{"id":"F2007L02093","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2007 - MRS 140.1 - Investments - Direct Equity Holdings","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":67186,"registerId":"commonwealth-F2007L02093-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Form MRF 140.1","sectionType":"part","heading":"Reporting Form MRF 140.1","content":"# Reporting Form MRF 140.1\n\n# Investments – Direct Equity Holdings\n\n# Instruction Guide\n\n# Introduction\n\nThis form requires Medical Defence Organisations (MDOs) to report information about their investment profile.\n\nReporting Obligations\n\nMDOs are required to report on a half-yearly basis (that is, six-monthly intervals), based on their financial year.\n\nFor annual reporting, MDOs must lodge a form within four months of the end of their financial year. The information required on an annual basis must be reported as at the last day of the reporting period on a financial year-to-date basis of the MDO.\n\nFor half-yearly reporting (that is, the half-year that does not correspond with the MDO’s financial year end), MDOs must lodge a form within 20 business days of the end of that six-month period.\n\nAudit Requirements\n\nThis form must be subject to audit review and testing on an annual basis or more frequently, if necessary, to enable the auditor to form an opinion on the accuracy and reliability of the data. The auditor must provide a certificate to the MDO specifying whether, in their opinion, the data provided by the MDO are reliable. The MDO must submit this certificate to APRA on an annual basis.\n\n#### The scope and nature of audit testing required is outlined in the applicable Auditing and Assurance Guidance Statement issued by the Auditing and Assurance Standards Board\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided, where possible, in the instructions under the section headed ‘Specific Instructions’.\n\nBasis of Preparation\n\nUnit of Measurement\n\nThis form is to be prepared in thousands of Australian dollars (AUD). Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchanges Rates (AASB 121).\n\nAssets\n\nThe aggregate value of investments disclosed in the forms listed below must agree to the total of amounts reported as both current and non-current assets in items 3 and 8 Investments (relates to the MRF 140 series of forms) of MRF 300.0 Statement of Financial Position (MRF 300.0).\n\n-   MRF 140.0 Investments – Direct Interest Rate Holdings (MRF 140.0)\n-   MRF 140.1 Investments – Direct Equity Holdings (MRF 140.1)\n-   MRF 140.2 Investments – Direct Property Holdings (MRF 140.2)\n-   MRF 140.3 Investments – Loans and Advances (MRF 140.3)\n-   MRF 140.4 Investments – Assets Indirectly Held (MRF 140.4)\n\nHolding of units in unit trusts\n\nWhere the entity’s investments are represented by holdings of units in unlisted or listed managed investment vehicles/entities, the following reporting is required:\n\n-   Units are to be reported in MRF 140.4. This form requires, amongst other things, disclosure of the value of the unit holding according to the nature of the underlying market exposure (i.e. interest rate related, equity related, property related). If the units are held in a diversified or balanced trust, the investment holding is to be disclosed in accordance with the fund’s advised asset allocation.\n-   Holdings must be disclosed as unlisted or listed units.\n\nSecurities purchased (sold) under agreements to resell (repurchase) and stock lending/borrowing\n\nReporting for the purposes of this form is to be consistent with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139)\n\nWhere the transferee of the security effectively receives a lender’s rate of return or a return that does not correlate with ownership of the securities (i.e. the risks and rewards of ownership of the underlying securities are not effectively transferred), these transactions are to be accounted for as collateralised borrowing or lending activities.\n\nUnder this method of accounting for transactions that satisfy the above, do not adjust (i.e. increase or decrease) the physical investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.\n\nSecurities transacted not settled (i.e. trade date accounting)\n\nInclude market-related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlement periods. Such securities are to be included in the MRF 140 series. These do not constitute forward asset purchases for the purposes of MRF 130.0 Off-Balance Sheet Business – Direct Credit Substitutes Provided (MRF 130.0).\n\nRelated party/entity\n\nRelated parties/entities are to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124) .\n\nParent\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific Instructions\n\n1.  Equity securities listed on the primary board of the Australian Stock Exchange (ASX)\n\nReport all equity securities listed on the ASX at fair value. This section relates only to equity securities that are listed on the ASX. Do not include in this section equity securities that are owned by the MDO and listed on recognised stock exchanges in other countries outside of Australia.