Financial Sector (Collection of Data) (reporting standard) determination No. 14 of 2021
RepealedCTH
This Act has been repealed and is no longer in force. It is retained for historical reference.
Jurisdiction
Commonwealth
Collection
legislative instrument
Plain English Summary
7/10 complexity
This Standard requires RSE licensees (superannuation trustees, including defined benefit funds) to provide APRA with detailed, regularly updated information about the insurance offered to members — including coverage, premiums, claims and pricing tables — via annual, quarterly and ad‑hoc submissions. It mandates auditor review, board/senior management controls and authorised digital sign-off. APRA (and potentially ASIC) will use the data to supervise insurer arrangements, member protections and premium/claims outcomes across the industry.
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 and defined benefit RSE within its business operations[1].
Commencement
This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.
Reporting period
Reporting periods under this Reporting Standard are each year ending 30 June.
Historical information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.2 for each reporting period ending on or after 30 June 2016 but before 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required under paragraph 6, by 28 February 2022.
Information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.0, SRF 251.1, SRF 251.2 and SRF 251.3 for reporting periods ending on or after 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 3 months after the end of the relevant reporting period.
Quarterly attestation required
An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard on SRF 251.3 was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 12.
An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 10, within 28 calendar days after the end of each calendar quarter.
Ad-hoc information required
Where an RSE licensee makes a change to information relating to insurance that the RSE licensee is required to disclose information to members and this results in a change to information reported on SRF 251.3 under this Reporting Standard, the RSE licensee must provide updated information on SRF 251.3 required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change, or 30 September 2021.
Notices
If, having regard to the particular circumstances of an RSE and defined benefit RSE, 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 or defined benefit RSE.
Where APRA has changed the reporting periods under paragraph 13, 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 or defined benefit RSEs 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, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to 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, or defined benefit RSE 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:
(a) 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
(b) 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:
(a) obtain from the agent a copy of the completed form with the information provided to APRA; and
(b) 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:
(a) the Chief Executive Officer of the RSE licensee; or
(b) the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructions
APRA may make minor variations to:
(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to 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 7, 9, 11, 12 or, if applicable, paragraph 15 of this Reporting Standard.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 13 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, ERF, 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.
In this Reporting Standard, unless the 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.
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 and defined benefit RSE within its business operations[1].
Commencement
Commencement
Commencement
This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.
Reporting period
Reporting period
Reporting period
Reporting periods under this Reporting Standard are each year ending 30 June.
Historical information required
Historical information required
Historical information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.2 for each reporting period ending on or after 30 June 2016 but before 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required under paragraph 6, by 28 February 2022.
Information required
Information required
Information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.0, SRF 251.1, SRF 251.2 and SRF 251.3 for reporting periods ending on or after 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 3 months after the end of the relevant reporting period.
Quarterly attestation required
An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard on SRF 251.3 was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 12.
An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 10, within 28 calendar days after the end of each calendar quarter.
Ad-hoc information required
Where an RSE licensee makes a change to information relating to insurance that the RSE licensee is required to disclose information to members and this results in a change to information reported on SRF 251.3 under this Reporting Standard, the RSE licensee must provide updated information on SRF 251.3 required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change, or 30 September 2021.
Notices
If, having regard to the particular circumstances of an RSE and defined benefit RSE, 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 or defined benefit RSE.
Where APRA has changed the reporting periods under paragraph 13, 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 or defined benefit RSEs 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, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to 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, or defined benefit RSE 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:
(a) 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
(b) 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:
(a) obtain from the agent a copy of the completed form with the information provided to APRA; and
(b) 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:
(a) the Chief Executive Officer of the RSE licensee; or
(b) 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) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to 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 7, 9, 11, 12 or, if applicable, paragraph 15 of this Reporting Standard.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 13 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, ERF, 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.
In this Reporting Standard, unless the 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 251.0
Reporting Form SRF 251.0
Reporting Form SRF 251.0
Insurance arrangements
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.0 Insurance arrangements (SRF 251.0). This form collects information on the acquired insurance arrangements of a registrable superannuation entity (RSE) and defined benefit RSE.
General directions and notes
Reporting level
SRF 251.0 must be completed for each registrable superannuation entity (RSE) and defined benefit RSE.
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 251.0 are to be reported as whole numbers or whole dollars.
Items on SRF 251.0 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 1: Insurance arrangements
Report in table 1 all insurance policies, currently or previously held by the RSE licensee which:
1) Were in force at any time during the reporting period or in the 5 years prior to the start of the reporting period; or
2) For which one or more of the following activities occurred during the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
3) For the period ending 30 June 2021 only: For which one or more of the following activities occurred during the five years prior to the start of the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
Report each such group insurance policy as a separate line with a unique insurance cluster identifier.
