Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025
In ForceCTH
Jurisdiction
Commonwealth
Collection
legislative instrument
Plain English Summary
7/10 complexity
This APRA reporting standard requires RSE licensees to submit detailed electronic data about each registrable superannuation entity, defined‑benefit RSE and pooled superannuation trust they operate (annual and quarterly tables on promoter agreements, employer‑sponsors, RSE composition, PST investors and lifecycle designs). APRA (and potentially ASIC) will use the data for prudential supervision and publication. RSE licensees bear the reporting, systems and audit costs; APRA sets reporting dates, may vary requirements and requires authorised digital signatures for submissions.
This instrument, Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025, makes Reporting Standard SRS 607.0 RSE Business Model under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act). The delegate (Andrew Robertson, APRA Chief Data Officer) declares the standard will commence at the start of the day after registration on the Federal Register of Legislation (preamble; Authority; Commencement). The Schedule contains the Reporting Standard SRS 607.0 and the associated Reporting Form SRF 607.0 and Instruction Guide.
Mechanically, the Standard does the following (source references are to the Schedule headings and numbered paragraphs):
Specifies who must report: each RSE licensee must supply the Standard’s information in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations (Application, para 1).
Prescribes reporting periodicity and due dates: annual tables (Tables 1A, 1B, 2, 3.1, 3.2) and quarterly tables (Tables 4, 5) with first reporting periods and transitional first-due dates (Reporting periods, para 1 and the reporting table).
First financial-year reporting: first period is the first financial year ending on or after 30 June 2025; RSEs with 30 June year‑end and other RSEs have specific first-due dates (Reporting periods table).
Quarterly reporting: quarters ending 30 Sep/31 Dec/31 Mar/30 Jun; first quarter ending 30 Sep 2025 with first due date 15 December 2025; thereafter 28 calendar days after quarter end (Reporting periods table).
Prescribes form, format and channel: information must be submitted electronically via an APRA electronic method (Form and method of submission, para 1).
Current sections
Direct links to the current provisions in Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025.
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025
Reporting Standard SRS 607.0 RSE Business Model
Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 607.0 RSE Business Model, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.
Under section 15 of the Act, I declare that Reporting Standard SRS 607.0 RSE Business Model shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.
This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Dated: 30 April 2025
Andrew Robertson
Chief Data Officer
Technology and Data Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.
financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) of the Act.
Schedule
Reporting Standard SRS 607.0 RSE Business Model comprises the document commencing on the following page.
This Reporting Standard sets out requirements for the provision of information to APRA relating to the structure of a registrable superannuation entity (RSE), defined benefit RSE or Pooled Superannuation Trust (PST).
It includes Reporting Form SRF 607.0 RSE Business Model and associated specific instructions.
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.
Application
This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].
Commencement
This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Reporting periods
The RSE Licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.
Reporting Form
Reporting Table
Reporting Period
Due date
First reporting period
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
For the first reporting period:15 December 2025 for RSE licensees with 30 June financial year end.Within 3 months after the end of the first reporting period for all other RSE licensees.For subsequent reporting periods for all RSE licensees: Within 3 months after the end of the relevant reporting period.
The first financial year ending on or after 30 June 2025
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
Table 4 MySuper And Choice Lifecycle Stage FactorsTable 5 MySuper And Choice Lifecycle Portfolio Mix Design - Dynamic Mix
Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year
For the first reporting period: 15 December 2025For subsequent reporting periods: 28 calendar days after the end of the relevant reporting period.
The calendar quarter ending on 30 September 2025
Notices
If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or PST.
Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.
APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.
Note: For the avoidance of doubt, APRA’s expectation is that if the due date falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.
Quality control
The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST to which the information relates[2]. This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:
an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and
at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.
Authorisation
When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.
If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:
obtain from the agent a copy of the completed form with the information provided to APRA; and
retain the completed copy.
An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:
the Chief Executive Officer of the RSE licensee; or
the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructions
APRA may make minor variations to:
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
the instructions to a form, to clarify their application to the form,
without changing any substantive requirement in the form or instructions.
If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Chief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[3].
Chief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.
defined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.
due date means the relevant due date under paragraph 5, 7 or, if applicable, paragraph 8 of this Reporting Standard.
financial year means the financial year (within the meaning of the Corporations Act 2001) of the RSE, defined benefit RSE or pooled superannuation trust (PST).
investment option has the meaning given in SRS 101.0.
MySuper product has the meaning given in subsection 10(1) of the SIS Act.
pooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 6 of this Reporting Standard.
RSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, small APRA fund or single member approved deposit fund[4].
RSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.
RSE licensee has the meaning given in subsection 10(1) of the SIS Act.
SIS Act means Superannuation Industry (Supervision) Act 1993.
SRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.
In this Reporting Standard, unless an instrument is not disallowable or a contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.
Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025
Reporting Standard SRS 607.0 RSE Business Model
Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 607.0 RSE Business Model, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.
Under section 15 of the Act, I declare that Reporting Standard SRS 607.0 RSE Business Model shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.
This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Dated: 30 April 2025
Andrew Robertson
Chief Data Officer
Technology and Data Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.
financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) of the Act.
Schedule
Reporting Standard SRS 607.0 RSE Business Model comprises the document commencing on the following page.
This Reporting Standard sets out requirements for the provision of information to APRA relating to the structure of a registrable superannuation entity (RSE), defined benefit RSE or Pooled Superannuation Trust (PST).
It includes Reporting Form SRF 607.0 RSE Business Model and associated specific instructions.
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.
Application
This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].
Commencement
This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Reporting periods
The RSE Licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.
Reporting Form
Reporting Table
Reporting Period
Due date
First reporting period
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
For the first reporting period:15 December 2025 for RSE licensees with 30 June financial year end.Within 3 months after the end of the first reporting period for all other RSE licensees.For subsequent reporting periods for all RSE licensees: Within 3 months after the end of the relevant reporting period.
The first financial year ending on or after 30 June 2025
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
Table 4 MySuper And Choice Lifecycle Stage FactorsTable 5 MySuper And Choice Lifecycle Portfolio Mix Design - Dynamic Mix
Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year
For the first reporting period: 15 December 2025For subsequent reporting periods: 28 calendar days after the end of the relevant reporting period.
The calendar quarter ending on 30 September 2025
Notices
If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or PST.
Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.
APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.
Note: For the avoidance of doubt, APRA’s expectation is that if the due date falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.
Quality control
The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST to which the information relates[2]. This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:
an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and
at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.
Authorisation
When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.
If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:
obtain from the agent a copy of the completed form with the information provided to APRA; and
retain the completed copy.
An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:
the Chief Executive Officer of the RSE licensee; or
the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructions
APRA may make minor variations to:
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
the instructions to a form, to clarify their application to the form,
without changing any substantive requirement in the form or instructions.
If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Chief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[3].
Chief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.
defined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.
due date means the relevant due date under paragraph 5, 7 or, if applicable, paragraph 8 of this Reporting Standard.
financial year means the financial year (within the meaning of the Corporations Act 2001) of the RSE, defined benefit RSE or pooled superannuation trust (PST).
investment option has the meaning given in SRS 101.0.
MySuper product has the meaning given in subsection 10(1) of the SIS Act.
pooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 6 of this Reporting Standard.
RSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, small APRA fund or single member approved deposit fund[4].
RSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.
RSE licensee has the meaning given in subsection 10(1) of the SIS Act.
SIS Act means Superannuation Industry (Supervision) Act 1993.
SRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.
In this Reporting Standard, unless an instrument is not disallowable or a contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.
Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.
Objective of this reporting standard
Objective of this reporting standard
Objective of this reporting standard
This Reporting Standard sets out requirements for the provision of information to APRA relating to the structure of a registrable superannuation entity (RSE), defined benefit RSE or Pooled Superannuation Trust (PST).
It includes Reporting Form SRF 607.0 RSE Business Model and associated specific instructions.
Authority
Authority
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Purpose
Purpose
Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.
Application
Application
Application
This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].
Commencement
Commencement
Commencement
This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Reporting periods
Reporting periods
Reporting periods
The RSE Licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.
Reporting Form
Reporting Table
Reporting Period
Due date
First reporting period
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
For the first reporting period:15 December 2025 for RSE licensees with 30 June financial year end.Within 3 months after the end of the first reporting period for all other RSE licensees.For subsequent reporting periods for all RSE licensees: Within 3 months after the end of the relevant reporting period.
The first financial year ending on or after 30 June 2025
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
Table 4 MySuper And Choice Lifecycle Stage FactorsTable 5 MySuper And Choice Lifecycle Portfolio Mix Design - Dynamic Mix
Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year
For the first reporting period: 15 December 2025For subsequent reporting periods: 28 calendar days after the end of the relevant reporting period.
The calendar quarter ending on 30 September 2025
Notices
Notices
Notices
If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or PST.
Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.
APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.
Note: For the avoidance of doubt, APRA’s expectation is that if the due date falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.
Form and method of submission
Form and method of submission
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.
Quality control
Quality control
Quality control
The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST to which the information relates[2]. This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:
an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and
at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.
Authorisation
Authorisation
Authorisation
When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.
If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:
obtain from the agent a copy of the completed form with the information provided to APRA; and
retain the completed copy.
An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:
the Chief Executive Officer of the RSE licensee; or
the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructi
Minor alterations to forms and instructions
Minor alterations to forms and instructions
APRA may make minor variations to:
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
the instructions to a form, to clarify their application to the form,
without changing any substantive requirement in the form or instructions.
If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.