\n\nInclude:\n\n-   preference shares;\n-   securities (stock) lent or sold under repurchase agreements; and\n-   Equity securities that are listed on the Australian stock exchange.\n\nExclude:\n\n-   rights, options and warrants; include these as financial derivatives in MRF 160.0 Derivative Activity (MRF 160.0);\n-   equity in non-Australian resident companies listed on the ASX (report these assets as unlisted equity at item 4);\n-   securities borrowed or purchased under resale agreements; and\n-   equity securities listed on recognised stock exchanges in other countries outside of Australia.\n\n1.1 Authorised Deposit-taking Institutions (ADIs)\n\nBanks refers to ADIs, in relation to which an authority under subsection 9(3) is in force and which hold a consent under section 66 of the Banking Act to use the word bank.\n\nInclude:\n\n-   Development banks; and\n-   Foreign banks licensed to operate in Australia under the Banking Act\n\nExclude:\n\n-   Merchant banks (record as Other).\n\nADIs refer to corporations, which have an authority under subsection 9(3) in force, but which do not hold a consent under section 66 under the Banking Act to use the word bank. These include Building Societies and Credit unions.\n\nExclude:\n\nHolding of securities issued by Finance Corporations, these are included under Registered Financial Corporations (RFC).\n\n1.2 General insurers\n\nIncludes corporations that provide general insurance (e.g. fire, accident, employer liability, public liability, household, marine).\n\n1.3 Private trading corporations\n\nInclude Intra group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 and parent companies with significant holdings of shares in private trading companies.\n\n1.4 Australian Commonwealth government corporations\n\nTrading enterprises owned by the Commonwealth are those businesses, which are owned and controlled by the Australian Commonwealth Government.\n\nInclude:\n\nAll resident trading enterprises owned 50% or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree or regulation.\n\n1.5 RFCs\n\nRegistered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D or Other. A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification are available on the APRA website.\n\nInclude:\n\n-   Money market corporations (D); and\n-   Other (formerly categories E, F and G).\n\nExclude:\n\n-   Intra group financiers and retailers registered under Financial Sector (Collection of Data) Act 2001.\n-   Cash management trusts (Note: cash management trusts are to be reported in MRF 140.4).\n\n1.6 Other\n\nReport equity securities that are not specifically included in the categories listed above.\n\n2. Equity securities not listed on the primary board of the ASX or are unlisted\n\nReport equity securities at fair value.\n\nInclude:\n\n-   unlisted preference shares;\n-   equity in unlisted Australian resident companies;\n-   listed and unlisted equity securities in non-Australian resident companies listed on the ASX;\n-   equity securities of non-Australian resident companies listed on overseas stock exchanges; and\n-   securities (stock) lent or sold under repurchase agreements.\n\nExclude:\n\n-   options and warrants;\n-   securities borrowed or purchased under resale agreements, where the transaction does not effectively result in the transfer of the rights of ownership of the securities; and\n-   units in unlisted unit trusts (report these in MRF 140.4).\n\nNote: cash management trusts are to be included in MRF 140.4.\n\n3. Equity securities listed on the primary board of a stock exchange\n\nReport the total of 1.1 – 1.6 at this item.\n\n4. Equity securities not listed on the primary board of a stock exchange or are unlisted\n\nReport the total of 2.1 – 2.6 at this item.\n\n5. Total direct equity investments classified into the following\n\n5.1 Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as current assets in accordance with the Australian Accounting Standards.\n\n5.2 Non-Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as non-current assets in accordance with the Australian Accounting Standards.\n\n6. Total direct equity investments which are:\n\n6.1 Denominated in a currency other than the Australian currency\n\nReport the aggregate balance of equity investments that are denominated in a currency other than the Australian currency.\n\n6.2 Investment/holdings in:\n\nReport holdings of equity securities in accordance with the following categories detailed on the form:\n\n-   6.2.1 Own equity instruments\n-   6.2.2. Parent entity\n-   6.2.3. Controlled entities / controlled entities of the parent\n-   6.2.4 Associates / Joint Ventures\n-   6.2.5 Other related parties.","sortOrder":0},{"sectionNumber":"Investments — Direct Equity Holdings","sectionType":"part","heading":"Investments — Direct Equity Holdings","content":"# Reporting Form MRF 140.1\n\n# Investments – Direct Equity Holdings\n\n# Instruction Guide\n\n# Introduction\n\nThis form requires Medical Defence Organisations (MDOs) to report information about their investment profile.