Document ID: chunk:federal_register_of_legislation:F2015L01291:body:0:p10
Version: federal_register_of_legislation:F2015L01291
Segment Type: other
Provision Reference: 
Character Range: 25689–28826

end of the reporting period in column 6.

                         Item 22.2 is a derived item. Report the sum of the closing balance of all reserves reported in item 22.1 column 6 in item 22.2.

                         Report transfer into reserve in column 1 and transfer out of reserve in column 2 as a positive. Report transfer into reserve in column 2 gross of transfer out of reserve reported in column 3. Report transfer out of reserve in column 3 gross of transfer into reserve reported in column 2.

                         Report earnings on reserve in column 3 and loss on reserve in column 5 as a positive number.

ORFR reserve             Represents the reserve held within an RSE within the RSE licensee's business operations for the purposes of meeting the operational risk financial requirement. An ORFR reserve must be separately identifiable from member accounts and reserves held in the RSE for other purposes. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Investment reserve       Represents the difference between the cumulative value of investment income (net of investment expenses) allocated to members' accounts compared to the cumulative investment income (net of investment expenses) earned. Includes: investment fees deducted from members accounts but not yet allocated for payment of investment related expenses.

Self-insurance reserve   Represents a reserve designated by the RSE licensee as being for the purposes of funding self-insurance arrangements.

Administrative reserve   Represents a reserve comprising the difference between the cumulative value of administration fees charged to members' accounts but not yet allocated for payment of administration costs.

Reserve                  Represents the portion of net assets available for members' benefits which is not total liability for members' benefits. Includes: reserves such as ORFR reserve, investment reserve and self-insurance reserve. Excludes: surplus/deficit in net assets, unallocated contributions that are not part of a formal reserve.

Transfer into reserve    Represents the total value transferred into a reserve resulting in an increase in the reserve.

Transfer out of reserve  Represents the total value transferred out of a reserve resulting in a decrease in the reserve.

Earnings on reserve      Represents the total value earned via investing the amount held in a reserve.

Loss on reserve          Represents the total value of loss via investing the amount held in a reserve.

Item 23                                 Item 23 is a derived item. Report total liability for members' benefits in item 23 as the sum of defined contribution members' benefits reported in item 23.1, defined benefit members' benefits reported in item 23.2 and unallocated contributions reported in item 23.3.

                                        For a defined benefit member that has both defined benefit members' benefits and defined contribution members' benefits, report the portion that is attributed to that member's defined benefit members' benefits in item 23.2 and the portion that is attributed