Aggregate into insurance clusters, by insurer, all such individual insurance policies held by the RSE licensee. Report all insurance clusters that cover or covered five per cent or more of the total number of member accounts with individual insurance policies.
Where the insurance policy has previously been reported, the same insurance cluster identifier should be used as when the insurance policy was last reported.
The insurance clusters reported will cover all group insurance policies, but may not cover all individual insurance policies held by the RSE licensee in respect of members of the RSE or defined benefit RSE.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Life Insurance Company Name Text
All filers
Free text
Report the life insurance company name.
3
Life Insurance Company Australian Business Number
All filers
11 digit valid ABN
Report the life insurance company ABN. Where the relevant organisation does not have an ABN, leave the life insurance company ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.
4
Associate Indicator
All filers
YesNo
Report whether the life insurance company is an associate of the RSE licensee.
5
Insurance Cluster Policy Reporting Level Type
All filers
Single PolicyAggregated Policies
Report the insurance reporting level of the insurance cluster.
6
Insurance Cluster Policy Type
All filers
Group Insurance PolicyIndividual Insurance Policy
Report the insurance policy type of the insurance cluster.
7
Insurance Cluster Policy Count
All filers
Whole numbers
Report the number of insurance policies in the insurance cluster.
8
Insurance Policy Identifier
All filers
Free text
Report the policy number. Leave this field blank for insurance clusters with more than one insurance policy.
9
Insurance Cluster Open To New Members Indicator
All filers
YesNo
Report whether the insurance cluster is open to new members.
10
Insurance Cluster Start Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster start date.
11
Insurance Cluster End Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster end date.
Insurance arrangements
Insurance arrangements
Reporting Form SRF 251.0
Insurance arrangements
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.0 Insurance arrangements (SRF 251.0). This form collects information on the acquired insurance arrangements of a registrable superannuation entity (RSE) and defined benefit RSE.
General directions and notes
Reporting level
SRF 251.0 must be completed for each registrable superannuation entity (RSE) and defined benefit RSE.
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 251.0 are to be reported as whole numbers or whole dollars.
Items on SRF 251.0 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 1: Insurance arrangements
Report in table 1 all insurance policies, currently or previously held by the RSE licensee which:
1) Were in force at any time during the reporting period or in the 5 years prior to the start of the reporting period; or
2) For which one or more of the following activities occurred during the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
3) For the period ending 30 June 2021 only: For which one or more of the following activities occurred during the five years prior to the start of the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
Report each such group insurance policy as a separate line with a unique insurance cluster identifier.
Aggregate into insurance clusters, by insurer, all such individual insurance policies held by the RSE licensee. Report all insurance clusters that cover or covered five per cent or more of the total number of member accounts with individual insurance policies.
Where the insurance policy has previously been reported, the same insurance cluster identifier should be used as when the insurance policy was last reported.
The insurance clusters reported will cover all group insurance policies, but may not cover all individual insurance policies held by the RSE licensee in respect of members of the RSE or defined benefit RSE.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Life Insurance Company Name Text
All filers
Free text
Report the life insurance company name.
3
Life Insurance Company Australian Business Number
All filers
11 digit valid ABN
Report the life insurance company ABN. Where the relevant organisation does not have an ABN, leave the life insurance company ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.
4
Associate Indicator
All filers
YesNo
Report whether the life insurance company is an associate of the RSE licensee.
5
Insurance Cluster Policy Reporting Level Type
All filers
Single PolicyAggregated Policies
Report the insurance reporting level of the insurance cluster.
6
Insurance Cluster Policy Type
All filers
Group Insurance PolicyIndividual Insurance Policy
Report the insurance policy type of the insurance cluster.
7
Insurance Cluster Policy Count
All filers
Whole numbers
Report the number of insurance policies in the insurance cluster.
8
Insurance Policy Identifier
All filers
Free text
Report the policy number. Leave this field blank for insurance clusters with more than one insurance policy.
9
Insurance Cluster Open To New Members Indicator
All filers
YesNo
Report whether the insurance cluster is open to new members.
10
Insurance Cluster Start Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster start date.
11
Insurance Cluster End Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster end date.
Instruction Guide
Instruction Guide
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.0 Insurance arrangements (SRF 251.0). This form collects information on the acquired insurance arrangements of a registrable superannuation entity (RSE) and defined benefit RSE.
General directions and notes
General directions and notes
Reporting Form SRF 251.0
Insurance arrangements
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.0 Insurance arrangements (SRF 251.0). This form collects information on the acquired insurance arrangements of a registrable superannuation entity (RSE) and defined benefit RSE.
General directions and notes
Reporting level
SRF 251.0 must be completed for each registrable superannuation entity (RSE) and defined benefit RSE.
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 251.0 are to be reported as whole numbers or whole dollars.
