Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p39
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 163796–167177

or rental income.
Property Commercial (asset class characteristic 2)                               Means an investment in commercial real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.
Property Development (asset class characteristic 1)                              Means a property investment which is predominantly non-income generating and is subject to material levels of construction risk.
Property Diversified (asset class characteristic 2)                              Means a diversified portfolio of property investments
Property Established (asset class characteristic 1)                              Means a property investment which is in an income generating phase and is subject to immaterial levels of construction risk.
Property Industrial (asset class characteristic 2)                               Means an investment in industrial real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.
Property Other (asset class characteristic 2)                                    Means a property investment which does not meet the definition of any of the available options.
Property Residential (asset class characteristic 2)                              Means an investment in residential real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.
Property Retail (asset class characteristic 2)                                   Means an investment in retail real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.
Proportion of assets to which service is provided                                Means the proportion of total assets managed by the RSE licensee to which the service is provided.
Proportion of members to which service is provided                               Means the proportion of total membership of the RSE licensee for the whom the service is provided. In the case of financial advice, the proportion of members for whom the service is available.

R

Regulatory Levies (expense type)                        Means the expense incurred for the provision of any regulatory levies services.
Related connected entity                                Means an entity that is both a related party and a connected entity. .
Related party                                           Means, in relation to an entity (the principal entity) or the RSE licensee of the principal entity, is a related party for the purposes of accounting standard AASB 124 Related Party Disclosures and/or a Related party as defined in subsection 10(1)  of the SIS Act .
Relationship with the service provider                  Means a responsible person has a financial or other interest with a service provider that is engaged by the RSE licensee.
Research and Data Analytics (expense type)              Means the expense incurred for the provision of any data analytics or research including the cost of subscriptions used for research and data analytics.
Reserve Bank Of Australia (RBA) (type of counterparty)  Means Australia's central bank.
Responsible persons                                     Has the meaning as in Prudential Standard SPS 520 Fit and Proper.