Interpretation
Interpretation
Interpretation
In this Reporting Standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Chief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[3].
Chief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.
defined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.
due date means the relevant due date under paragraph 5, 7 or, if applicable, paragraph 8 of this Reporting Standard.
financial year means the financial year (within the meaning of the Corporations Act 2001) of the RSE, defined benefit RSE or pooled superannuation trust (PST).
investment option has the meaning given in SRS 101.0.
MySuper product has the meaning given in subsection 10(1) of the SIS Act.
pooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 6 of this Reporting Standard.
RSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, small APRA fund or single member approved deposit fund[4].
RSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.
RSE licensee has the meaning given in subsection 10(1) of the SIS Act.
SIS Act means Superannuation Industry (Supervision) Act 1993.
SRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.
In this Reporting Standard, unless an instrument is not disallowable or a contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.
Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.
Reporting Form SRF 607.0
Reporting Form SRF 607.0
Reporting Form SRF 607.0
RSE Business Model
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 607.0 RSE Business Model (SRF 607.0). This form collects information on the structure of each RSE licensee’s business operations.
General directions and notes
Reporting level
SRF 607.0 must be completed for each RSE licensee in respect of each registrable superannuation entity (RSE), defined benefit RSE and pooled superannuation trust (PST), as relevant, within its business operations.
Reporting tables
Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.
Reporting basis and units of measurement
Amounts in SRF 607.0 are to be reported as percentages or whole numbers. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.
Items on SRF 607.0 must be reported as at the end of the reporting period.
Definitions
Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).
Specific instructions
Table 1A: Promoter agreements
Where the RSE licensee has a Promoter agreement in place with respect to the RSE or any Superannuation Product within the RSE, report information on all Promoter agreements in place at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with a promoter agreement, report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0). Report each superannuation product identifier as a separate line.
2
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where a promoter agreement exists. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0).Report each unique combination of superannuation product identifier and fees and costs arrangement identifier on a separate line.
3
Service Provider Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the service provider identifier for the promoter. The service provider identifier must correspond to a service provider identifier reported in Reporting Standard SRS 332.0 Expenses.
4
Promoter Agreement Start Date
Y
All filers
Date values (dd/mm/yyyy)
Report the Promoter Agreement Start Date.
5
Promoter Agreement Term
All filers
Whole numbers
Where a promoter agreement exists for the superannuation product, report the term of the promoter agreement in years.
6
Promoter Agreement Renewal Date
All filers
Date values (dd/mm/yyyy)
Where a promoter agreement exists for the superannuation product, report the promoter agreement renewal date for the promoter agreement.
7
Promoter Agreement End Date
All filers
Date values (dd/mm/yyyy)
Where the Promoter Agreement ceased during the reporting period, report the Promoter Agreement End Date. Otherwise, leave this field blank.
8
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
9
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
Table 1B: Employer-sponsors
Where the RSE Licensee has Employer-sponsor arrangements in place with respect to the RSE or any Superannuation Product within the RSE, report information all Employer-sponsors accounting for more than 1% of member accounts of the Superannuation Product; or at a minimum the top 20 Employer-sponsors of the Superannuation Product based on the number of member accounts.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with employer-sponsor arrangements, report the superannuation product identifier
2
Employer-sponsor ABN
Y
All filers
ABN Integer
For each superannuation product with employer-sponsor arrangements, report the ABN of all employer-sponsors accounting for more than 1% of member accounts of the superannuation product; or at a minimum the top 20 employer-sponsors of the superannuation product based on the number of member accounts. Report each employer-sponsor ABN as a separate line.
3
Employer-sponsor Name
All filers
Free text
Report the employer-sponsor business name.
4
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where employer-sponsor arrangements exist. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRS605.0. Report each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier on a separate line.
5
Employer Exit Type
All filers
Retain Employer Fees And Costs ArrangementDelinked Fees And Costs Arrangement
Report the fees and costs arrangement that will apply to employees who exit the employer.
6
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
7
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
Table 2: RSE Composition
Report each RSE that was licensed by APRA at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
RSE ABN
Y
All filers
ABN Integer
Report the RSE ABN/ABNs for all RSEs operated by the RSE Licensee. Report each RSE ABN as a separate line.
2
In-house Assets Held By The RSE
All filers
Dollar values
Report the value of in-house assets held by the RSE. If no in-house assets are held by the RSE, report 0.
3
In-house Assets For Which The Entity Has An Exemption By APRA
All filers
Dollar values
Report the value of in-house assets held by the RSE for which the entity has an exemption from APRA in writing. Otherwise, report 0.
4
Membership Base Type
All filers
Government BaseCorporate BaseIndustry BaseGeneral Base
Report the predominant base of members within the RSE. Where an RSE’s membership base type might be classified as more than one type of membership base type, apply the hierarchy outlined in Attachment A to these instructions when completing this item.
5
Member Complaints Received
All filers
Integer
Report the number of members complaints received from members of the RSE during the reporting period. Where no members complaints were received during the reporting period, report 0.
Table 3: PST Investor Information
Report as at the end of the reporting period:
- each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST; and/or
- each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.
Table 3.1 - PST Redemption Notice Period
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Redemption Notice Period
All filers
Whole numbers
Report the standard notice period in days required by investors for payment of withdrawals.
Table 3.2 - PST Investor Information
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Investor ABN
Y
All filers
ABN Integer
Report the ABN of the investor in the PST.
2
PST Investor Name
All filers
Free text
Report the name of the investor in the PST. Report each investor as a separate line.
3
Associate
All filers
YesNo
Report if the investor is an Associate of the PST. Report for each investor listed.
4
Amount Held By PST Investor
All filers
Dollar values
Report the value of investment in the PST held by the investor.
5
Percentage Held By PST Investor
All filers
Percentage to 2 decimal places
Report the value of investment in the PST held by the investor, as a percentage of the total investment value of the PST.
Table 4: MySuper And Choice Lifecycle Stage Factors
Report each lifecycle option offered by the RSE and the defining attributes of the lifecycle option.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Where age is a factor used to determine allocation to a lifecycle stage, report the minimum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
4
Maximum Age
All filers
Whole numbers
Where age is a factor used to determine allocation to a lifecycle stage, report the maximum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
5
Gender
All filers
FemaleMaleNon-binaryNot Applicable
Where gender is a factor used to determine allocation to a lifecycle stage, report the gender. Where gender is not a determinant for membership in a lifecycle stage, report ‘Not Applicable’.
6
Minimum Account Balance
All filers
Whole dollars
Where a minimum account balance is set for a lifecycle stage, report the minimum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
7
Maximum Account Balance
All filers
Whole dollars
Where a maximum account balance is set for a lifecycle stage, report the maximum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
8
Minimum Contribution Rate
All filers
Percentage to 2 decimal places
Where a minimum contribution rate is set for a lifecycle stage, report the minimum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
9
Maximum Contribution Rate
All filers
Percentage to 2 decimal places
Where a maximum contribution rate is set for a lifecycle stage, report the maximum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
10
Minimum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the minimum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
11
Maximum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the maximum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
12
Minimum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the minimum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
13
Maximum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the maximum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
14
Other Factors
All filers
YesNo
Where other factors are used to determine allocation to a lifecycle stage, report the other factors.
15
Description Of Other Factors
All filers
Free text
Where other factors allowable under Regulation 9.47 of SIS Regulations are used to determine allocation to a lifecycle stage, report a description of the other factors. Where other factors are not a determinant for membership in a lifecycle stage, leave this field blank.
For RSEs offering a 'Lifecycle Portfolio Mix Design - Dynamic Mix' representative stage lifecycle option, report the investment options and respective % allocation that comprise the underlying investment pool for each lifecycle representative stage.
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for each lifecycle portfolio mix design – dynamic mix.
2
Underlying Investment Pool - Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for all investment options the lifecycle portfolio mix design – dynamic mix is invested into. The investment option identifier must correspond to an investment option identifier reported in Reporting Form SRF 605.0 RSE Structure in SRS 605.0.
3
Percentage Allocation To Investment Pool
All filers
Percentage to 2 decimal places
For each investment option utilised as part of the underlying investment mix for the lifecycle investment option, report the percentage of allocation to that investment option.
Instruction Guide
Instruction Guide
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 607.0 RSE Business Model (SRF 607.0). This form collects information on the structure of each RSE licensee’s business operations.
General directions and notes
General directions and notes
Reporting Form SRF 607.0
RSE Business Model
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 607.0 RSE Business Model (SRF 607.0). This form collects information on the structure of each RSE licensee’s business operations.
General directions and notes
Reporting level
SRF 607.0 must be completed for each RSE licensee in respect of each registrable superannuation entity (RSE), defined benefit RSE and pooled superannuation trust (PST), as relevant, within its business operations.
Reporting tables
Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.
Reporting basis and units of measurement
Amounts in SRF 607.0 are to be reported as percentages or whole numbers. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.
Items on SRF 607.0 must be reported as at the end of the reporting period.
Definitions
Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).
Specific instructions
Table 1A: Promoter agreements
Where the RSE licensee has a Promoter agreement in place with respect to the RSE or any Superannuation Product within the RSE, report information on all Promoter agreements in place at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with a promoter agreement, report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0). Report each superannuation product identifier as a separate line.
2
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where a promoter agreement exists. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0).Report each unique combination of superannuation product identifier and fees and costs arrangement identifier on a separate line.
3
Service Provider Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the service provider identifier for the promoter. The service provider identifier must correspond to a service provider identifier reported in Reporting Standard SRS 332.0 Expenses.
