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Commonwealth legislation
This instrument is a comprehensive dictionary of technical definitions for Australia’s superannuation reporting regime, replacing Determination No. 10 of 2024. It tells RSE licensees how to classify investments, fees, insurance, governance, valuations and other items across 16 APRA reporting standards so funds report consistently.
It applies to reporting periods ending on or after 30 June 2025 and matters because consistent data lets APRA monitor ~$3.5 trillion in retirement savings, compare funds, and detect risks.
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Direct links to the current provisions in Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2025.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2025
Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections
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) and subsection 33(3) of the Acts Interpretation Act 1901:
revoke Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2024, including Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections made under that determination; and
determine Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections, in the form set out in the Schedule, which applies to financial sector entities to the extent provided in paragraph 2 of that reporting standard.
Under section 15 of the Act, I declare that Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections shall begin to apply to those financial sector entities, and that the revoked reporting standard shall cease to apply, 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: 30 April 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) of the Act.
Schedule
Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections comprises the document commencing on the following page.
Reporting Standard SRS 101.0
Definitions for Superannuation Data Collections
Objective of this Reporting Standard
This Reporting Standard defines key terms referred to in the Reporting Standards specified in paragraph 2 that are applicable to registrable superannuation entity licensees (RSE licensees). All Reporting Standards specified in paragraph 2 must be read in conjunction with this Reporting Standard.
Authority
Application and commencement
This Reporting Standard applies in relation to all entities which submit data to APRA under the following reporting standards:
Reporting Standard SRS 605.0 RSE Structure Reporting Standard SRS 606.0 RSE Profile Reporting Standard SRS 611.0 Member Accounts Reporting Standard SRS 705.0 Components of Net Return Reporting Standard SRS 705.1 Investment Performance and Objectives Reporting Standard SRS 706.0 Fees and Costs Reporting Standard SRS 251.0 Insurance Reporting Standard SRS 332.0 Expenses and Investment and Transaction Fees and Costs Reporting Standard SRS 550.0 Asset Allocation Reporting Standard SRS 340.0 RSE Licensee Financial Statements Reporting Standard SRS 551.0 Liquidity Reporting Standard SRS 552.0 Securities Subject to Repurchase and Resale and Stock Lending and Borrowing Reporting Standard SRS 553.0 Investment Exposure Concentrations and Valuations Reporting Standard SRS 604.0 RSE Licensee Profile Reporting Standard SRS 607.0 RSE Business Model
Unless the contrary intention appears, definitions in this Reporting Standard apply to all the reporting standards listed in paragraph 2.
This Reporting Standard applies to reporting periods ending on or after 30 June 2025.
General
Interpretation
Overview
Definitions
Numeric
| 2017 (RG 97 version) | Means superseded ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (RG 97), dated March 2017. |
|---|---|
| 2020 (RG 97 version) | Means ASIC Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (RG 97), dated September 2020. |
A
| AASB | Means the Australian Accounting Standards Board. |
|---|---|
| ABN (Australian Business Number) | Has the meaning as in section 41 of the A New Tax System (Australian Business Number) Act 1999. |
| Access type | Means the available access channels to the superannuation product.The access types are:Individual No Advisor Required;Individual Advisor Only;Standardised Employer;Tailored Employer; andCombined Access Type. |
| Accounting adjustments (expense type) / (engagement type) | Means any accounting adjustments including amortisation or depreciation. |
| Accounting and Finance (expense type) | Means the expense incurred for the provision of accounting and finance services to the reporting entity. |
| Accumulation (product phase) | Means the same as ‘growth phase’ as in regulation 1.03 AB of the SIS Regulations. |
| Activities Of Daily Life (ADL) (TPD assessment criteria) | Means a type of TPD assessment criteria that requires claimants to show that they are unable to perform activities of daily life (ADL), such as the ability to feed oneself, walking, dressing or bathing. |
| Activity fee | Means a fee charged to a member that relates to an activity of an RSE licensee that is engaged in at the request, or with the consent, or a member or that relates to a member and is required by law. Reference: Section 29V(7) of the SIS Act. |
| Activity fee type | Means the type of activity fees that can be reported, the activity fee types are:Advice Fee;Brokerage Fee;Buy Sell Spread;Contribution Fee;Contribution Splitting Fee;Dishonoured Payment Fee;Establishment Fee;Family Law;Financial Advice;Financial Hardship Application;Insurance Fee;Lost Member Search Fee;No TFN Tax Recovery Fee;Non Intrafund Advice Fee;Switching Fee;Withdrawal Fee;Other; andNot Applicable. |
| Actual Gearing (Investment Gearing Proportion Type) | Means the actual level the investment is geared at reporting date. |
| Actual Net Cash Flows | Means the net of flows into and outwards of the regulated superannuation fund or investment option. |
| Actuarial Services (expense type) | Means the expense incurred for the provision of actuarial services. |
This is an opening excerpt, not the complete document.