\n\nReporting Obligations\n\nMDOs are required to report on a half-yearly basis (that is, six-monthly intervals), based on their financial year.\n\nFor annual reporting, MDOs must lodge a form within four months of the end of their financial year. The information required on an annual basis must be reported as at the last day of the reporting period on a financial year-to-date basis of the MDO.\n\nFor half-yearly reporting (that is, the half-year that does not correspond with the MDO’s financial year end), MDOs must lodge a form within 20 business days of the end of that six-month period.\n\nAudit Requirements\n\nThis form must be subject to audit review and testing on an annual basis or more frequently, if necessary, to enable the auditor to form an opinion on the accuracy and reliability of the data. The auditor must provide a certificate to the MDO specifying whether, in their opinion, the data provided by the MDO are reliable. The MDO must submit this certificate to APRA on an annual basis.\n\n#### The scope and nature of audit testing required is outlined in the applicable Auditing and Assurance Guidance Statement issued by the Auditing and Assurance Standards Board\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided, where possible, in the instructions under the section headed ‘Specific Instructions’.\n\nBasis of Preparation\n\nUnit of Measurement\n\nThis form is to be prepared in thousands of Australian dollars (AUD). Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchanges Rates (AASB 121).\n\nAssets\n\nThe aggregate value of investments disclosed in the forms listed below must agree to the total of amounts reported as both current and non-current assets in items 3 and 8 Investments (relates to the MRF 140 series of forms) of MRF 300.0 Statement of Financial Position (MRF 300.0).\n\n-   MRF 140.0 Investments – Direct Interest Rate Holdings (MRF 140.0)\n-   MRF 140.1 Investments – Direct Equity Holdings (MRF 140.1)\n-   MRF 140.2 Investments – Direct Property Holdings (MRF 140.2)\n-   MRF 140.3 Investments – Loans and Advances (MRF 140.3)\n-   MRF 140.4 Investments – Assets Indirectly Held (MRF 140.4)\n\nHolding of units in unit trusts\n\nWhere the entity’s investments are represented by holdings of units in unlisted or listed managed investment vehicles/entities, the following reporting is required:\n\n-   Units are to be reported in MRF 140.4. This form requires, amongst other things, disclosure of the value of the unit holding according to the nature of the underlying market exposure (i.e. interest rate related, equity related, property related). If the units are held in a diversified or balanced trust, the investment holding is to be disclosed in accordance with the fund’s advised asset allocation.\n-   Holdings must be disclosed as unlisted or listed units.\n\nSecurities purchased (sold) under agreements to resell (repurchase) and stock lending/borrowing\n\nReporting for the purposes of this form is to be consistent with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139)\n\nWhere the transferee of the security effectively receives a lender’s rate of return or a return that does not correlate with ownership of the securities (i.e. the risks and rewards of ownership of the underlying securities are not effectively transferred), these transactions are to be accounted for as collateralised borrowing or lending activities.\n\nUnder this method of accounting for transactions that satisfy the above, do not adjust (i.e. increase or decrease) the physical investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.\n\nSecurities transacted not settled (i.e. trade date accounting)\n\nInclude market-related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlement periods. Such securities are to be included in the MRF 140 series. These do not constitute forward asset purchases for the purposes of MRF 130.0 Off-Balance Sheet Business – Direct Credit Substitutes Provided (MRF 130.0).\n\nRelated party/entity\n\nRelated parties/entities are to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124) .\n\nParent\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific Instructions\n\n1.  Equity securities listed on the primary board of the Australian Stock Exchange (ASX)\n\nReport all equity securities listed on the ASX at fair value. This section relates only to equity securities that are listed on the ASX. Do not include in this section equity securities that are owned by the MDO and listed on recognised stock exchanges in other countries outside of Australia.\n\nInclude:\n\n-   preference shares;\n-   securities (stock) lent or sold under repurchase agreements; and\n-   Equity securities that are listed on the Australian stock exchange.\n\nExclude:\n\n-   rights, options and warrants; include these as financial derivatives in MRF 160.0 Derivative Activity (MRF 160.0);\n-   equity in non-Australian resident companies listed on the ASX (report these assets as unlisted equity at item 4);\n-   securities borrowed or purchased under resale agreements; and\n-   equity securities listed on recognised stock exchanges in other countries outside of Australia.