4
Promoter Agreement Start Date
Y
All filers
Date values (dd/mm/yyyy)
Report the Promoter Agreement Start Date.
5
Promoter Agreement Term
All filers
Whole numbers
Where a promoter agreement exists for the superannuation product, report the term of the promoter agreement in years.
6
Promoter Agreement Renewal Date
All filers
Date values (dd/mm/yyyy)
Where a promoter agreement exists for the superannuation product, report the promoter agreement renewal date for the promoter agreement.
7
Promoter Agreement End Date
All filers
Date values (dd/mm/yyyy)
Where the Promoter Agreement ceased during the reporting period, report the Promoter Agreement End Date. Otherwise, leave this field blank.
8
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
9
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
Table 1B: Employer-sponsors
Where the RSE Licensee has Employer-sponsor arrangements in place with respect to the RSE or any Superannuation Product within the RSE, report information all Employer-sponsors accounting for more than 1% of member accounts of the Superannuation Product; or at a minimum the top 20 Employer-sponsors of the Superannuation Product based on the number of member accounts.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with employer-sponsor arrangements, report the superannuation product identifier
2
Employer-sponsor ABN
Y
All filers
ABN Integer
For each superannuation product with employer-sponsor arrangements, report the ABN of all employer-sponsors accounting for more than 1% of member accounts of the superannuation product; or at a minimum the top 20 employer-sponsors of the superannuation product based on the number of member accounts. Report each employer-sponsor ABN as a separate line.
3
Employer-sponsor Name
All filers
Free text
Report the employer-sponsor business name.
4
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where employer-sponsor arrangements exist. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRS605.0. Report each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier on a separate line.
5
Employer Exit Type
All filers
Retain Employer Fees And Costs ArrangementDelinked Fees And Costs Arrangement
Report the fees and costs arrangement that will apply to employees who exit the employer.
6
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
7
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
Table 2: RSE Composition
Report each RSE that was licensed by APRA at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
RSE ABN
Y
All filers
ABN Integer
Report the RSE ABN/ABNs for all RSEs operated by the RSE Licensee. Report each RSE ABN as a separate line.
2
In-house Assets Held By The RSE
All filers
Dollar values
Report the value of in-house assets held by the RSE. If no in-house assets are held by the RSE, report 0.
3
In-house Assets For Which The Entity Has An Exemption By APRA
All filers
Dollar values
Report the value of in-house assets held by the RSE for which the entity has an exemption from APRA in writing. Otherwise, report 0.
4
Membership Base Type
All filers
Government BaseCorporate BaseIndustry BaseGeneral Base
Report the predominant base of members within the RSE. Where an RSE’s membership base type might be classified as more than one type of membership base type, apply the hierarchy outlined in Attachment A to these instructions when completing this item.
5
Member Complaints Received
All filers
Integer
Report the number of members complaints received from members of the RSE during the reporting period. Where no members complaints were received during the reporting period, report 0.
Table 3: PST Investor Information
Report as at the end of the reporting period:
- each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST; and/or
- each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.
Table 3.1 - PST Redemption Notice Period
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Redemption Notice Period
All filers
Whole numbers
Report the standard notice period in days required by investors for payment of withdrawals.
Table 3.2 - PST Investor Information
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Investor ABN
Y
All filers
ABN Integer
Report the ABN of the investor in the PST.
2
PST Investor Name
All filers
Free text
Report the name of the investor in the PST. Report each investor as a separate line.
3
Associate
All filers
YesNo
Report if the investor is an Associate of the PST. Report for each investor listed.
4
Amount Held By PST Investor
All filers
Dollar values
Report the value of investment in the PST held by the investor.
5
Percentage Held By PST Investor
All filers
Percentage to 2 decimal places
Report the value of investment in the PST held by the investor, as a percentage of the total investment value of the PST.
Table 4: MySuper And Choice Lifecycle Stage Factors
Report each lifecycle option offered by the RSE and the defining attributes of the lifecycle option.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Where age is a factor used to determine allocation to a lifecycle stage, report the minimum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
4
Maximum Age
All filers
Whole numbers
Where age is a factor used to determine allocation to a lifecycle stage, report the maximum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
5
Gender
All filers
FemaleMaleNon-binaryNot Applicable
Where gender is a factor used to determine allocation to a lifecycle stage, report the gender. Where gender is not a determinant for membership in a lifecycle stage, report ‘Not Applicable’.
6
Minimum Account Balance
All filers
Whole dollars
Where a minimum account balance is set for a lifecycle stage, report the minimum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
7
Maximum Account Balance
All filers
Whole dollars
Where a maximum account balance is set for a lifecycle stage, report the maximum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
8
Minimum Contribution Rate
All filers
Percentage to 2 decimal places
Where a minimum contribution rate is set for a lifecycle stage, report the minimum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
9
Maximum Contribution Rate
All filers
Percentage to 2 decimal places
Where a maximum contribution rate is set for a lifecycle stage, report the maximum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
10
Minimum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the minimum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
11
Maximum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the maximum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
12
Minimum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the minimum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
13
Maximum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the maximum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
14
Other Factors
All filers
YesNo
Where other factors are used to determine allocation to a lifecycle stage, report the other factors.
15
Description Of Other Factors
All filers
Free text
Where other factors allowable under Regulation 9.47 of SIS Regulations are used to determine allocation to a lifecycle stage, report a description of the other factors. Where other factors are not a determinant for membership in a lifecycle stage, leave this field blank.
For RSEs offering a 'Lifecycle Portfolio Mix Design - Dynamic Mix' representative stage lifecycle option, report the investment options and respective % allocation that comprise the underlying investment pool for each lifecycle representative stage.
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for each lifecycle portfolio mix design – dynamic mix.
2
Underlying Investment Pool - Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for all investment options the lifecycle portfolio mix design – dynamic mix is invested into. The investment option identifier must correspond to an investment option identifier reported in Reporting Form SRF 605.0 RSE Structure in SRS 605.0.
3
Percentage Allocation To Investment Pool
All filers
Percentage to 2 decimal places
For each investment option utilised as part of the underlying investment mix for the lifecycle investment option, report the percentage of allocation to that investment option.
Reporting level
Reporting level
Reporting level
SRF 607.0 must be completed for each RSE licensee in respect of each registrable superannuation entity (RSE), defined benefit RSE and pooled superannuation trust (PST), as relevant, within its business operations.
Reporting tables
Reporting tables
Reporting tables
Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.
Reporting basis and units of measurement
Reporting basis and units of measurement
Reporting basis and units of measurement
Amounts in SRF 607.0 are to be reported as percentages or whole numbers. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.
Items on SRF 607.0 must be reported as at the end of the reporting period.
Definitions
Definitions
Definitions
Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).
Specific instructions
Specific instructions
Reporting Form SRF 607.0
RSE Business Model
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 607.0 RSE Business Model (SRF 607.0). This form collects information on the structure of each RSE licensee’s business operations.
General directions and notes
Reporting level
SRF 607.0 must be completed for each RSE licensee in respect of each registrable superannuation entity (RSE), defined benefit RSE and pooled superannuation trust (PST), as relevant, within its business operations.
Reporting tables
Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.
Reporting basis and units of measurement
Amounts in SRF 607.0 are to be reported as percentages or whole numbers. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.
Items on SRF 607.0 must be reported as at the end of the reporting period.
Definitions
Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).
Specific instructions
Table 1A: Promoter agreements
Where the RSE licensee has a Promoter agreement in place with respect to the RSE or any Superannuation Product within the RSE, report information on all Promoter agreements in place at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with a promoter agreement, report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0). Report each superannuation product identifier as a separate line.
2
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where a promoter agreement exists. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0).Report each unique combination of superannuation product identifier and fees and costs arrangement identifier on a separate line.
3
Service Provider Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the service provider identifier for the promoter. The service provider identifier must correspond to a service provider identifier reported in Reporting Standard SRS 332.0 Expenses.
4
Promoter Agreement Start Date
Y
All filers
Date values (dd/mm/yyyy)
Report the Promoter Agreement Start Date.
5
Promoter Agreement Term
All filers
Whole numbers
Where a promoter agreement exists for the superannuation product, report the term of the promoter agreement in years.
6
Promoter Agreement Renewal Date
All filers
Date values (dd/mm/yyyy)
Where a promoter agreement exists for the superannuation product, report the promoter agreement renewal date for the promoter agreement.
7
Promoter Agreement End Date
All filers
Date values (dd/mm/yyyy)
Where the Promoter Agreement ceased during the reporting period, report the Promoter Agreement End Date. Otherwise, leave this field blank.
8
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
9
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
Table 1B: Employer-sponsors
Where the RSE Licensee has Employer-sponsor arrangements in place with respect to the RSE or any Superannuation Product within the RSE, report information all Employer-sponsors accounting for more than 1% of member accounts of the Superannuation Product; or at a minimum the top 20 Employer-sponsors of the Superannuation Product based on the number of member accounts.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with employer-sponsor arrangements, report the superannuation product identifier
2
Employer-sponsor ABN
Y
All filers
ABN Integer
For each superannuation product with employer-sponsor arrangements, report the ABN of all employer-sponsors accounting for more than 1% of member accounts of the superannuation product; or at a minimum the top 20 employer-sponsors of the superannuation product based on the number of member accounts. Report each employer-sponsor ABN as a separate line.
3
Employer-sponsor Name
All filers
Free text
Report the employer-sponsor business name.
4
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where employer-sponsor arrangements exist. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRS605.0. Report each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier on a separate line.
