filers | Text (20) | If investment option level is reported in Column 2, report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If RSE Level is reported in Column 2, report ‘Not Applicable’. |\n| 4 | Liquidity Trigger Metric Or Indicator | Y | All filers | Illiquid Assets Exposure – ActualIlliquid Assets Exposure – StressedCash AvailableLiquidity Indicator MetricMember SwitchingMember OutflowsAsset Allocation LimitsTotal Option Inflows/OutflowsCapital CommitmentsDecline In Equity IndicesAUD DepreciationOther Market IndicatorsInvestment Option SizeOther | Report the applicable liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy. |\n| 5 | Description Of The Liquidity Trigger Metric Or Indicator | Y | All filers | Text (1000) | Report any additional information relevant to the interpretation of liquidity trigger metric or indicator, including:the liquidity trigger metric or indicator value (e.g. dollar value, percentage of which base value, percentage change over what time period, etc.);whether it is a level 1 early warning exceeded, level 2 early warning exceeded or level 3 limit exceeded trigger metric or indicator; anddescription relevant to the interpretation of items reported in this table, including description of 'Other' (if applicable). |\n| 6 | Level 1 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 1 early warning exceeded has occurred that requires action, e.g. more frequent reporting and or monitoring to the board. |\n| 7 | Level 2 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 2 early warning exceeded has occurred that requires liquidity risk mitigating actions e.g. sell down of assets and escalation to the board. |\n| 8 | Level 3 Limit exceeded | Y | All filers | YesNo | Report whether a level 3 limit exceeded has occurred that is a breach of the RSE licensee’s liquidity management policy limit. |\n| 9 | Description Of The Liquidity Trigger Metric Or Indicator exceeded | Y | All filers | Text (1000) | Report relevant information about the liquidity trigger metric or indicator exceeded and any response taken.Include the following:value of the liquidity trigger metric or indicator exceeded: value as at report date;range of value (highest and lowest) the liquidity trigger metric or indicator was in excess;the number of days it was in excess; and/or,any other information relevant to the interpretation of the liquidity trigger metric or indicator exceeded. |","sortOrder":44},{"sectionNumber":"Liquidity Event Trigger Metrics Or Indic","sectionType":"part","heading":"Liquidity Event Trigger Metrics Or Indicators","content":"# Reporting Form SRF 551.2\n\n# Liquidity Event Trigger Metrics Or Indicators\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.2 Liquidity Event Trigger Metrics Or Indicators (SRF 551.2). This form collects information on the liquidity trigger metrics or indicators at the RSE level and at the investment option level based on the RSE licensee’s liquidity management policy. This form also collects information when any of the liquidity trigger metrics or indicators have been exceeded during the reporting period.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.2 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 551.2 in accordance with the Australian Accounting Standards, except where otherwise specified.\n\nAssets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee 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 551.2 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.\n\nItems on SRF 551.2 must be reported as at the end of the reporting period, or, if an RSE licensee is submitting ad-hoc information, as at the date of the change.\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: Liquidity Event Trigger Metrics Or Indicators\n\nInstructions\n\nReport the liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy.\n\nSRF 551.2 Table 1 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million; and\n\n  investment options with a liquidity trigger metric or indicator that was exceeded during the reporting period.\n\nThe following types of investment options are excluded from SRF 551.2 Table 1:\n\n  investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n\n  investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n  investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidity Trigger Or Indicator Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the liquidity trigger metric or indicator identifier for each level of liquidity trigger metric or indicator. |\n| 2 | RSE Or Investment Option | Y | All filers | RSE LevelInvestment Option Level | Report whether the liquidity trigger metric or indicator applies at RSE or investment option level. |\n| 3 | Investment Option Identifier | Y | All filers | Text (20) | If investment option level is reported in Column 2, report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If RSE Level is reported in Column 2, report ‘Not Applicable’. |\n| 4 | Liquidity Trigger Metric Or Indicator | Y | All filers | Illiquid Assets Exposure – ActualIlliquid Assets Exposure – StressedCash AvailableLiquidity Indicator MetricMember SwitchingMember OutflowsAsset Allocation LimitsTotal Option Inflows/OutflowsCapital CommitmentsDecline In Equity IndicesAUD DepreciationOther Market IndicatorsInvestment Option SizeOther | Report the applicable liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy. |\n| 5 | Description Of The Liquidity Trigger Metric Or Indicator | Y | All filers | Text (1000) | Report any additional information relevant to the interpretation of liquidity trigger metric or indicator, including:the