Financial Sector (Collection of Data) (reporting standard) determination No. 41 of 2023
Reporting basis and unit of measurementReporting basis and unit of measurement
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Reporting basis and unit of measurement
RSE licensees must report all items on SRF 332.0 in accordance with the Australian Accounting Standards unless otherwise specified.
The total service arrangement cost amounts and total service arrangement investment cost amounts reported in SRF 332.0 should reflect the total expenses in the RSE, defined benefit RSE, PST or ERF’s financial statements. Amounts in SRF 332.0 should and are to be reported on an accrual’s basis.
Amounts in SRF 332.0 are to be reported on an APRA look-through basis.[5] The look-through chain will end with the expenses from the last connected entity to the first entity that is not a connected entity.
Amounts in SRF 332.0 are to be reported as percentages or whole numbers. 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 332.0 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period. Unless otherwise specified, report information with respect to transactions that occurred during the reporting period.
These instructions specify the reporting basis and unit of measurement that applies to each item.