3.0 Investments

Net market value

• In the “Total Net Market Value” column for items 3.1 to 3.9, report the net market value of local investments in Australian Dollars, and of investments in foreign currencies converted into Australian Dollars.
• In the “Net Market Value in Australia” column for items 3.1 to 3.9, report the net market value of investments whose source currency is Australian Dollars (i.e. the investment does not have exposure to foreign currency gains/losses in converting the value into Australian currency).

Both of the above columns should be completed as appropriate.

Items 3.1 to 3.5 relate to investments that are directly held by the superannuation entity as part of the internal investment management of the superannuation entity and do not include underlying assets/investments that are held with external investment managers EXCEPT that investments of the superannuation entity that are held as part of an external individually managed mandate/portfolio are to be reported in this section in accordance with the nature of the underlying investments i.e. a look-through basis is required. Where the superannuation entity’s investments are held by a custodian on behalf of the entity, the investments held by the custodian are treated as the investments of the superannuation entity and should be classified as direct or indirect investments according to the criteria above.

Investments of the superannuation entity that are held with external investment managers (other than through individually managed mandates) are to be reported in item 3.6.

Investments outside Australia are investments which are managed by an investment manager who does not have an Australian operation, and the contract to manage the investment is not with an Australian resident manager.

Investments directly held by the superannuation entity