Items on SRF 251.0 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 1: Insurance arrangements
Report in table 1 all insurance policies, currently or previously held by the RSE licensee which:
1) Were in force at any time during the reporting period or in the 5 years prior to the start of the reporting period; or
2) For which one or more of the following activities occurred during the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
3) For the period ending 30 June 2021 only: For which one or more of the following activities occurred during the five years prior to the start of the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
Report each such group insurance policy as a separate line with a unique insurance cluster identifier.
Aggregate into insurance clusters, by insurer, all such individual insurance policies held by the RSE licensee. Report all insurance clusters that cover or covered five per cent or more of the total number of member accounts with individual insurance policies.
Where the insurance policy has previously been reported, the same insurance cluster identifier should be used as when the insurance policy was last reported.
The insurance clusters reported will cover all group insurance policies, but may not cover all individual insurance policies held by the RSE licensee in respect of members of the RSE or defined benefit RSE.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Life Insurance Company Name Text
All filers
Free text
Report the life insurance company name.
3
Life Insurance Company Australian Business Number
All filers
11 digit valid ABN
Report the life insurance company ABN. Where the relevant organisation does not have an ABN, leave the life insurance company ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.
4
Associate Indicator
All filers
YesNo
Report whether the life insurance company is an associate of the RSE licensee.
5
Insurance Cluster Policy Reporting Level Type
All filers
Single PolicyAggregated Policies
Report the insurance reporting level of the insurance cluster.
6
Insurance Cluster Policy Type
All filers
Group Insurance PolicyIndividual Insurance Policy
Report the insurance policy type of the insurance cluster.
7
Insurance Cluster Policy Count
All filers
Whole numbers
Report the number of insurance policies in the insurance cluster.
8
Insurance Policy Identifier
All filers
Free text
Report the policy number. Leave this field blank for insurance clusters with more than one insurance policy.
9
Insurance Cluster Open To New Members Indicator
All filers
YesNo
Report whether the insurance cluster is open to new members.
10
Insurance Cluster Start Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster start date.
11
Insurance Cluster End Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster end date.
Reporting level
Reporting level
Reporting level
SRF 251.0 must be completed for each registrable superannuation entity (RSE) and defined benefit RSE.
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 251.0 are to be reported as whole numbers or whole dollars.
Items on SRF 251.0 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
Table 1: Insurance arrangements
Table 1: Insurance arrangements
Table 1: Insurance arrangements
Report in table 1 all insurance policies, currently or previously held by the RSE licensee which:
1) Were in force at any time during the reporting period or in the 5 years prior to the start of the reporting period; or
2) For which one or more of the following activities occurred during the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
3) For the period ending 30 June 2021 only: For which one or more of the following activities occurred during the five years prior to the start of the reporting period:
a) Premiums were paid to the insurer; or
b) Claims were received, processed or paid.
Report each such group insurance policy as a separate line with a unique insurance cluster identifier.
Aggregate into insurance clusters, by insurer, all such individual insurance policies held by the RSE licensee. Report all insurance clusters that cover or covered five per cent or more of the total number of member accounts with individual insurance policies.
Where the insurance policy has previously been reported, the same insurance cluster identifier should be used as when the insurance policy was last reported.
The insurance clusters reported will cover all group insurance policies, but may not cover all individual insurance policies held by the RSE licensee in respect of members of the RSE or defined benefit RSE.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Life Insurance Company Name Text
All filers
Free text
Report the life insurance company name.
3
Life Insurance Company Australian Business Number
All filers
11 digit valid ABN
Report the life insurance company ABN. Where the relevant organisation does not have an ABN, leave the life insurance company ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.
4
Associate Indicator
All filers
YesNo
Report whether the life insurance company is an associate of the RSE licensee.
5
Insurance Cluster Policy Reporting Level Type
All filers
Single PolicyAggregated Policies
Report the insurance reporting level of the insurance cluster.
6
Insurance Cluster Policy Type
All filers
Group Insurance PolicyIndividual Insurance Policy
Report the insurance policy type of the insurance cluster.
7
Insurance Cluster Policy Count
All filers
Whole numbers
Report the number of insurance policies in the insurance cluster.
8
Insurance Policy Identifier
All filers
Free text
Report the policy number. Leave this field blank for insurance clusters with more than one insurance policy.
9
Insurance Cluster Open To New Members Indicator
All filers
YesNo
Report whether the insurance cluster is open to new members.
10
Insurance Cluster Start Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster start date.
11
Insurance Cluster End Date
All filers
Date values (dd/mm/yyyy)
Report the insurance cluster end date.
Reporting Form SRF 251.1
Reporting Form SRF 251.1
Reporting Form SRF 251.1
Insurance coverage
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.1 Insurance coverage (SRF 251.1). This form collects information on the linkages between insurance policies and superannuation products, as well as the decisions that members are making in relation to their insurance cover within superannuation.
General directions and notes
Reporting level
SRF 251.1 must be completed for each group insurance policy within the RSE or defined benefit RSE which has been in force at any time during the reporting period.
