Reporting Standard SRS 340.0 (2005)
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Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
This Reporting Standard requires trustees of Small APRA Funds and Single‑Member Approved Deposit Funds to file an annual profile (Form SRF 340.0) with APRA — typically within four months of year‑end — via APRA’s D2A system or paper. The profile captures who runs the fund, its service providers, legal/financial structure, key asset and compliance information, and wind‑up status. APRA uses the data for prudential supervision to monitor risks and protect members’ retirement savings.
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Direct links to the current provisions in Financial Sector (Collection of Data) determination No. 43 of 2005.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a small APRA fund or a single member approved deposit fund to give APRA, on an annual basis, information including details of trustees, service providers, employer sponsors, kinds of benefits offered and the last actuarial review conducted.
This reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:
This reporting standard applies to each trustee of a relevant registered superannuation entity as defined by paragraph 3 and shall begin to apply to those trustees on the later of 1 July 2005 and the date of registration on the Federal Register of Legislative Instruments.
A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was either:
(a) a small APRA fund; or
(b) a single member approved deposit fund.
The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 340.0, in respect of the entity, for each reporting period.
For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.
(a) where subparagraph (b) does not apply:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or
(ii) by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or
(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or
(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.
Note 1: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.
Note 2: See paragraphs 13, 14 and 15 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).
Reporting periods and due dates
Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the Superannuation Industry (Supervision) Act 1993) of the entity.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information in respect of the entity:
(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or
(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision APRA considers it unnecessary to require the trustee to provide the information on an annual basis).
The information required by this reporting standard must be provided to APRA 4 months after the end of the reporting period to which it relates.
APRA may grant a trustee an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Information required under this reporting standard is not required to be audited or tested by the auditor of the superannuation entity.
The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and
(b) if the trustee provides the information on paper under sub-subparagraph 6(a)(ii), the completed form must be signed by an officer of the trustee who is authorised by the trustee to complete and lodge the form.
(a) the agent will not be required to sign or authorise the information; but
(b) the trustee must:
(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was provided under sub-subparagraph 6(b)(i) or (ii)); and
(ii) cause the paper copy to be signed by an officer of the trustee authorised by the trustee to sign the paper copy; and
(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date (unless APRA, in writing, determines to waive the requirement under this sub-subparagraph, in relation to the trustee, or a class of trustees of which the trustee is a member, or all trustees).
Note: APRA may, for example, determine to waive the requirement under sub-subparagraph 14(b)(iii) where a trustee has undertaken to retain the signed copy of the completed form for an agreed period of time.
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation
17.18.In this reporting standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;
due date means the relevant due date under paragraph 9 or, if applicable, paragraph 10;
officer in relation to a trustee of a relevant registered superannuation entity means:
(a) if the trustee is a corporation – a director or officer of that corporation;
(b) if the trustee is a natural person – that person; or
(c) if two or more natural persons are trustees of the entity – one of those persons;
regulated superannuation fund has the meaning given by section 19 of the SIS Act;
relevant registered superannuation entity has the meaning given by paragraph 4 of this reporting standard;
reporting period means a reporting period for a relevant registered superannuation entity determined under paragraph 7 or 8, as applicable;
single-member approved deposit fund means an approved deposit fund (within the meaning of subsection 10(1) of the SIS Act) that has only one member.
SIS Act means the Superannuation Industry (Supervision) Act 1993.
small APRA fund means a regulated superannuation fund that has fewer than 5 members and is regulated by APRA under the SIS Act.
superannuation entity has the meaning given by subsection 10(1) of the SIS Act.
Note: Subsection 10(1) of the SIS Act provides that superannuation entity means a regulated superannuation fund, or an approved deposit fund, or a pooled superannuation trust (as defined in the SIS Act).
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a small APRA fund or a single member approved deposit fund to give APRA, on an annual basis, information including details of trustees, service providers, employer sponsors, kinds of benefits offered and the last actuarial review conducted.
This reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:
This reporting standard applies to each trustee of a relevant registered superannuation entity as defined by paragraph 3 and shall begin to apply to those trustees on the later of 1 July 2005 and the date of registration on the Federal Register of Legislative Instruments.
A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was either:
(a) a small APRA fund; or
(b) a single member approved deposit fund.
The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 340.0, in respect of the entity, for each reporting period.
For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.
(a) where subparagraph (b) does not apply:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or
(ii) by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or
(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or
(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.
Note 1: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.
Note 2: See paragraphs 13, 14 and 15 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).
Reporting periods and due dates
Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the Superannuation Industry (Supervision) Act 1993) of the entity.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information in respect of the entity:
(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or
(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision APRA considers it unnecessary to require the trustee to provide the information on an annual basis).
The information required by this reporting standard must be provided to APRA 4 months after the end of the reporting period to which it relates.
APRA may grant a trustee an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Information required under this reporting standard is not required to be audited or tested by the auditor of the superannuation entity.
The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and
(b) if the trustee provides the information on paper under sub-subparagraph 6(a)(ii), the completed form must be signed by an officer of the trustee who is authorised by the trustee to complete and lodge the form.
(a) the agent will not be required to sign or authorise the information; but
(b) the trustee must:
(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was provided under sub-subparagraph 6(b)(i) or (ii)); and
(ii) cause the paper copy to be signed by an officer of the trustee authorised by the trustee to sign the paper copy; and
(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date (unless APRA, in writing, determines to waive the requirement under this sub-subparagraph, in relation to the trustee, or a class of trustees of which the trustee is a member, or all trustees).
Note: APRA may, for example, determine to waive the requirement under sub-subparagraph 14(b)(iii) where a trustee has undertaken to retain the signed copy of the completed form for an agreed period of time.
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation
17.18.In this reporting standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;
due date means the relevant due date under paragraph 9 or, if applicable, paragraph 10;
officer in relation to a trustee of a relevant registered superannuation entity means:
(a) if the trustee is a corporation – a director or officer of that corporation;
(b) if the trustee is a natural person – that person; or
(c) if two or more natural persons are trustees of the entity – one of those persons;
regulated superannuation fund has the meaning given by section 19 of the SIS Act;
relevant registered superannuation entity has the meaning given by paragraph 4 of this reporting standard;
reporting period means a reporting period for a relevant registered superannuation entity determined under paragraph 7 or 8, as applicable;
single-member approved deposit fund means an approved deposit fund (within the meaning of subsection 10(1) of the SIS Act) that has only one member.
SIS Act means the Superannuation Industry (Supervision) Act 1993.
small APRA fund means a regulated superannuation fund that has fewer than 5 members and is regulated by APRA under the SIS Act.
superannuation entity has the meaning given by subsection 10(1) of the SIS Act.
Note: Subsection 10(1) of the SIS Act provides that superannuation entity means a regulated superannuation fund, or an approved deposit fund, or a pooled superannuation trust (as defined in the SIS Act).
Completion of SRF 340.0 Superannuation Entity Profile
This form must be completed on an annual basis in relation to all Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).
If a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the annual return.
Note: All forms included in the SRF 300 series should be submitted together as an annual return, not individually as separate forms.
Purpose
This form collects specific information on various aspects of a superannuation entity’s operations, investment management practices, investment returns, and service providers. Information reported in this form is prudentially important, as it forms part of APRA’s monitoring and analysis framework for individual superannuation entities and the industry.
This Guide has been prepared to assist in the completion and lodgement of SRF 340.0 Superannuation Entity Profile. For ease of use, the Guide has been split into three main sections as follows:
Lodgement and Validation of SRF 340.0 Superannuation Entity Profile
Lodgement and authentication codes
This form must be completed and lodged to APRA either by, or on behalf of, a trustee that is a corporate or natural ‘person’. (It cannot be lodged by the superannuation entity itself, as the entity is not a ‘person’). Where not lodged by the trustee itself, it may be lodged on behalf the trustee by the trustee’s agent, e.g. an administrator or accountant.
Once the SRF 340.0 form has been completed and submitted to APRA (where submission is by the D2A system), an authentication code is generated in D2A from information entered into the form. The authentication code and date submitted appear in the footer of each page of the return (‘return’ equates to all 8 forms in the SRF 300 series). Any change of information entered or resubmission of the return will result in a change to the authentication code. The authentication codes and date submitted should be used by auditors to determine that the four forms audited (300.0, 310.0, 320.0 and 330.0) have been submitted.
