{"id":"F2017L00729","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2017","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":96557,"registerId":"commonwealth-F2017L00729-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2017","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 9 of 2017\n\nReporting Standard SRS 610.0 Membership Profile\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Katrina Ellis, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:\n\n(a) REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 18 of 2015, including Reporting Standard SRS 610.0 Membership Profile made under that Determination; and\n\n(b) DETERMINE Reporting Standard SRS 610.0 Membership Profile, in the form set out in the Schedule, which applies to the 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 shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 July 2017.\n\nThis instrument commences on the date of registration on the Federal Register of Legislation.\n\nDated: 21 June 2017\n\n\\[Signed\\]\n\nKatrina Ellis\n\nGeneral Manager, Statistics\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\nSchedule\n\nReporting Standard SRS 610.0 Membership Profile comprises the 13 pages commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard SRS 610.0\n\nMembership Profile\n\nObjective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to the membership profile of a registrable superannuation entity.\n\nIt includes Form SRF 610.0 Membership Profile 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 610.0 Membership Profile (SRF 610.0) 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 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 2017.\n\nInformation required\n\n5. An RSE licensee to which this Reporting Standard applies must provide APRA with the information required by SRF 610.0 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 or ERF within its business operations.\n\n8. If, having regard to the particular circumstances of an RSE, defined benefit RSE 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 or ERF.\n\n9. The information required by this Reporting Standard must be provided to APRA:\n\n(a) within three months after the end of the year of income to which the information relates; and\n\n(b) 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 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 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 610.0 in relation to that RSE licensee or one or more RSEs, defined benefit RSEs 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;\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, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[4\\]](#_ftn4);\n\nRSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard;\n\nRSE licensee has the meaning given in 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 610.0: Membership Profile |\n| ----------------------------- |\n\n| Australian Business Number | Institution Name |\n| -------------------------- | ---------------- |\n| | |\n| Reporting Period | Scale Factor |\n| | |\n| Reporting Consolidation | |\n| | |\n\n| Member account segmentation |\n| --------------------------- |\n\n| | Member accounts | Members' benefits |\n| ------------------------------------------------------------ | --------------- | ----------------- |\n| | (1) | (2) |\n| Member account status | | |\n| 1.1. Active member account | | |\n| 1.2. Inactive member account | | |\n| 1.3. Lost member account | | |\n| 2. Member account type | | |\n| 2.1. Defined benefits only | | |\n| 2.2. Defined contribution benefits only | | |\n| 2.3. Both defined benefits and defined contribution benefits | | |\n| 2.3.1. Defined benefit interests | | |\n| 2.3.2. Defined contribution interests | | |\n| 3. Member account phase | | |\n| 3.1. Taxed phase | | |\n| 3.2. Tax-free phase | | |\n| 3.3. Both taxed phase and tax-free phase | | |\n| 3.3.1. Taxed phase | | |\n| 3.3.2. Tax-free phase | | |\n| 4. Existence of TFN | | |\n| 4.1. Member account with a TFN | | |\n| 4.1.1. of which: Unique TFN | | |\n| 4.2. Member account without a TFN | | |\n\n \n\n| Detailed member account segmentation |\n| ------------------------------------ |\n\n| 5. Segmentation of member account by age, gender and members' benefit bracket |\n| ----------------------------------------------------------------------------- |\n\n| Age bracket | Gender | Members' benefit bracket | Member accounts | Members' benefits |\n| ----------------- | ------------------------------------ | ------------------------ | --------------- | ----------------- |\n| (1) | (2) | (3) | (4) | (5) |\n| <25 | Female | <1,000 | | |\n| 25 to 34 | Male | 1,000 to 24,999 | | |\n| 35 to 44 | Intersex or Indeterminate | 25,000 to 49,999 | | |\n| 45 to 49 | Not stated or inadequately described | 50,000 to 99,999 | | |\n| 50 to 54 | | 100,000 to 199,999 | | |\n| 55 to 59 | | 200,000 to 499,999 | | |\n| 60 to 64 | | 500,000 to 999,999 | | |\n| 65 to 69 | | 1,000,000+ | | |\n| 70 to 74 | | | | |\n| 75 to 84 | | | | |\n| 85+ | | | | |\n| Age not available | | | | |\n\n| 6. Pension benefit payments - Segmentation of member account by age, gender