\n\n1.1 Authorised Deposit-taking Institutions (ADIs)\n\nBanks refers to ADIs, in relation to which an authority under subsection 9(3) is in force and which hold a consent under section 66 of the Banking Act to use the word bank.\n\nInclude:\n\n-   Development banks; and\n-   Foreign banks licensed to operate in Australia under the Banking Act\n\nExclude:\n\n-   Merchant banks (record as Other).\n\nADIs refer to corporations, which have an authority under subsection 9(3) in force, but which do not hold a consent under section 66 under the Banking Act to use the word bank. These include Building Societies and Credit unions.\n\nExclude:\n\nHolding of securities issued by Finance Corporations, these are included under Registered Financial Corporations (RFC).\n\n1.2 General insurers\n\nIncludes corporations that provide general insurance (e.g. fire, accident, employer liability, public liability, household, marine).\n\n1.3 Private trading corporations\n\nInclude Intra group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 and parent companies with significant holdings of shares in private trading companies.\n\n1.4 Australian Commonwealth government corporations\n\nTrading enterprises owned by the Commonwealth are those businesses, which are owned and controlled by the Australian Commonwealth Government.\n\nInclude:\n\nAll resident trading enterprises owned 50% or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree or regulation.\n\n1.5 RFCs\n\nRegistered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D or Other. A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification are available on the APRA website.\n\nInclude:\n\n-   Money market corporations (D); and\n-   Other (formerly categories E, F and G).\n\nExclude:\n\n-   Intra group financiers and retailers registered under Financial Sector (Collection of Data) Act 2001.\n-   Cash management trusts (Note: cash management trusts are to be reported in MRF 140.4).\n\n1.6 Other\n\nReport equity securities that are not specifically included in the categories listed above.\n\n2. Equity securities not listed on the primary board of the ASX or are unlisted\n\nReport equity securities at fair value.\n\nInclude:\n\n-   unlisted preference shares;\n-   equity in unlisted Australian resident companies;\n-   listed and unlisted equity securities in non-Australian resident companies listed on the ASX;\n-   equity securities of non-Australian resident companies listed on overseas stock exchanges; and\n-   securities (stock) lent or sold under repurchase agreements.\n\nExclude:\n\n-   options and warrants;\n-   securities borrowed or purchased under resale agreements, where the transaction does not effectively result in the transfer of the rights of ownership of the securities; and\n-   units in unlisted unit trusts (report these in MRF 140.4).\n\nNote: cash management trusts are to be included in MRF 140.4.\n\n3. Equity securities listed on the primary board of a stock exchange\n\nReport the total of 1.1 – 1.6 at this item.\n\n4. Equity securities not listed on the primary board of a stock exchange or are unlisted\n\nReport the total of 2.1 – 2.6 at this item.\n\n5. Total direct equity investments classified into the following\n\n5.1 Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as current assets in accordance with the Australian Accounting Standards.\n\n5.2 Non-Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as non-current assets in accordance with the Australian Accounting Standards.\n\n6. Total direct equity investments which are:\n\n6.1 Denominated in a currency other than the Australian currency\n\nReport the aggregate balance of equity investments that are denominated in a currency other than the Australian currency.\n\n6.2 Investment/holdings in:\n\nReport holdings of equity securities in accordance with the following categories detailed on the form:\n\n-   6.2.1 Own equity instruments\n-   6.2.2. Parent entity\n-   6.2.3. Controlled entities / controlled entities of the parent\n-   6.2.4 Associates / Joint Ventures\n-   6.2.5 Other related parties.","sortOrder":1},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Reporting Form MRF 140.1\n\n# Investments – Direct Equity Holdings\n\n# Instruction Guide\n\n# Introduction\n\nThis form requires Medical Defence Organisations (MDOs) to report information about their investment profile.\n\nReporting Obligations\n\nMDOs are required to report on a half-yearly basis (that is, six-monthly intervals), based on their financial year.\n\nFor annual reporting, MDOs must lodge a form within four months of the end of their financial year. The information required on an annual basis must be reported as at the last day of the reporting period on a financial year-to-date basis of the MDO.\n\nFor half-yearly reporting (that is, the half-year that does not correspond with the MDO’s financial year end), MDOs must lodge a form within 20 business days of the end of that six-month period.