{"id":"F2013L00952","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 87 of 2013 - SRS 601.0 - Profile and Structure (RSE)","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":90671,"registerId":"commonwealth-F2013L00952-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 87 of 2013 - SRS 601.0 - Profile and Structure (RSE)","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 87 of 2013\n\nReporting Standard SRS 601.0 Profile and Structure (RSE)\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Steven John Davies, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard SRS 601.0 Profile and Structure (RSE), in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of the reporting standard.\n\nUnder section 15 of the Act, I DECLARE that the reporting standard applies to those financial sector entities on and after 1 July 2013.\n\nThis instrument commences on the date of registration on the Federal Register of Legislative Instruments.\n\nDated: 3 June 2013\n\n\\[signed\\]\n\nSteven John Davies\n\nGeneral Manager\n\nStatistics\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nfinancial sector entity has the meaning given by section 5 of the Act.\n\n \nSchedule\n\nReporting Standard SRS 601.0 Profile and Structure (RSE) comprises the 13 pages commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard SRS 601.0\n\nProfile and Structure (RSE)\n\nObjective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to the profile and structure of a registrable superannuation entity\n\nIt includes Form SRF 601.0 Profile and Structure (RSE) and associated specific instructions.\n\nAuthority\n\n1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nPurpose\n\n2. Information collected in Form SRF 601.0 Profile and Structure (RSE) (SRF 601.0) is used by APRA for the purposes of prudential supervision and publication.\n\nApplication and commencement\n\n3. This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF) within its business operations.[\\[1\\]](#_ftn1)\n\n4. This Reporting Standard applies for reporting periods ending on or after 1 July 2013.\n\nInformation required\n\n5. An RSE licensee to which this Reporting Standard applies must provide APRA with the information required by SRF 601.0 in respect of each reporting period.\n\nForms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic format using the ‘Direct to APRA’ application or, where ‘Direct to APRA’ is not available, by a method notified by APRA, in writing, prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\nReporting periods and due dates\n\n7. Subject to paragraph 8, an RSE licensee to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each year of income of each RSE, defined benefit RSE, PST or ERF within its business operations.\n\n8. If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 7, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST or ERF.\n\n9. The information required by this Reporting Standard must be provided to APRA:\n\n(a) for reporting periods ending on or after 1 July 2013 but before 1 July 2015 – within four months after the end of the year of income to which the information relates;\n\n(b) for reporting periods ending on or after 1 July 2015 – within three months after the end of the year of income to which the information relates; and\n\n(c) in the case of information provided in accordance with paragraph 8, within the time specified by notice in writing.\n\n10. APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\nQuality control\n\n11. The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE, PST or ERF to which the information relates.[\\[2\\]](#_ftn2) This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of SPS 310.\n\n12. 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 and procedures for the authorisation of information submitted to APRA is in place.\n\nAuthorisation\n\n13. When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using the ‘Direct to APRA’ software, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n14. If the information required by this Reporting Standard is provided by an agent who submits using the ‘Direct to APRA’ software on the RSE licensee’s behalf, the RSE licensee must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n15. An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, on behalf of, the RSE licensee must be authorised by either:\n\n(a) the Chief Executive Officer of the RSE licensee; or\n\n(b) the Chief Financial Officer of the RSE licensee.\n\nVariations\n\n16. APRA may, by written notice to an RSE licensee, vary the reporting requirements of SRF 601.0 in relation to that RSE licensee or one or more RSEs, defined benefit RSEs, PSTs or ERFs within that RSE licensee’s business operations.\n\nInterpretation\n\n17. 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 means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10;\n\neligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act and, in relation to the period between 1 July 2013 and 31 December 2013, includes an existing ERF within the meaning given in section 391 of the SIS Act;\n\npooled superannuation trust (PST) has the meaning given in section 10(1) of the SIS Act;\n\nreporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 8;\n\nRSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4);\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard;\n\nRSE licensee has the meaning given in section 10(1) of the SIS Act;\n\nSIS Act means Superannuation Industry (Supervision) Act 1993; and\n\nyear of income has the meaning given in section 10(1) of the SIS Act.\n\n| SRF 601.0: Profile and Structure (RSE) |\n| -------------------------------------- |\n\n| Australian Business Number | Institution Name | |\n| -------------------------- | ---------------- | ----------------------- |\n| | | |\n| Reporting Period | Scale Factor | Reporting Consolidation |\n| | | |\n\n| In-house assets held by the RSE | |\n| -------------------------------------------------------------------- | --- |\n| 1.1. In-house assets for which the entity has an exemption from APRA | |\n\n| 2. Value of assets held in respect of standard employer-sponsored business | |\n| -------------------------------------------------------------------------- | --- |\n\n| 3. Standard employer-sponsor details |\n| ------------------------------------ |\n\n| Name | ABN | Member accounts | Members' benefits |\n| ---- | --- | --------------- | ----------------- |\n| (1) | (2) | (3) | (4) |\n| | | | |\n\n| 4. Defined benefit sub-funds |\n| ---------------------------- |\n\n| Identifier | Principal employer-sponsor name | Principal employer-sponsor ABN |\n| ---------- | ------------------------------- | ------------------------------ |\n| (1) | (2) | (3) |\n| | | |\n\n| 5. MySuper products |\n| ------------------- |\n\n```html\n