and income stream type |\n| -------------------------------------------------------------------------------------------------- |\n\n| Age bracket | Gender | Type of pension benefit | Member accounts | Value of pension benefit payment | Members' benefits |\n| ----------------- | ------------------------------------ | -------------------------------- | --------------- | -------------------------------- | ----------------- |\n| (1) | (2) | (3) | (4) | (5) | (6) |\n| <25 | Female | Account based pension | | | |\n| 25 to 34 | Male | Transition to retirement pension | | | |\n| 35 to 44 | Intersex or Indeterminate | Allocated pension | | | |\n| 45 to 49 | Not stated or inadequately described | Annuity | | | |\n| 50 to 54 | | Other pension benefit | | | |\n| 55 to 59 | | | | | |\n| 60 to 64 | | | | | |\n| 65 to 69 | | | | | |\n| 70 to 74 | | | | | |\n| 75 to 84 | | | | | |\n| 85+ | | | | | |\n| Age not available | | | | | |\n\n| 7. Number of members | |\n| -------------------- | --- |\n\nReporting Form SRF 610.0\n\nMembership Profile\n\nInstructions\n\nThese instructions assist completion of Reporting Form SRF 610.0 Membership Profile (SRF 610.0). SRF 610.0 collects information on the membership profile of an RSE. The information reported in SRF 610.0 is required primarily for prudential purposes, publication purposes and statistical purposes.\n\nReporting level\n\nSRF 610.0 must be completed for each RSE, defined benefit RSE and eligible rollover fund (ERF).\n\nReporting basis and unit of measurement\n\nReport all items on SRF 610.0 in accordance with the Australian Accounting Standards unless otherwise specified.\n\nItems on SRF 610.0 must be reported as at the end of the reporting period.\n\nItems on SRF 610.0 are to be reported as thousands of dollars or as whole numbers.\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\nMember account segmentation\n\nItem 1 to item 4 inclusive collect the types and features of member accounts and the members’ benefits associated with those accounts.\n\nUnit of measurement: report column 1 as a whole number; report column 2 as thousands of dollars.\n\n| Item 1 | Report the number of member accounts in column 1.Report the value of members’ benefits in column 2 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions in column 2.Report active member accounts in item 1.1 column 1 and column 2.Report inactive member accounts in item 1.2 column 1 and column 2.Report lost member accounts in item 1.3 column 1 and column 2. |\n| -------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\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. The concept of defined benefit members’ benefits aligns with the concept of ‘defined benefit member liabilities’ as defined in Australian Accounting Standards. |\n| Unallocated contributions | Represents contributions received but not yet allocated to specific member accounts or reserves. Reference: Australian Accounting Standards. |\n| Active member account | Represents a member account that has received contributions, rollovers, or transfers or has made benefit payments within the last two years and which has not been closed. Excludes: lost member accounts and inactive member accounts. |\n| Inactive member account | Represents a member account that has not received any contributions, rollovers or transfers, or made any benefit payments within the last two years but which has not been closed as the member is contactable. Includes: members that joined an RSE, as a standard employer-sponsored member, more than two years ago and there have been no contributions or rollover amounts in respect of that member within the past five years. Excludes: lost member accounts and active member accounts. |\n| Lost member account | Represents the account of a member who is inactive and is uncontactable or who transferred from another RSE as a lost member. Excludes: members that have confirmed their address in the past two years, members that have indicated that they want to remain a member, inactive member accounts and active member accounts. Reference: SIS Regulations r. 1.03A |\n\n| Item 2 | Report the number of member accounts in column 1.Report the value of members’ benefits in column 2 as the sum of defined contribution members’ benefits (where relevant) and defined benefit members’ benefits (where relevant). Do not include unallocated contributions in column 2.Report members with defined benefit interests only in item 2.1 column 1 and column 2. Report the value of defined benefit members’ benefits in item 2.1 column 2.Report members with defined contribution interests only in item 2.2 column 1 and column 2. Report the value of defined contribution members’ benefits in item 2.2 column 2.Report in relation to members who have both defined benefit interests and defined contribution interests in item 2.3 column 1. Report the value of members’ benefits for these members separately in item 2.3.1 column 2 and item 2.3.2 column 2. Report the value of members’ benefits of defined benefit interests in item 2.3.1 column 2 as the value of defined benefit members’ benefits. Report the value of members’ benefits of