Reporting Form SRF 332.0

Expenses

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 332.0 Expenses (SRF 332.0).

General directions and notes

Reporting level

SRF 332.0 must be completed by the RSE licensee for each RSE, defined benefit RSE, PST and ERF.

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.

Information required

An RSE licensee must complete SRF 332.0 applying the materiality thresholds, for each reporting period ending on or after 30 June 2021 but before 30 June 2022. Report expenses on a look-through basis, as explained under Reporting basis and unit of measurement in these Instructions.

The materiality thresholds are:

• Where total expenses with a service provider are greater than or equal to 5 per cent of total expenses for that expense group: the expense must be reported. If the expense is used for the purpose of more than one expense type, then apportion the expense between these expense types as appropriate.

• Where the total paid to a service provider is less than 5 per cent of total expenses for that expense group: Expenses with multiple service providers below this threshold for each expense type can be aggregated. Report the service provider description in Table 1 as ‘multiple providers below 5%’.

• Where the total expenses with a service provider are $10,000 or less, and the classification is unavailable: classify the expense in the expense group ‘Other’, so long as the total amount reported in the expense group ‘Other’ for this reason does not exceed 5 per cent of total expenses reported in Table 2.

The RSE licensee cannot apply a materiality threshold to any expenses with service providers which are:

classified by the RSE licensee as significant expenditure under Prudential Standard SPS 515 Strategic Planning and Member Outcomes;
payments to a related party; or
used for the purpose of the following expense types:

    Marketing related expenses (including: Advertising or Marketing, Existing Member Campaigns, Member Acquisition Campaigns, and all expense types under Marketing And Distribution (expense group));
    Sponsorship;
    Payments Or Donations To Industry Bodies;
    Payments Or Donations To Political Parties;
    Payments Or Donations To Trade Bodies.