Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021
Investments and Currency ExposureInvestments and Currency Exposure
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This instruction guide is designed to assist in the completion of Reporting Form SRF 550.1 Investments and Currency Exposure (SRF 550.1). This form collects information relating to the investments and currency exposures of registrable superannuation entities.
General directions and notes
Reporting level
SRF 550.1 must be completed for each RSE, defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (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 550.1 in respect of each reporting period ending on or after 30 June 2022.
Reporting basis and unit of measurement
Report all items on SRF 550.1 in accordance with the Australian Accounting Standards.
Amounts in SRF 550.1 are to be reported as whole dollars. Percentages are to be reported as an unconverted number to two decimal places. For example, 12.34 per cent is to be reported as 0.1234.
Items on SRF 550.1 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.
Certain items in SRF 550.1 are to be reported on an APRA-look through basis. Reporting on an APRA-look through basis means:
(a) where the ultimate investment is held directly by the RSE licensee, reporting that investment;
(b) where the ultimate investment is held by a person connected with the RSE licensee, reporting that investment; and
(c) where the ultimate investment is not held by the RSE licensee or a person connected with the RSE licensee, reporting the most proximate investment, of a person connected with the RSE licensee, to the ultimate investment.[\[10\]](#_ftn10) [\[11\]](#_ftn11)
These instructions specify the reporting basis, unit of measurement and look through basis 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: Investments
Report data as at the end of the reporting period.
APRA-look through basis
Where Directly Held is reported as the investment type (column 1), report on a non-APRA-look through basis. Where Indirectly Held is reported as the investment type (column 1), report on an APRA-look through basis, with reference to the investments underlying and investment vehicle.
When reporting on an APRA-look through basis, information about the underlying investments in an investment vehicle must be reported. Investments in investment vehicles must be allocated to each combination of asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type and listing type represented in the underlying investments.
When reporting the relevant asset class sector type of investments on an APRA-look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity - investments and identify the asset class sector type(s) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.
Instructions
Report the value of investments of the RSE. For each investment, report the strategic sector, and the listing type, domicile type and international economy type of the strategic sector which the investment is allocated to. Report the asset class sector type, asset class characteristic 1, asset class characteristic 2, asset class characteristic 3, domicile type, international economy type and listing type of the investment according to the relevant look-through basis.
Investments in investment vehicles must be allocated to each investment asset class sector type, investment asset class characteristic 1 type, investment asset class characteristic 2 type, investment asset class characteristic 3 type, investment listing type, investment domicile type and investment international economy type represented in the underlying investment.
Exchange traded funds (ETFs) and listed trusts are to be allocated to the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. Include equity ETFs and listed equity trusts with investment asset class sector type as ‘Equity’. Include non-equity ETFs and listed trusts in the investment asset class sector type of the underlying asset with investment listing type as ‘Listed’. For example, report investment asset class sector type for fixed income ETFs as ‘Fixed Income’, commodity ETFs as ‘Alternatives’, listed property trusts as ‘Property’ and listed infrastructure trusts as ‘Infrastructure’.
Alternative strategy funds are to be allocated to the investment asset class sector type ‘Alternatives’ with the strategy classified under investment asset class characteristic 2. Commodities are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Commodities’. Other alternative assets are to be allocated to the investment asset class sector type ‘Alternatives’ with investment asset class characteristic 2, as ‘Alternatives Other’.
The value of investments reported in table 1 column 12 must be calculated as the sum of the value of all physical assets (having applied APRA-look through) together with the effective exposure of the derivative instruments.
When reporting indirectly held investments, apportion the value of the market exposure of any derivative contracts within the indirectly held investment to the asset class sector type(s) and asset class characteristics to which the derivatives relate. The apportionment will enable the net asset value of the indirectly held investment to be reported in table 1 column 12.
If derivative contracts are used within an indirectly held investment to hedge currency exposure, report the percentage of the indirectly held investment’s net asset exposure that is currency hedged (refer to table 1 column 14).
The proportion of the investment which is currency hedged must be reported at the same level that it is implemented. If the RSE licensee implements currency hedging at asset class level, report the proportion of the investment which is currency hedged in table 1 column 14. If an RSE licensee implements currency hedging at an investment option level, report the value of the Currency Exposure in table 1 column 12 using Currency Exposure as the asset class sector type. In these instances, the value of the Currency Exposure is treated separately and does not contribute to the total value of the investment option.
Where the investment listing is not known, report investment listing type as ‘Not Applicable’.
Where the investment domicile is not known, report investment domicile type as ‘Not Applicable’. Investment domicile is the domicile of the assets identified when applying the APRA-look through requirements, not the domicile of the investment vehicle.
Report investment international economy type as ‘Not Applicable’ for investment domicile type ‘Australian Domicile’. Where the investment international economy type is not known, report investment domicile type as ‘Not Applicable’.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Investment Type
Y
All filers
Directly HeldIndirectly Held
Report the investment type of the investment.
2
Investment Vehicle Type
Y
All filers
Cash Management TrustLife Company GuaranteedLife Company Investment LinkedLife Company OtherPooled Superannuation TrustRetail TrustWholesale TrustOther Indirect InvestmentNot Applicable
Report the investment vehicle type of the investment.
3
Investment Vehicle Listing Type
Y
All filers
ListedUnlistedNot Applicable
Report the listing type of the investment vehicle.
4
Investment Vehicle Domicile Type
Y
All filers
Australian DomicileInternational DomicileNot Applicable
Report the domicile type of the investment vehicle.
Report the asset class sector type of the investment.
6
Investment Asset Class Characteristic 1 Type
Y
All filers
Consult appendix A for valid values for the asset class sector type selected in column 5.
Report the asset class characteristic 1 of the investment.
7
Investment Asset Class Characteristic 2 Type
Y
All filers
Consult appendix A for valid values for the asset class sector type selected in column 5.
Report the asset class characteristic 2 of the investment.
8
Investment Asset Class Characteristic 3 Type
Y
All filers
Consult appendix A for valid values for the asset class sector type selected in column 5.
Report the asset class characteristic 3 of the investment.
9
Investment Listing Type
Y
All filers
ListedUnlistedNot Applicable
Report the listing type of the investment.
10
Investment Domicile Type
Y
All filers
Australian DomicileInternational DomicileNot Applicable
Report the domicile type of the investment.
11
Investment International Economy Type
Y
All filers
Emerging MarketsDeveloped MarketsNot Applicable
Report the international economy type of the investment.
12
Investment Value Amount
All filers
Whole dollars
Report the value of the investment.
13
Investment Synthetic Exposure Amount
All filers
Whole dollars
Report the synthetic exposure of the investment.
14
Investment Currency Hedged Percent
All filers
Percentage to 2 decimal places
Report the currency hedged (%) of the investment.
15
Investment Individually Managed Mandates Amount
All filers
Whole dollars
Report the portion of the investment which is invested via individually managed mandates.
Table 2: Currency exposure
Report data as at the end of the reporting period.
The value of investments reported in table 2 column 2 must be calculated as the sum of the value of all physical assets (having applied APRA-look through) together with the effective exposure of the derivative instruments.
Column
Field name
Unique identifier
Applicable to
Valid values
Description
1
Assets Held Currency Code
Y
All filers
Applicable currency code
Report the currency code of the currency in which the entity holds assets.
2
Assets Currency Held Amount
All filers
Whole dollars
Report the value of the assets held in the currency.
Part Investments and Currency Exposure - Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021 - Investments and Currency Exposure | Zoe