liquidity trigger metric or indicator value (e.g. dollar value, percentage of which base value, percentage change over what time period, etc.);whether it is a level 1 early warning exceeded, level 2 early warning exceeded or level 3 limit exceeded trigger metric or indicator; anddescription relevant to the interpretation of items reported in this table, including description of 'Other' (if applicable). |\n| 6 | Level 1 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 1 early warning exceeded has occurred that requires action, e.g. more frequent reporting and or monitoring to the board. |\n| 7 | Level 2 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 2 early warning exceeded has occurred that requires liquidity risk mitigating actions e.g. sell down of assets and escalation to the board. |\n| 8 | Level 3 Limit exceeded | Y | All filers | YesNo | Report whether a level 3 limit exceeded has occurred that is a breach of the RSE licensee’s liquidity management policy limit. |\n| 9 | Description Of The Liquidity Trigger Metric Or Indicator exceeded | Y | All filers | Text (1000) | Report relevant information about the liquidity trigger metric or indicator exceeded and any response taken.Include the following:value of the liquidity trigger metric or indicator exceeded: value as at report date;range of value (highest and lowest) the liquidity trigger metric or indicator was in excess;the number of days it was in excess; and/or,any other information relevant to the interpretation of the liquidity trigger metric or indicator exceeded. |","sortOrder":45},{"sectionNumber":"Table 1: Liquidity Event Trigger Metrics","sectionType":"division","heading":"Table 1: Liquidity Event Trigger Metrics Or Indicators","content":"### Table 1: Liquidity Event Trigger Metrics Or Indicators\n\nInstructions\n\nReport the liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy.\n\nSRF 551.2 Table 1 must be completed for the following types of investment options within an RSE, defined benefit RSE or PST:\n\n  investment options which underlie a MySuper Product;\n\n  investment options with a Liquidity Provider Type of ‘Liquidity Provider’ as reported in Table 1 of Reporting Form SRF 605.1 Investment Option Transaction and Pricing Attributes (SRF 605.1) for the same reporting period;\n\n  investment options with actual allocation of 20% or more to unlisted assets as reported in Table 2 of Reporting Form SRF 550.0 Asset Allocation (SRF 550.0) and with an investment value of at least $50 million. For the purposes of reporting in this form, unlisted assets include Unlisted Property, Unlisted Infrastructure, Unlisted Equity, Unlisted Alternatives and Private Debt;\n\n  investment options with a 100% benchmark allocation to Investment Strategic Sector Type of ‘Cash’ as reported in Table 1 of SRF 550.0 and with an investment value of at least $50 million; and\n\n  investment options with a liquidity trigger metric or indicator that was exceeded during the reporting period.\n\nThe following types of investment options are excluded from SRF 551.2 Table 1:\n\n  investment options which are permitted to be aggregated in Table 3 of SRF 605.0;\n\n  investment options which are reported on SRF 605.0 under investment option category Annuity; and\n\n  investment options which solely underlie products with the Superannuation Product Category Type of ‘Insurance Only’ or ‘Whole of Life or Endowment’.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ----------------------------------------------------------------- | ----------------- | ------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidity Trigger Or Indicator Identifier | Y | All filers | No more than 20 alpha-numeric characters (with no special characters) | Report the liquidity trigger metric or indicator identifier for each level of liquidity trigger metric or indicator. |\n| 2 | RSE Or Investment Option | Y | All filers | RSE LevelInvestment Option Level | Report whether the liquidity trigger metric or indicator applies at RSE or investment option level. |\n| 3 | Investment Option Identifier | Y | All filers | Text (20) | If investment option level is reported in Column 2, report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.If RSE Level is reported in Column 2, report ‘Not Applicable’. |\n| 4 | Liquidity Trigger Metric Or Indicator | Y | All filers | Illiquid Assets Exposure – ActualIlliquid Assets Exposure – StressedCash AvailableLiquidity Indicator MetricMember SwitchingMember OutflowsAsset Allocation LimitsTotal Option Inflows/OutflowsCapital CommitmentsDecline In Equity IndicesAUD DepreciationOther Market IndicatorsInvestment Option SizeOther | Report the applicable liquidity trigger metric or indicator as defined in the RSE licensee’s liquidity management policy. |\n| 5 | Description Of The Liquidity Trigger Metric Or Indicator | Y | All filers | Text (1000) | Report any additional information relevant to the interpretation of liquidity trigger metric or indicator, including:the liquidity trigger metric or indicator value (e.g. dollar value, percentage of which base value, percentage change over what time period, etc.);whether it is a level 1 early warning exceeded, level 2 early warning exceeded or level 3 limit exceeded trigger metric or indicator; anddescription relevant to the interpretation of items reported in this table, including description of 'Other' (if applicable). |\n| 6 | Level 1 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 1 early warning exceeded has occurred that requires action, e.g. more frequent reporting and or monitoring to the board. |\n| 7 | Level 2 Early warning trigger or indicator exceeded | Y | All filers | YesNo | Report whether a level 2 early warning exceeded has occurred that requires liquidity risk mitigating actions e.g. sell down of assets and escalation to the board. |\n| 8 | Level 3 Limit exceeded | Y | All filers | YesNo | Report whether a level 3 limit exceeded has occurred that is a breach of the RSE licensee’s liquidity management policy limit. |\n| 9 | Description Of The Liquidity Trigger Metric Or Indicator exceeded | Y | All filers | Text (1000) | Report relevant information about the liquidity trigger metric or indicator exceeded and any response taken.Include the following:value of the liquidity trigger metric or indicator exceeded: value as at report date;range of value (highest and lowest) the liquidity trigger metric or indicator was in excess;the number of days it was in excess; and/or,any other information relevant to the interpretation of the liquidity trigger metric or indicator exceeded. |","sortOrder":52},{"sectionNumber":"Reporting Form SRF 551.3","sectionType":"part","heading":"Reporting Form SRF 551.3","content":"# Reporting Form SRF 551.3\n\n# Estimated Order of Asset Liquidation Under Liquidity Stress Condition\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.3 Estimated Order of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3). This form collects information on the RSE licensee’s best estimate of asset liquidation order under liquidity stress conditions that demonstrates its liquidity action plan.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.3 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 551.3 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 551.3 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 551.3 must be reported as at the end of the reporting period.\n\nSRF 551.3 is to be reported for internally managed investments options only.\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: Estimated Order Of Asset Liquidation Under Liquidity Stress Condition\n\nInstructions\n\nReport the RSE licensee's best estimate of asset liquidation order and amount for internally managed investment options under liquidity stress conditions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidation Order | Y | All filers | Integer | Report the rank (1 being first) of the asset to be liquidated. |\n| 2 | Investment Management Type | Y | All filers | Internally Managed InvestmentExternally Managed Investment | Report the investment management type of the investment. |\n| 3 | Investment Strategic Sector Type | Y | All filers | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive Alternatives | Report the strategic sector of the investment. |\n| 4 | Investment Strategic Sector Listing Type | Y | All filers | ListedUnlistedNot Applicable | Report the listing type of the strategic sector of the investment. |\n| 5 | Investment Strategic Sector Domicile Type | Y | All filers | Australian DomicileInternational DomicileNot Applicable | Report the domicile type of the strategic sector of the investment. |\n| 6 | Investment Strategic Sector International Economy Type | Y | All filers | Emerging MarketsDeveloped MarketsNot Applicable | Report the international economy type of the strategic sector of the investment. |\n| 7 | Cash And Fixed Income Characteristics Type | Y | All filers | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of DepositCash Cash Management TrustFixed Income Government/Semi-GovernmentFixed Income – Non-Government (other than Private Debt)Fixed Income Private DebtFixed Income OtherNot Applicable | Report the relevant Cash and Fixed Income Characteristics.Refer to Appendix B. |\n| 8 | Investment Value Amount | | All filers | Whole dollars | Report the value of the asset, investment or fund. |\n| 9 | Planned Liquidation Timeframe | Y | All filers | Next 3 daysNext 30 days | Report the timeframe over which the specified amount of investment is planned to be liquidated. |\n| 10 | Amount Estimated To Be Liquidated | | All filers | Monetary | Report the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 11 | Estimated Valuation Haircut | | All filers | Percentage | Report the percentage reduction in value of the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 12 | Additional Information | | All filers | Text (1000) | Report any additional information relevant to the interpretation of items reported in this table. |","sortOrder":53},{"sectionNumber":"Estimated Order of Asset Liquidation Und","sectionType":"part","heading":"Estimated Order of Asset Liquidation Under Liquidity Stress Condition","content":"# Reporting Form SRF 551.3\n\n# Estimated Order of Asset Liquidation Under Liquidity Stress Condition\n\n# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form SRF 551.3 Estimated Order of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3). This form collects information on the RSE licensee’s best estimate of asset liquidation order under liquidity stress conditions that demonstrates its liquidity action plan.\n\n## General directions and notes\n\n### Reporting level\n\nSRF 551.3 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 551.3 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 551.3 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 551.3 must be reported as at the end of the reporting period.\n\nSRF 551.3 is to be reported for internally managed investments options only.