defined contribution interests in item 2.3.2 column 2 as the value of defined contribution members’ benefits. |\n| ------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Defined benefits 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| Defined contribution interests | Represents a member's interest in an RSE that is not a defined benefit interest. Reference: SIS Regulations, r. 1.03. |\n\n| Item 3 | Report the number of member accounts in column 1.Report the value of members’ benefits in column 2 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions in column 2.Report in relation to members that are in taxed phase only in item 3.1 and members that are in tax free phase only in item 3.2, for column 1 and column 2 respectively.Report in relation to members who are in both tax free phase and taxed phase in item 3.3 column 1. Where a member has interests in the taxed phase (an accumulation interest) and in the tax-free phase (a pension interest) in a single account, report the value of members’ benefits for the taxed phase in item 3.3.1 column 2 and the tax free phase in item 3.3.2 column 2. |\n| -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Tax free phase | Represents where the members’ benefits are no longer liable for income tax on earnings due to the members’ benefits being identified as in the ‘retirement phase’. Reference: ITAA, Division 294, Division 307. |\n| Taxed phase | Represents where the members’ benefits are liable for income tax on earnings due to the members’ benefits being identified as in the ‘accumulation phase’. Reference: ITAA, Division 294, Division 307. |\n\n| Item 4 | Report the number of member accounts in column 1.Report the value of members’ benefits in column 2 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions in column 2.Report the portion of member accounts with a TFN reported in item 4.1 that have a unique TFN in item 4.1.1.Report member accounts without a TFN in item 4.2.Example of a unique TFN: A member with a single TFN has 3 member accounts within an RSE, with a combined value of $10,000 of members’ benefits. Report in item 4.1, 3 member accounts in column 1 and $10,000 in column 2; Report in item 4.1.1, 1 member account in column 1 and $10,000 in column 2. |\n| ---------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Member account with a TFN | Represents a member account for which the RSE has the member’s tax file number recorded to identify the member. |\n| Unique TFN | Represents each distinct tax file number recorded to identify a member, but which may be recorded multiple times across multiple member accounts. |\n| Member account without a TFN | Represents a member account for which the RSE does not have a tax file number recorded to identify the member. |\n\nDetailed member account segmentation\n\nItem 5 and item 6 collect member accounts and members’ benefits based on certain member characteristics.\n\nMember account segmentation by age, gender and members’ benefit bracket\n\nItem 5 collects member accounts and members’ benefits by the categories of member age bracket, gender and members’ benefit bracket.\n\nUnit of measurement: report column 4 as a whole number; report column 5 as thousands of dollars.\n\n| Item 5 | Report information on all member accounts, including pension accounts, at item 5.Report each combination of age bracket, gender and members’ benefit bracket as a separate line. There is a maximum of 384 combinations possible.For each combination of age bracket, gender and members’ benefit bracket, report: age bracket in column 1, gender in column 2, members’ benefit bracket in column 3, the number of member accounts in column 4 and the value of members’ benefits in column 5.The age brackets are: <25, 25 to 34, 35 to 44, 45 to 49, 50 to 54, 55 to 59, 60 to 64, 65 to 69, 70 to 74, 75 to 84, 85+ and age not available.The members’ benefit brackets are: <1000, 1000 to 24,999, 25,000 to 49,000, 50,000 to 99,999, 100,000 to 199,999, 200,000 to 499,999, 500,000 to 999,999 and 1,000,000+.Report the value of members’ benefits in column 5 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions.Report liabilities which cannot be allocated to specific members as ‘age not available’ in item 5. In this case, enter zero in column 4 and the liability value in column 5. |\n| ------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Age bracket | Represents a segmentation of data based on the age of the member in years. |\n| Members’ benefit bracket | Represents a segmentation of data based on the liability for member benefits owing to defined contribution members and defined benefit members. Excludes: unallocated contributions. |\n| Age not available | Represents where the date of birth of a member is not known. |\n\nPension benefit payments - Segmentation of member account by age, gender and income stream type\n\nItem 6 collects member accounts and members’ benefits from which pension benefit payments are drawn, by the categories of member age bracket, gender and pension benefit type.\n\nUnit of measurement: report column 4 as a whole number; report column 5 and column 6 as thousands of dollars.