\n\nAudit Requirements\n\nThis form must be subject to audit review and testing on an annual basis or more frequently, if necessary, to enable the auditor to form an opinion on the accuracy and reliability of the data. The auditor must provide a certificate to the MDO specifying whether, in their opinion, the data provided by the MDO are reliable. The MDO must submit this certificate to APRA on an annual basis.\n\n#### The scope and nature of audit testing required is outlined in the applicable Auditing and Assurance Guidance Statement issued by the Auditing and Assurance Standards Board\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided, where possible, in the instructions under the section headed ‘Specific Instructions’.\n\nBasis of Preparation\n\nUnit of Measurement\n\nThis form is to be prepared in thousands of Australian dollars (AUD). Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchanges Rates (AASB 121).\n\nAssets\n\nThe aggregate value of investments disclosed in the forms listed below must agree to the total of amounts reported as both current and non-current assets in items 3 and 8 Investments (relates to the MRF 140 series of forms) of MRF 300.0 Statement of Financial Position (MRF 300.0).\n\n-   MRF 140.0 Investments – Direct Interest Rate Holdings (MRF 140.0)\n-   MRF 140.1 Investments – Direct Equity Holdings (MRF 140.1)\n-   MRF 140.2 Investments – Direct Property Holdings (MRF 140.2)\n-   MRF 140.3 Investments – Loans and Advances (MRF 140.3)\n-   MRF 140.4 Investments – Assets Indirectly Held (MRF 140.4)\n\nHolding of units in unit trusts\n\nWhere the entity’s investments are represented by holdings of units in unlisted or listed managed investment vehicles/entities, the following reporting is required:\n\n-   Units are to be reported in MRF 140.4. This form requires, amongst other things, disclosure of the value of the unit holding according to the nature of the underlying market exposure (i.e. interest rate related, equity related, property related). If the units are held in a diversified or balanced trust, the investment holding is to be disclosed in accordance with the fund’s advised asset allocation.\n-   Holdings must be disclosed as unlisted or listed units.\n\nSecurities purchased (sold) under agreements to resell (repurchase) and stock lending/borrowing\n\nReporting for the purposes of this form is to be consistent with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139)\n\nWhere the transferee of the security effectively receives a lender’s rate of return or a return that does not correlate with ownership of the securities (i.e. the risks and rewards of ownership of the underlying securities are not effectively transferred), these transactions are to be accounted for as collateralised borrowing or lending activities.\n\nUnder this method of accounting for transactions that satisfy the above, do not adjust (i.e. increase or decrease) the physical investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.\n\nSecurities transacted not settled (i.e. trade date accounting)\n\nInclude market-related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlement periods. Such securities are to be included in the MRF 140 series. These do not constitute forward asset purchases for the purposes of MRF 130.0 Off-Balance Sheet Business – Direct Credit Substitutes Provided (MRF 130.0).\n\nRelated party/entity\n\nRelated parties/entities are to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124) .\n\nParent\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific Instructions\n\n1.  Equity securities listed on the primary board of the Australian Stock Exchange (ASX)\n\nReport all equity securities listed on the ASX at fair value. This section relates only to equity securities that are listed on the ASX. Do not include in this section equity securities that are owned by the MDO and listed on recognised stock exchanges in other countries outside of Australia.\n\nInclude:\n\n-   preference shares;\n-   securities (stock) lent or sold under repurchase agreements; and\n-   Equity securities that are listed on the Australian stock exchange.\n\nExclude:\n\n-   rights, options and warrants; include these as financial derivatives in MRF 160.0 Derivative Activity (MRF 160.0);\n-   equity in non-Australian resident companies listed on the ASX (report these assets as unlisted equity at item 4);\n-   securities borrowed or purchased under resale agreements; and\n-   equity securities listed on recognised stock exchanges in other countries outside of Australia.\n\n1.1 Authorised Deposit-taking Institutions (ADIs)\n\nBanks refers to ADIs, in relation to which an authority under subsection 9(3) is in force and which hold a consent under section 66 of the Banking Act to use the word bank.\n\nInclude:\n\n-   Development banks; and\n-   Foreign banks licensed to operate in Australia under the Banking Act\n\nExclude:\n\n-   Merchant banks (record as Other).\n\nADIs refer to corporations, which have an authority under subsection 9(3) in force, but which do not hold a consent under section 66 under the Banking Act to use the word bank. These include Building Societies and Credit unions.\n\nExclude:\n\nHolding of securities issued by Finance Corporations, these are included under Registered Financial Corporations (RFC).