Get a plain-English read of Reporting Standard SRS 340.0

Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2025.

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Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2025

Reporting Standard SRS 340.0 RSE Licensee Financial Statements

Financial Sector (Collection of Data) Act 2001

I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act), determine Reporting Standard SRS 340.0 RSE Licensee Financial Statements, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 3 of that reporting standard.

Under section 15 of the Act, I declare that Reporting Standard SRS 340.0 RSE Licensee Financial Statements shall begin to apply to those financial sector entities at the start of the day after the day this instrument is registered on the Federal Register of Legislation.

This instrument commences at the start of the day after the day it is registered on the Federal Register of Legislation.

Dated: 06 January 2025

Andrew Robertson

Chief Data Officer

Technology and Data Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established and maintained under section 15A of the Legislation Act 2003.

financial sector entity means financial sector entities of a kind referred to in paragraphs 5(2)(a) to (d)has the meaning given by section 5 of the Act.

Schedule

Reporting Standard SRS 340.0 RSE Licensee Financial Statements comprises the document commencing on the following page.

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Reporting Standard SRS 340.0

RSE Licensee Financial Statements

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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 its business operations[1].

Reporting Form	Reporting Table	Reporting Period	Due date	First reporting period
SRF 340.0 RSE licensee financial statements (SRF 340.0)	Table 1 Statement of comprehensive income	Each financial year	Within 3 months after the end of the relevant reporting period.	The first financial year ending on or after 30 June 2025
SRF 340.0	Table 2 Statement of financial position	Each financial year	Within 3 months after the end of the relevant reporting period.	The first financial year ending on or after 30 June 2025
SRF 340.0	Table 3 Statement of changes in equity	Each financial year	Within 3 months after the end of the relevant reporting period.	The first financial year ending on or after 30 June 2025
SRF 340.0	Table 4 Related Party Disclosures	Each financial year	Within 3 months after the end of the relevant reporting period.	The first financial year ending on or after 30 June 2025

Reporting Standard SRS 340.0Reporting Standard SRS 340.0

Get a plain-English read of Reporting Standard SRS 340.0

Reporting Standard SRS 340.0

RSE Licensee Financial Statements

Authority

Purpose

Application

Commencement

Reporting periods

Form and method of submission

Quality control

Authorisation

Minor alterations to forms and instructions

Interpretation