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 unit of measurement
Amounts in SRF 251.1 are to be reported as whole numbers or whole dollars.
Items on SRF 251.1 must be reported as at the end of the reporting period, as at the start of the reporting period or with respect to transactions that occurred during the reporting period as specified.
These instructions specify the reporting basis and unit of measurement that apply to each item.
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 1: Insurance offerings
Report columns 1 to 4 and 8 as at the end of the reporting period. Report column 5 as at the start of the reporting period. Report columns 6 and 7 with respect to transactions that occurred during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the superannuation product identifier.The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.
3
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceBundled Life And Total And Permanent Disability InsuranceBundled Life And Income Protection InsuranceBundled Total And Permanent Disability And Income Protection InsuranceBundled Life Total And Permanent Disability And Income Protection InsuranceOther Insurance
Report the insurance cover type.
4
Insurance Default Cover Offered Indicator
All filers
YesNo
Report if there is default cover offered for the specified insurance cover type.
5
Insurance Cover Superannuation Product Start Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the start of the reporting period.
6
Insurance Cover Superannuation Product New Business Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the end of the reporting period that did not have cover at the start of the reporting period.
7
Insurance Cover Superannuation Product Ceased Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the start of the reporting period that did not have cover at the end of the reporting period.
8
Insurance Cover Superannuation Product End Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the end of the reporting period.
Table 2: Member insurance choice
Report Table 2 as at the end of the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Default Cover Offered Indicator
Y
All filers
YesNo
Report the default cover offered indicator.i.e. would the member have cover at the end of the reporting period if they had made no elections or applications regarding insurance cover.
4
Insurance Current Level Cover Type
Y
All filers
No CoverLess Cover Than DefaultDefault Level Of CoverMore Cover Than Default No UnderwritingMore Cover Than Default With Underwriting
Report the current level of cover.i.e. how does the member’s current level of cover compare the level of cover that they would have should they have made no elections or applications regarding insurance cover.
5
Insurance Cover Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover.
6
Insurance Cover Aggregate Amount
All filers
Whole dollars
Report the aggregate cover of member accounts with insurance cover. For IP Insurance this must be specified as an annual amount.
Insurance coverage
Insurance coverage
Reporting Form SRF 251.1
Insurance coverage
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.1 Insurance coverage (SRF 251.1). This form collects information on the linkages between insurance policies and superannuation products, as well as the decisions that members are making in relation to their insurance cover within superannuation.
General directions and notes
Reporting level
SRF 251.1 must be completed for each group insurance policy within the RSE or defined benefit RSE which has been in force at any time during the reporting period.
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 unit of measurement
Amounts in SRF 251.1 are to be reported as whole numbers or whole dollars.
Items on SRF 251.1 must be reported as at the end of the reporting period, as at the start of the reporting period or with respect to transactions that occurred during the reporting period as specified.
These instructions specify the reporting basis and unit of measurement that apply to each item.
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 1: Insurance offerings
Report columns 1 to 4 and 8 as at the end of the reporting period. Report column 5 as at the start of the reporting period. Report columns 6 and 7 with respect to transactions that occurred during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the superannuation product identifier.The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.
3
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceBundled Life And Total And Permanent Disability InsuranceBundled Life And Income Protection InsuranceBundled Total And Permanent Disability And Income Protection InsuranceBundled Life Total And Permanent Disability And Income Protection InsuranceOther Insurance
Report the insurance cover type.
4
Insurance Default Cover Offered Indicator
All filers
YesNo
Report if there is default cover offered for the specified insurance cover type.
5
Insurance Cover Superannuation Product Start Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the start of the reporting period.
6
Insurance Cover Superannuation Product New Business Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the end of the reporting period that did not have cover at the start of the reporting period.
7
Insurance Cover Superannuation Product Ceased Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the start of the reporting period that did not have cover at the end of the reporting period.
8
Insurance Cover Superannuation Product End Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the end of the reporting period.
Table 2: Member insurance choice
Report Table 2 as at the end of the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Default Cover Offered Indicator
Y
All filers
YesNo
Report the default cover offered indicator.i.e. would the member have cover at the end of the reporting period if they had made no elections or applications regarding insurance cover.
4
Insurance Current Level Cover Type
Y
All filers
No CoverLess Cover Than DefaultDefault Level Of CoverMore Cover Than Default No UnderwritingMore Cover Than Default With Underwriting
Report the current level of cover.i.e. how does the member’s current level of cover compare the level of cover that they would have should they have made no elections or applications regarding insurance cover.
5
Insurance Cover Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover.
6
Insurance Cover Aggregate Amount
All filers
Whole dollars
Report the aggregate cover of member accounts with insurance cover. For IP Insurance this must be specified as an annual amount.