\n\n| Item 6 | Report each combination of age bracket, gender and pension benefit type as a separate line. There is a maximum of 240 combinations possible.For each combination of age bracket, gender and pension benefit type, report: age bracket in column 1, gender in column 2, pension benefit type in column 3, the number of member accounts in column 4, the value of pension benefit payments in column 5 and the value of members’ benefits in column 6.The age brackets are: <25, 25 to 34, 35 to 44, 45 to 49, 50 to 54, 55 to 59, 60 to 64, 65 to 69, 70 to 74, 75 to 84, 85+ and age not available.The pension benefit types are: account based pension, transition to retirement pension, allocated pension, annuity or other pension benefit.Report the value of members’ benefits in column 6 as the sum of defined contribution members’ benefits and defined benefit members’ benefits. Do not include unallocated contributions. Report the value of members’ benefits as at the end of the reporting period for member accounts from which pension benefit payments are drawn in column 6.Report liabilities which cannot be allocated to specific members as ‘age not available’ in item 6. In this case, enter zero in column 4 and the liability value in column 6. |\n| -------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Pension benefit | Represents benefit payments that have been paid as a pension under a condition of release. Includes: account based pension, transition to retirement pension, allocated pensions, annuity payments and other pension income streams. Excludes: transfers, including rollovers and successor fund transfers, within the superannuation system. Reference: SIS Regulations, Divisions 6.2 and 6.3. |\n| Account based pension | Represents an account based pension within the meaning given in r. 1.03 of the SIS Regulations. |\n| Transition to retirement pension | Represents a transition to retirement income stream within the meaning given in r. 6.01 of the SIS Regulations. |\n| Allocated pension | Represents an allocated pension within the meaning given in r. 1.03 of the SIS Regulations. |\n| Annuity | Represents an annuity within the meaning given in r. 1.05 of the SIS Regulations. |\n\nNumber of members\n\nItem 7 collects the number of members.\n\nUnit of measurement: report item 7 as a whole number.\n\n| Item 7 | Report the number of members which hold member accounts in item 7.Example of number of members: As at the end of the reporting period, there are ten member accounts, two of these member accounts are held by the same member. Report nine members in item 7. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Member | Represents a natural person who has at least one member account. |\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 Prudential Standard SPS 160 Defined Benefit Matters;\n- eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;\n- ITAA means Income Tax Assessment Act 1997;\n- RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[\\[5\\]](#_ftn5);\n- RSE licensee has the meaning given in section 10(1) of the SIS Act;\n- SIS Act means Superannuation Industry (Supervision) Act 1993; and\n- SIS Regulations means Superannuation Industry (Supervision) Regulations 1994.\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 or ERF, the RSE licensee must separately provide the information required by the form for each RSE, defined benefit RSE or ERF within its business operations. An RSE licensee that does not have any RSEs, defined benefit RSEs or ERFs within its business operations is not required to provide information under this Reporting Standard.\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, ‘pooled superannuation trust’ has the meaning given in section 10(1) of the SIS Act, ‘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, ‘pooled superannuation trust’ has the meaning given in section 10(1) of the SIS Act, ‘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.","sortOrder":0}],"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":5,"scope_assessment":{"changed":false,"description":"This instrument revokes an earlier 2015 Determination and replaces it with an updated Reporting Standard SRS 610.0. The core scope — mandatory collection of membership profile data from RSE licensees for each RSE, defined benefit RSE and ERF — remains the same. The text does not, on its face, expand the population of entities subject to reporting or introduce materially new categories of data beyond detailed segmentation already typical for membership profiling. It updates and restates the mechanics (submission method, due dates, assurance and authorisation requirements) but does not meaningfully grow the scope of who must report compared with the prior instrument as presented here."