\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: Estimated Order Of Asset Liquidation Under Liquidity Stress Condition\n\nInstructions\n\nReport the RSE licensee's best estimate of asset liquidation order and amount for internally managed investment options under liquidity stress conditions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidation Order | Y | All filers | Integer | Report the rank (1 being first) of the asset to be liquidated. |\n| 2 | Investment Management Type | Y | All filers | Internally Managed InvestmentExternally Managed Investment | Report the investment management type of the investment. |\n| 3 | Investment Strategic Sector Type | Y | All filers | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive Alternatives | Report the strategic sector of the investment. |\n| 4 | Investment Strategic Sector Listing Type | Y | All filers | ListedUnlistedNot Applicable | Report the listing type of the strategic sector of the investment. |\n| 5 | Investment Strategic Sector Domicile Type | Y | All filers | Australian DomicileInternational DomicileNot Applicable | Report the domicile type of the strategic sector of the investment. |\n| 6 | Investment Strategic Sector International Economy Type | Y | All filers | Emerging MarketsDeveloped MarketsNot Applicable | Report the international economy type of the strategic sector of the investment. |\n| 7 | Cash And Fixed Income Characteristics Type | Y | All filers | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of DepositCash Cash Management TrustFixed Income Government/Semi-GovernmentFixed Income – Non-Government (other than Private Debt)Fixed Income Private DebtFixed Income OtherNot Applicable | Report the relevant Cash and Fixed Income Characteristics.Refer to Appendix B. |\n| 8 | Investment Value Amount | | All filers | Whole dollars | Report the value of the asset, investment or fund. |\n| 9 | Planned Liquidation Timeframe | Y | All filers | Next 3 daysNext 30 days | Report the timeframe over which the specified amount of investment is planned to be liquidated. |\n| 10 | Amount Estimated To Be Liquidated | | All filers | Monetary | Report the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 11 | Estimated Valuation Haircut | | All filers | Percentage | Report the percentage reduction in value of the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 12 | Additional Information | | All filers | Text (1000) | Report any additional information relevant to the interpretation of items reported in this table. |","sortOrder":54},{"sectionNumber":"Table 1: Estimated Order Of Asset Liquid","sectionType":"division","heading":"Table 1: Estimated Order Of Asset Liquidation Under Liquidity Stress Condition","content":"### Table 1: Estimated Order Of Asset Liquidation Under Liquidity Stress Condition\n\nInstructions\n\nReport the RSE licensee's best estimate of asset liquidation order and amount for internally managed investment options under liquidity stress conditions.\n\n| Column | Field name | Unique identifier | Applicable to | Valid values | Description |\n| ------ | ------------------------------------------------------ | ----------------- | ------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------- |\n| 1 | Liquidation Order | Y | All filers | Integer | Report the rank (1 being first) of the asset to be liquidated. |\n| 2 | Investment Management Type | Y | All filers | Internally Managed InvestmentExternally Managed Investment | Report the investment management type of the investment. |\n| 3 | Investment Strategic Sector Type | Y | All filers | CashFixed IncomeFixed Income Excluding CreditCreditEquityPropertyInfrastructureAlternativesGrowth AlternativesDefensive Alternatives | Report the strategic sector of the investment. |\n| 4 | Investment Strategic Sector Listing Type | Y | All filers | ListedUnlistedNot Applicable | Report the listing type of the strategic sector of the investment. |\n| 5 | Investment Strategic Sector Domicile Type | Y | All filers | Australian DomicileInternational DomicileNot Applicable | Report the domicile type of the strategic sector of the investment. |\n| 6 | Investment Strategic Sector International Economy Type | Y | All filers | Emerging MarketsDeveloped MarketsNot Applicable | Report the international economy type of the strategic sector of the investment. |\n| 7 | Cash And Fixed Income Characteristics Type | Y | All filers | Cash Cash At BankCash Term DepositCash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of DepositCash Cash Management TrustFixed Income Government/Semi-GovernmentFixed Income – Non-Government (other than Private Debt)Fixed Income Private DebtFixed Income OtherNot Applicable | Report the relevant Cash and Fixed Income Characteristics.Refer to Appendix B. |\n| 8 | Investment Value Amount | | All filers | Whole dollars | Report the value of the asset, investment or fund. |\n| 9 | Planned Liquidation Timeframe | Y | All filers | Next 3 daysNext 30 days | Report the timeframe over which the specified amount of investment is planned to be liquidated. |\n| 10 | Amount Estimated To Be Liquidated | | All filers | Monetary | Report the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 11 | Estimated Valuation Haircut | | All filers | Percentage | Report the percentage reduction in value of the amount estimated to be liquidated over the planned liquidation timeframe. |\n| 12 | Additional Information | | All filers | Text (1000) | Report any additional information relevant to the interpretation of items reported in this table. |","sortOrder":61},{"sectionNumber":"Appendix A: Summary of reporting levels ","sectionType":"part","heading":"Appendix A: Summary of reporting levels and scope","content":"# Appendix A: Summary of reporting levels and scope\n\n```html\n