5
Employer Exit Type
All filers
Retain Employer Fees And Costs ArrangementDelinked Fees And Costs Arrangement
Report the fees and costs arrangement that will apply to employees who exit the employer.
6
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
7
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
Table 2: RSE Composition
Report each RSE that was licensed by APRA at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
RSE ABN
Y
All filers
ABN Integer
Report the RSE ABN/ABNs for all RSEs operated by the RSE Licensee. Report each RSE ABN as a separate line.
2
In-house Assets Held By The RSE
All filers
Dollar values
Report the value of in-house assets held by the RSE. If no in-house assets are held by the RSE, report 0.
3
In-house Assets For Which The Entity Has An Exemption By APRA
All filers
Dollar values
Report the value of in-house assets held by the RSE for which the entity has an exemption from APRA in writing. Otherwise, report 0.
4
Membership Base Type
All filers
Government BaseCorporate BaseIndustry BaseGeneral Base
Report the predominant base of members within the RSE. Where an RSE’s membership base type might be classified as more than one type of membership base type, apply the hierarchy outlined in Attachment A to these instructions when completing this item.
5
Member Complaints Received
All filers
Integer
Report the number of members complaints received from members of the RSE during the reporting period. Where no members complaints were received during the reporting period, report 0.
Table 3: PST Investor Information
Report as at the end of the reporting period:
- each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST; and/or
- each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.
Table 3.1 - PST Redemption Notice Period
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Redemption Notice Period
All filers
Whole numbers
Report the standard notice period in days required by investors for payment of withdrawals.
Table 3.2 - PST Investor Information
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Investor ABN
Y
All filers
ABN Integer
Report the ABN of the investor in the PST.
2
PST Investor Name
All filers
Free text
Report the name of the investor in the PST. Report each investor as a separate line.
3
Associate
All filers
YesNo
Report if the investor is an Associate of the PST. Report for each investor listed.
4
Amount Held By PST Investor
All filers
Dollar values
Report the value of investment in the PST held by the investor.
5
Percentage Held By PST Investor
All filers
Percentage to 2 decimal places
Report the value of investment in the PST held by the investor, as a percentage of the total investment value of the PST.
Table 4: MySuper And Choice Lifecycle Stage Factors
Report each lifecycle option offered by the RSE and the defining attributes of the lifecycle option.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Where age is a factor used to determine allocation to a lifecycle stage, report the minimum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
4
Maximum Age
All filers
Whole numbers
Where age is a factor used to determine allocation to a lifecycle stage, report the maximum allowable age. Where age is not a determinant for membership in a lifecycle stage, leave this field blank.
5
Gender
All filers
FemaleMaleNon-binaryNot Applicable
Where gender is a factor used to determine allocation to a lifecycle stage, report the gender. Where gender is not a determinant for membership in a lifecycle stage, report ‘Not Applicable’.
6
Minimum Account Balance
All filers
Whole dollars
Where a minimum account balance is set for a lifecycle stage, report the minimum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
7
Maximum Account Balance
All filers
Whole dollars
Where a maximum account balance is set for a lifecycle stage, report the maximum account balance. Where account balance is not a determinant for membership in a lifecycle stage, leave this field blank.
8
Minimum Contribution Rate
All filers
Percentage to 2 decimal places
Where a minimum contribution rate is set for a lifecycle stage, report the minimum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
9
Maximum Contribution Rate
All filers
Percentage to 2 decimal places
Where a maximum contribution rate is set for a lifecycle stage, report the maximum contribution rate. Where contribution rate is not a determinant for membership in a lifecycle stage, leave this field blank.
10
Minimum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the minimum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
11
Maximum Current Salary
All filers
Whole dollars
Where salary is used to determine allocation to a lifecycle stage, report the maximum current salary. Where salary is not a determinant for membership in a lifecycle stage, leave this field blank.
12
Minimum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the minimum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
13
Maximum Time Remaining To Retirement
All filers
Whole numbers
Where time remaining to retirement is used to determine allocation to a lifecycle stage, report the maximum time remaining to retirement in years. Where time to retirement is not a determinant for membership in a lifecycle stage, leave this field blank.
14
Other Factors
All filers
YesNo
Where other factors are used to determine allocation to a lifecycle stage, report the other factors.
15
Description Of Other Factors
All filers
Free text
Where other factors allowable under Regulation 9.47 of SIS Regulations are used to determine allocation to a lifecycle stage, report a description of the other factors. Where other factors are not a determinant for membership in a lifecycle stage, leave this field blank.
For RSEs offering a 'Lifecycle Portfolio Mix Design - Dynamic Mix' representative stage lifecycle option, report the investment options and respective % allocation that comprise the underlying investment pool for each lifecycle representative stage.
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for each lifecycle portfolio mix design – dynamic mix.
2
Underlying Investment Pool - Investment Option Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the investment option identifier for all investment options the lifecycle portfolio mix design – dynamic mix is invested into. The investment option identifier must correspond to an investment option identifier reported in Reporting Form SRF 605.0 RSE Structure in SRS 605.0.
3
Percentage Allocation To Investment Pool
All filers
Percentage to 2 decimal places
For each investment option utilised as part of the underlying investment mix for the lifecycle investment option, report the percentage of allocation to that investment option.
Table 1A: Promoter agreements
Table 1A: Promoter agreements
Table 1A: Promoter agreements
Where the RSE licensee has a Promoter agreement in place with respect to the RSE or any Superannuation Product within the RSE, report information on all Promoter agreements in place at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with a promoter agreement, report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0). Report each superannuation product identifier as a separate line.
2
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where a promoter agreement exists. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in Reporting Standard SRS 605.0 RSE Structure (SRS 605.0).Report each unique combination of superannuation product identifier and fees and costs arrangement identifier on a separate line.
3
Service Provider Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the service provider identifier for the promoter. The service provider identifier must correspond to a service provider identifier reported in Reporting Standard SRS 332.0 Expenses.
4
Promoter Agreement Start Date
Y
All filers
Date values (dd/mm/yyyy)
Report the Promoter Agreement Start Date.
5
Promoter Agreement Term
All filers
Whole numbers
Where a promoter agreement exists for the superannuation product, report the term of the promoter agreement in years.
6
Promoter Agreement Renewal Date
All filers
Date values (dd/mm/yyyy)
Where a promoter agreement exists for the superannuation product, report the promoter agreement renewal date for the promoter agreement.
7
Promoter Agreement End Date
All filers
Date values (dd/mm/yyyy)
Where the Promoter Agreement ceased during the reporting period, report the Promoter Agreement End Date. Otherwise, leave this field blank.
8
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
9
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, fees and costs arrangement identifier and service provider identifier.
Table 1B: Employer-sponsors
Table 1B: Employer-sponsors
Table 1B: Employer-sponsors
Where the RSE Licensee has Employer-sponsor arrangements in place with respect to the RSE or any Superannuation Product within the RSE, report information all Employer-sponsors accounting for more than 1% of member accounts of the Superannuation Product; or at a minimum the top 20 Employer-sponsors of the Superannuation Product based on the number of member accounts.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
For all superannuation products with employer-sponsor arrangements, report the superannuation product identifier
2
Employer-sponsor ABN
Y
All filers
ABN Integer
For each superannuation product with employer-sponsor arrangements, report the ABN of all employer-sponsors accounting for more than 1% of member accounts of the superannuation product; or at a minimum the top 20 employer-sponsors of the superannuation product based on the number of member accounts. Report each employer-sponsor ABN as a separate line.
3
Employer-sponsor Name
All filers
Free text
Report the employer-sponsor business name.
4
Fees And Costs Arrangement Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the fees and costs arrangement identifier for the fees and costs arrangement for each superannuation product where employer-sponsor arrangements exist. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRS605.0. Report each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier on a separate line.
5
Employer Exit Type
All filers
Retain Employer Fees And Costs ArrangementDelinked Fees And Costs Arrangement
Report the fees and costs arrangement that will apply to employees who exit the employer.
6
Member Accounts Count
All filers
Whole numbers
Report the number of member accounts for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
7
Member Assets Amount
All filers
Dollar values
Report the value of member assets for each unique combination of superannuation product identifier, employer-sponsor ABN and fees and costs arrangement identifier.
Table 2: RSE Composition
Table 2: RSE Composition
Table 2: RSE Composition
Report each RSE that was licensed by APRA at any time during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
RSE ABN
Y
All filers
ABN Integer
Report the RSE ABN/ABNs for all RSEs operated by the RSE Licensee. Report each RSE ABN as a separate line.
2
In-house Assets Held By The RSE
All filers
Dollar values
Report the value of in-house assets held by the RSE. If no in-house assets are held by the RSE, report 0.
3
In-house Assets For Which The Entity Has An Exemption By APRA
All filers
Dollar values
Report the value of in-house assets held by the RSE for which the entity has an exemption from APRA in writing. Otherwise, report 0.
4
Membership Base Type
All filers
Government BaseCorporate BaseIndustry BaseGeneral Base
Report the predominant base of members within the RSE. Where an RSE’s membership base type might be classified as more than one type of membership base type, apply the hierarchy outlined in Attachment A to these instructions when completing this item.
5
Member Complaints Received
All filers
Integer
Report the number of members complaints received from members of the RSE during the reporting period. Where no members complaints were received during the reporting period, report 0.
Table 3: PST Investor Information
Table 3: PST Investor Information
Table 3: PST Investor Information
Report as at the end of the reporting period:
- each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST; and/or
- each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.
Table 3.1 - PST Redemption Notice Period
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Redemption Notice Period
All filers
Whole numbers
Report the standard notice period in days required by investors for payment of withdrawals.
