Reporting Form SRF 553.3

Valuations

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 553.3 Valuations (SRF 553.3). This form collects information relating to investment valuations of RSEs, defined benefit RSEs and pooled superannuation trusts (PST).

General directions and notes

Reporting level

SRF 553.3 must be completed for each RSE, defined benefit RSE and PST.

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

Report all items on SRF 553.3 in accordance with the Australian Accounting Standards.

Assets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee may use those AUD exchange rates that it judges to be a representative closing mid-market rate as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee must use the same exchange rates across all returns to APRA.

Items on SRF 553.3 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period as specified.

Amounts in SRF 553.3 are to be reported as whole dollars. 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.

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: Out Of Cycle Valuations – Material Unlisted Investments

This table must be completed for all reportable exposures reported in SRF 553.1, where an out of cycle revaluation has occurred during the reporting period.

Where an out of cycle valuation adjustment is triggered by the revaluation of an underlying investment in an indirectly held investment, report details of the underlying investment in columns 11 to 14.

Table 2: Out Of Cycle Valuations – Material Impact On Investment Options

Instructions

Report for each investment option where the aggregate impact of out of cycle valuation adjustment on unlisted investments held by the investment option during the reporting period is at least 30 basis points (30 bps) on the opening value of the investment option.

Report details depending on the investment as follows:

• for material unlisted investments reported in SRF 553.1, report details for each relevant reportable exposure in this table.
• for non-material unlisted investments (i.e. unlisted investments other than those reported in SRF 553.1), report for each relevant reportable exposure where details are available. Otherwise, report reportable exposure in aggregate by strategic sector type.
• for out of cycle valuation adjustments implemented at asset sector level, report in aggregate by strategic sector type.

Table 3: RSE Valuation Profile

Instructions

Complete this table for all unlisted assets held by the RSE, defined benefit RSE or PST. Exclude balances of assets held within externally managed investment options.

For the purposes of reporting in this table, unlisted assets include:

• Unlisted Property,
• Unlisted Infrastructure,
• Unlisted Equity,
• Unlisted Alternatives, and
• Private Credit (i.e. where the Asset Class Characteristics 2 is Fixed Income Private Debt).

Table 4: RSE Internally and Externally Managed Investments

For each RSE, defined benefit RSE or PST, report internally managed investments and externally managed investments.