\n\n1.2 General insurers\n\nIncludes corporations that provide general insurance (e.g. fire, accident, employer liability, public liability, household, marine).\n\n1.3 Private trading corporations\n\nInclude Intra group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 and parent companies with significant holdings of shares in private trading companies.\n\n1.4 Australian Commonwealth government corporations\n\nTrading enterprises owned by the Commonwealth are those businesses, which are owned and controlled by the Australian Commonwealth Government.\n\nInclude:\n\nAll resident trading enterprises owned 50% or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree or regulation.\n\n1.5 RFCs\n\nRegistered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D or Other. A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification are available on the APRA website.\n\nInclude:\n\n-   Money market corporations (D); and\n-   Other (formerly categories E, F and G).\n\nExclude:\n\n-   Intra group financiers and retailers registered under Financial Sector (Collection of Data) Act 2001.\n-   Cash management trusts (Note: cash management trusts are to be reported in MRF 140.4).\n\n1.6 Other\n\nReport equity securities that are not specifically included in the categories listed above.\n\n2. Equity securities not listed on the primary board of the ASX or are unlisted\n\nReport equity securities at fair value.\n\nInclude:\n\n-   unlisted preference shares;\n-   equity in unlisted Australian resident companies;\n-   listed and unlisted equity securities in non-Australian resident companies listed on the ASX;\n-   equity securities of non-Australian resident companies listed on overseas stock exchanges; and\n-   securities (stock) lent or sold under repurchase agreements.\n\nExclude:\n\n-   options and warrants;\n-   securities borrowed or purchased under resale agreements, where the transaction does not effectively result in the transfer of the rights of ownership of the securities; and\n-   units in unlisted unit trusts (report these in MRF 140.4).\n\nNote: cash management trusts are to be included in MRF 140.4.\n\n3. Equity securities listed on the primary board of a stock exchange\n\nReport the total of 1.1 – 1.6 at this item.\n\n4. Equity securities not listed on the primary board of a stock exchange or are unlisted\n\nReport the total of 2.1 – 2.6 at this item.\n\n5. Total direct equity investments classified into the following\n\n5.1 Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as current assets in accordance with the Australian Accounting Standards.\n\n5.2 Non-Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as non-current assets in accordance with the Australian Accounting Standards.\n\n6. Total direct equity investments which are:\n\n6.1 Denominated in a currency other than the Australian currency\n\nReport the aggregate balance of equity investments that are denominated in a currency other than the Australian currency.\n\n6.2 Investment/holdings in:\n\nReport holdings of equity securities in accordance with the following categories detailed on the form:\n\n-   6.2.1 Own equity instruments\n-   6.2.2. Parent entity\n-   6.2.3. Controlled entities / controlled entities of the parent\n-   6.2.4 Associates / Joint Ventures\n-   6.2.5 Other related parties.","sortOrder":2},{"sectionNumber":"Introduction","sectionType":"part","heading":"Introduction","content":"# Introduction\n\nThis form requires Medical Defence Organisations (MDOs) to report information about their investment profile.\n\nReporting Obligations\n\nMDOs are required to report on a half-yearly basis (that is, six-monthly intervals), based on their financial year.\n\nFor annual reporting, MDOs must lodge a form within four months of the end of their financial year. The information required on an annual basis must be reported as at the last day of the reporting period on a financial year-to-date basis of the MDO.\n\nFor half-yearly reporting (that is, the half-year that does not correspond with the MDO’s financial year end), MDOs must lodge a form within 20 business days of the end of that six-month period.\n\nAudit Requirements\n\nThis form must be subject to audit review and testing on an annual basis or more frequently, if necessary, to enable the auditor to form an opinion on the accuracy and reliability of the data. The auditor must provide a certificate to the MDO specifying whether, in their opinion, the data provided by the MDO are reliable. The MDO must submit this certificate to APRA on an annual basis.","sortOrder":3},{"sectionNumber":"The scope and nature of audit testing re","sectionType":"subdivision","heading":"The scope and nature of audit testing required is outlined in the applicable Auditing and Assurance Guidance Statement issued by the Auditing and Assurance Standards Board","content":"#### The scope and nature of audit testing required is outlined in the applicable Auditing and Assurance Guidance Statement issued by the Auditing and Assurance Standards Board\n\nDefinitions\n\nDefinitions for data reporting items required by this form have been provided, where possible, in the instructions under the section headed ‘Specific Instructions’.