Table 3.2 - PST Investor Information
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
PST Investor ABN
Y
All filers
ABN Integer
Report the ABN of the investor in the PST.
2
PST Investor Name
All filers
Free text
Report the name of the investor in the PST. Report each investor as a separate line.
3
Associate
All filers
YesNo
Report if the investor is an Associate of the PST. Report for each investor listed.
4
Amount Held By PST Investor
All filers
Dollar values
Report the value of investment in the PST held by the investor.
5
Percentage Held By PST Investor
All filers
Percentage to 2 decimal places
Report the value of investment in the PST held by the investor, as a percentage of the total investment value of the PST.
More sections below
Source text: opening excerpt
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
Reporting Standard SRS 607.0 Reporting Standard SRS 607.0
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025
Reporting Standard SRS 607.0 RSE Business Model
Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 607.0 RSE Business Model, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.
Under section 15 of the Act, I declare that Reporting Standard SRS 607.0 RSE Business Model shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.
This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Dated: 30 April 2025
Andrew Robertson
Chief Data Officer
Technology and Data Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.
financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) of the Act.
Schedule
Reporting Standard SRS 607.0 RSE Business Model comprises the document commencing on the following page.
Reporting Standard SRS 607.0
RSE Business Model
Objective of this reporting standard
This Reporting Standard sets out requirements for the provision of information to APRA relating to the structure of a registrable superannuation entity (RSE), defined benefit RSE or Pooled Superannuation Trust (PST).
It includes Reporting Form SRF 607.0 RSE Business Model and associated specific instructions.
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.
Sets data quality and assurance requirements: submissions must be the product of systems, procedures and internal controls reviewed and tested by the RSE auditor, with review at least annually and an engagement of at least limited assurance consistent with professional standards and SPS 310 (Quality control, para 1).
Requires digital authorisation and authorised submitters: electronic submissions must be digitally signed with APRA‑acceptable certificates and officers/agents who submit must be authorised by the CEO or CFO; agent submissions require the RSE licensee to obtain and retain a copy of the completed form (Authorisation, paras 1-3).
Defines the content to be reported: the Instruction Guide and SRF 607.0 list reporting tables and field‑level constraints (Reporting Form SRF 607.0; Instruction Guide; Specific instructions, Tables 1A-5). Key data elements include promoter agreements, employer‑sponsors (top 20 or >1% rule), RSE composition (in‑house assets, membership base type, complaints), PST investor information (ABN, amounts, associates), and MySuper/choice lifecycle product design factors and dynamic mix allocations (Tables 1A-5).
Links reporting items to other APRA standards and external instruments: the Standard requires identifiers to correspond to SRS 605.0 and SRS 332.0, uses definitions from SRS 101.0 and SIS Act and references SPS 310 and auditing standards (Definitions; Quality control).
The Standard also (a) gives APRA procedural powers to vary reporting frequency for particular RSEs by written notice and to grant extensions (Notices, paras 1-3), and (b) authorises APRA to make minor variations to forms and instructions to correct technical errors without changing substantive requirements, subject to notifying RSE licensees (Minor alterations, paras 1-2). The Purpose statement records APRA’s intended uses of the collected information: prudential supervision and publication, and possible use by ASIC (Purpose, para 1).
That is the concrete, operative change: a new, APRA-made reporting standard with defined tables, formats, due dates, quality assurance and authorisation rules that binds RSE licensees to supply specified structural and product‑design data to APRA on the stated rhythm.
Main concepts
The Reporting Standard organises reporting around three principal concepts: scope (who and what must be reported), data model (what fields and formats are required), and assurance/authorisation (who signs off and how accuracy is assured). Each concept is concretely specified in the text.
Scope and definitions
“RSE licensee” and the covered entities are those defined in the SIS Act (Application, para 1; Definitions). The Standard applies to each RSE licensee in respect of each RSE, defined benefit RSE and PST “within its business operations” (Application, para 1).
The Schedule incorporates statutory cross‑references: defined benefit RSE, PST and MySuper product are defined by the SIS Act; “investment option” is defined by SRS 101.0 (Definitions). The Standard also treats “financial year” as per the Corporations Act (Definitions).
Data model and tables
The Reporting Form SRF 607.0 and Instruction Guide form the data model. The form is organised into tables, each with tightly constrained fields, types and primary‑key rules (Reporting Form SRF 607.0; Instruction Guide; Specific instructions).
Key tables:
Table 1A Promoter agreements: links superannuation product identifiers (to SRS 605.0), fees and costs arrangement IDs, service provider IDs (to SRS 332.0), dates, member counts and assets.
Table 1B Employer‑sponsors: requires ABNs for sponsors meeting the >1% or top‑20 rule, employer exit fee arrangements, member counts/assets.
Table 2 RSE Composition: RSE ABN, in‑house assets, APRA exemption amounts, membership base type (with hierarchy in Attachment A), member complaints.
Table 3 PST Investor Information: PST redemption notice period, investor ABN and name, association flag, amounts and percentage holdings.
Table 4 MySuper/Choice lifecycle stage factors: investment option identifiers, lifecycle design type, demographic and balance/salary/time thresholds, “other factors” with reference to Regulation 9.47 of SIS Regulations.
Table 5 Dynamic mix allocations: for each dynamic lifecycle representative stage, underlying investment option identifiers and percentage allocation; investment option IDs must correspond to SRF 605.0 (Tables 4-5).
Units and formatting rules are prescriptive: percentages must be reported as unconverted numbers to four decimal places (e.g. 12.34% → 0.1234); dates must use dd/mm/yyyy; amounts are in dollars; strings/IDs limited to 20 alphanumeric characters (Instruction Guide; Reporting basis and units of measurement).
Assurance and authorisation
The Standard requires the RSE auditor to review and test systems, procedures and controls and to perform at least a limited assurance engagement consistent with Auditing and Assurance Standards Board guidance and SPS 310 (Quality control, para 1).
Submissions must be digitally signed with an APRA‑acceptable certificate; signatory authority is constrained to officers authorised by the CEO or CFO (Authorisation, paras 1 and 3). Agent submissions require retention of a copy by the licensee (Authorisation, para 2).
Process and APRA discretion
APRA can change reporting frequency for particular entities by written notice and can grant extensions (Notices, paras 1-3).
APRA may make minor non‑substantive variations to forms and instructions and must notify affected licensees (Minor alterations, paras 1-2).
Publication and cross‑use
The Purpose clause explicitly says the data is used for prudential supervision and publication and may be used by ASIC (Purpose, para 1). The Standard therefore contemplates both internal regulatory analysis and some level of public reporting.
These concepts combine into a prescriptive workflow: licensees map internal product and counterparty identifiers to APRA SRS identifiers (SRS 605.0, SRS 332.0), capture end‑of‑period snapshots in the prescribed formats, engage auditors for periodic assurance work, obtain authorised digital certificates, and submit electronically to APRA within the prescribed deadlines.
Who it affects
Primary actors
RSE licensees. The Standard applies to “each RSE licensee in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations” (Application, para 1). That is the legal entity that bears the reporting duty and the authorisation obligations (Authorisation, para 3).
RSE auditors. The Standard requires an RSE auditor to review and test systems, procedures and internal controls and perform at least a limited assurance engagement (Quality control, para 1). The auditor’s role is procedural and limited to assurance over the reporting processes specified.
Secondary actors and implicated parties
Promoters and service providers. Table 1A requires reporting of promoter service provider identifiers that must correspond to service provider IDs in SRS 332.0 (Table 1A description). Where promoter agreements exist, the RSE must report agreement start dates, terms, member counts and member assets related to that service provider (Table 1A fields).
Employer‑sponsors. Table 1B compels RSEs to report ABNs and names of employer‑sponsors that account for more than 1% of member accounts, or at minimum the top 20 employer‑sponsors by account count for each product. Employers who meet these thresholds will be identified in APRA’s dataset (Table 1B).
PST investors. Table 3.2 requires listing PST investors that are RSEs under the same RSE licensee trusteeship or the ten largest investors if under different trusteeship; it requires ABN, name, associate flag and holdings (Table 3.2).
Product designers and investment managers. Tables 4 and 5 require granular disclosure of lifecycle product design choices (age, gender, balance/salary thresholds, “other factors” per Reg 9.47) and dynamic mix allocations (underlying investment option IDs and percentage allocations). These disclosures implicate product strategists and investment management counterparties because their portfolio mixes become reportable at the investment‑option level (Tables 4-5).
Other regulatory bodies
APRA and ASIC are named data users: the Purpose clause states APRA will use information for prudential supervision and publication and that it “may also be used by the Australian Securities and Investments Commission” (Purpose, para 1). This makes ASIC a potential secondary consumer of the dataset.
IT and compliance functions
Chief Executive Officer and Chief Financial Officer of the RSE licensee are named as the officers who may authorise agents or officers to submit (Authorisation, para 3). The requirement for digital certificates acceptable to APRA (Authorisation, para 1) and strict field formatting will engage IT teams to implement submission and validation processes.
Who does not appear to be required to report
Individual members, employers below reporting thresholds in Table 1B, counterparties that are not service providers or investors meeting the PST criteria are not directly required by this text to report. The Standard itself assigns the reporting duty to RSE licensees.
Distribution of compliance burden
The reporting burden is concentrated on RSE licensees and their appointed auditors. Preparers must map internal identifiers to APRA SRS identifiers (SRS 605.0, SRS 332.0) and ensure systems capture the required end‑of‑period snapshots in prescribed formats. Employers and service providers will experience indirect effects because their ABNs/names and arrangements may be reported; they may receive queries or requests for information from the RSE licensee during data compilation.
