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Superannuation (prudential standard) determination No. 6 of 2024
Access to ORFR financial resourcesAccess to ORFR financial resources
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Access to ORFR financial resources
- To be eligible to meet the ORFR target amount, any ORFR financial resources held as an operational risk reserve within an RSE must:
- be separately identifiable from member accounts and reserves held in the RSE for other purposes; and
- be unrestricted and readily available to address operational risks in a timely manner.[5]
- To be eligible to be used to meet the ORFR target amount, any ORFR financial resources held as trustee capital must be held in a form that is equivalent to Common Equity Tier 1 Capital.[6]