Reporting level

SRF 531.0 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).

Reporting basis and unit of measurement

Report all items on SRF 531.0 in accordance with the Australian Accounting Standards unless otherwise specified.

Assets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee is free to use those AUD exchange rates that it judges to be a representative closing mid-market rate as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee is expected to use the same exchange rates across all returns to APRA.

Note: for the major currencies, an RSE licensee may want to use the exchange rates available in the Reserve Bank of Australia (RBA), which are available on the RBA website: http://www.rba.gov.au/statistics/hist-exchange-rates/index.html.

Items on SRF 531.0 must be reported as at the end of the reporting period and with respect to transactions that occurred during the reporting period. Report information with respect to transactions occurred during the reporting period on a year to date basis, rather than for the individual quarter alone.

Items on SRF 531.0 are to be reported as thousands of dollars. Report gains as positive values and losses as negative values.

Certain items in SRF 531.0 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:

(a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;

(b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and

(c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[6]

These instructions specify the reporting basis, unit of measurement and APRA look-through basis that applies to each item.