Document ID: chunk:federal_register_of_legislation:F2017L00730:body:0:p6
Version: federal_register_of_legislation:F2017L00730
Segment Type: other
Provision Reference: 
Character Range: 14202–17218

r. 5.01, r. 6.28 and 6.29.

Successor fund transfer   Represents a transfer of a member's benefits without the member's consent from one RSE to a successor fund within the meaning given in r. 1.03 of the SIS Regulations. Reference: SIS Regulations, r. 6.29.

Item 3  Report the number of closed member accounts in item 3 column 1.

Item 4  Report the number of member accounts in column 1 and value of members' benefits in column 2 as the sum of defined contribution members' benefits and defined benefit members' benefits. Do not include unallocated contributions.

        Item 4 column 1 is a derived item. Report the number of member accounts at the end of the reporting period in item 4 column 1 as the sum of member accounts at the beginning of the reporting period reported in item 1 column 1 and new member accounts reported in item 2 column 1, minus closed member accounts reported in item 3 column 1.

        Report the value of members' benefits in item 4 column 2 as equal to the sum of members' benefits reported in item 23.1 and item 23.2 of Reporting Form SRF 320.0 Statement of Financial Position.

Movement detail

Item 5 collects the types of new member accounts and account closures. Do not report where member interests in an existing account are transferred to a new type of account within an RSE.

Reporting basis: report item 5 with respect to events that occurred during the reporting period.

Unit of measurement: report column 2 as a whole number; report column 3 as thousands of dollars.

Item 5                                              Report each type of member account movement as a separate line in item 5.

                                                    Report the type of member account movement in column 1.

                                                    Report the number of member accounts in column 2.

                                                    Report the value of members' benefits in column 3 as the sum of defined contribution members' benefits and defined benefit members' benefits for each type of member account movement reported in column 1. Do not include unallocated contributions.

                                                    The types of member account movement are: account closure: satisfying a condition of release, account closure: consolidation of accounts, account closure:  outward rollover, account closure:  successor fund transfer, account closure: other exit, new member account: member, taxed phase, new member account: member, tax free phase, new member account: employer sponsor and new member account: other.

Account closure: Satisfying a condition of release  Represents a member account closed where all benefits in that account have been paid to a beneficiary where a condition of release within the meaning given in Schedule 1 of the SIS Regulations is satisfied.

Account closure: Consolidation of accounts  Represents a member account closed where all benefits in that account have been consolidated