Principal employer-sponsor details (large-employer MySuper only)

MySuper identifier

URL

MySuper product type

Name

ABN

(1)

(2)

(3)

(4)

(5)

Generic MySuper product

Goodwill MySuper product

MySuper product for large employer sponsor

\n```\n\n| 6. Investment options |\n| --------------------- |\n\n| 6.1. How many investment options are offered? | |\n| --------------------------------------------- | --- |\n\n```html\n

6.2. Details of select investment options

Identifier

Member accounts

Members’ benefits

Date of last stress test

Defined benefit interests

Default option

(1)

(2)

(3)

(4)

(5)

(6)

Yes

Yes

No

No

\n```\n\n \n\n| 7. Reserving strategy - Investment strategy of each reserve |\n| ----------------------------------------------------------- |\n\n| Type of reserve | Identifier | Value |\n| ---------------------- | ---------- | ----- |\n| (1) | (2) | (3) |\n| ORFR reserve | | |\n| Investment reserve | | |\n| Self insurance reserve | | |\n| Administration reserve | | |\n| Other reserve | | |\n\n| 8. PST investor information |\n| --------------------------- |\n\n| Name | ABN | Amount held by PST investor | Associate |\n| ---- | --- | --------------------------- | --------- |\n| (1) | (2) | (3) | (4) |\n| | | | Yes |\n| | | | No |\n\nReporting Form SRF 601.0\n\nProfile and Structure (RSE)\n\nInstructions\n\nThese instructions assist completion of Reporting Form SRF 601.0 Profile and Structure (RSE) (SRF 601.0). SRF 601.0 collects information on the profile and structure of each registrable superannuation entity (RSE). The information reported in SRF 601.0 is required primarily for prudential and publication purposes.\n\nReporting level\n\nSRF 601.0 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST), eligible rollover fund (ERF) and MySuper product.\n\nReporting basis and unit of measurement\n\nReport all items on SRF 601.0 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nItems on SRF 601.0 must be reported as at the end of the reporting period.\n\nItems on SRF 601.0 are to be reported as thousands of dollars and percentages. Report percentages as a whole number to one decimal place, i.e. 10 per cent is to be reported as 10.0.\n\nThese instructions specify the unit of measurement that applies to each item.\n\nSpecific instructions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions.\n\nWhere the relevant organisation does not have an ABN, leave the ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.\n\nAssets information\n\nItem 1 to item 3 inclusive collect information about the assets held in respect of standard employer\\-sponsored business and in-house assets.\n\nUnit of measurement: report item 1, item 2 and item 3 column 4 as thousands of dollars; report item 3 column 3 as a whole number.\n\n| Item 1 | Report the value of in-house assets held by the RSE in item 1.Report the value of in-house assets held by the RSE for which the entity has an exemption from APRA in writing, in item 1.1 |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n| In-house assets held by the RSE | Represents in-house assets within the meaning given in Part 8 of the SIS Act. |\n| ------------------------------- | ----------------------------------------------------------------------------- |\n\n| Item 2 | Report the value of assets held in respect of standard employer-sponsor business in item 2. |\n| -------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Assets held in respect of standard employer sponsored business | Represents the value of members' benefits that are for standard employer-sponsor members of the fund within the meaning given in s. 16(5) of the SIS Act. |\n\n| Item 3 | Report information for the top 20 standard employer-sponsors of the RSE based on number of member accounts as separate lines in item 3.Report the name of the standard employer-sponsor in column 1.Report the ABN of the standard employer-sponsor in column 2.Report the number of member accounts related to the standard employer-sponsor in column 3.Report the value of members' benefits of those member accounts in column 4 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions. |\n| -------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| ABN | Represents an unique public identifier issued to an entity registered in the Australian Business Register to be used in dealings with government. A company registered under the Corporations Act 2001 or a business entity carrying on an enterprise in Australia is entitled to an ABN. |\n| Member account | Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism). |\n| Defined contribution members' benefits | Represents the present obligation to pay benefits to defined contribution members and beneficiaries. Reference: Australian Accounting Standards. |\n| Defined benefit members' benefits | Represents the present value of expected future benefit payments to defined benefit members and beneficiaries arising from membership, measured using actuarial assumptions and valuations where appropriate. Reference: Australian Accounting Standards. |\n| Unallocated contributions | Represents contributions received but not yet allocated to specific member accounts or reserves. Reference: Australian Accounting Standards. |\n\nSegments within the RSE\n\nItem 4 to item 6 inclusive collect different segments within the RSE, including MySuper products, sub-funds and select investment options.