A receipt indicating successful lodgement of the return will be provided via email. There may be a slight delay in a receipt being provided if the submission is made in the last week of October. Do not resubmit your return however, as the receipt will be generated.
Validation and calculation of totals
When data is entered into the form, the total balances (in the greyed out cells) will not be calculated automatically. The total items will only calculate when the form is validated. Clicking on the word 'validate' in the top left hand corner of the screen and selecting ‘OK’ will result in the total items being calculated and the validation rules appearing for review.
There are three types of validation rules as follows:
Note: Descriptions entered for warnings may not always appear if the return is validated more than once. There is no need to re-enter the description as D2A has saved this description and the comments will be lodged with the return.
Error: Mandatory rules – this indicates an error in an item, for example a description and a value must be included in a table. These errors must be corrected before the return can be lodged.
Cross form validations – this also indicates an error and must be corrected before the return can be lodged, for example Totals disclosed in SRF 310.1 Selected Disclosure of Investments must agree with the investments reported in item 3 ‘Investments’ on SRF 310.0 Statement of Financial Position.
General guidance for completion of SRF 340.0 Superannuation Entity Profile
Important!
Most trustee, contact and service provider information will be pre-populated in D2A by APRA based on the last known details provided by the trustee. As a consequence, pre-populated data in items 1, 2 and 5 may be out of date or inaccurate. Pre-populated data should therefore be reviewed and, if necessary, amended to ensure the information is current and correct.
Important!
Provide details of the trustee and service providers at the reporting date. Ensure the contact details provided are current.
Important!
Zeros are not required where there is no dollar value for an item. If there is no balance for an item, leave it blank, as D2A recognises blanks as zeros.
Important!
Report all disclosures rounded to the nearest thousand dollars. If values are reported in complete dollars (rather than rounded), superannuation levies will be calculated on these inflated values unless a resubmission occurs. Do not use decimal numbers i.e. when dividing the value to obtain a rounded balance to the nearest thousand dollars, ensure that the figure is whole.
Use of third parties
Please note that where information is requested on services provided by third parties such as administrators, custodians, and a superannuation entity utilises the service of more than one service provider for a particular service, details of all of the service providers who provide that service must be disclosed on this form.
Instruction guide for specific items
Important!
The details in item 1 will be populated by APRA based on the information provided by the trustee in the previous years return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
1.1. Registered Address of the Superannuation Entity
Record the registered address of the Superannuation Entity. (This address must be a street address).
1.2. Address for Correspondence of the Superannuation Entity
Record the postal address of the Trustee.
Important!
This will be used as the address for billing the APRA levy to the superannuation entity.
Record details of the primary contact for the Superannuation Entity.
Important!
This person will be used as a contact regarding billing of the APRA levy to the superannuation entity.
Contact title & name
Record the name of the person who can assist us with any questions about the superannuation entity.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Contact address
Reporting Form SRF 340.0
Superannuation Entity Profile
Completion of SRF 340.0 Superannuation Entity Profile
This form must be completed on an annual basis in relation to all Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).
If a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the annual return.
Note: All forms included in the SRF 300 series should be submitted together as an annual return, not individually as separate forms.
Purpose
This form collects specific information on various aspects of a superannuation entity’s operations, investment management practices, investment returns, and service providers. Information reported in this form is prudentially important, as it forms part of APRA’s monitoring and analysis framework for individual superannuation entities and the industry.
This Guide has been prepared to assist in the completion and lodgement of SRF 340.0 Superannuation Entity Profile. For ease of use, the Guide has been split into three main sections as follows:
Lodgement and Validation of SRF 340.0 Superannuation Entity Profile
Lodgement and authentication codes
This form must be completed and lodged to APRA either by, or on behalf of, a trustee that is a corporate or natural ‘person’. (It cannot be lodged by the superannuation entity itself, as the entity is not a ‘person’). Where not lodged by the trustee itself, it may be lodged on behalf the trustee by the trustee’s agent, e.g. an administrator or accountant.
Once the SRF 340.0 form has been completed and submitted to APRA (where submission is by the D2A system), an authentication code is generated in D2A from information entered into the form. The authentication code and date submitted appear in the footer of each page of the return (‘return’ equates to all 8 forms in the SRF 300 series). Any change of information entered or resubmission of the return will result in a change to the authentication code. The authentication codes and date submitted should be used by auditors to determine that the four forms audited (300.0, 310.0, 320.0 and 330.0) have been submitted.
A receipt indicating successful lodgement of the return will be provided via email. There may be a slight delay in a receipt being provided if the submission is made in the last week of October. Do not resubmit your return however, as the receipt will be generated.
Validation and calculation of totals
When data is entered into the form, the total balances (in the greyed out cells) will not be calculated automatically. The total items will only calculate when the form is validated. Clicking on the word 'validate' in the top left hand corner of the screen and selecting ‘OK’ will result in the total items being calculated and the validation rules appearing for review.
There are three types of validation rules as follows:
Note: Descriptions entered for warnings may not always appear if the return is validated more than once. There is no need to re-enter the description as D2A has saved this description and the comments will be lodged with the return.
Error: Mandatory rules – this indicates an error in an item, for example a description and a value must be included in a table. These errors must be corrected before the return can be lodged.
Cross form validations – this also indicates an error and must be corrected before the return can be lodged, for example Totals disclosed in SRF 310.1 Selected Disclosure of Investments must agree with the investments reported in item 3 ‘Investments’ on SRF 310.0 Statement of Financial Position.
General guidance for completion of SRF 340.0 Superannuation Entity Profile
Important!
Most trustee, contact and service provider information will be pre-populated in D2A by APRA based on the last known details provided by the trustee. As a consequence, pre-populated data in items 1, 2 and 5 may be out of date or inaccurate. Pre-populated data should therefore be reviewed and, if necessary, amended to ensure the information is current and correct.
Important!
Provide details of the trustee and service providers at the reporting date. Ensure the contact details provided are current.
Important!
Zeros are not required where there is no dollar value for an item. If there is no balance for an item, leave it blank, as D2A recognises blanks as zeros.
Important!
Report all disclosures rounded to the nearest thousand dollars. If values are reported in complete dollars (rather than rounded), superannuation levies will be calculated on these inflated values unless a resubmission occurs. Do not use decimal numbers i.e. when dividing the value to obtain a rounded balance to the nearest thousand dollars, ensure that the figure is whole.
Use of third parties
Please note that where information is requested on services provided by third parties such as administrators, custodians, and a superannuation entity utilises the service of more than one service provider for a particular service, details of all of the service providers who provide that service must be disclosed on this form.
Instruction guide for specific items
Important!
The details in item 1 will be populated by APRA based on the information provided by the trustee in the previous years return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
1.1. Registered Address of the Superannuation Entity
Record the registered address of the Superannuation Entity. (This address must be a street address).
1.2. Address for Correspondence of the Superannuation Entity
Record the postal address of the Trustee.
Important!
This will be used as the address for billing the APRA levy to the superannuation entity.
Record details of the primary contact for the Superannuation Entity.
Important!
This person will be used as a contact regarding billing of the APRA levy to the superannuation entity.
Contact title & name
Record the name of the person who can assist us with any questions about the superannuation entity.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Contact address
Important!
2.2. Trustee ABN (where applicable)
2.3. Trustee License Number (where applicable)
2.4. Names of Trustees Directors
2.5. Registered Address of the Trustee Corporation
2.6. Address for Correspondence of the Trustee Corporation
2.7. Street Address of the Trustee Corporation
2.8. Primary Contact for the Trustee
Contact title & name
Record the name of the person who can assist us with any questions about the Trustee.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Record the e-mail address of the contact person.
Contact address
Record the postal address of the contact person. If this is the same as the address for correspondence of the superannuation entity reported in item 1.2, write SAME in the Address Line 1 field.
3.1. The name of the organisation lodging the return
3.2. The ABN of the organisation lodging the return
Important!
Only complete if the reporting superannuation entity wound up during the reporting year, else leave BLANK.
Important!
Important!
Important!
4.2. Wound up reason
4.3. Maximum number of members during the financial year?
Record the maximum number of members in the superannuation entity during the financial year (or part thereof) for which the superannuation entity is reporting, prior to its windup.
4.4. Is this a successor fund transfer?
4.4.1 Name of successor fund
Record the full name of the successor fund.
4.4.2 ABN of successor fund (where applicable)
Record the ABN of the successor fund (or if not available, the ABN of the trustee), or if none leave blank.
Important!
