Reporting Form SRF 340.0

RSE Licensee Financial Statements

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 340.0 RSE Licensee Financial Statements (SRF 340.0). This form collects information relating to the RSE licensee’s audited financial statements and reports.

General directions and notes

Reporting level

SRF 340.0 must be completed for each RSE licensee in respect of its business operations.

Reporting tables

Tables described in this reporting form list each of the data fields required to be reported.

Reporting basis and units of measurement

In completing the reporting standards, unless otherwise specifically stated, reporting RSE Licensees are to report in accordance with the relevant Australian Accounting Standards.

Report values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.

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: Statement of comprehensive income

Report each revenue and expense item listed in Table 1 that the RSE Licensee is able to categorise within their financial accounts. For any items with nil value, leave the field blank. Report expenses as negative values.

Where certain expense items are aggregated into a single service fee and are not available by expense category, report the total amount in ‘Other Expenses’ and leave the other relevant expense item field blank. For example, if RSE licensee expenses comprise a single, non-itemised payment to a service provider to cover both ‘Administration expenses’ and ‘Occupancy expenses’, report the total expense amount under ‘Other expenses’ and leave the ‘Administration expenses’ and 'Occupancy expenses' fields blank.

APRA expects where revenue and expense items are able to be broken down into separate items, that they be reported under the relevant category. For example, where Director Remuneration and Executive Remuneration have been quantified to meet other disclosure requirements, they should be reported separately in this table.