Reporting basis and unit of measurement
Reporting basis and unit of measurement
Reporting basis and unit of measurement
Amounts in SRF 251.1 are to be reported as whole numbers or whole dollars.
Items on SRF 251.1 must be reported as at the end of the reporting period, as at the start of the reporting period or with respect to transactions that occurred during the reporting period as specified.
These instructions specify the reporting basis and unit of measurement that apply to each item.
Table 1: Insurance offerings
Table 1: Insurance offerings
Table 1: Insurance offerings
Report columns 1 to 4 and 8 as at the end of the reporting period. Report column 5 as at the start of the reporting period. Report columns 6 and 7 with respect to transactions that occurred during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Superannuation Product Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters)
Report the superannuation product identifier.The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.
3
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceBundled Life And Total And Permanent Disability InsuranceBundled Life And Income Protection InsuranceBundled Total And Permanent Disability And Income Protection InsuranceBundled Life Total And Permanent Disability And Income Protection InsuranceOther Insurance
Report the insurance cover type.
4
Insurance Default Cover Offered Indicator
All filers
YesNo
Report if there is default cover offered for the specified insurance cover type.
5
Insurance Cover Superannuation Product Start Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the start of the reporting period.
6
Insurance Cover Superannuation Product New Business Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the end of the reporting period that did not have cover at the start of the reporting period.
7
Insurance Cover Superannuation Product Ceased Member Accounts Count
All filers
Whole numbers
Report the number of member accounts that had cover at the start of the reporting period that did not have cover at the end of the reporting period.
8
Insurance Cover Superannuation Product End Period Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover at the end of the reporting period.
Table 2: Member insurance choice
Table 2: Member insurance choice
Table 2: Member insurance choice
Report Table 2 as at the end of the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Default Cover Offered Indicator
Y
All filers
YesNo
Report the default cover offered indicator.i.e. would the member have cover at the end of the reporting period if they had made no elections or applications regarding insurance cover.
4
Insurance Current Level Cover Type
Y
All filers
No CoverLess Cover Than DefaultDefault Level Of CoverMore Cover Than Default No UnderwritingMore Cover Than Default With Underwriting
Report the current level of cover.i.e. how does the member’s current level of cover compare the level of cover that they would have should they have made no elections or applications regarding insurance cover.
5
Insurance Cover Member Accounts Count
All filers
Whole numbers
Report the number of member accounts with insurance cover.
6
Insurance Cover Aggregate Amount
All filers
Whole dollars
Report the aggregate cover of member accounts with insurance cover. For IP Insurance this must be specified as an annual amount.
Reporting Form SRF 251.2
Reporting Form SRF 251.2
Reporting Form SRF 251.2
Insurance payments
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.2 Insurance payments (SRF 251.2). This form collects information on premium payments made to insurers and the claims management process.
General directions and notes
Reporting level
SRF 251.2 must be completed for each RSE or defined benefit RSE.
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 unit of measurement
Amounts in SRF 251.2 are to be reported as whole dollars.
Items on SRF 251.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period. Unless otherwise specified, report information with respect to transactions that occurred during the reporting period.
These instructions specify the reporting basis and unit of measurement that applies to each item.
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 1: Premiums paid
Report all premiums paid to insurers or rebates received during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Cover Year Date
Y
All filers
Date (yyyy)
Report the year of cover.
4
Insurance Premium Collected Amount
All filers
Whole dollars
Report the insurance premium collected.
5
Insurance Premium Paid Amount
All filers
Whole dollars
Report the insurance premium paid to the insurer.
6
Insurance Premium Rebate Amount
All filers
Whole dollars
Report the insurance premium rebate received from the insurer.
7
Insurance Premium Rebate Paid to Members Amount
All filers
Whole dollars
Report the insurance premium rebate paid to members.
Table 2: Claims admitted
Report all claims that were admitted during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted. For example, for IP Insurance report the total number of IP Insurance claims admitted during the period.
5
Insurance Claim Admitted Amount
All filers
Whole dollars
Report the aggregate cover of claims admitted. For example, for Life Insurance report the total value of Life Insurance claims admitted during the period.For IP Insurance report the total annual insured amount for the admitted claims.
6
Insurance Average Claim Duration Number
All filers
Whole numbers
Report the average claim duration in days for claims admitted during the period.
Table 3: Claims paid
Report all claims that were paid during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Year Date
Y
All filers
Date (yyyy)
Report the year of admittance.
5
Insurance Claim Payer Type
Y
All filers
RSE LicenseeInsurerOtherNot Applicable
Report the claims paid to member by.
6
Insurance Claim Paid Count
All filers
Whole numbers
Report the number of claims paid in the reporting period. For example, for IP Insurance report the total number of IP Insurance claims paid during the period.
7
Insurance Claim Paid Amount
All filers
Whole dollars
Report the value of claims paid during the period. For example, for IP Insurance report the total value of IP Insurance claims for the period.