\n\nUnit of measurement: report item 6.1 and item 6.2, column 2 as a whole number; report item 6.2 column 3 as thousands of dollars; report dates in item 6.2 column 4 as DD/MM/YYYY.\n\n| Item 4 | Report each sub-fund within the RSE as a separate line in item 4.Report the unique identifier of the sub-fund as reported on Reporting Form SRF 001.0 Profile and Structure (Baseline) (SRF 001.0) in column 1.Report the name of the principal standard employer-sponsor of the sub-fund, where applicable, in column 2; otherwise leave blank.Report the ABN of the principal standard employer-sponsor of the sub-fund, where applicable, in column 3; otherwise leave blank. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n| Item 5 | Report each MySuper product as a separate line in item 5.Report the MySuper identifier in column 1.Report the URL of the website for the MySuper product in column 2.Report the MySuper product type in column 3 as generic MySuper product; goodwill MySuper product; or MySuper product for large employer-sponsor.If MySuper product for large employer-sponsor is reported in column 3, report the name and ABN of the principal standard employer-sponsor in column 4 and column 5 respectively. Where the MySuper product for large employer-sponsor is authorised for an employer and its associates, report the name and ABN of the employer, not of the associate employers. |\n| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| MySuper identifier | Represents the authorisation number of the MySuper product allocated by APRA. |\n| URL | Represents the unique resource locator that constitutes a reference for an internet resource. |\n| Generic MySuper product | Represents a MySuper product that has been authorised by APRA under s. 29T of the SIS Act. |\n| Goodwill MySuper product | Represents a MySuper product that has been authorised by APRA under s. 29TA of the SIS Act. |\n\n \n\n| MySuper product for large employer-sponsor | Represents a MySuper product that has been authorised by APRA under s. 29TB of the SIS Act. |\n| ------------------------------------------ | ------------------------------------------------------------------------------------------- |\n\n| Item 6 | Report the total number of investment options offered in the RSE in item 6.1, including investment options that are not select investment options.Report each select investment option as reported on SRF 001.0 within the RSE as a separate line in item 6.2.Report the unique identifier of the select investment option in column 1.Report the number of member accounts with a non-MySuper interest in the option in column 2.Report the value of members’ benefits that comprise non-MySuper interests in the select investment option in column 3 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions.Report the date of last stress test on the select investment option in column 4.If the select investment option is used to back defined benefit interests, report ‘yes’ in column 5; otherwise, report ‘no’.If the select investment option is a default option, report ‘yes’ in column 5; otherwise, report ‘no’. Do not include MySuper products. |\n| -------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Date investment option commenced | Represents the date on which the investment option was made available to members. |\n| Date of last stress test | Represent the date of the last stress test undertaken with respect to the investment option, where stress test has the meaning given in Prudential Standard SPS 530 Investment Governance. |\n| Defined benefit interests | Represents a member interest that is a defined benefit interest or a defined benefit pension. Reference: SIS Regulations, r. 1.03AA, r. 9.04E. |\n| Default option | Represents an investment option under which the asset (or assets) of the fund attributed to a new member is invested under the current governing rules of the fund if no direction were given. |\n\nReserving strategy – investment strategy of each reserve\n\nItem 7 collects the investment options underlying each reserve in the RSE.\n\nUnit of measurement: report item 7 column 3 as thousands of dollars.