Geographic and temporal coverage
The Standard’s application is determined by the RSE licensee’s operations (Application, para 1). Reporting periods commence with the first financial year ending on or after 30 June 2025 for annual items and the calendar quarter ending 30 September 2025 for quarterly items (Reporting periods table).
Key duties and rights
Statutory basis and commencement
Duty origin: The Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001, and is a delegable instrument made by an APRA delegate under paragraph 13(1)(a) of the Act (Authority; preamble). The instrument takes effect at the start of the day after registration on the Federal Register of Legislation (preamble; Commencement).
Primary duties imposed on RSE licensees
Submission duty: RSE licensees must give APRA the information required by the Standard for the specified reporting periods and by the due dates in the reporting table (Reporting periods, para 1; Reporting Form SRF 607.0 table).
Format and channel duty: submissions must be electronic using an APRA method notified on APRA’s website (Form and method of submission, para 1).
Quality and assurance duty: the information submitted must be the product of systems, procedures and internal controls reviewed and tested by the RSE auditor; the RSE auditor must carry out at least an annual review and at least a limited assurance engagement consistent with auditing professional standards and not inconsistent with SPS 310 (Quality control, para 1).
Authorisation duty: the person submitting must digitally sign using a certificate acceptable to APRA; anybody submitting on the licensee’s behalf must be authorised by the CEO or CFO; agent submissions must be accompanied by a copy retained by the licensee (Authorisation, paras 1-3).
Data mapping and identifier duty: many fields must correspond to identifiers used in other SRS instruments (e.g. SRS 605.0 and SRS 332.0), so the licensee must map internal product/service/investment IDs to APRA’s identifiers (Tables 1A, 1B, 5 descriptions).
APRA’s powers and procedural rights
Timing discretion: APRA may change reporting frequency for a particular RSE/defined benefit RSE/PST by written notice, and the licensee must comply within the notice period (Notices, paras 1-2).
Extension power: APRA may grant written extensions of due dates (Notices, para 3).
Minor form variation right: APRA may make minor variations to forms and instructions to correct technical/programming/logical errors or clarify instructions, without changing substantive requirements; APRA must notify affected licensees (Minor alterations, paras 1-2).
Publication and sharing: APRA may publish collected information and may share it with ASIC as stated in the Purpose clause (Purpose, para 1). The Standard does not itself define the mechanics or limits of publication.
Audit and assurance obligations
RSE auditor obligations: the reporting data must be subject to the RSE auditor’s review and testing on at least an annual basis or more frequently if needed; the auditor’s engagement must be at least limited assurance and consistent with Auditing and Assurance Standards Board guidance and SPS 310 (Quality control, para 1).
Recordkeeping and retention
If an agent submits the information, the RSE licensee must obtain and retain a copy of the completed form (Authorisation, para 2). The Standard does not set a specific retention period in the text of the Schedule.
Specified field‑level constraints and requirements
Precise formatting rules for percentages, dates, ID lengths, ABN integer types, unique identifier primary key rules, and “end of reporting period” snapshot requirement: these are mandatory (Instruction Guide; Reporting basis and units of measurement; Reporting tables).
Rights and obligations not specified in the Standard
The Standard does not itself specify civil or criminal penalties for non‑compliance within the text of the Schedule. Enforcement mechanisms and penalties (if any) would be found in the Financial Sector (Collection of Data) Act 2001 and other applicable legislation; the Schedule does not detail them (Authority; preamble). The Standard also does not set out publication detail beyond the Purpose statement.
Practical mandatory actions on a compliance calendar
Implement end‑of‑period extraction for annual and quarterly items.
Format values to APRA’s specification (e.g. percentages as 0.1234).
Arrange RSE auditor limited assurance engagement and annual testing of reporting systems.
Obtain APRA‑acceptable digital certificate(s) and formal CEO/CFO sign‑off processes.
Establish agent data submission procedures and record retention.
These duties create concrete operational obligations for RSE licensees, their auditors and authorised submitters; APRA retains procedural discretion to vary timing and minor formatting but not substantive data requirements.
Penalties and enforcement
What the Standard itself sets out
The Schedule (Reporting Standard SRS 607.0) does not include an express schedule of civil or criminal penalties for failure to comply with the reporting obligations set out in the Standard. It prescribes reporting content, format, assurance and authorisation requirements, and gives APRA powers to change reporting periods, grant extensions and make minor form variations (Notices, paras 1-3; Minor alterations, paras 1-2).
Where enforcement would come from
The instrument is made under the Financial Sector (Collection of Data) Act 2001 (preamble; Authority). That Act sets out APRA’s data collection powers and the legal framework for compliance and enforcement. This Standard is an instrument under that Act; the Schedule does not restate the Act’s enforcement provisions (Authority; preamble). Practitioners must therefore inspect the Financial Sector (Collection of Data) Act 2001 for statutory enforcement remedies, penalties or directions relating to non‑compliance with reporting standards.
Administrative enforcement levers visible in the Standard
Procedural levers: APRA may vary reporting frequency by written notice, and may grant written extensions. These are administrative tools to manage compliance timing (Notices, paras 1-3).
Assurance and authorisation conditions: the Standard builds audit and digital signature requirements into the reporting apparatus. Failure to meet these technical prerequisites would produce an incomplete or non‑compliant submission in APRA’s systems and expose the licensee to whatever administrative follow‑up APRA chooses to deploy under the Act (Quality control; Authorisation).
What the text does not specify (limits on what we can say)
The Schedule does not specify the enforcement process, specific penalty amounts, suspension powers, or criminal sanctions. It does not set out appeal or review mechanisms related to enforcement actions. Those matters are outside the Schedule and reside in the primary Act and potentially other regulatory instruments. Readers should consult the Financial Sector (Collection of Data) Act 2001 and APRA’s enforcement policy for precise enforcement consequences.
Practical enforcement exposure for licensees
Non‑submission, late submission, submission with materially unreliable data, failure to have the required auditor review, or absence of proper digital authorisation will be non‑compliant with the Standard’s prescribed duties (Reporting periods; Quality control; Authorisation). APRA can act administratively under the Act; the Standard creates the baseline obligations APRA will enforce.
Information disclosure and publication
The Standard explicitly contemplates publication of collected data (Purpose, para 1). Publication itself is an enforcement‑adjacent mechanism: public disclosure of non‑compliance signals regulatory attention. The Standard does not define the form or granularity of publication.
In short, the Reporting Standard imposes a suite of mandatory reporting, audit and authorisation obligations but defers to the Financial Sector (Collection of Data) Act 2001 for statutory enforcement and penalty mechanics. The Schedule provides APRA with operational levers (timing notices, extensions, minor form changes and publication) that can be used in enforcement and supervisory work.
How it interacts with other laws
Direct cross‑references in the Standard
Financial Sector (Collection of Data) Act 2001: the Standard is made under s 13 of that Act and references paragraph 13(1)(a) in the instrument preamble (Authority; preamble). The Act supplies the statutory authority and the enforcement architecture for the Standard.
SIS Act (Superannuation Industry (Supervision) Act 1993): multiple definitions in the Standard (defined benefit RSE, PST, MySuper product, RSE, RSE licensee) are drawn from subsection 10(1) of the SIS Act (Definitions).
Corporations Act 2001: the Standard uses the Corporations Act definition of “financial year” when setting reporting periods (Definitions).
SRS and Prudential Standards: the Standard requires correspondence of identifiers and consistency with other APRA reporting standards and prudential requirements:
SRS 101.0 for definitions (Definitions).
SRS 605.0 (RSE Structure) for superannuation product and fees-and-costs arrangement identifiers (Table 1A; Table 1B; Table 5).
SRS 332.0 (Expenses) for service provider identifiers used in Table 1A (Table 1A description).
Prudential Standard SPS 310 Audit and Related Matters (SPS 310) is explicitly referenced as part of the auditor assurance expectations (Quality control, para 1).
Auditing and Assurance Standards Board standards and guidance also form part of the required assurance baseline (Quality control, para 1).
Inter‑agency and data‑sharing implications
ASIC: the Purpose clause expressly states the data may be used by ASIC (Purpose, para 1). That creates a concrete channel for APRA to share RSE business model data with the corporate regulator.
Publication: APRA will use information for “publication” (Purpose, para 1). The Schedule does not define publication formats or statutory limits, so the interplay with secrecy, privacy and confidentiality laws must be managed operationally by APRA and RSE licensees.
Privacy, confidentiality and commercial‑sensitivity (what the Standard says and omits)
The Standard requires reporting of ABNs and names for employer‑sponsors and PST investors, and requires reporting of member accounts counts and member asset amounts (Tables 1A, 1B, 3.2). The Schedule does not articulate privacy safeguarding measures or exemptions for commercially or personally sensitive data; it only prescribes the data items and notes the data may be used for publication (Purpose, para 1). Practitioners should therefore consider how these reporting obligations interact with privacy and confidentiality statutes and contractual confidentiality obligations. The Standard does not itself displace those external obligations; it operates within the broader statutory ecosystem.
Where “Associate” flags are required (Table 3.2), related party and corporate law concepts will be engaged in determining reportability; the Standard references the associate field but does not define “Associate” within the Schedule text , the RSE licensee must rely on relevant law and SRS definitions.
Regulatory consistency and mapping obligations
The Standard requires specific mapping to other APRA reporting instruments (SRS 605.0, SRS 332.0, SRS 101.0). Practically this means RSE licensees must reconcile their internal product, fee and service provider identifiers with the identifiers required in those SRS instruments to produce coherent APRA datasets (Tables 1A and 5; Instruction Guide).
