The materiality thresholds are:The materiality thresholds are:

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.

An RSE licensee must complete SRF 332.0 for all expenses in respect of each reporting period ending on or after 30 June 2022.