\n\n| Item 7 | Report details of all investment options that each reserve is invested into, in item 7.Where a reserve is invested in one or more investment options, report each investment option as a separate line.Report the type of reserve in column 1 as ORFR reserve, investment reserve, self insurance reserve, administration reserve or other reserve.Report the unique identifier of the investment option as reported in item 6.2 in column 1.Report the value of the reserve in the investment option in column 3. |\n| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| ORFR reserve | Represents the reserve held within an RSE within the RSE licensee's business operations for the purposes of meeting the operational risk financial requirement. An ORFR reserve must be separately identifiable from member accounts and reserves held in the RSE for other purposes. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement. |\n| Investment reserve | Represents the difference between the cumulative value of investment income (net of investment expenses) allocated to members’ accounts compared to the cumulative investment income (net of investment expenses) earned. Includes: investment fees deducted from members accounts but not yet allocated for payment of investment related expenses. |\n| Self insurance reserve | Represents a reserve designated by the RSE licensee as being for the purposes of funding self-insurance arrangements. |\n| Administrative reserve | Represents a reserve comprising the difference between the cumulative value of administration fees charged to members’ accounts but not yet allocated for payment of administration costs. |\n\nPooled superannuation trusts (PSTs)\n\nItem 8 collects PST investors. Item 8 is only to be completed by PSTs.\n\nUnit of measurement: report item 8 column 3 as thousands of dollars.\n\n| Item 8 | Report each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST.Report each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.Report each investor as a separate line in item 8.Report name of the investor in column 1.Report the ABN of the investor in column 2.Report the amount held by the investor in the PST in column 3.If the investor is an associate of the PST, report ‘yes’ in column 4; otherwise, report ‘no’. |\n| --------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Associate | Represents an associate within the meaning given in s. 12 of the SIS Act. |\n\nInterpretation\n\nFor the purposes of these instructions:\n\n- defined benefit RSE means an RSE that is a defined benefit fund within the meaning given in SPS 160;\n- eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act and, in relation to the period between 1 July 2013 and 31 December 2013, includes an existing ERF within the meaning given in section 391 of the SIS Act;\n- financial product advice has the meaning given in s. 766B of the Corporations Act 2001;\n- MySuper product means a MySuper product within the meaning given in section 10(1) of the SIS Act regardless of whether or not it has a lifecycle investment strategy;\n- pooled superannuation trust (PST) has the meaning given in section 10(1) of the SIS Act;\n- RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[\\[5\\]](#_ftn5);\n- RSE licensee has the meaning given in section 10(1) of the SIS Act;\n\n- select investment option means an investment option in an RSE which[\\[6\\]](#_ftn6):\n\n(a) underlies:\n\n(i) a defined benefit pension within the meaning of SPS 160, where that defined benefit pension is currently being paid; or\n\n(ii) an interest that entitles the member who holds the interest, when benefits in respect of the interest become payable, to be paid a benefit referred to in the definition of ‘defined benefit member’ in paragraph 7(b) of SPS 160; or\n\n(b) underlies a pre-MySuper default investment option that includes at least one accrued default amount (within the meaning given in section 20B of the SIS Act); or\n\n(c) underlies a reserve; or\n\n(d) at the most recent 30 June, has assets relating to non-MySuper interests greater than $50 million; or\n\n(e) at the most recent 30 June, has assets relating to non-MySuper interests that are less than $50 million but which represent more than 5 per cent of total assets of the RSE within which the investment option is located;\n\n- SIS Act means Superannuation Industry (Supervision) Act 1993;\n- SIS Regulations means Superannuation Industry (Supervision) Regulations 1994;\n- SPS 160 means Prudential Standard SPS 160 Defined Benefit Matters;\n- standard employer-sponsor has the meaning given in section 16(2) of the SIS Act;\n- standard employer-sponsor member has the meaning given in section 16(5) of the SIS Act; and\n- sub-fund means a defined benefit sub-fund within the meaning given in SPS 160.\n\n---\n\n[\\[1\\]](#_ftnref1) For the purposes of this Reporting Standard, an ‘RSE licensee’s business operations’ includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE, defined benefit RSE, PST or ERF, the RSE licensee must separately provide the information required by the form for each RSE, defined benefit RSE, PST or ERF within its business operations.