The details in item 5 will be populated by APRA based on the information provided by the trustee in the previous years’ return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
Important!
The superannuation entity should report the name of all service providers and third parties who provided services during the current reporting period – this includes the names of service providers who ceased to provide services during the year.
Record the name of the audit partner responsible for signing the external audit opinion of the superannuation entity, for the financial year corresponding with the reporting period of this return.
Record the phone and fax number of the audit partner.
Record the name of the external audit firm of the superannuation entity.
Record the ABN of the external audit firm.
Record the contact address of the audit partner responsible for signing the external audit opinion (i.e. the partner in item 5.1.1).
Respond Y (Yes) or N (No).
Record Y (Yes) or N (No), whether or not the auditor is a member of each of the following professional bodies:
5.2. Custodian Details
Respond Y (Yes) or N (No.
If Yes, provide details in the table below.
Record the full name of each custodian in the space provided.
Record the ABN for each custodian
Record the contact address of each custodian.
5.3. External Administrator details
Does the Trustee engage an External Administrator for the superannuation entity?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Name of Administrator
Record the full name of each administrator.
ABN of Administrator
Record the ABN for each administrator.
Contact address of Administrator
Record the contact address of each administrator.
5.4. External Investment Manager details
Does the Trustee engage an External Investment Manager for funds under management?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Important!
Where the only investment manager (in which the superannuation entity is invested) is either:
then N should be entered in item 5.4.
Name of Investment Manager
Provide the full name of each investment manager.
Important!
The superannuation entity should report the name of all investment managers who provided services during the current reporting period – this includes the names of investment managers who ceased to provide services during the year.
ABN of Investment Manager
Provide the ABN for each investment manager.
Contact Address of Investment Manager
Input the contact address of each investment manager.
5.5. Employer Sponsor Details
Where there is more than one Employer Sponsor please provide the name and other details requested below for each. Where there are more than 10 such Employer Sponsors, only report the 10 largest employer sponsors in terms of members attributable to each employer.
The following details are required to be reported:
Organisation Name
Record the full name of each Employer Sponsor. However, if the return is being completed for:
under Organisation Name.
Important!
The superannuation entity should not report individual employer sponsors from within a group, instead report the name of the group only.
Record the ABN for each Employer Sponsor.
Record the contact address for each Employer Sponsor.
Does the Trustee engage the services of any other service providers?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Provide details of any other service(s) provided to, and service providers used by, the superannuation entity (other than those recorded in items 5.1 to 5.4 above) during the financial year. Do not disclose any new service providers who are appointed after the end of the current reporting period.
Role (select from drop down box)
Choose the option from the drop-down box that best describes the type of other services provided:
Provide the full name of the individual who is the service provider and their role. Where applicable show the company name. Where more than one service provider is used please provide the name and other details requested below for all service providers.
ABN of service provider
Provide the ABN for each service provider reported. Enter the ABNs in the same order as the order of the service provider names.
Contact address of service provider
Input the contact address of the service provider. Enter the addresses in the same order as the order of service provider names.
6.1. Number of members at the end of the financial year
Record the number of members in the superannuation entity at the end of the reporting year.
The number of members reported by the superannuation entity at the end of the financial year / reporting period should only be disclosed as zero if the entity has wound up under SRF 340.0 Superannuation Entity Profile item 4.
Numbers of members should be reported in whole numbers.
Important!
SAFs should not have more than 5 members reported in SRF 340.0 Superannuation Entity Profile, item 6.1.
Important!
If a superannuation entity recognises a member with a zero balance as a member of the entity, then these members should be included on SRF 340.0 Superannuation Entity Profile.
6.2. Benefit Type
Classify the superannuation entity according to the following classifications: A, B or C (one classification for each superannuation entity only). It is expected that, for the majority of superannuation entities, the benefit type will be the same as disclosed in the previous year:
(A) Accumulation Benefit Entities - An accumulation superannuation entity is a superannuation entity where the benefit a member receives is the total of specifically defined contributions to the superannuation entity plus earnings on those contributions, minus expenses and tax. Members carry the investment risk with this style of superannuation entity. An accumulation superannuation entity is also referred to as a defined contribution superannuation entity. Do not use this classification if the superannuation entity also contains defined benefit members – use “C” instead.
(B) Defined Benefit Entities (all members defined benefits) - A defined benefit superannuation entity is a superannuation entity where the formula for calculating the retirement benefit (and possibly other benefits also) is specified, usually in terms of years of service with the employer (or years of membership of the superannuation entity) and average salary level over the last few years prior to retirement. For example the formula may be that a member on retiring will receive 15 per cent of final average salary for each year of membership. The employer sponsor/contributor to a defined benefit superannuation entity carries the investment risk. Do not use this classification if the superannuation entity also contains accumulation members – use “C” instead.
(C) Defined Benefit Entities (not all members defined benefits) - Represents a superannuation entity which consists of a combination of both Accumulation (Defined Contribution) and Defined Benefit members. This is sometimes referred to as a “hybrid” superannuation entity.
6.3. What is the amount of "in-house" assets held by the superannuation entity?
Refer in-house asset definition in Part 8 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) for further guidance as well as the solvency requirement in Part 9 of the SIS Regulations. If none, report $Nil.
In-house assets are generally limited to 5% of the market value of an entity’s assets. The following should not be reported at SRF 340.0 Superannuation Entity Profile item 6.3:
In addition, in-house assets held on 11 August 1999, which have been grandfathered, may be excluded.
(Note that an “in-house” asset is not the same thing as assets managed directly/internally by the superannuation entity. Consult the SIS definition noted above for details).
6.4. When was the last external actuarial review commissioned by the Superannuation Entity?
Where applicable (i.e. when the answer to SRF 340.0 Superannuation Entity Profile item 6.2 is B or C) then report the date of the last actuarial review in DD/MM/YYYY format.
Important!
If the superannuation entity is a master trust, and there is more than one defined benefit sub-plan resulting in a number of actuarial review dates, the “last actuarial review” date to be reported is not the latest actuarial review, but should be the oldest actuarial review for the sub-plans in the master trust, at the entity's financial year end i.e. the least recent of the current actuarial valuations performed for each of the sub-plans.
6.5. During the year, did the Superannuation Entity have:
6.5.1 Contribution arrears (applicable where contributions have not been received by the superannuation entity by the expected or agreed date. This can include employer contributions)?
Important!
If there are one or more employer sponsors who are deemed to be in arrears by the superannuation entity, a Yes response should be reported under item 6.5.1.
6.5.2 A contribution holiday (applicable only to defined benefit entities)?
Report Y (Yes) or N (No) for each item. A response should be given for both items. If the superannuation entity is not a defined benefit entity, then an N response should be given to item 6.5.2 to avoid a validation error being raised.
Important!
Materiality does not apply to this item. A Y response should be given in all cases where the superannuation entity had contribution arrears or a contribution holiday, regardless of how large the arrears were or how small the defined benefit entity is.
For example, if the superannuation entity is a master trust, there may be many different underlying employer sponsors. The superannuation entity should respond Y to items 6.5.1 and / or 6.5.2 if any sub-plan employer sponsor had contribution arrears or was on a contributions holiday at any time during the financial year.
6.6. For Defined Benefits Entities only:
Important!
For items 6.6.1 to 6.7.2:
The superannuation entity may have a number of defined benefit plans within it. In such cases, the superannuation entity should consider the following responses:
Report Y (Yes) or N (No).
6.6.2 What are the actuarial projections for investment return for the next financial year?
Report gross of fees and taxation, in percentage terms to one decimal place.
6.6.3 What are the actuarial projections for wage growth for the next financial year?
Report in percentage terms to one decimal place.
6.6.4 What are the actuarial projections for CPI for the next financial year?
Report in percentage terms to one decimal place.
6.7. In the case of contributions for defined benefit entities only:
6.7.1 Has the employer paid the recommended contribution rates?
6.7.2 Has the employer paid at the recommended frequency?
Report Y (Yes) or N (No) whether the employer has paid the recommended contribution rates, and whether at the recommended frequency, throughout the year.
6.8. Self Insurance of Death and or Disability Benefits
Important!
Where the superannuation entity self insures for death and or disability benefits provided to members, has independent actuarial advice been commissioned? Report Y (Yes) or N (No).
Important!
If the superannuation entity does not self insure, leave this item BLANK.
6.8.1 Date of last report
If the answer to item 6.8 above is Yes, provide the date of the last actuarial report in the format DD/MM/YYYY.