Reporting Form

Reporting Table

Reporting Level

Reporting on an APRA look through basis

Subject to materiality or identified scope?

Investment Option Reporting:

Internally managed or

Externally managed?

SRF 551.0

Table 1 RSE Liquidity Profile

RSE

No

Internally managed investment option

Table 2 Investment Option Liquidity Profile

Investment Option

No

Yes

Internally managed investment option

Table 3 RSE Available Liquid Assets Within 3 Days

RSE

Only for Cash and Fixed Income Characteristics

Internally managed investment option

Table 4 Investment Option Available Liquid Assets Within 3 Days

Investment Option

Only for Cash and Fixed Income Characteristics

Yes

Internally managed investment option

SRF 551.1

Table 1 RSE Member Cash Flows

RSE

No

Both

Table 2 RSE Investment Calls On Liquidity

RSE

No

Internally managed investment option

Table 3 Investment Option Member Cash Flows

Investment Option

No

Yes

Both

Table 4 Investment Option Investment Calls On Liquidity

Investment Option

No

Yes

Internally managed investment option

Table 5 Foreign Currency Contracts Outstanding

RSE

No

Both

Table 6 Investment Options with Significant Net Member Flows

Investment Option

No

Yes

Both

SRF 551.2 Liquidity Event And Other Indicators (SRF 551.2)

Table 1 RSE Liquidity Event Trigger Metrics Or Indicators

RSE

No

Both

SRF 551.3 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition (SRF 551.3)