},"complexity_factors":["13 pages in the Schedule with a detailed form and instructions","Approximately 11 named defined terms in the Interpretation section (APRA, Chief Executive Officer, Chief Financial Officer, defined benefit RSE, due date, ERF, reporting period, RSE, RSE auditor, RSE licensee, SIS Act, year of income)","Multiple cross‑references to other instruments and standards (SIS Act, SIS Regulations, Prudential Standards SPS 160 and SPS 310, ITAA) increasing interpretive dependencies","Granular reporting matrices: up to 384 age/gender/benefit combinations (Item 5) and up to 240 age/gender/pension type combinations (Item 6)","Conditional discretions allowing APRA to vary reporting frequency, content or due dates for particular RSEs (para 8, 16)","Quality assurance requirement for auditor review and at least a limited assurance engagement (para 11) — introduces external audit standards into compliance","Multiple procedural requirements (electronic submission via D2A, digital signature standards, CEO/CFO authorisation, agent record retention) (para 6, 13–15)","Unit‑of‑measurement and timing rules (report at reporting period end; report as thousands of dollars or whole numbers) requiring data transformations","Exceptions and scope exclusions (pooled superannuation trusts, small APRA funds, single member ADFs) embedded in the RSE definition, which affect applicability"],"plain_english_summary":"**What this instrument does (mechanics)\n\n- This instrument replaces an earlier APRA reporting standard and sets out a mandatory data‑collection form (SRF 610.0 \"Membership Profile\") that registrable superannuation entities (RSEs) must submit to APRA (the prudential regulator). (front page; para 1; Schedule)\n\n- It applies to each RSE licensee for each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations, for reporting periods ending on or after 1 July 2017. (para 3–4)\n\n- RSE licensees must deliver the completed form electronically (via APRA's Direct to APRA system or another APRA‑approved method) and generally must lodge it within three months after the end of the year of income. APRA can change the reporting frequency or due date for a particular fund and can grant extensions. (para 6–10)\n\n- The form collects counts and dollar values for member accounts and members' benefits across a defined set of categories: account status (active, inactive, lost), account type (defined benefit, defined contribution, both), tax phase (taxed or tax‑free), existence of TFN (tax file number), age, gender, benefit size bands and pension types. The form also collects the number of members. Several detailed segmentation tables are prescribed (including up to 384 age/gender/benefit combinations and up to 240 age/gender/pension type combinations). Units and reporting conventions are specified (e.g. reporting as whole numbers or thousands of dollars and reporting as at the end of the reporting period). (SRF 610.0 and instructions)\n\n- Quality control: the data must come from systems and controls that have been reviewed and tested by the RSE auditor on at least an annual basis and, as a minimum, be subject to a limited assurance engagement consistent with professional standards and SPS 310. The RSE licensee’s board and senior management must maintain internal review and authorisation policies. (para 11–12)\n\n- Authorisation and record keeping: submissions must be digitally signed by an authorised officer or agent (acceptable digital certificate). If an agent submits on behalf of an RSE licensee, the licensee must obtain and retain a copy of the completed form. Submissions must be authorised by the CEO or CFO (para 13–15).\n\n\nWho it affects and who bears the costs\n\n- Who must comply: RSE licensees for each RSE, defined benefit RSE and ERF in their business operations (para 3). Certain small or differently structured funds (pooled superannuation trusts, small APRA funds with fewer than five members, and single‑member approved deposit funds) are excluded from the RSE definition used for this form. (Interpretation)\n\n- Who pays / who does the work: the RSE licensee pays the compliance cost — including system changes, staff time, auditor fees for limited assurance, and ongoing reporting costs. Agents may be used to submit data, but the licensee remains responsible for retention and authorisation obligations (para 14–15).\n\n- Who benefits: APRA receives standardized data it can use for prudential supervision, statistical work and publication (purpose stated in para 2). The public (via APRA publications) and APRA’s supervision teams are the intended users of the data.\n\n\nPurpose claims from the instrument and how the mechanics map to costs, incentives and trade‑offs\n\n- APRA’s stated purpose: the information is collected for prudential supervision and publication (para 2). The instrument implements this by requiring granular, periodic census‑style reporting across membership characteristics and balances.\n\n- Costs and incentives: the requirement imposes administrative and assurance costs on RSE licensees (systems, staff, auditor engagements) and favors entities large enough to absorb fixed compliance costs. Entities excluded from the RSE definition (small APRA funds, single‑member ADFs, pooled trusts) avoid these costs, so the burden is concentrated on larger funds (Interpretation; para 3). Because APRA can vary reporting frequency or content for particular RSEs (para 8, 16), APRA can target additional burden where it considers necessary — increasing regulatory discretion and implementation variability.