6.9. Investment choice
6.9.1 How many investment strategy choices are offered?
Report the number of investment strategy choices offered to members.
Important!
A superannuation entity should include all investment strategy options available across the entity, even when they are not available to all members.
Important!
If there are sub-plans, report the sub-plan with the largest number of options.
6.9.2 What value of member funds has been placed in the default investment strategy as a result of the member failing to select an investment strategy?
Where the response to item 6.9.1 is greater than 1 (i.e. where member investment strategy choice is offered by the superannuation entity), report the value of member funds placed into the default category as a result of the operation of the default mechanism when the member has not advised their preferred choice to the superannuation entity (i.e. do include member funds where the member has actively chosen this strategy).
Item 6.9.2 requires information in relation to the default strategy at financial year end.
Important!
Where the response to item 6.9.1 is 1 (i.e. no choice is offered to members), leave this item BLANK.
Important!
Where failure to nominate is not recorded in an entity's system, the superannuation entity should either:
Entities with sub-plans should report the default value for their largest sub-plan.
6.10 Report the asset allocation of the entity
Report the asset allocation of the default strategy (when multiple investment strategies are offered) or the asset allocation of the one strategy (i.e. the superannuation entity as a whole, where no investment choice is offered), as at the end of the financial year, split between:
Superannuation entities with sub-plans, or superannuation entities with no default strategy, should report the allocation of the largest sub-plan by asset size.
Important!
Report the value for each investment category. The values of the asset allocation of the superannuation entity should be reported in thousands of dollars not as a percentage.
6.11 Did the Superannuation Entity pay commissions and brokerage of the kind mentioned in SIS Regulation 3.10?
Report Y (Yes) or N (No).
Report Y (Yes) or N (No).
6.13. Does the Trustee provide financial advice?
If Yes, provide the following details:
Report Y (Yes) or N (No) if the Superannuation Entity has been subject to a review by the ATO or ASIC during the reporting year. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If Yes, report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Report Y (Yes) or N (No) if the Trustee has been subject to a review by the ATO or ASIC. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If yes report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Where non-compliance issues have been raised by a regulator other than APRA in respect of non-compliance with the SIS Act and or the Corporations Act 2001, provide the following details:
Reporting Form SRF 340.0
Superannuation Entity Profile
Completion of SRF 340.0 Superannuation Entity Profile
This form must be completed on an annual basis in relation to all Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).
If a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the annual return.
Note: All forms included in the SRF 300 series should be submitted together as an annual return, not individually as separate forms.
Purpose
This form collects specific information on various aspects of a superannuation entity’s operations, investment management practices, investment returns, and service providers. Information reported in this form is prudentially important, as it forms part of APRA’s monitoring and analysis framework for individual superannuation entities and the industry.
This Guide has been prepared to assist in the completion and lodgement of SRF 340.0 Superannuation Entity Profile. For ease of use, the Guide has been split into three main sections as follows:
Lodgement and Validation of SRF 340.0 Superannuation Entity Profile
Lodgement and authentication codes
This form must be completed and lodged to APRA either by, or on behalf of, a trustee that is a corporate or natural ‘person’. (It cannot be lodged by the superannuation entity itself, as the entity is not a ‘person’). Where not lodged by the trustee itself, it may be lodged on behalf the trustee by the trustee’s agent, e.g. an administrator or accountant.
Once the SRF 340.0 form has been completed and submitted to APRA (where submission is by the D2A system), an authentication code is generated in D2A from information entered into the form. The authentication code and date submitted appear in the footer of each page of the return (‘return’ equates to all 8 forms in the SRF 300 series). Any change of information entered or resubmission of the return will result in a change to the authentication code. The authentication codes and date submitted should be used by auditors to determine that the four forms audited (300.0, 310.0, 320.0 and 330.0) have been submitted.
A receipt indicating successful lodgement of the return will be provided via email. There may be a slight delay in a receipt being provided if the submission is made in the last week of October. Do not resubmit your return however, as the receipt will be generated.
Validation and calculation of totals
When data is entered into the form, the total balances (in the greyed out cells) will not be calculated automatically. The total items will only calculate when the form is validated. Clicking on the word 'validate' in the top left hand corner of the screen and selecting ‘OK’ will result in the total items being calculated and the validation rules appearing for review.
There are three types of validation rules as follows:
Note: Descriptions entered for warnings may not always appear if the return is validated more than once. There is no need to re-enter the description as D2A has saved this description and the comments will be lodged with the return.
Error: Mandatory rules – this indicates an error in an item, for example a description and a value must be included in a table. These errors must be corrected before the return can be lodged.
Cross form validations – this also indicates an error and must be corrected before the return can be lodged, for example Totals disclosed in SRF 310.1 Selected Disclosure of Investments must agree with the investments reported in item 3 ‘Investments’ on SRF 310.0 Statement of Financial Position.
General guidance for completion of SRF 340.0 Superannuation Entity Profile
Important!
Most trustee, contact and service provider information will be pre-populated in D2A by APRA based on the last known details provided by the trustee. As a consequence, pre-populated data in items 1, 2 and 5 may be out of date or inaccurate. Pre-populated data should therefore be reviewed and, if necessary, amended to ensure the information is current and correct.
Important!
Provide details of the trustee and service providers at the reporting date. Ensure the contact details provided are current.
Important!
Zeros are not required where there is no dollar value for an item. If there is no balance for an item, leave it blank, as D2A recognises blanks as zeros.
Important!
Report all disclosures rounded to the nearest thousand dollars. If values are reported in complete dollars (rather than rounded), superannuation levies will be calculated on these inflated values unless a resubmission occurs. Do not use decimal numbers i.e. when dividing the value to obtain a rounded balance to the nearest thousand dollars, ensure that the figure is whole.
Use of third parties
Please note that where information is requested on services provided by third parties such as administrators, custodians, and a superannuation entity utilises the service of more than one service provider for a particular service, details of all of the service providers who provide that service must be disclosed on this form.
Instruction guide for specific items
Important!
The details in item 1 will be populated by APRA based on the information provided by the trustee in the previous years return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
1.1. Registered Address of the Superannuation Entity
Record the registered address of the Superannuation Entity. (This address must be a street address).
1.2. Address for Correspondence of the Superannuation Entity
Record the postal address of the Trustee.
Important!
This will be used as the address for billing the APRA levy to the superannuation entity.
Record details of the primary contact for the Superannuation Entity.
Important!
This person will be used as a contact regarding billing of the APRA levy to the superannuation entity.
Contact title & name
Record the name of the person who can assist us with any questions about the superannuation entity.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Contact address
Important!
2.2. Trustee ABN (where applicable)
2.3. Trustee License Number (where applicable)
2.4. Names of Trustees Directors
2.5. Registered Address of the Trustee Corporation
2.6. Address for Correspondence of the Trustee Corporation
2.7. Street Address of the Trustee Corporation
2.8. Primary Contact for the Trustee
Contact title & name
Record the name of the person who can assist us with any questions about the Trustee.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Record the e-mail address of the contact person.
Contact address
Record the postal address of the contact person. If this is the same as the address for correspondence of the superannuation entity reported in item 1.2, write SAME in the Address Line 1 field.
3.1. The name of the organisation lodging the return
3.2. The ABN of the organisation lodging the return
Important!
Only complete if the reporting superannuation entity wound up during the reporting year, else leave BLANK.
Important!
Important!
Important!
4.2. Wound up reason
4.3. Maximum number of members during the financial year?
Record the maximum number of members in the superannuation entity during the financial year (or part thereof) for which the superannuation entity is reporting, prior to its windup.
4.4. Is this a successor fund transfer?
4.4.1 Name of successor fund
Record the full name of the successor fund.
4.4.2 ABN of successor fund (where applicable)
Record the ABN of the successor fund (or if not available, the ABN of the trustee), or if none leave blank.
Important!
The details in item 5 will be populated by APRA based on the information provided by the trustee in the previous years’ return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
Important!
The superannuation entity should report the name of all service providers and third parties who provided services during the current reporting period – this includes the names of service providers who ceased to provide services during the year.
Record the name of the audit partner responsible for signing the external audit opinion of the superannuation entity, for the financial year corresponding with the reporting period of this return.
Record the phone and fax number of the audit partner.
Record the name of the external audit firm of the superannuation entity.
Record the ABN of the external audit firm.