Table 1 Estimated Order Of Asset Liquidation Under Liquidity Stress Condition

RSE

Only for Cash and Fixed Income Characteristics

Internally managed investment option

\n```\n\nReporting on an APRA-look through basis means:\n\n (a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;\n\n (b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and\n\n (c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\\[5\\]](#_ftn5) [\\[6\\]](#_ftn6)","sortOrder":62},{"sectionNumber":"Appendix B: Cash and Fixed Income Charac","sectionType":"part","heading":"Appendix B: Cash and Fixed Income Characteristics Hierarchy","content":"# Appendix B: Cash and Fixed Income Characteristics Hierarchy\n\nThe following table shows the hierarchical relationships between asset class characteristic 2 (reported in Reporting Standard SRS 550.0 Asset Allocation) and cash and fixed income characteristics (reported in Reporting Standard SRS 551.0 Liquidity)\n\n| Asset Class Sector Type | Asset Class Characteristic 2 | Cash And Fixed Income Characteristics |\n| ----------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------- |\n| Cash | Cash Cash At Bank | Cash Cash At Bank |\n| | Cash Term Deposit | Cash Term Deposit |\n| | Cash Short Term Bank Bills Or Securities | Cash Short Term Bank Bills Or Securities (other than NCDs)Negotiable Certificates of Deposit |\n| | Cash Cash Management Trust | Cash Cash Management Trust |\n| Fixed Income | Fixed Income Bonds Government CouponFixed Income Bonds Government Inflation-linkedFixed Income Bonds Government Other | Fixed Income Government/Semi-Government |\n| | Fixed Income Bonds CorporateFixed Income Asset Backed Commercial MortgageFixed Income Asset Backed Residential MortgageFixed Income Asset Backed OtherFixed Income Structured Non-Asset BackedFixed Income Mezzanine DebtFixed Income Enhanced CashFixed Income Term DepositFixed Income Bank Bills Or Securities | Fixed Income – Non-Government (other than Private Debt) |\n| | Fixed Income Private Debt | Fixed Income Private Debt |\n| | Fixed Income Other | Fixed Income Other |","sortOrder":63}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"This Reporting Standard stays within APRA’s data‑collection powers under the Financial Sector (Collection of Data) Act 2001 and the stated purpose of improving prudential supervision and publication (see Purpose ¶1). It increases the granularity and frequency of data collected from RSE licensees (more option‑level detail, stress assumptions, and ad‑hoc rapid requests), and imposes operational and audit obligations on reporting entities, but it does not expand APRA’s statutory authority beyond collecting liquidity‑related information. In other words, the scope has been deepened in terms of data granularity and timeliness, but not materially broadened beyond the original statutory aim of collecting prudential data."},"complexity_factors":["Four separate reporting forms (SRF 551.0, 551.1, 551.2, 551.3) with many tables and per‑table instructions","Extensive cross‑references to other reporting standards and forms (SRS 101.0 definitions; SRF 605.0/605.1; SRF 550.0) requiring data reconciliation across collections","Multiple conditional in‑scope rules (e.g. MySuper, Liquidity Provider flag, >=20% unlisted & >=$50m, 100% cash & >=$50m, 3% net flows & >=$50m) creating selection logic","Differing reporting levels (RSE level vs investment option level) and APRA \"look‑through\" reporting rules (Appendix A)","Multiple reporting cadences and bespoke due dates (quarterly with 40‑day lag, annual, first‑period exceptions, ad‑hoc within 28 or 7 days)","Quality control and assurance requirements (annual limited assurance engagement aligned to Auditing and Assurance Standards and SPS 310)","Detailed field‑level constraints (time buckets, exchange‑rate rules, rounding/precision rules, unique identifier primary keys)","APRA discretionary powers to change reporting frequency for particular RSEs and to request additional information (Notices; SRF 551.3)","Authorisation and retention mechanics (digital certificates, CEO/CFO authorisation, agent retention requirements)","Appendix B hierarchical classification (cash & fixed income characteristics) and many enumerated valid values across tables"],"plain_english_summary":"**What this instrument does (mechanics)\n\n- APRA has issued Reporting Standard SRS 551.0 (\"Liquidity\") under the Financial Sector (Collection of Data) Act 2001. The Standard requires registrable superannuation entity (RSE) licensees to deliver prescribed liquidity-related data to APRA in a set of reporting forms (SRF 551.0, SRF 551.1, SRF 551.2 and SRF 551.3).