\n\nBasis of Preparation\n\nUnit of Measurement\n\nThis form is to be prepared in thousands of Australian dollars (AUD). Amounts denominated in a currency other than Australian currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchanges Rates (AASB 121).\n\nAssets\n\nThe aggregate value of investments disclosed in the forms listed below must agree to the total of amounts reported as both current and non-current assets in items 3 and 8 Investments (relates to the MRF 140 series of forms) of MRF 300.0 Statement of Financial Position (MRF 300.0).\n\n-   MRF 140.0 Investments – Direct Interest Rate Holdings (MRF 140.0)\n-   MRF 140.1 Investments – Direct Equity Holdings (MRF 140.1)\n-   MRF 140.2 Investments – Direct Property Holdings (MRF 140.2)\n-   MRF 140.3 Investments – Loans and Advances (MRF 140.3)\n-   MRF 140.4 Investments – Assets Indirectly Held (MRF 140.4)\n\nHolding of units in unit trusts\n\nWhere the entity’s investments are represented by holdings of units in unlisted or listed managed investment vehicles/entities, the following reporting is required:\n\n-   Units are to be reported in MRF 140.4. This form requires, amongst other things, disclosure of the value of the unit holding according to the nature of the underlying market exposure (i.e. interest rate related, equity related, property related). If the units are held in a diversified or balanced trust, the investment holding is to be disclosed in accordance with the fund’s advised asset allocation.\n-   Holdings must be disclosed as unlisted or listed units.\n\nSecurities purchased (sold) under agreements to resell (repurchase) and stock lending/borrowing\n\nReporting for the purposes of this form is to be consistent with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139)\n\nWhere the transferee of the security effectively receives a lender’s rate of return or a return that does not correlate with ownership of the securities (i.e. the risks and rewards of ownership of the underlying securities are not effectively transferred), these transactions are to be accounted for as collateralised borrowing or lending activities.\n\nUnder this method of accounting for transactions that satisfy the above, do not adjust (i.e. increase or decrease) the physical investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.\n\nSecurities transacted not settled (i.e. trade date accounting)\n\nInclude market-related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlement periods. Such securities are to be included in the MRF 140 series. These do not constitute forward asset purchases for the purposes of MRF 130.0 Off-Balance Sheet Business – Direct Credit Substitutes Provided (MRF 130.0).\n\nRelated party/entity\n\nRelated parties/entities are to be interpreted in accordance with AASB 124 Related Party Disclosures (AASB 124) .\n\nParent\n\nParent entity is to be interpreted in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127).\n\nSubsidiaries\n\nSubsidiaries are to be interpreted in accordance with AASB 127.\n\nAssociates\n\nAssociates are to be interpreted in accordance with AASB 128 Investments in Associates (AASB 128).\n\nJoint ventures\n\nJoint ventures are to be interpreted in accordance with AASB 131 Interests in Joint Ventures (AASB 131).\n\nSpecific Instructions\n\n1.  Equity securities listed on the primary board of the Australian Stock Exchange (ASX)\n\nReport all equity securities listed on the ASX at fair value. This section relates only to equity securities that are listed on the ASX. Do not include in this section equity securities that are owned by the MDO and listed on recognised stock exchanges in other countries outside of Australia.\n\nInclude:\n\n-   preference shares;\n-   securities (stock) lent or sold under repurchase agreements; and\n-   Equity securities that are listed on the Australian stock exchange.\n\nExclude:\n\n-   rights, options and warrants; include these as financial derivatives in MRF 160.0 Derivative Activity (MRF 160.0);\n-   equity in non-Australian resident companies listed on the ASX (report these assets as unlisted equity at item 4);\n-   securities borrowed or purchased under resale agreements; and\n-   equity securities listed on recognised stock exchanges in other countries outside of Australia.\n\n1.1 Authorised Deposit-taking Institutions (ADIs)\n\nBanks refers to ADIs, in relation to which an authority under subsection 9(3) is in force and which hold a consent under section 66 of the Banking Act to use the word bank.\n\nInclude:\n\n-   Development banks; and\n-   Foreign banks licensed to operate in Australia under the Banking Act\n\nExclude:\n\n-   Merchant banks (record as Other).\n\nADIs refer to corporations, which have an authority under subsection 9(3) in force, but which do not hold a consent under section 66 under the Banking Act to use the word bank. These include Building Societies and Credit unions.