Reporting Form SRF 705.1Reporting Form SRF 705.1

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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2021.

Reporting Form SRF 705.1

Investment Performance and Objectives

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 705.1 Investment Performance and Objectives (SRF 705.1).

General directions and notes

Reporting level

SRF 705.1 must be completed for each registrable superannuation entity (RSE), defined benefit RSE 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.

Reporting basis and unit of measurement

Amounts in SRF 705.1 are to be reported as percentages, whole numbers or numbers with decimals as specified. Percentages are to be reported as an unconverted number to two decimal places or as specified. For example, 12.34 per cent is to be reported as 0.1234.

Items on SRF 705.1 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.

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

Attribution of data to superannuation product, investment menu or investment option

SRF 705.1 must be completed in respect of each investment option offered by the RSE excluding the following:

investment options which have been aggregated as permitted in Item 3 of Reporting Form SRF 605.0 RSE Structure (SRF 605.0);
investment options which solely underlie defined benefits; and
investment options which are reported on SRF 605.0 with the Investment Option Category Type of 'Annuity’.

Where the data is applicable to all members in the investment option, the RSE licensee must report data for that investment option and report ‘ALL’ for the remaining RSE structure levels.

Column	Field name	Unique identifier	Applicable to	Valid values	Description
1	Superannuation Product Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.
2	Investment Menu Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the investment menu identifier. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.
3	Investment Option Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.
4	Return Objective Start Date		All filers	Date values	Report the start date of the return objective.
5	Return Measurement Type		All filers	Gross Investment ReturnGross Investment Return Net Of FeesNet Investment ReturnNet Return	Report the return measurement.
6	Return Objective Benchmark Text		All filers	Free text	Report the benchmark.
7	Return Margin Percent		All filers	Percentage to 4 decimal places	Report the return margin as a percentage per annum.
8	Investment Horizon Years Number		All filers	Number to 2 decimal places.	Report the investment horizon in years.

Column	Field name	Unique identifier	Applicable to	Valid values	Description
1	Fees And Costs Arrangement Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the fees and costs arrangement identifier that the performance relates to. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRF 605.0.
2	Superannuation Product Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.
3	Investment Menu Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the investment menu identifier. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.
4	Investment Option Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.
5	Return Measurement Comparison Type		All filers	Gross Investment Return Net Of FeesNet Investment Return	Report the comparison return type.This is required in order to allow comparison of returns between investment options.In most cases, this will be the Net Investment Return of the investment option.Where the tax for the investment option is determined on a member by member basis rather than as an aggregate for the investment option, the Gross Investment Return Net Of Fees should be used instead.
6	Return Measurement Comparison Percent		All filers	Percentage to 4 decimal places	Report the comparison return (%) as a percentage.
7	Return Measurement Option Type		All filers	Gross Investment ReturnGross Investment Return Net Of FeesNet Investment ReturnNet Return	Report the option return type. This is the type of return used for measuring the option return, for the purpose of comparison with the return objective target return.
8	Return Measurement Option Percent		All filers	Percentage to 4 decimal places	Report the option return (%) as a percentage.
9	Return Objective Target Return Description Text		All filers	Free text	Report the return objective target return description.This is a description of how the return objective target return was calculated for the reporting period.
10	Return Objective Target Return Percent		All filers	Percentage to 4 decimal places	Report the return objective target return as a percentage.
11	Return Investment Five Year Volatility Comparison Percent		All filers	Percentage to 2 decimal places	Report the volatility of comparison return (5 years) as at the end of the reporting period.If the volatility of comparison return (5 years) cannot be determined, this field should be left blank.
12	Return Investment Ten Year Volatility Comparison Percent		All filers	Percentage to 2 decimal places	Report the volatility of comparison return (10 years) as at the end of the reporting period.If the volatility of comparison return (10 years) cannot be determined, this field should be left blank.

Column

Field name

Unique identifier

Applicable to

Valid values

Description

Fees And Costs Arrangement Identifier

All filers

No more than 20 alpha-numeric characters (with no special characters)

Report the fees and costs arrangement identifier that the performance relates to. The fees and costs arrangement identifier must correspond to a fees and costs arrangement identifier reported in SRF 605.0.

Superannuation Product Identifier

All filers

No more than 20 alpha-numeric characters (with no special characters)

Report the superannuation product identifier. The superannuation product identifier must correspond to a superannuation product identifier reported in SRF 605.0.

Investment Menu Identifier

All filers

No more than 20 alpha-numeric characters (with no special characters)

Report the investment menu identifier. The investment menu identifier must correspond to an investment menu identifier reported in SRF 605.0.

Investment Option Identifier

All filers

No more than 20 alpha-numeric characters (with no special characters)

Report the investment option identifier. The investment option identifier must correspond to an investment option identifier reported in SRF 605.0.

Return Measurement Comparison Type

All filers

Gross Investment Return Net Of FeesNet Investment Return

Report the comparison return type.This is required in order to allow comparison of returns between investment options.In most cases, this will be the Net Investment Return of the investment option.Where the tax for the investment option is determined on a member by member basis rather than as an aggregate for the investment option, the Gross Investment Return Net Of Fees should be used instead.

Return Measurement Comparison Percent

All filers

Percentage to 4 decimal places

Report the comparison return (%) as a percentage.

Return Measurement Option Type

All filers

Gross Investment ReturnGross Investment Return Net Of FeesNet Investment ReturnNet Return

Report the option return type. This is the type of return used for measuring the option return, for the purpose of comparison with the return objective target return.

Return Measurement Option Percent

All filers

Percentage to 4 decimal places

Report the option return (%) as a percentage.

Return Objective Target Return Description Text

All filers

Free text

Report the return objective target return description.This is a description of how the return objective target return was calculated for the reporting period.

Return Objective Target Return Percent

All filers

Percentage to 4 decimal places

Report the return objective target return as a percentage.

Return Investment Five Year Volatility Comparison Percent

All filers

Percentage to 2 decimal places

Report the volatility of comparison return (5 years) as at the end of the reporting period.If the volatility of comparison return (5 years) cannot be determined, this field should be left blank.

Return Investment Ten Year Volatility Comparison Percent

All filers

Percentage to 2 decimal places

Report the volatility of comparison return (10 years) as at the end of the reporting period.If the volatility of comparison return (10 years) cannot be determined, this field should be left blank.

Reporting Form SRF 705.1Reporting Form SRF 705.1

Get a plain-English read of Reporting Form SRF 705.1

Reporting Form SRF 705.1

Investment Performance and Objectives

Instruction Guide

Reporting level

Reporting tables

Reporting basis and unit of measurement

Definitions

Attribution of data to superannuation product, investment menu or investment option

Table 1: Investment objectives

Table 2: Comparison of return to benchmark