Table 4: Claims processing
Report all claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Claim Start Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the beginning of the reporting period.
4
Insurance Claim Received Count
All filers
Whole numbers
Report the number of claims received.
5
Insurance Claim Reopened Count
All filers
Whole numbers
Report the number of claims re-opened.
6
Insurance Claim Withdrawn Count
All filers
Whole numbers
Report the number of claims withdrawn.
7
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted.
8
Insurance Claim Declined Count
All filers
Whole numbers
Report the number of claims declined.
9
Insurance Claim Finalised Other Count
All filers
Whole numbers
Report the number of claims finalised - other.
10
Insurance Claim End Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the end of the reporting period.
11
Insurance Claim Average Undetermined Duration Number
All filers
Whole numbers
Report the average undetermined claim duration in days as at the end of the reporting period.
Table 5: TPD assessment
Report TPD claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Assessment Criteria Total And Permanent Disability Type
Y
All filers
Activities Of Daily LifeAny OccupationOwn OccupationOther
Report the TPD assessment criteria.
3
Assessment Criteria Other Total And Permanent Disability Description Text
Y
All filers
Free text
Where ‘Other’ has been selected in column 2, report the description of the other TPD assessment criteria. Please use separate entries should there be multiple definitions that need to be reported. Report ‘not applicable’ or ‘0’ for this item if ‘Activities Of Daily Life’, ‘Any Occupation’, or’ Own Occupation’ have been selected for Column 2 of this table.
4
Insurance Claim Assessment Type
Y
All filers
AdmittedDeclinedFinalised Other
Report the claim assessment.
5
Insurance Claim Total And Permanent Disability Count
All filers
Whole numbers
Report the number of claims.
6
Insurance Claim Total And Permanent Disability Amount
All filers
Whole dollars
Report the aggregate cover of TPD insurance claims finalised.
Insurance payments
Insurance payments
Reporting Form SRF 251.2
Insurance payments
Instruction Guide
This instruction guide is designed to assist in the completion of Reporting Form SRF 251.2 Insurance payments (SRF 251.2). This form collects information on premium payments made to insurers and the claims management process.
General directions and notes
Reporting level
SRF 251.2 must be completed for each RSE or defined benefit RSE.
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 unit of measurement
Amounts in SRF 251.2 are to be reported as whole dollars.
Items on SRF 251.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period. Unless otherwise specified, report information with respect to transactions that occurred during the reporting period.
These instructions specify the reporting basis and unit of measurement that applies to each item.
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 1: Premiums paid
Report all premiums paid to insurers or rebates received during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Cover Year Date
Y
All filers
Date (yyyy)
Report the year of cover.
4
Insurance Premium Collected Amount
All filers
Whole dollars
Report the insurance premium collected.
5
Insurance Premium Paid Amount
All filers
Whole dollars
Report the insurance premium paid to the insurer.
6
Insurance Premium Rebate Amount
All filers
Whole dollars
Report the insurance premium rebate received from the insurer.
7
Insurance Premium Rebate Paid to Members Amount
All filers
Whole dollars
Report the insurance premium rebate paid to members.
Table 2: Claims admitted
Report all claims that were admitted during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted. For example, for IP Insurance report the total number of IP Insurance claims admitted during the period.
5
Insurance Claim Admitted Amount
All filers
Whole dollars
Report the aggregate cover of claims admitted. For example, for Life Insurance report the total value of Life Insurance claims admitted during the period.For IP Insurance report the total annual insured amount for the admitted claims.
6
Insurance Average Claim Duration Number
All filers
Whole numbers
Report the average claim duration in days for claims admitted during the period.
Table 3: Claims paid
Report all claims that were paid during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Year Date
Y
All filers
Date (yyyy)
Report the year of admittance.
5
Insurance Claim Payer Type
Y
All filers
RSE LicenseeInsurerOtherNot Applicable
Report the claims paid to member by.
6
Insurance Claim Paid Count
All filers
Whole numbers
Report the number of claims paid in the reporting period. For example, for IP Insurance report the total number of IP Insurance claims paid during the period.
7
Insurance Claim Paid Amount
All filers
Whole dollars
Report the value of claims paid during the period. For example, for IP Insurance report the total value of IP Insurance claims for the period.
Table 4: Claims processing
Report all claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Claim Start Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the beginning of the reporting period.
4
Insurance Claim Received Count
All filers
Whole numbers
Report the number of claims received.
5
Insurance Claim Reopened Count
All filers
Whole numbers
Report the number of claims re-opened.
6
Insurance Claim Withdrawn Count
All filers
Whole numbers
Report the number of claims withdrawn.
7
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted.
8
Insurance Claim Declined Count
All filers
Whole numbers
Report the number of claims declined.
9
Insurance Claim Finalised Other Count
All filers
Whole numbers
Report the number of claims finalised - other.