Record the contact address of the audit partner responsible for signing the external audit opinion (i.e. the partner in item 5.1.1).
Respond Y (Yes) or N (No).
Record Y (Yes) or N (No), whether or not the auditor is a member of each of the following professional bodies:
5.2. Custodian Details
Respond Y (Yes) or N (No.
If Yes, provide details in the table below.
Record the full name of each custodian in the space provided.
Record the ABN for each custodian
Record the contact address of each custodian.
5.3. External Administrator details
Does the Trustee engage an External Administrator for the superannuation entity?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Name of Administrator
Record the full name of each administrator.
ABN of Administrator
Record the ABN for each administrator.
Contact address of Administrator
Record the contact address of each administrator.
5.4. External Investment Manager details
Does the Trustee engage an External Investment Manager for funds under management?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Important!
Where the only investment manager (in which the superannuation entity is invested) is either:
then N should be entered in item 5.4.
Name of Investment Manager
Provide the full name of each investment manager.
Important!
The superannuation entity should report the name of all investment managers who provided services during the current reporting period – this includes the names of investment managers who ceased to provide services during the year.
ABN of Investment Manager
Provide the ABN for each investment manager.
Contact Address of Investment Manager
Input the contact address of each investment manager.
5.5. Employer Sponsor Details
Where there is more than one Employer Sponsor please provide the name and other details requested below for each. Where there are more than 10 such Employer Sponsors, only report the 10 largest employer sponsors in terms of members attributable to each employer.
The following details are required to be reported:
Organisation Name
Record the full name of each Employer Sponsor. However, if the return is being completed for:
under Organisation Name.
Important!
The superannuation entity should not report individual employer sponsors from within a group, instead report the name of the group only.
Record the ABN for each Employer Sponsor.
Record the contact address for each Employer Sponsor.
Does the Trustee engage the services of any other service providers?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Provide details of any other service(s) provided to, and service providers used by, the superannuation entity (other than those recorded in items 5.1 to 5.4 above) during the financial year. Do not disclose any new service providers who are appointed after the end of the current reporting period.
Role (select from drop down box)
Choose the option from the drop-down box that best describes the type of other services provided:
Provide the full name of the individual who is the service provider and their role. Where applicable show the company name. Where more than one service provider is used please provide the name and other details requested below for all service providers.
ABN of service provider
Provide the ABN for each service provider reported. Enter the ABNs in the same order as the order of the service provider names.
Contact address of service provider
Input the contact address of the service provider. Enter the addresses in the same order as the order of service provider names.
6.1. Number of members at the end of the financial year
Record the number of members in the superannuation entity at the end of the reporting year.
The number of members reported by the superannuation entity at the end of the financial year / reporting period should only be disclosed as zero if the entity has wound up under SRF 340.0 Superannuation Entity Profile item 4.
Numbers of members should be reported in whole numbers.
Important!
SAFs should not have more than 5 members reported in SRF 340.0 Superannuation Entity Profile, item 6.1.
Important!
If a superannuation entity recognises a member with a zero balance as a member of the entity, then these members should be included on SRF 340.0 Superannuation Entity Profile.
6.2. Benefit Type
Classify the superannuation entity according to the following classifications: A, B or C (one classification for each superannuation entity only). It is expected that, for the majority of superannuation entities, the benefit type will be the same as disclosed in the previous year:
(A) Accumulation Benefit Entities - An accumulation superannuation entity is a superannuation entity where the benefit a member receives is the total of specifically defined contributions to the superannuation entity plus earnings on those contributions, minus expenses and tax. Members carry the investment risk with this style of superannuation entity. An accumulation superannuation entity is also referred to as a defined contribution superannuation entity. Do not use this classification if the superannuation entity also contains defined benefit members – use “C” instead.
(B) Defined Benefit Entities (all members defined benefits) - A defined benefit superannuation entity is a superannuation entity where the formula for calculating the retirement benefit (and possibly other benefits also) is specified, usually in terms of years of service with the employer (or years of membership of the superannuation entity) and average salary level over the last few years prior to retirement. For example the formula may be that a member on retiring will receive 15 per cent of final average salary for each year of membership. The employer sponsor/contributor to a defined benefit superannuation entity carries the investment risk. Do not use this classification if the superannuation entity also contains accumulation members – use “C” instead.
(C) Defined Benefit Entities (not all members defined benefits) - Represents a superannuation entity which consists of a combination of both Accumulation (Defined Contribution) and Defined Benefit members. This is sometimes referred to as a “hybrid” superannuation entity.
6.3. What is the amount of "in-house" assets held by the superannuation entity?
Refer in-house asset definition in Part 8 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) for further guidance as well as the solvency requirement in Part 9 of the SIS Regulations. If none, report $Nil.
In-house assets are generally limited to 5% of the market value of an entity’s assets. The following should not be reported at SRF 340.0 Superannuation Entity Profile item 6.3:
In addition, in-house assets held on 11 August 1999, which have been grandfathered, may be excluded.
(Note that an “in-house” asset is not the same thing as assets managed directly/internally by the superannuation entity. Consult the SIS definition noted above for details).
6.4. When was the last external actuarial review commissioned by the Superannuation Entity?
Where applicable (i.e. when the answer to SRF 340.0 Superannuation Entity Profile item 6.2 is B or C) then report the date of the last actuarial review in DD/MM/YYYY format.
Important!
If the superannuation entity is a master trust, and there is more than one defined benefit sub-plan resulting in a number of actuarial review dates, the “last actuarial review” date to be reported is not the latest actuarial review, but should be the oldest actuarial review for the sub-plans in the master trust, at the entity's financial year end i.e. the least recent of the current actuarial valuations performed for each of the sub-plans.
6.5. During the year, did the Superannuation Entity have:
6.5.1 Contribution arrears (applicable where contributions have not been received by the superannuation entity by the expected or agreed date. This can include employer contributions)?
Important!
If there are one or more employer sponsors who are deemed to be in arrears by the superannuation entity, a Yes response should be reported under item 6.5.1.
6.5.2 A contribution holiday (applicable only to defined benefit entities)?
Report Y (Yes) or N (No) for each item. A response should be given for both items. If the superannuation entity is not a defined benefit entity, then an N response should be given to item 6.5.2 to avoid a validation error being raised.
Important!
Materiality does not apply to this item. A Y response should be given in all cases where the superannuation entity had contribution arrears or a contribution holiday, regardless of how large the arrears were or how small the defined benefit entity is.
For example, if the superannuation entity is a master trust, there may be many different underlying employer sponsors. The superannuation entity should respond Y to items 6.5.1 and / or 6.5.2 if any sub-plan employer sponsor had contribution arrears or was on a contributions holiday at any time during the financial year.
6.6. For Defined Benefits Entities only:
Important!
For items 6.6.1 to 6.7.2:
The superannuation entity may have a number of defined benefit plans within it. In such cases, the superannuation entity should consider the following responses:
Report Y (Yes) or N (No).
6.6.2 What are the actuarial projections for investment return for the next financial year?
Report gross of fees and taxation, in percentage terms to one decimal place.
6.6.3 What are the actuarial projections for wage growth for the next financial year?
Report in percentage terms to one decimal place.
6.6.4 What are the actuarial projections for CPI for the next financial year?
Report in percentage terms to one decimal place.
6.7. In the case of contributions for defined benefit entities only:
6.7.1 Has the employer paid the recommended contribution rates?
6.7.2 Has the employer paid at the recommended frequency?
Report Y (Yes) or N (No) whether the employer has paid the recommended contribution rates, and whether at the recommended frequency, throughout the year.
6.8. Self Insurance of Death and or Disability Benefits
Important!
Where the superannuation entity self insures for death and or disability benefits provided to members, has independent actuarial advice been commissioned? Report Y (Yes) or N (No).
Important!
If the superannuation entity does not self insure, leave this item BLANK.
6.8.1 Date of last report
If the answer to item 6.8 above is Yes, provide the date of the last actuarial report in the format DD/MM/YYYY.
6.9. Investment choice
6.9.1 How many investment strategy choices are offered?
Report the number of investment strategy choices offered to members.
Important!
A superannuation entity should include all investment strategy options available across the entity, even when they are not available to all members.
Important!
If there are sub-plans, report the sub-plan with the largest number of options.
6.9.2 What value of member funds has been placed in the default investment strategy as a result of the member failing to select an investment strategy?
