Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p27
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 110559–115564

arrangements where no insurance premium is payable because the insurance policy is based on a surrender value.

Insurance premium collected                                                                Means the amount of insurance premium collected from member accounts.

Insurance premium paid                                                                     Means insurance premium paid to the life insurance company for the provision of cover under an insurance policy.

Insurance premium rebate                                                                   Means rebates received from the life insurance company in respect of members' insurance premiums paid to that insurer. Includes: all rebates regardless of how or to whom the rebate is paid, such as directly to the RSE licensee or an employer sponsor of the RSE, defined benefit RSE or ERF.

Insurance premium rebate received                                                          Means the value of insurance premium rebate received from the life insurance company.

Insurance reporting level                                                                  Means the number of superannuation insurance policies included within an insurance cluster.

                                                                                           Possible insurance reporting levels are:

                                                                                               * Single Policy; and
                                                                                               * Aggregated Policies.
Insurance table identifier                                                                 Means a unique identifier created by the RSE licensee used to represent insurance arrangements.

                                                                                           The insurance table identifier must satisfy the following rules:

                                                                                               * it must comprise no more than 20 alpha-numeric characters (with no special characters);
                                                                                               * it cannot be the same as the insurance table number currently or previously used for another insurance arrangement within the same RSE or defined benefit RSE; and
                                                                                               * it cannot change so long as the insurance arrangement exists and must be reported consistently across reporting periods.
Interest Rate Contract (exposure type)                                                     Means a contract that transfers the interest rate risk on an underlying asset from one party to another.

Internal Audit (expense type)                                                              Means the expense incurred for the provision of internal audit services.

Internally managed (investment option management type)                                     Means investment management is carried out by the RSE licensee

International Domicile (domicile type)                                                     Means financial instruments issued outside Australia.

International economy type                                                                 The international economy types are:

                                                                                               * Emerging Markets;
                                                                                               * Developed Markets;
                                                                                               * Not Specified; and
                                                                                               * Not Applicable.
Intra Fund Advice (expense type)                                                           Means financial product advice given by an RSE licensee (or an employee of, or another person acting under arrangement with, the RSE licensee) of an RSE, defined benefit RSE or ERF to its members, where that advice is not of a kind to which the prohibition in section 99F of the SIS Act applies.

Investment (component activity) / (fees and costs component activity)                      Means activities that give rise to 'investment fees' as defined in item 101, Schedule 10 of the Corporations Regulations 2001.

                                                                                           Excludes Administration and Transaction activities.

Investment administration                                                                  Means the expense incurred for the provision of any investment administration services.

(expense service type)

Investment cap                                                                             Means the maximum percentage of a member's balance that is permitted to be invested into an investment option