\n\nExclude:\n\nHolding of securities issued by Finance Corporations, these are included under Registered Financial Corporations (RFC).\n\n1.2 General insurers\n\nIncludes corporations that provide general insurance (e.g. fire, accident, employer liability, public liability, household, marine).\n\n1.3 Private trading corporations\n\nInclude Intra group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 and parent companies with significant holdings of shares in private trading companies.\n\n1.4 Australian Commonwealth government corporations\n\nTrading enterprises owned by the Commonwealth are those businesses, which are owned and controlled by the Australian Commonwealth Government.\n\nInclude:\n\nAll resident trading enterprises owned 50% or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree or regulation.\n\n1.5 RFCs\n\nRegistered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D or Other. A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification are available on the APRA website.\n\nInclude:\n\n-   Money market corporations (D); and\n-   Other (formerly categories E, F and G).\n\nExclude:\n\n-   Intra group financiers and retailers registered under Financial Sector (Collection of Data) Act 2001.\n-   Cash management trusts (Note: cash management trusts are to be reported in MRF 140.4).\n\n1.6 Other\n\nReport equity securities that are not specifically included in the categories listed above.\n\n2. Equity securities not listed on the primary board of the ASX or are unlisted\n\nReport equity securities at fair value.\n\nInclude:\n\n-   unlisted preference shares;\n-   equity in unlisted Australian resident companies;\n-   listed and unlisted equity securities in non-Australian resident companies listed on the ASX;\n-   equity securities of non-Australian resident companies listed on overseas stock exchanges; and\n-   securities (stock) lent or sold under repurchase agreements.\n\nExclude:\n\n-   options and warrants;\n-   securities borrowed or purchased under resale agreements, where the transaction does not effectively result in the transfer of the rights of ownership of the securities; and\n-   units in unlisted unit trusts (report these in MRF 140.4).\n\nNote: cash management trusts are to be included in MRF 140.4.\n\n3. Equity securities listed on the primary board of a stock exchange\n\nReport the total of 1.1 – 1.6 at this item.\n\n4. Equity securities not listed on the primary board of a stock exchange or are unlisted\n\nReport the total of 2.1 – 2.6 at this item.\n\n5. Total direct equity investments classified into the following\n\n5.1 Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as current assets in accordance with the Australian Accounting Standards.\n\n5.2 Non-Current Assets\n\nDisclose that component of the total direct equity investments of the MDO that are classified as non-current assets in accordance with the Australian Accounting Standards.\n\n6. Total direct equity investments which are:\n\n6.1 Denominated in a currency other than the Australian currency\n\nReport the aggregate balance of equity investments that are denominated in a currency other than the Australian currency.\n\n6.2 Investment/holdings in:\n\nReport holdings of equity securities in accordance with the following categories detailed on the form:\n\n-   6.2.1 Own equity instruments\n-   6.2.2. Parent entity\n-   6.2.3. Controlled entities / controlled entities of the parent\n-   6.2.4 Associates / Joint Ventures\n-   6.2.5 Other related parties.","sortOrder":4}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2223},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The legislation maintains its original scope as a targeted prudential reporting standard for Medical Defence Organisations' direct equity investments. It does not appear to have expanded beyond its initial purpose of collecting granular investment portfolio data for supervisory oversight."},"complexity_factors":["Cross-references to 7 other reporting forms (MRF 140.0, 140.2, 140.3, 140.4, MRF 300.0, MRF 160.0, MRF 130.0)","References to 6 different Australian Accounting Standards (AASB 121, 124, 127, 128, 131, 139)","Granular categorization scheme with specific inclusions/exclusions (e.g., merchant banks treated as 'Other' while foreign banks are separate)","Complex treatment of repurchase agreements and stock lending/borrowing based on transfer of ownership risks","Reconciliation requirements between investment holdings and financial position statements","Dual classification requirements (current vs non-current assets, listed vs unlisted, currency denomination)"],"plain_english_summary":"Medical Defence Organisations must report detailed direct equity holdings and related-party and foreign investments to APRA, with semi‑annual submissions valued at fair market value and an annual independent audit.  \n\nThe rule affects MDOs’ investment disclosure and lets APRA monitor their asset risk and solvency so insurers holding medical indemnity remain financially resilient to cover malpractice claims."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-7-of-2007-mrs-140-1-investme/documents"}}