Where the response to item 6.9.1 is greater than 1 (i.e. where member investment strategy choice is offered by the superannuation entity), report the value of member funds placed into the default category as a result of the operation of the default mechanism when the member has not advised their preferred choice to the superannuation entity (i.e. do include member funds where the member has actively chosen this strategy).
Item 6.9.2 requires information in relation to the default strategy at financial year end.
Important!
Where the response to item 6.9.1 is 1 (i.e. no choice is offered to members), leave this item BLANK.
Important!
Where failure to nominate is not recorded in an entity's system, the superannuation entity should either:
Entities with sub-plans should report the default value for their largest sub-plan.
6.10 Report the asset allocation of the entity
Report the asset allocation of the default strategy (when multiple investment strategies are offered) or the asset allocation of the one strategy (i.e. the superannuation entity as a whole, where no investment choice is offered), as at the end of the financial year, split between:
Superannuation entities with sub-plans, or superannuation entities with no default strategy, should report the allocation of the largest sub-plan by asset size.
Important!
Report the value for each investment category. The values of the asset allocation of the superannuation entity should be reported in thousands of dollars not as a percentage.
6.11 Did the Superannuation Entity pay commissions and brokerage of the kind mentioned in SIS Regulation 3.10?
Report Y (Yes) or N (No).
Report Y (Yes) or N (No).
6.13. Does the Trustee provide financial advice?
If Yes, provide the following details:
Report Y (Yes) or N (No) if the Superannuation Entity has been subject to a review by the ATO or ASIC during the reporting year. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If Yes, report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Report Y (Yes) or N (No) if the Trustee has been subject to a review by the ATO or ASIC. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If yes report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Where non-compliance issues have been raised by a regulator other than APRA in respect of non-compliance with the SIS Act and or the Corporations Act 2001, provide the following details:
Important!
Reporting Form SRF 340.0
Superannuation Entity Profile
Completion of SRF 340.0 Superannuation Entity Profile
This form must be completed on an annual basis in relation to all Small APRA Funds (SAFs) and Single Member Approved Deposit Funds (SMADFs).
If a superannuation entity has no items to disclose, the form can be left blank as D2A recognises blanks as zeros; however it is still required to be submitted as part of the annual return.
Note: All forms included in the SRF 300 series should be submitted together as an annual return, not individually as separate forms.
Purpose
This form collects specific information on various aspects of a superannuation entity’s operations, investment management practices, investment returns, and service providers. Information reported in this form is prudentially important, as it forms part of APRA’s monitoring and analysis framework for individual superannuation entities and the industry.
This Guide has been prepared to assist in the completion and lodgement of SRF 340.0 Superannuation Entity Profile. For ease of use, the Guide has been split into three main sections as follows:
Lodgement and Validation of SRF 340.0 Superannuation Entity Profile
Lodgement and authentication codes
This form must be completed and lodged to APRA either by, or on behalf of, a trustee that is a corporate or natural ‘person’. (It cannot be lodged by the superannuation entity itself, as the entity is not a ‘person’). Where not lodged by the trustee itself, it may be lodged on behalf the trustee by the trustee’s agent, e.g. an administrator or accountant.
Once the SRF 340.0 form has been completed and submitted to APRA (where submission is by the D2A system), an authentication code is generated in D2A from information entered into the form. The authentication code and date submitted appear in the footer of each page of the return (‘return’ equates to all 8 forms in the SRF 300 series). Any change of information entered or resubmission of the return will result in a change to the authentication code. The authentication codes and date submitted should be used by auditors to determine that the four forms audited (300.0, 310.0, 320.0 and 330.0) have been submitted.
A receipt indicating successful lodgement of the return will be provided via email. There may be a slight delay in a receipt being provided if the submission is made in the last week of October. Do not resubmit your return however, as the receipt will be generated.
Validation and calculation of totals
When data is entered into the form, the total balances (in the greyed out cells) will not be calculated automatically. The total items will only calculate when the form is validated. Clicking on the word 'validate' in the top left hand corner of the screen and selecting ‘OK’ will result in the total items being calculated and the validation rules appearing for review.
There are three types of validation rules as follows:
Note: Descriptions entered for warnings may not always appear if the return is validated more than once. There is no need to re-enter the description as D2A has saved this description and the comments will be lodged with the return.
Error: Mandatory rules – this indicates an error in an item, for example a description and a value must be included in a table. These errors must be corrected before the return can be lodged.
Cross form validations – this also indicates an error and must be corrected before the return can be lodged, for example Totals disclosed in SRF 310.1 Selected Disclosure of Investments must agree with the investments reported in item 3 ‘Investments’ on SRF 310.0 Statement of Financial Position.
General guidance for completion of SRF 340.0 Superannuation Entity Profile
Important!
Most trustee, contact and service provider information will be pre-populated in D2A by APRA based on the last known details provided by the trustee. As a consequence, pre-populated data in items 1, 2 and 5 may be out of date or inaccurate. Pre-populated data should therefore be reviewed and, if necessary, amended to ensure the information is current and correct.
Important!
Provide details of the trustee and service providers at the reporting date. Ensure the contact details provided are current.
Important!
Zeros are not required where there is no dollar value for an item. If there is no balance for an item, leave it blank, as D2A recognises blanks as zeros.
Important!
Report all disclosures rounded to the nearest thousand dollars. If values are reported in complete dollars (rather than rounded), superannuation levies will be calculated on these inflated values unless a resubmission occurs. Do not use decimal numbers i.e. when dividing the value to obtain a rounded balance to the nearest thousand dollars, ensure that the figure is whole.
Use of third parties
Please note that where information is requested on services provided by third parties such as administrators, custodians, and a superannuation entity utilises the service of more than one service provider for a particular service, details of all of the service providers who provide that service must be disclosed on this form.
Instruction guide for specific items
Important!
The details in item 1 will be populated by APRA based on the information provided by the trustee in the previous years return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
1.1. Registered Address of the Superannuation Entity
Record the registered address of the Superannuation Entity. (This address must be a street address).
1.2. Address for Correspondence of the Superannuation Entity
Record the postal address of the Trustee.
Important!
This will be used as the address for billing the APRA levy to the superannuation entity.
Record details of the primary contact for the Superannuation Entity.
Important!
This person will be used as a contact regarding billing of the APRA levy to the superannuation entity.
Contact title & name
Record the name of the person who can assist us with any questions about the superannuation entity.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Contact address
Important!
2.2. Trustee ABN (where applicable)
2.3. Trustee License Number (where applicable)
2.4. Names of Trustees Directors
2.5. Registered Address of the Trustee Corporation
2.6. Address for Correspondence of the Trustee Corporation
2.7. Street Address of the Trustee Corporation
2.8. Primary Contact for the Trustee
Contact title & name
Record the name of the person who can assist us with any questions about the Trustee.
Contact position
Record the employment position of the contact person.
Contact phone
Record the contact number (including STD code) of the contact person.
Contact facsimile
Record the facsimile number (including STD code) of the contact person.
Contact e-mail (where available)
Record the e-mail address of the contact person.
Contact address
Record the postal address of the contact person. If this is the same as the address for correspondence of the superannuation entity reported in item 1.2, write SAME in the Address Line 1 field.
3.1. The name of the organisation lodging the return
3.2. The ABN of the organisation lodging the return
Important!
Only complete if the reporting superannuation entity wound up during the reporting year, else leave BLANK.
Important!
Important!
Important!
4.2. Wound up reason
4.3. Maximum number of members during the financial year?
Record the maximum number of members in the superannuation entity during the financial year (or part thereof) for which the superannuation entity is reporting, prior to its windup.
4.4. Is this a successor fund transfer?
4.4.1 Name of successor fund
Record the full name of the successor fund.
4.4.2 ABN of successor fund (where applicable)
Record the ABN of the successor fund (or if not available, the ABN of the trustee), or if none leave blank.
Important!
The details in item 5 will be populated by APRA based on the information provided by the trustee in the previous years’ return. Please review the pre-populated data and make corrections where the information is incorrect or out of date.
Important!
The superannuation entity should report the name of all service providers and third parties who provided services during the current reporting period – this includes the names of service providers who ceased to provide services during the year.
Record the name of the audit partner responsible for signing the external audit opinion of the superannuation entity, for the financial year corresponding with the reporting period of this return.
Record the phone and fax number of the audit partner.
Record the name of the external audit firm of the superannuation entity.
Record the ABN of the external audit firm.