\n\n- The collection covers four main areas: liquidity supply (what can be converted to cash and how quickly), liquidity demand (member cash flows, investment calls, derivatives and FX exposures), liquidity trigger metrics/indicators (early-warning and limit breaches) and an estimated order of asset liquidation under a stress scenario.\n\n- Reporting is primarily quarterly (tables for quarter-ends) with one annual table (liquidity trigger indicators) and an on‑request stress liquidation table. There are set due dates (generally 40 calendar days after quarter end), an earlier first-submission deadline for some items, and strict short timeframes for ad-hoc/triggered requests (SRF 551.3: typically within 7 calendar days; ad-hoc SRF 551.2 updates within 28 days).\n\n**Who must report and which entities are in scope\n\n- Applies to each RSE licensee in respect of each RSE, defined-benefit RSE and pooled superannuation trust (PST) it operates (\"Application\" section). Small APRA funds and single-member approved deposit funds are excluded by definition of RSE.\n\n- Certain investment-option-level tables are required only for specific in‑scope options: those underlying MySuper products, those flagged as a liquidity provider, options with >=20% allocation to unlisted assets and at least $50 million in size, or options with 100% benchmark cash and at least $50 million (these selection rules are in the instruction text for SRF 551.0 and SRF 551.1).\n\n- Several tables apply only to internally managed investment options; others apply at the RSE level (Appendix A describes reporting levels and APRA \"look‑through\" reporting expectations).\n\n**Key required data and formats\n\n- SRF 551.0 (Liquidity Supply): time-to-cash buckets for assets, stressed liquidity values, and liquidity stress test date; investment-option granularity where relevant.\n- SRF 551.1 (Liquidity Demand): actual net member flows, estimated stressed net cash flows, investment-option cashflow details, foreign currency contract maturities, and identification of investment options with material net flows (>=3% of option value and >= $50m).\n- SRF 551.2 (Liquidity Event and Indicators): definitions of an entity's liquidity trigger metrics/indicators, and reporting when Level 1 / Level 2 early warnings or Level 3 limits are exceeded (including description and responses).\n- SRF 551.3 (Estimated Order of Asset Liquidation): APRA‑requested ranking of assets for sale under stress, planned liquidation timeframes, valuation haircuts and amounts (on request; short turnaround).\n\n- Data must be submitted electronically in specified formats, in whole dollars or defined numeric precision, and exchange‑rate conversion rules are specified. Officers or authorised agents must digitally sign submissions; if an agent submits on behalf of an RSE, the RSE must retain a copy.\n\n**Quality control, audit and authorisation\n\n- Information must come from systems, procedures and internal controls reviewed and tested by the RSE auditor. That review must occur at least annually and as a limited assurance engagement consistent with Auditing and Assurance Standards and Prudential Standard SPS 310 (\"Quality control\" section).\n- Submissions must be authorised by the CEO or CFO (or their delegates) and digitally signed.\n\n**How APRA will use the data and its discretion\n\n- APRA says the data will be used for prudential supervision and publication; it may also be shared with ASIC (\"Purpose\" section).\n- APRA can change reporting frequency for specific RSEs, request ad‑hoc SRF 551.3 reports, grant extensions, and make minor non‑substantive form changes (see \"Notices\", \"Reporting under SRF 551.3\", and \"Minor alterations\").\n\n**Why it matters (claimed purpose and practical mechanics)\n\n- APRA’s stated purpose is to improve supervision and enable publication of liquidity metrics (Purpose ¶1). Mechanically, the Standard gives APRA: (a) regular, granular visibility of how quickly funds and their investment options can be converted to cash; (b) information on actual and stressed cashflows and derivatives/FX exposures; and (c) contemporaneous notice if an entity’s internal liquidity triggers are breached.\n\n**Practical effects, costs and trade‑offs (tests of the stated purpose)\n\n- Who pays: RSE licensees (not APRA) bear the preparation cost. Costs are concrete: data extraction and mapping to APRA fields, maintaining consistent exchange‑rate treatments across returns, systems build for electronic submission and digital certificates, and auditor time to perform limited assurance reviews each year.