\n\n- Trade‑offs and opportunity costs: the regulator gains detailed, comparable data to support oversight and publication, at the expense of industry time and audit resources. The requirement for auditor review (para 11) raises assurance quality but adds recurring audit cost. The three‑month lodgement timeline (para 9) creates a predictable compliance cadence but may require year‑end close processes to be expedited.\n\n- Implementation risks and compliance burden: practical risks include data extraction and mapping to APRA’s prescribed categories (notably where funds must split combined accounts into taxed vs tax‑free phases, or allocate liabilities where member age is unknown). APRA’s capacity to adjust reporting content or frequency (para 8, 16) can mitigate burdens but also creates uncertainty for planning.\n\n\nConcrete behaviour changes the law requires\n\n- Funds must implement or maintain systems that can segment member accounts by status, benefit type, tax phase, TFN status, age, gender, benefit size and pension type, at reporting date, and report those data using APRA’s electronic submission platform. (SRF 610.0 and instructions)\n\n- Funds must put in place internal authorisation policies, ensure CEO/CFO‑level sign‑off for submissions or authorised agents, retain copies of submissions, and arrange for annual auditor review/limited assurance of the reporting systems and controls. (para 11–15)\n\n\nKey statutory levers and discretions\n\n- APRA determines the content of the reporting standard and may vary reporting requirements or frequency for particular RSEs, and may grant due‑date extensions. (para 1, 8, 10, 16)\n\n- The RSE licensee remains responsible for preparing and authorising the data, and for ensuring auditor review and retention of records. (para 11–15)\n\n\nWhere to look in the instrument for specifics\n\n- Who must report and application: paragraph 3.\n- What is reported (field definitions and tables): SRF 610.0 and the specific instructions in the Schedule.\n- Timing and submission mechanics: paragraphs 6–10.\n- Assurance, authorisation and recordkeeping: paragraphs 11–15.\n- APRA discretion to vary requirements: paragraph 16.\n\n\nBottom line\n\nThis is a prescriptive data‑collection instrument that standardises how RSE licensees report membership counts and benefit values to APRA. It centralises detailed demographic and balance information for prudential oversight and publication, requires auditor assurance and CEO/CFO authorisation, and places the compliance cost and operational burden on RSE licensees (with APRA holding discretion to adjust reporting requirements for particular entities)."},"kimi_summary":{"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":false,"description":"This determination maintains the same scope as its predecessor (Determination No. 18 of 2015). It continues to apply to RSE licensees for registrable superannuation entities, defined benefit RSEs, and eligible rollover funds. The 2017 version appears to be a routine update rather than an expansion of scope, replacing the 2015 standard with updated reporting requirements but covering the same categories of entities."},"complexity_factors":["Moderate length (13 pages) with substantial technical detail in reporting instructions","14 defined terms in the main Reporting Standard, plus additional definitions in the instructions section","Complex nested categorisations required — up to 384 possible combinations for demographic data (age × gender × balance brackets) and 240 combinations for pension data","Cross-references to multiple external legislative instruments: SIS Act, SIS Regulations, ITAA (Income Tax Assessment Act), Australian Accounting Standards, and Prudential Standards SPS 160, SPS 310, SPS 510","Conditional reporting logic — different rules apply for defined benefit vs defined contribution interests, taxed vs tax-free phases, and accounts with multiple characteristics","Specific unit of measurement requirements (whole numbers vs thousands of dollars) that vary by column","Quality control requirements involving external audit assurance (limited assurance engagement) and internal board-level authorisation procedures","Footnotes containing substantive exclusions and carve-outs (e.g., specific definitions of 'small APRA fund' and 'single member approved deposit fund' that differ from standard usage)"],"plain_english_summary":"This APRA reporting standard (replacing the 2015 version) requires RSE licensees to annually submit detailed member-level statistics — e.g., account status (active/inactive/lost), benefit and tax status, TFN coverage, demographic and balance breakdowns, and pension payment info — to support prudential supervision and public transparency of the super system. It excludes SMSFs, small APRA funds (<5 members) and single‑member ADFs.\n\nReports must be filed electronically to APRA within three months of year‑end, audited by the RSE auditor, and authorised by the CEO/CFO; APRA may grant exceptions."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2017/documents"}}