Record the contact address of the audit partner responsible for signing the external audit opinion (i.e. the partner in item 5.1.1).
Respond Y (Yes) or N (No).
Record Y (Yes) or N (No), whether or not the auditor is a member of each of the following professional bodies:
5.2. Custodian Details
Respond Y (Yes) or N (No.
If Yes, provide details in the table below.
Record the full name of each custodian in the space provided.
Record the ABN for each custodian
Record the contact address of each custodian.
5.3. External Administrator details
Does the Trustee engage an External Administrator for the superannuation entity?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Name of Administrator
Record the full name of each administrator.
ABN of Administrator
Record the ABN for each administrator.
Contact address of Administrator
Record the contact address of each administrator.
5.4. External Investment Manager details
Does the Trustee engage an External Investment Manager for funds under management?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Important!
Where the only investment manager (in which the superannuation entity is invested) is either:
then N should be entered in item 5.4.
Name of Investment Manager
Provide the full name of each investment manager.
Important!
The superannuation entity should report the name of all investment managers who provided services during the current reporting period – this includes the names of investment managers who ceased to provide services during the year.
ABN of Investment Manager
Provide the ABN for each investment manager.
Contact Address of Investment Manager
Input the contact address of each investment manager.
5.5. Employer Sponsor Details
Where there is more than one Employer Sponsor please provide the name and other details requested below for each. Where there are more than 10 such Employer Sponsors, only report the 10 largest employer sponsors in terms of members attributable to each employer.
The following details are required to be reported:
Organisation Name
Record the full name of each Employer Sponsor. However, if the return is being completed for:
under Organisation Name.
Important!
The superannuation entity should not report individual employer sponsors from within a group, instead report the name of the group only.
Record the ABN for each Employer Sponsor.
Record the contact address for each Employer Sponsor.
Does the Trustee engage the services of any other service providers?
Respond Y (Yes) or N (No). If Yes, provide details in the table below.
Provide details of any other service(s) provided to, and service providers used by, the superannuation entity (other than those recorded in items 5.1 to 5.4 above) during the financial year. Do not disclose any new service providers who are appointed after the end of the current reporting period.
Role (select from drop down box)
Choose the option from the drop-down box that best describes the type of other services provided:
Provide the full name of the individual who is the service provider and their role. Where applicable show the company name. Where more than one service provider is used please provide the name and other details requested below for all service providers.
ABN of service provider
Provide the ABN for each service provider reported. Enter the ABNs in the same order as the order of the service provider names.
Contact address of service provider
Input the contact address of the service provider. Enter the addresses in the same order as the order of service provider names.
6.1. Number of members at the end of the financial year
Record the number of members in the superannuation entity at the end of the reporting year.
The number of members reported by the superannuation entity at the end of the financial year / reporting period should only be disclosed as zero if the entity has wound up under SRF 340.0 Superannuation Entity Profile item 4.
Numbers of members should be reported in whole numbers.
Important!
SAFs should not have more than 5 members reported in SRF 340.0 Superannuation Entity Profile, item 6.1.
Important!
If a superannuation entity recognises a member with a zero balance as a member of the entity, then these members should be included on SRF 340.0 Superannuation Entity Profile.
6.2. Benefit Type
Classify the superannuation entity according to the following classifications: A, B or C (one classification for each superannuation entity only). It is expected that, for the majority of superannuation entities, the benefit type will be the same as disclosed in the previous year:
(A) Accumulation Benefit Entities - An accumulation superannuation entity is a superannuation entity where the benefit a member receives is the total of specifically defined contributions to the superannuation entity plus earnings on those contributions, minus expenses and tax. Members carry the investment risk with this style of superannuation entity. An accumulation superannuation entity is also referred to as a defined contribution superannuation entity. Do not use this classification if the superannuation entity also contains defined benefit members – use “C” instead.
(B) Defined Benefit Entities (all members defined benefits) - A defined benefit superannuation entity is a superannuation entity where the formula for calculating the retirement benefit (and possibly other benefits also) is specified, usually in terms of years of service with the employer (or years of membership of the superannuation entity) and average salary level over the last few years prior to retirement. For example the formula may be that a member on retiring will receive 15 per cent of final average salary for each year of membership. The employer sponsor/contributor to a defined benefit superannuation entity carries the investment risk. Do not use this classification if the superannuation entity also contains accumulation members – use “C” instead.
(C) Defined Benefit Entities (not all members defined benefits) - Represents a superannuation entity which consists of a combination of both Accumulation (Defined Contribution) and Defined Benefit members. This is sometimes referred to as a “hybrid” superannuation entity.
6.3. What is the amount of "in-house" assets held by the superannuation entity?
Refer in-house asset definition in Part 8 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) for further guidance as well as the solvency requirement in Part 9 of the SIS Regulations. If none, report $Nil.
In-house assets are generally limited to 5% of the market value of an entity’s assets. The following should not be reported at SRF 340.0 Superannuation Entity Profile item 6.3:
In addition, in-house assets held on 11 August 1999, which have been grandfathered, may be excluded.
(Note that an “in-house” asset is not the same thing as assets managed directly/internally by the superannuation entity. Consult the SIS definition noted above for details).
6.4. When was the last external actuarial review commissioned by the Superannuation Entity?
Where applicable (i.e. when the answer to SRF 340.0 Superannuation Entity Profile item 6.2 is B or C) then report the date of the last actuarial review in DD/MM/YYYY format.
Important!
If the superannuation entity is a master trust, and there is more than one defined benefit sub-plan resulting in a number of actuarial review dates, the “last actuarial review” date to be reported is not the latest actuarial review, but should be the oldest actuarial review for the sub-plans in the master trust, at the entity's financial year end i.e. the least recent of the current actuarial valuations performed for each of the sub-plans.
6.5. During the year, did the Superannuation Entity have:
6.5.1 Contribution arrears (applicable where contributions have not been received by the superannuation entity by the expected or agreed date. This can include employer contributions)?
Important!
If there are one or more employer sponsors who are deemed to be in arrears by the superannuation entity, a Yes response should be reported under item 6.5.1.
6.5.2 A contribution holiday (applicable only to defined benefit entities)?
Report Y (Yes) or N (No) for each item. A response should be given for both items. If the superannuation entity is not a defined benefit entity, then an N response should be given to item 6.5.2 to avoid a validation error being raised.
Important!
Materiality does not apply to this item. A Y response should be given in all cases where the superannuation entity had contribution arrears or a contribution holiday, regardless of how large the arrears were or how small the defined benefit entity is.
For example, if the superannuation entity is a master trust, there may be many different underlying employer sponsors. The superannuation entity should respond Y to items 6.5.1 and / or 6.5.2 if any sub-plan employer sponsor had contribution arrears or was on a contributions holiday at any time during the financial year.
6.6. For Defined Benefits Entities only:
Important!
For items 6.6.1 to 6.7.2:
The superannuation entity may have a number of defined benefit plans within it. In such cases, the superannuation entity should consider the following responses:
Report Y (Yes) or N (No).
6.6.2 What are the actuarial projections for investment return for the next financial year?
Report gross of fees and taxation, in percentage terms to one decimal place.
6.6.3 What are the actuarial projections for wage growth for the next financial year?
Report in percentage terms to one decimal place.
6.6.4 What are the actuarial projections for CPI for the next financial year?
Report in percentage terms to one decimal place.
6.7. In the case of contributions for defined benefit entities only:
6.7.1 Has the employer paid the recommended contribution rates?
6.7.2 Has the employer paid at the recommended frequency?
Report Y (Yes) or N (No) whether the employer has paid the recommended contribution rates, and whether at the recommended frequency, throughout the year.
6.8. Self Insurance of Death and or Disability Benefits
Important!
Where the superannuation entity self insures for death and or disability benefits provided to members, has independent actuarial advice been commissioned? Report Y (Yes) or N (No).
Important!
If the superannuation entity does not self insure, leave this item BLANK.
6.8.1 Date of last report
If the answer to item 6.8 above is Yes, provide the date of the last actuarial report in the format DD/MM/YYYY.
6.9. Investment choice
6.9.1 How many investment strategy choices are offered?
Report the number of investment strategy choices offered to members.
Important!
A superannuation entity should include all investment strategy options available across the entity, even when they are not available to all members.
Important!
If there are sub-plans, report the sub-plan with the largest number of options.
6.9.2 What value of member funds has been placed in the default investment strategy as a result of the member failing to select an investment strategy?