\n\n[\\[2\\]](#_ftnref2) Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).\n\n[\\[3\\]](#_ftnref3) Refer to Prudential Standard SPS 510 Governance.\n\n[\\[4\\]](#_ftnref4) For the purposes of this Reporting Standard, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.\n\n[\\[5\\]](#_ftnref5) For the purposes of these instructions, ‘small APRA fund’ means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and ‘single member approved deposit fund’ means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.\n\n[\\[6\\]](#_ftnref6) Refer to Reporting Standard SRS 001.0 Profile and Structure (Baseline) for obligations to report information about select investment options to APRA on 30 June each year.","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"The instrument, as drafted, defines the population to which it applies (RSE licensees in respect of each RSE, defined benefit RSE, PST and ERF within their business operations) and prescribes reporting obligations, timing and form. The text contains no statement that it changes the prior statutory scope; it establishes reporting obligations rather than narrowing or expanding an earlier scope within the instrument itself."},"complexity_factors":["Multiple covered entities and reporting units: RSEs, defined benefit RSEs, PSTs and ERFs increase reporting permutations.","Detailed item-level requirements: asset values, top-20 employer sponsors, MySuper product types, select investment options, reserves and PST investor details.","Technical measurement rules: units (thousands of dollars), percentages to one decimal place, reporting as at period end and accounting-standard basis.","Quality control and assurance: mandatory auditor review and at least a limited assurance engagement, plus internal controls and board/senior management authorisation (paras 11–12, 13–15).","Submission mechanics and authentication: electronic ‘Direct to APRA’ submission, digital certificates and agent retention obligations (paras 6, 13–15).","Discretion and variation risk: APRA may change reporting frequency or vary requirements by written notice (paras 8, 16), creating potential for asymmetric obligations across entities.","Cross-references to other instruments and thresholds: reliance on SIS Act definitions, SPS standards and a $50 million / 5% rule for select investment options increases interpretative complexity.","Timing and transition rules: different due dates depending on reporting period (para 9) and extension/notice processes (para 10)."],"plain_english_summary":"This instrument requires registrable superannuation entity (RSE) licensees to supply APRA, each year, a standardized electronic Profile and Structure report (SRF 601.0) for each RSE, defined benefit RSE, pooled superannuation trust and eligible rollover fund. APRA says it will use the data for prudential supervision and publication.\n\nThe standard prescribes submission method and timing, auditor review and internal authorisation, and gives APRA discretion to vary reporting frequency; the compliance burden (data collection, auditor testing, digital signing and recordkeeping) falls on RSE licensees."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":1846},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"This is the original 2013 determination establishing the reporting standard. The scope remains consistent with its stated objective of collecting profile and structure information for prudential supervision and publication purposes."},"complexity_factors":["Multiple technical defined terms specific to superannuation law (RSE, PST, ERF, MySuper, select investment option, defined benefit interests)","Extensive cross-referencing to other prudential standards (SPS 160, SPS 310, SPS 530) and the Superannuation Industry (Supervision) Act 1993","Conditional logic including different due dates for different reporting periods (3 months vs 4 months), APRA's power to vary reporting frequencies, and entity-specific requirements","Requirement to report according to Australian Accounting Standards with specific units of measurement (thousands of dollars, percentages to one decimal place)","Complex criteria for determining 'select investment options' involving monetary thresholds ($50 million or 5% of total assets) and underlying benefit types"],"plain_english_summary":"This rule requires superannuation trustees (RSE licensees) to provide APRA with a detailed annual report on their fund’s structure and composition. It covers registrable superannuation entities, defined benefit funds, pooled superannuation trusts and eligible rollover funds.\n\nReports must be filed electronically, audited for data integrity and authorised by the CEO or CFO within a few months of year‑end. APRA will use the data for industry supervision and public statistics."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-87-of-2013-srs-601-0-profile/documents"}}