Audit and professional standards interface
The RSE auditor must carry out at least a limited assurance engagement consistent with Auditing and Assurance Standards Board guidance and not inconsistent with SPS 310 (Quality control, para 1). This ties the reporting Standard to national auditing standards and APRA’s prudential audit standard, creating an interface where audit methodology and prudential audit requirements must be aligned.
Legislative instruments and register references
The instrument itself references the Federal Register of Legislation (pre commencement) as the registration mechanism and the Legislation Act 2003 s 15A defines that register (preamble; Interpretation). This determines the commencement mechanics.
In summary: SRS 607.0 sits inside a web of APRA reporting standards (SRS 101.0, 605.0, 332.0), prudential standards (SPS 310) and the SIS Act and Corporations Act definitions. It contemplates sharing with ASIC and publication by APRA but does not set out privacy safeguards or enforcement fine print; those elements remain governed by the underlying statutes and APRA’s operational policies.
Amendment history
Instrument identity and date
The reporting standard is issued as Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025 and is dated 30 April 2025 (preamble). The delegate is Andrew Robertson, Chief Data Officer, Technology and Data Division (preamble).
Commencement
The instrument declares the Standard will begin to apply “at the start of the day after the day this instrument is registered on the Federal Register of Legislation” (preamble; Commencement). The Schedule repeats that the Standard commences at the start of the day after registration (Commencement, para 1).
Prior versions and amendments
The Schedule contains the Reporting Standard text and Instruction Guide. The text supplied does not include any prior versions, prior instrument numbers, or amendment history entries. The instrument designation “No. 12 of 2025” implies it is the twelfth reporting‑standard determination APRA has made in 2025, but the Schedule does not list superseded instruments or amendments.
Provisions allowing future non‑substantive change
APRA may make minor variations to 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 to clarify application, “without changing any substantive requirement in the form or instructions” (Minor alterations, para 1). When APRA makes such a variation it must notify each RSE licensee required to report (Minor alterations, para 2). This is an internal amendment pathway for non‑substantive changes.
No explicit transitional amendment schedule beyond first reporting dates
The Standard sets first reporting periods and first due dates for annual and quarterly items (Reporting periods table). It therefore contains transitional timing for initial compliance but does not record amendments or an amendment history beyond being made and commencing upon registration.
How practitioners should treat “amendment history”
Because the document does not list prior versions or amendments, practitioners should treat this text as the operative single instrument and monitor the Federal Register of Legislation and APRA communications for any subsequent determinations, disallowable instruments or notices that modify reporting content, timing or technical specifications. APRA’s stated power to make minor variations (Minor alterations, para 1) requires attention to APRA notifications.
In short: SRS 607.0 is issued as a new Determination No. 12 of 2025 with the first reporting windows set in the Standard; the Schedule contains no prior amendment trail and includes a mechanism for APRA to make minor non‑substantive adjustments moving forward.
Litigation history
Textual record in the instrument
The Reporting Standard SRS 607.0 itself contains no references to case law, judicial decisions, or any litigation history. It names no cases and records no legal disputes.
What this means for practitioners
There is no litigation history attached to this specific Reporting Standard in the Schedule. Any legal challenges related to APRA’s exercise of powers under the Financial Sector (Collection of Data) Act 2001, the making of reporting standards, or use/publication of data collected under the Standard would be governed by the Act and general administrative law principles, but no such proceedings are identified in the instrument.
Recommended practical step
If a licensee is concerned about enforcement, publication or the legal basis for particular data requests, the appropriate legal course is to examine the Financial Sector (Collection of Data) Act 2001, any relevant APRA determinations, and to seek legal advice on prospective grounds for challenge or merits review. The Schedule provides no precedent or litigation pointer.
In short: there is no litigation history recorded within the Reporting Standard text; practitioners should assume none is attached to this instrument and consult statutory texts and case law governing APRA’s powers where necessary.
Gotchas
Formatting and data representation traps
Percentages: the Instruction Guide mandates percentages as unconverted numbers to two decimal places expressed as four‑decimal fractions (e.g. 12.34% → 0.1234). Mis‑formatting percentages (e.g. sending “12.34” or “12.34%”) will fail validation or produce incorrect data (Reporting basis and units of measurement).
Dates and numeric types: dates must be dd/mm/yyyy and ABNs must be reported as ABN integers; ID fields are limited to 20 alphanumeric characters with no special characters (Instruction Guide; Table field constraints).
Primary key uniqueness: the Unique identifier column marks primary key fields for each table. Any duplicate combination of primary key fields must not appear more than once in that table when reported. Practitioners must enforce uniqueness in data extracts (Instruction Guide; Reporting tables).
Identifier mapping dependencies
Several fields must “correspond to” identifiers reported in other SRS instruments:
Superannuation Product Identifier and Fees and Costs Arrangement Identifier must correspond to SRS 605.0 (Table 1A, Table 1B, Table 5).
Service Provider Identifier must correspond to SRS 332.0 (Table 1A).
Underlying investment option identifiers must correspond to those in SRF 605.0 (Table 5 description).
Failure to reconcile these mappings will produce inconsistent APRA datasets; mapping requires cross‑SRS reconciliation ahead of first submission.
First reporting period timing complexity
The table in Reporting periods sets different first due dates depending on the RSE’s financial year end. RSEs with 30 June FYE have a first due date of 15 December 2025 for annual items; others must report within three months after the end of the first reporting period. Quarterly items have a first due date 15 December 2025 for the quarter ending 30 September 2025; thereafter quarterly due dates are 28 calendar days after quarter end (Reporting periods table). Misreading the transitional timing will lead to late submissions.
Scope selection rules with thresholds and optional lists
Employer‑sponsor list rule (Table 1B): RSE licensees must report employer‑sponsors accounting for more than 1% of member accounts of a product; alternatively, “at a minimum the top 20 employer‑sponsors” by member accounts. Practitioners must apply the “more than 1%” rule and, if that yields fewer than 20 entries, supply the top 20. Misapplication can omit required employers.
PST investor inclusion (Table 3.2): RSE must report PST investors that are RSEs under the same trusteeship or the ten largest investors by size if under different trusteeship. The “10 largest” cutoff is size by investment, so accurate portfolio holdings are needed to determine inclusion.
Audit scope pitfalls
The Standard requires the RSE auditor to review and test systems, procedures and internal controls and to perform at least a limited assurance engagement consistent with Auditing and Assurance Standards Board guidance and SPS 310 (Quality control, para 1). Limited assurance engagements have defined procedures and reporting outputs; RSEs must coordinate with auditors early to ensure engagement scope covers the new data extract processes and control testing, and to align with SPS 310 where applicable.
Digital certificates and signatory authorisation
Authorisation: submissions must be digitally signed using a digital certificate acceptable to APRA and submitters must be authorised by the CEO or CFO (Authorisation, paras 1 and 3). It is not enough to have an operator execute the submission; formal CEO/CFO authorisation is required and APRA acceptance of the digital certificate is a separate technical step. Procuring and testing certificates with APRA early is essential.
“Other factors” and Regulation 9.47 reference
Table 4 asks for “Other Factors” and a description “where other factors allowable under Regulation 9.47 of SIS Regulations are used.” Practitioners must read Regulation 9.47 to confirm what is an allowable “other factor” and ensure any described factors conform to the referenced regulation. The Standard doesn’t list the allowable other factors itself.
Publication and privacy uncertainty
The Purpose clause states APRA will use information for publication and may share with ASIC (Purpose, para 1). The Standard does not define what will be published or the redaction rules. RSE licensees should anticipate some level of public reporting of aggregated or entity‑level data and should evaluate privacy and confidentiality consequences internally.
APRA discretion to change reporting rhythm
APRA may alter an entity’s reporting periods by written notice, and licensees must then comply within the specified timeframe (Notices, paras 1-2). This gives APRA case‑by‑case discretion which can create operational disruption if a licensee has not built capacity to change reporting frequency quickly.
Minor variations without substantive change
APRA may make “minor variations” to forms and instructions without changing substantive requirements (Minor alterations, para 1). APRA must notify licensees, but licensees must still track such notifications and test any programmatic changes to submission processing.
Attachment A hierarchy and membership base type
Table 2 asks for a “Membership Base Type” and instructs to apply a hierarchy in Attachment A where multiple classifications apply. Attachment A is referenced but not reproduced in the Schedule text excerpt. Practitioners must obtain Attachment A to apply the correct hierarchy.
In short: the gotchas are largely operational and technical , formatting nuances, identifier mapping, selection thresholds, auditor engagement scope, and dependencies on other SRS documents and SIS Regulations. Early coordination among IT, actuarial/product teams, compliance, legal and the RSE auditor will reduce risk.
How to comply
Immediate project plan essentials
Governance and project ownership
Assign a single accountable executive (eg. Head of Data/Chief Data Officer) to lead SRS 607.0 implementation for the RSE licensee, coordinate CEO/CFO sign‑off processes, and liaise with APRA on digital certificate acceptance (Authorisation, paras 1 and 3).
Inventory and mapping
Map internal product, fees arrangement, service provider and investment option identifiers to the corresponding APRA SRS identifiers required by SRS 605.0 and SRS 332.0 (Tables 1A, 1B, 5; Instruction Guide). Produce a traceability matrix showing source systems, transformation logic and target SRF field mappings.