Where the response to item 6.9.1 is greater than 1 (i.e. where member investment strategy choice is offered by the superannuation entity), report the value of member funds placed into the default category as a result of the operation of the default mechanism when the member has not advised their preferred choice to the superannuation entity (i.e. do include member funds where the member has actively chosen this strategy).
Item 6.9.2 requires information in relation to the default strategy at financial year end.
Important!
Where the response to item 6.9.1 is 1 (i.e. no choice is offered to members), leave this item BLANK.
Important!
Where failure to nominate is not recorded in an entity's system, the superannuation entity should either:
Entities with sub-plans should report the default value for their largest sub-plan.
6.10 Report the asset allocation of the entity
Report the asset allocation of the default strategy (when multiple investment strategies are offered) or the asset allocation of the one strategy (i.e. the superannuation entity as a whole, where no investment choice is offered), as at the end of the financial year, split between:
Superannuation entities with sub-plans, or superannuation entities with no default strategy, should report the allocation of the largest sub-plan by asset size.
Important!
Report the value for each investment category. The values of the asset allocation of the superannuation entity should be reported in thousands of dollars not as a percentage.
6.11 Did the Superannuation Entity pay commissions and brokerage of the kind mentioned in SIS Regulation 3.10?
Report Y (Yes) or N (No).
Report Y (Yes) or N (No).
6.13. Does the Trustee provide financial advice?
If Yes, provide the following details:
Report Y (Yes) or N (No) if the Superannuation Entity has been subject to a review by the ATO or ASIC during the reporting year. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If Yes, report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Report Y (Yes) or N (No) if the Trustee has been subject to a review by the ATO or ASIC. A ‘review’ will normally involve, at a minimum, a formal written request for information from the regulator and may involve meeting with the regulator.
If yes, when?
If yes report the date of the review. Where there have been multiple reviews or requests for information during the year, report the date of the last (i.e. most recent) meeting or request for information during the reporting year.
Where non-compliance issues have been raised by a regulator other than APRA in respect of non-compliance with the SIS Act and or the Corporations Act 2001, provide the following details:
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a small APRA fund or a single member approved deposit fund to give APRA, on an annual basis, information including details of trustees, service providers, employer sponsors, kinds of benefits offered and the last actuarial review conducted.
This reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:
This reporting standard applies to each trustee of a relevant registered superannuation entity as defined by paragraph 3 and shall begin to apply to those trustees on the later of 1 July 2005 and the date of registration on the Federal Register of Legislative Instruments.
A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was either:
(a) a small APRA fund; or
(b) a single member approved deposit fund.
The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 340.0, in respect of the entity, for each reporting period.
For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.
(a) where subparagraph (b) does not apply:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or
(ii) by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or
(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or
(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.
Note 1: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.
Note 2: See paragraphs 13, 14 and 15 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).
Reporting periods and due dates
Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the Superannuation Industry (Supervision) Act 1993) of the entity.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information in respect of the entity:
(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or
(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision APRA considers it unnecessary to require the trustee to provide the information on an annual basis).
The information required by this reporting standard must be provided to APRA 4 months after the end of the reporting period to which it relates.
APRA may grant a trustee an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Information required under this reporting standard is not required to be audited or tested by the auditor of the superannuation entity.
The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and
(b) if the trustee provides the information on paper under sub-subparagraph 6(a)(ii), the completed form must be signed by an officer of the trustee who is authorised by the trustee to complete and lodge the form.
(a) the agent will not be required to sign or authorise the information; but
(b) the trustee must:
(i) obtain from the agent a paper copy of the completed form as provided to APRA (whether it was provided under sub-subparagraph 6(b)(i) or (ii)); and
(ii) cause the paper copy to be signed by an officer of the trustee authorised by the trustee to sign the paper copy; and
(iii) lodge the signed paper copy with APRA by mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales, by the relevant due date (unless APRA, in writing, determines to waive the requirement under this sub-subparagraph, in relation to the trustee, or a class of trustees of which the trustee is a member, or all trustees).
Note: APRA may, for example, determine to waive the requirement under sub-subparagraph 14(b)(iii) where a trustee has undertaken to retain the signed copy of the completed form for an agreed period of time.
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation
17.18.In this reporting standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;
due date means the relevant due date under paragraph 9 or, if applicable, paragraph 10;
officer in relation to a trustee of a relevant registered superannuation entity means:
(a) if the trustee is a corporation – a director or officer of that corporation;
(b) if the trustee is a natural person – that person; or
(c) if two or more natural persons are trustees of the entity – one of those persons;
regulated superannuation fund has the meaning given by section 19 of the SIS Act;
relevant registered superannuation entity has the meaning given by paragraph 4 of this reporting standard;
reporting period means a reporting period for a relevant registered superannuation entity determined under paragraph 7 or 8, as applicable;
single-member approved deposit fund means an approved deposit fund (within the meaning of subsection 10(1) of the SIS Act) that has only one member.
SIS Act means the Superannuation Industry (Supervision) Act 1993.
small APRA fund means a regulated superannuation fund that has fewer than 5 members and is regulated by APRA under the SIS Act.
superannuation entity has the meaning given by subsection 10(1) of the SIS Act.
Note: Subsection 10(1) of the SIS Act provides that superannuation entity means a regulated superannuation fund, or an approved deposit fund, or a pooled superannuation trust (as defined in the SIS Act).
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires the trustee of a small APRA fund or a single member approved deposit fund to give APRA, on an annual basis, information including details of trustees, service providers, employer sponsors, kinds of benefits offered and the last actuarial review conducted.
This reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:
This reporting standard applies to each trustee of a relevant registered superannuation entity as defined by paragraph 3 and shall begin to apply to those trustees on the later of 1 July 2005 and the date of registration on the Federal Register of Legislative Instruments.
A superannuation entity is a relevant registered superannuation entity if, at the end of the most recent reporting period for the entity, it was either:
(a) a small APRA fund; or
(b) a single member approved deposit fund.
The trustee of a relevant registered superannuation entity must provide APRA with the information required by Form SRF 340.0, in respect of the entity, for each reporting period.
For the avoidance of doubt, if the trustee is trustee of more than one relevant registered superannuation entity, the trustee must separately provide the information required by the form for each of those relevant registered superannuation entities.
(a) where subparagraph (b) does not apply:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application; or
(ii) by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales; or
(b) by means of an agent to whom the trustee has outsourced the function of providing the information on the trustee’s behalf, in which case the agent must provide the information:
(i) in electronic form using the ‘Direct to APRA’ application, applying one of the electronic submission mechanisms under that application: or
(ii) if the agent has contacted APRA and advised that the agent cannot submit the information in electronic form under sub-subparagraph (i), by manually completing SRF 340.0 on paper and mailing the completed form to APRA’s head office at Level 26, 400 George Street, Sydney, New South Wales.
Note 1: The ‘Direct to APRA’ software and relevant forms may be obtained from APRA.
Note 2: See paragraphs 13, 14 and 15 for requirements relating to the authorisation of information provided under this reporting standard (which differ depending on how the information is provided).
Reporting periods and due dates
Subject to paragraph 8, the trustee of a relevant registered superannuation entity must provide the information required by this reporting standard in respect of each year of income (within the meaning of subsection 10(1) of the Superannuation Industry (Supervision) Act 1993) of the entity.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular relevant registered superannuation entity to require the trustee to provide the information in respect of the entity:
(a) more frequently (if, having regard to the particular circumstances of the entity, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the entity); or
(b) less frequently (if, having regard to the particular circumstances of the entity and the extent to which it requires prudential supervision APRA considers it unnecessary to require the trustee to provide the information on an annual basis).
The information required by this reporting standard must be provided to APRA 4 months after the end of the reporting period to which it relates.
APRA may grant a trustee an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Information required under this reporting standard is not required to be audited or tested by the auditor of the superannuation entity.
The information provided by a trustee under this reporting standard must be the product of processes and controls developed by the trustee for the internal review and authorisation of that information. It is the responsibility of the trustee to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
(a) if the trustee uses the ‘Direct to APRA’ application under sub-subparagraph 6(a)(i), an officer of the trustee must digitally sign, authorise and encrypt the information (for which purpose APRA’s certificate authority will issue digital certificates, for use with the ‘Direct to APRA’ application, to officers of the trustee who have authority from the trustee to transmit data to APRA); and
(b) if the trustee provides the i
This is an opening excerpt, not the complete document.