Division Table 2: Administration and other expens - Financial Sector (Collection of Data) (reporting standard) determination No. 41 of 2023 - Table 2: Administration and other expenses reporting

Table 2: Administration and other expenses reporting

Report all administration and other (non-investment management) expenses for the reporting period in Table 2 on a look-through basis. Where a payment is made by the entity or on behalf of the entity to an industrial body, report the details of the industrial body as the service provider for all expenses in Table 1, and report the service provider type as industrial body.

For all other expenses, if there is no connected entity, report the total expenses with the receiving entity. If expenses are with a connected entity, report the total cost amount from the last connected entity in the look-through chain to the first entity that is not a connected entity. For each entity in the look-through chain, report any expense not on paid to a further connected entity. Classify the amount for each relevant expense group type, expense type and service arrangement engagement type for which the entity provides a service to the RSE[7].

For accounting adjustments, where the associated purpose can be identified, report the purpose and the engagement type of accounting adjustment, otherwise report the purpose as accounting adjustment. For example, report depreciation against expense type capital expenditure with the service arrangement engagement type as accounting adjustment. Where the payee of the associated expense can be identified, report the payee, otherwise report the RSE licensee as the payee.

Where travel, training, entertainment or conference expenses are incurred by the RSE licensee specifically in relation to another expense type such as call centre services or account administration, report the expense against the relevant expense type with service arrangement engagement type of travel entertainment and conferences.

Where travel, training, entertainment or conference expenses are incurred by the RSE licensee in relation to central functions, report the expense against the travel, training, entertainment or conference fund operations and corporate overheads expense type with service arrangement engagement type of travel entertainment and conferences.

Where capital expenditure expenses are incurred by the RSE licensee specifically in relation to another expense type such as call centre services or account administration, report the expense against the relevant expense type. Where capital expenditure expenses are incurred by the RSE licensee in relation to central functions, report the expense against the capital expenditure expense type.

Where IT services expenses are incurred by the RSE licensee specifically in relation to another expense type such as call centre services or member account administration, report the expense against the relevant expense type. Where IT services expenses are incurred by the RSE licensee in relation to central functions, report the expense against the IT services expense type.

Column	Field name	Unique identifier	Applicable to	Valid values	Description
1	Service Provider Identifier	Y	All filers	No more than 20 alpha-numeric characters (with no special characters)	Report the service provider identifier.
2	Superannuation Fund Or Licensee Type	Y	All filers	RSEDB RSEPSTERF	Report the RSE, DB RSE, PST or ERF indicator.
3	Expense Group Type	Y	All filers	Administration ServicesAdviceMember ServicesMarketingTrustee BoardFund Operations And Corporate OverheadsOther	Report the expense group.Where the expense is paid to the RSE licensee or a connected entity, and the expense is for the purpose of multiple expense group types, the expense must be apportioned across the expense groups to which it relates.
4	Expense Type	Y	All filers	See Lists at the end of these Instructions	Report the expense type.Where the expense is paid to the RSE licensee or a connected entity, and the expense is for the purpose of multiple expense types, the expense must be apportioned across each the expense type to which it relates.
5	Service Arrangement Inclusions Exclusions Text	Y	All filers	Free text	Report the detail of how the service arrangement differs with particular inclusions or exclusions. For example, if the general administration service provider excludes the call centre function, highlight this here and include a separate row for the call centre function service provider under ‘member services’ service type category.If there are no inclusions or exclusions applicable to the expense, report ‘Not applicable’.
6	Service Arrangement Engagement Type		All filers	Other PaymentsOngoing Payment To Service ProviderConsultant FeesStaff WagesAccounting AdjustmentsTravel Entertainment And ConferencesDirector RemunerationExecutive RemunerationDonation To Political Party	Report the engagement type.
7	Proportion Of Assets Service Provided Percent		All filers	Percentage to 2 decimal places	Report the proportion of assets to which service is provided.
8	Proportion Of Members Service Provided Percent		All filers	Percentage to 2 decimal places	Report the proportion of members to which service is provided.
9	Service Arrangement Registrable Superannuation Entity Or Member Cohort Different Cover Text		All filers	Free text	If the proportion of members to which service is provided is not 100%, report the description of the member cohort covered and / or not covered under this service arrangement.
10	Payment SPS 515 Materiality Indicator		All filers	YesNo	Report whether this expense is material for the purposes of SPS 515 materiality.
11	Service Arrangement Cost Amount		All filers	Whole dollars	Report the total cost of the service arrangement.
12	Related Party Indicator		All filers	YesNo	Report whether the expense is classified as an expense with a related party.

Table 2: Administration and other expensTable 2: Administration and other expenses reporting

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Table 2: Administration and other expenses reporting