10
Insurance Claim End Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the end of the reporting period.
11
Insurance Claim Average Undetermined Duration Number
All filers
Whole numbers
Report the average undetermined claim duration in days as at the end of the reporting period.
Table 5: TPD assessment
Report TPD claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Assessment Criteria Total And Permanent Disability Type
Y
All filers
Activities Of Daily LifeAny OccupationOwn OccupationOther
Report the TPD assessment criteria.
3
Assessment Criteria Other Total And Permanent Disability Description Text
Y
All filers
Free text
Where ‘Other’ has been selected in column 2, report the description of the other TPD assessment criteria. Please use separate entries should there be multiple definitions that need to be reported. Report ‘not applicable’ or ‘0’ for this item if ‘Activities Of Daily Life’, ‘Any Occupation’, or’ Own Occupation’ have been selected for Column 2 of this table.
4
Insurance Claim Assessment Type
Y
All filers
AdmittedDeclinedFinalised Other
Report the claim assessment.
5
Insurance Claim Total And Permanent Disability Count
All filers
Whole numbers
Report the number of claims.
6
Insurance Claim Total And Permanent Disability Amount
All filers
Whole dollars
Report the aggregate cover of TPD insurance claims finalised.
Table 1: Premiums paid
Table 1: Premiums paid
Table 1: Premiums paid
Report all premiums paid to insurers or rebates received during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Cover Year Date
Y
All filers
Date (yyyy)
Report the year of cover.
4
Insurance Premium Collected Amount
All filers
Whole dollars
Report the insurance premium collected.
5
Insurance Premium Paid Amount
All filers
Whole dollars
Report the insurance premium paid to the insurer.
6
Insurance Premium Rebate Amount
All filers
Whole dollars
Report the insurance premium rebate received from the insurer.
7
Insurance Premium Rebate Paid to Members Amount
All filers
Whole dollars
Report the insurance premium rebate paid to members.
Table 2: Claims admitted
Table 2: Claims admitted
Table 2: Claims admitted
Report all claims that were admitted during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted. For example, for IP Insurance report the total number of IP Insurance claims admitted during the period.
5
Insurance Claim Admitted Amount
All filers
Whole dollars
Report the aggregate cover of claims admitted. For example, for Life Insurance report the total value of Life Insurance claims admitted during the period.For IP Insurance report the total annual insured amount for the admitted claims.
6
Insurance Average Claim Duration Number
All filers
Whole numbers
Report the average claim duration in days for claims admitted during the period.
Table 3: Claims paid
Table 3: Claims paid
Table 3: Claims paid
Report all claims that were paid during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Incident Year Date
Y
All filers
Date (yyyy)
Report the year of incident.
4
Insurance Claim Admitted Year Date
Y
All filers
Date (yyyy)
Report the year of admittance.
5
Insurance Claim Payer Type
Y
All filers
RSE LicenseeInsurerOtherNot Applicable
Report the claims paid to member by.
6
Insurance Claim Paid Count
All filers
Whole numbers
Report the number of claims paid in the reporting period. For example, for IP Insurance report the total number of IP Insurance claims paid during the period.
7
Insurance Claim Paid Amount
All filers
Whole dollars
Report the value of claims paid during the period. For example, for IP Insurance report the total value of IP Insurance claims for the period.
Table 4: Claims processing
Table 4: Claims processing
Table 4: Claims processing
Report all claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Insurance Cover Type
Y
All filers
Life InsuranceTotal And Permanent Disability InsuranceIncome Protection InsuranceOther Insurance
Report the insurance cover type.
3
Insurance Claim Start Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the beginning of the reporting period.
4
Insurance Claim Received Count
All filers
Whole numbers
Report the number of claims received.
5
Insurance Claim Reopened Count
All filers
Whole numbers
Report the number of claims re-opened.
6
Insurance Claim Withdrawn Count
All filers
Whole numbers
Report the number of claims withdrawn.
7
Insurance Claim Admitted Count
All filers
Whole numbers
Report the number of claims admitted.
8
Insurance Claim Declined Count
All filers
Whole numbers
Report the number of claims declined.
9
Insurance Claim Finalised Other Count
All filers
Whole numbers
Report the number of claims finalised - other.
10
Insurance Claim End Period Undetermined Count
All filers
Whole numbers
Report the number of undetermined claims as at the end of the reporting period.
11
Insurance Claim Average Undetermined Duration Number
All filers
Whole numbers
Report the average undetermined claim duration in days as at the end of the reporting period.
Table 5: TPD assessment
Table 5: TPD assessment
Table 5: TPD assessment
Report TPD claims that were processed during the reporting period.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Insurance Cluster Identifier
Y
All filers
No more than 20 alpha-numeric characters (with no special characters).
Report the insurance cluster identifier.