Data model and extraction
Implement extraction processes to capture end‑of‑period snapshots for both annual and quarterly reporting items (Instruction Guide: Items must be reported as at the end of the reporting period). Ensure date formats dd/mm/yyyy and percentage formatting to four decimals (0.1234 for 12.34%) are enforced.
Data validation and uniqueness
Build validation routines enforcing field constraints (ID length, ABN integer, non‑special characters), mandatory primary key uniqueness per table, and range checks for numeric fields (Instruction Guide; Reporting tables). Log and correct validation failures prior to submission.
Auditor engagement and assurance
Engage the RSE auditor early. Define the auditor’s limited assurance scope to cover the RSE licensee’s systems, procedures and internal controls supporting the reporting feed, consistent with Auditing and Assurance Standards Board guidance and SPS 310 (Quality control, para 1). Schedule the auditor’s review to occur on an annual basis and earlier where necessary to meet first submission deadlines.
Authorisation and certificates
Procure and test APRA‑acceptable digital certificates for authorised submitters. Document CEO/CFO delegations authorising officers/agents to submit and ensure those authorisations are retained (Authorisation, paras 1-3).
Agent arrangements and retention
If using agents to submit, update contracts to require delivery of a completed submission copy and retention by the licensee (Authorisation, para 2). Implement internal recordkeeping for agent‑produced forms.
Security, privacy and legal review
Conduct a legal review to map reporting items to privacy and confidentiality obligations, noting the Standard contemplates publication and possible use by ASIC (Purpose, para 1). Implement appropriate redaction, disclosure controls and an information governance policy for APRA submissions, while recognising the Standard requires the specified fields.
Testing and pilot submission
Test the electronic submission format via APRA’s electronic method (Form and method of submission, para 1). Validate that the APRA ingestion accepts the data types and primary key configuration. Pilot one full reporting table end‑to‑end with the auditor’s testing procedures in place.
Operationalisation and scheduling
Embed the reporting extracts into quarterly and annual operational calendars. For first submission timing, note the transitional dates: first financial year ending on or after 30 June 2025 (annual) and quarter ending 30 Sep 2025 with first due date 15 December 2025 for quarterly; subsequent quarterly due dates are 28 calendar days after quarter end (Reporting periods table). Set internal cut‑offs earlier than due dates to allow auditor reviews and sign‑offs.
Specific technical checklist items
Percentages: convert to unconverted four‑decimal format (0.1234) and validate rounding rules.
Date fields: dd/mm/yyyy; ensure timezone consistency for end‑of‑period snapshots.
Unique identifier fields: enforce primary key uniqueness and confirm combinations correspond to the “Y” Unique identifier flags in each table.
Text IDs: enforce 20‑character alphanumeric constraints and disallow special characters.
ABNs: validate ABN integer formatting and perform checksum validation where available.
Investment option mapping: ensure underlying investment option IDs reported in Table 5 are consistent with SRF 605.0.
Employer selection rules: implement logic to capture either all employers >1% or the top 20 by account count per product, with audit trail showing selection methodology.
PST inclusion logic: implement rule to include same‑trustee RSE investors and the top 10 investors by size where trustees differ; capture associate flags.
Coordination and governance with the RSE auditor
Agree deliverables, timing and testing cycles with the auditor, including the auditor’s testing of internal controls, evidence requirements and the output of the limited assurance engagement. Align the auditor’s report timing with submission deadlines so the RSE licensee can satisfy the Standard’s assurance expectations (Quality control, para 1).
Responding to APRA notices and changes
Build operational flexibility to adjust reporting frequency if APRA issues a written notice to change an RSE’s reporting periods (Notices, paras 1-2). Maintain a change log for minor APRA form variations and test programmatic adjustments after APRA notifies variations (Minor alterations, paras 1-2).
Documentation and recordkeeping
Maintain a submission pack for each reporting period that includes: mapping matrix, data extracts, validation logs, auditor review documentation, CEO/CFO authorisation evidence and retained agent submission copies where applicable (Authorisation, para 2).
Contingency planning
Have contingency procedures for late or failed submissions: escalate to the authorised CEO/CFO signatory, engage the auditor as needed, and use APRA’s extension process where appropriate (Notices, para 3). Monitor APRA communications for extension options.
Practical timeline to first submission
Work backwards from the first due dates set in the Standard to schedule:
Identifier mapping and test extracts completed months ahead.
Auditor scoping and field testing scheduled to allow a limited assurance engagement to be performed and reported before due dates.
Digital certificate acceptance testing with APRA completed well in advance of first filing.
In sum: compliance requires a cross‑functional project covering data mapping to other SRS instruments, disciplined technical implementation of format and uniqueness constraints, early auditor engagement to deliver limited assurance, procedural CEO/CFO sign‑off with APRA‑acceptable digital certificates, and readiness to respond to APRA notices or minor form changes.
This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].
Commencement
This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Reporting periods
The RSE Licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.
Reporting Form
Reporting Table
Reporting Period
Due date
First reporting period
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
For the first reporting period:15 December 2025 for RSE licensees with 30 June financial year end.Within 3 months after the end of the first reporting period for all other RSE licensees.For subsequent reporting periods for all RSE licensees: Within 3 months after the end of the relevant reporting period.
The first financial year ending on or after 30 June 2025
Reporting Form SRF 607.0 RSE Business Model (SRF 607.0)
Table 4 MySuper And Choice Lifecycle Stage FactorsTable 5 MySuper And Choice Lifecycle Portfolio Mix Design - Dynamic Mix
Each calendar quarter ending 30 September, 31 December, 31 March and 30 June each year
For the first reporting period: 15 December 2025For subsequent reporting periods: 28 calendar days after the end of the relevant reporting period.
The calendar quarter ending on 30 September 2025
Notices
If, having regard to the particular circumstances of an RSE, defined benefit RSE or PST, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE or PST.
Where APRA has changed the reporting periods under paragraph 6, the RSE licensee must provide the relevant information within the time specified by the notice in writing.
APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs or PSTs within its business operations, in which case the new due date for the provision of the information will be the due date on the specified notice of extension.
Note: For the avoidance of doubt, APRA’s expectation is that if the due date falls on a day other than a usual business day, an RSE licensee will submit the information required no later than the due date.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.
Quality control
The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE, defined benefit RSE or PST to which the information relates[2]. This will require the RSE auditor to review and test the RSE licensee’s systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:
an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and
at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies, procedures and controls for the authorisation of information submitted to APRA is in place.
Authorisation
When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using an electronic format, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.
If the information required by this Reporting Standard is provided by an agent who submits the information on the RSE licensee’s behalf, the RSE licensee must:
obtain from the agent a copy of the completed form with the information provided to APRA; and
retain the completed copy.
An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, or on behalf of, the RSE licensee must be authorised by either:
the Chief Executive Officer of the RSE licensee; or
the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructions
APRA may make minor variations to:
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
the instructions to a form, to clarify their application to the form,
without changing any substantive requirement in the form or instructions.
If APRA makes such a variation, it must notify each RSE licensee that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Chief Executive Officer means the chief executive officer of the RSE licensee, by whatever name called, and whether or not he or she is a member of the Board of the RSE licensee[3].
Chief Financial Officer means the chief financial officer of the RSE licensee, by whatever name called.
defined benefit RSE has the meaning of defined benefit fund in subsection 10(1) of the SIS Act.
due date means the relevant due date under paragraph 5, 7 or, if applicable, paragraph 8 of this Reporting Standard.
financial year means the financial year (within the meaning of the Corporations Act 2001) of the RSE, defined benefit RSE or pooled superannuation trust (PST).
investment option has the meaning given in SRS 101.0.
MySuper product has the meaning given in subsection 10(1) of the SIS Act.
pooled superannuation trust (PST) has the meaning given in subsection 10(1) of the SIS Act.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 6 of this Reporting Standard.
RSE means a registrable superannuation entity as defined in subsection 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, small APRA fund or single member approved deposit fund[4].
RSE auditor means an auditor appointed by the RSE licensee to perform functions under this Reporting Standard.
RSE licensee has the meaning given in subsection 10(1) of the SIS Act.
SIS Act means Superannuation Industry (Supervision) Act 1993.
SRS 101.0 means Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections.
In this Reporting Standard, unless an instrument is not disallowable or a contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.
Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.
RSE Business Model RSE Business Model
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2025
Reporting Standard SRS 607.0 RSE Business Model
Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 607.0 RSE Business Model, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.
Under section 15 of the Act, I declare that Reporting Standard SRS 607.0 RSE Business Model shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.
This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Dated: 30 April 2025
Andrew Robertson
Chief Data Officer
Technology and Data Division
Interpretation
In this instrument:
APRA means the Australian Prudential Regulation Authority.
Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.
financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d) of the Act.
Schedule
Reporting Standard SRS 607.0 RSE Business Model comprises the document commencing on the following page.
Reporting Standard SRS 607.0
RSE Business Model
Objective of this reporting standard
This Reporting Standard sets out requirements for the provision of information to APRA relating to the structure of a registrable superannuation entity (RSE), defined benefit RSE or Pooled Superannuation Trust (PST).
It includes Reporting Form SRF 607.0 RSE Business Model and associated specific instructions.
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.
Application
This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and pooled superannuation trust (PST) within its business operations[1].
Commencement
This Reporting Standard commences at the start of the day after the day it is registered on the Federal Register of Legislation.
Reporting periods
The RSE Licensee must provide the information required by this Reporting Standard for the reporting periods, by the due dates, set out in the table below.
| Reporting Form | Reporting Table | Reporting Period | Due date | First reporting period |
| ------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------- | -----------------------------------------
This is an opening excerpt, not the complete document.