\n\n- Concentrated compliance burden: the greatest burden falls on RSEs with many internally managed investment options, and on those with multiple options meeting the in‑scope criteria (e.g. >=20% unlisted and >= $50m). The $50m and 20% thresholds concentrate reporting obligations on mid‑to‑large options; small funds are largely excluded.\n\n- Incentives and behavioural effects: APRA publication and supervisory use could change RSE behaviour (e.g. higher emphasis on liquid assets, changes in redemption terms, or earlier sell‑downs). The mechanism is transparent reporting of liquidity profiles and trigger breaches to a regulator and potentially the public.\n\n- Audit and control costs: the requirement for auditor review (limited assurance) and internal attestations (CEO/CFO sign‑off) raises recurring external audit fees and internal governance costs.\n\n- APRA discretion and implementation risk: APRA may change reporting frequency or ask for SRF 551.3 with short notice. That creates operational risk (need for near‑real‑time readiness) and potential capacity constraints for smaller teams. The look‑through requirement (Appendix A) may require additional reconciliation with underlying managers and related parties.\n\n- Trade‑offs: APRA gains more frequent, granular visibility for supervision (lower information asymmetry). The trade‑off is higher direct compliance cost for regulated entities, possible pro‑cyclical reporting burdens in stressed markets (rapid ad‑hoc requests, short deadlines), and the need to align internal stress‑test assumptions to the reported fields (consistency risk).\n\n**Implementation and legal mechanics to watch\n\n- Cross‑references to other APRA forms and standards (SRS 101.0 for definitions; SRF 605.0/605.1 and SRF 550.0 for investment option flags/allocations) mean implementers must synchronise multiple data collections.\n- The Standard allows APRA to make minor technical edits without changing substance, but substantive changes require formal amendment (\"Minor alterations\" section).\n- Confidentiality and publication: APRA states data may be published; the Standard does not give a detailed publication policy here, so material may enter the public domain under APRA’s publication arrangements (Purpose ¶1).\n\n**Bottom line (mechanical summary)**\n\n- SRS 551.0 imposes a structured, recurring liquidity data collection on RSE licensees, with quarterly returns, a yearly trigger‑indicator return, and ad‑hoc/stress reporting on short notice. It shifts recurring data‑production, control and audit costs to RSE licensees while giving APRA granular, option‑level and stress‑scenario information for prudential supervision (see Purpose; Reporting periods; Quality control; SRF instructions)."},"kimi_summary":{"_metrics":{"completionTokens":610},"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"The legislation remains focused on its original purpose: liquidity reporting for superannuation entities. While detailed, the scope has not expanded beyond APRA's prudential supervision mandate for RSEs, defined benefit funds and PSTs."},"complexity_factors":["Multiple cross-referenced reporting forms (SRF 551.0-551.3) with different frequencies and due dates","Extensive defined terms referencing external standards (SRS 101.0, SRF 550.0, SRF 605.0, SRF 605.1, SPS 310)","Conditional reporting thresholds based on asset allocations ($50 million minimums, 20% unlisted asset tests, 3% net flow triggers)","Nested scope exclusions (multiple categories of investment options excluded from specific tables)","Multi-layered primary key structures in data tables (up to 5 fields forming composite keys)","Stress testing requirements that must align across multiple forms","Currency conversion rules with consistency requirements across all APRA submissions","Digital signature and authorisation requirements with CEO/CFO delegation chains"],"plain_english_summary":"APRA’s reporting standard requires RSE licensees (including defined benefit funds and pooled trusts) to regularly provide detailed liquidity information so regulators can assess whether funds can meet redemptions in normal and stressed conditions. Reports cover cash-convertible assets, expected outflows, stress indicators and contingency sale plans. Most submissions are quarterly, some annual, and breaches trigger rapid ad-hoc reporting; APRA can also request asset liquidation plans. The goal is to prevent freezes or fire-sales and support prudential and systemic stability."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2025/documents"}}