2
Assessment Criteria Total And Permanent Disability Type
Y
All filers
Activities Of Daily LifeAny OccupationOwn OccupationOther
Report the TPD assessment criteria.
3
Assessment Criteria Other Total And Permanent Disability Description Text
Y
All filers
Free text
Where ‘Other’ has been selected in column 2, report the description of the other TPD assessment criteria. Please use separate entries should there be multiple definitions that need to be reported. Report ‘not applicable’ or ‘0’ for this item if ‘Activities Of Daily Life’, ‘Any Occupation’, or’ Own Occupation’ have been selected for Column 2 of this table.
4
Insurance Claim Assessment Type
Y
All filers
AdmittedDeclinedFinalised Other
Report the claim assessment.
5
Insurance Claim Total And Permanent Disability Count
All filers
Whole numbers
Report the number of claims.
6
Insurance Claim Total And Permanent Disability Amount
All filers
Whole dollars
Report the aggregate cover of TPD insurance claims finalised.
More sections below
Source text: opening excerpt
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
Reporting Standard SRS 251.0 Reporting Standard SRS 251.0
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Reporting Standard SRS 251.0
Insurance
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 and defined benefit RSE within its business operations[1].
Commencement
This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.
Reporting period
Reporting periods under this Reporting Standard are each year ending 30 June.
Historical information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.2 for each reporting period ending on or after 30 June 2016 but before 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required under paragraph 6, by 28 February 2022.
Information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.0, SRF 251.1, SRF 251.2 and SRF 251.3 for reporting periods ending on or after 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 3 months after the end of the relevant reporting period.
Quarterly attestation required
An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard on SRF 251.3 was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 12.
An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 10, within 28 calendar days after the end of each calendar quarter.
Ad-hoc information required
Where an RSE licensee makes a change to information relating to insurance that the RSE licensee is required to disclose information to members and this results in a change to information reported on SRF 251.3 under this Reporting Standard, the RSE licensee must provide updated information on SRF 251.3 required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change, or 30 September 2021.
Notices
If, having regard to the particular circumstances of an RSE and defined benefit RSE, 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 or defined benefit RSE.
Where APRA has changed the reporting periods under paragraph 13, 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 or defined benefit RSEs 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, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to 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, or defined benefit RSE 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:
(a) 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
(b) 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:
(a) obtain from the agent a copy of the completed form with the information provided to APRA; and
(b) 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:
(a) the Chief Executive Officer of the RSE licensee; or
(b) the Chief Financial Officer of the RSE licensee.
Minor alterations to forms and instructions
APRA may make minor variations to:
(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to 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 7, 9, 11, 12 or, if applicable, paragraph 15 of this Reporting Standard.
reporting period means a period mentioned in paragraph 5 or, if applicable, paragraph 13 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, ERF, 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.
In this Reporting Standard, unless the 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.
Insurance Insurance
Insurance
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 and defined benefit RSE within its business operations[1].
Commencement Commencement
Commencement
This Reporting Standard commences on the day it is registered on the Federal Register of Legislation.
Reporting period Reporting period
Reporting period
Reporting periods under this Reporting Standard are each year ending 30 June.
Historical information required Historical information required
Historical information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.2 for each reporting period ending on or after 30 June 2016 but before 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required under paragraph 6, by 28 February 2022.
Information required Information required
Information required
RSE licensees must provide information required by this Reporting Standard under SRF 251.0, SRF 251.1, SRF 251.2 and SRF 251.3 for reporting periods ending on or after 30 June 2021.
An RSE licensee to which this Reporting Standard applies must provide the information required by paragraph 8, within 3 months after the end of the relevant reporting period.
Quarterly attestation required
An RSE licensee must provide APRA an attestation that the information it last provided APRA under this Reporting Standard on SRF 251.3 was still accurate as at the end of every calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year) or that the RSE Licensee has, or will be, providing updated information to APRA in accordance with paragraph 12.
An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 10, within 28 calendar days after the end of each calendar quarter.
Ad-hoc information required
Where an RSE licensee makes a change to information relating to insurance that the RSE licensee is required to disclose information to members and this results in a change to information reported on SRF 251.3 under this Reporting Standard, the RSE licensee must provide updated information on SRF 251.3 required by this Reporting Standard as at the date of the change, by the later date of 28 calendar days after the change, or 30 September 2021.
Notices
If, having regard to the particular circumstances of an RSE and defined benefit RSE, 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 or defined benefit RSE.
Where APRA has changed the reporting periods under paragraph 13, 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 or defined benefit RSEs 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, if the due date falls on a day other than a usual business day, an RSE licensee is nonetheless required to 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, or defined benefit RSE 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:
(a) 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
(b) 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:
(a) obtain from the agent a copy of the completed form with the information provided to APRA; and
(b) 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:
(a) the Chief Executive Officer of the RSE licensee; or
(b) 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) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to 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
This is an opening excerpt, not the complete document.