Financial Sector (Collection of Data) determination No. 47 of 2005
12. Net assets available to pay benefits12. Net assets available to pay benefits
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12. Net assets available to pay benefits
Represents SRF 110.0 Statement of Financial Position item 5 ‘Total Assets’ less SRF 110.0 Statement of Financial Position item 11 ‘Total Liabilities’.
Important!
The total at item 12 must equal the total at item 16 ‘Total’.
Important!
If SRF 110.0 Statement of Financial Position item 12 is either $nil or a negative figure, then it is APRA’s expectation that the superannuation entity should have wound up. The wind-up of the superannuation entity should be disclosed in SRF 250.0 Superannuation Entity Profile item 4. In some cases, a superannuation entity providing risk only benefits may have zero assets.
Net assets available to pay benefits is represented by