Document ID: chunk:federal_register_of_legislation:F2015L00809:body:0:p8
Version: federal_register_of_legislation:F2015L00809
Segment Type: other
Provision Reference: 
Character Range: 20508–23743

not report the short term assumptions.

Investment return   Represents the investment return net of investment fees, costs and taxes. Exclude: all non-investment related fees and taxes, e.g. administration fees and taxes.

Wage growth         Represents the growth in wages.

CPI                 Represents the consumer price index.

Weighted average term of defined benefit liabilities

Item 4 collects the weighted average term of defined benefit liabilities and the date this was last calculated of the defined benefit RSE, sub-fund or SAF, as appropriate.

Reporting basis: report item 4.1 as at the date reported in item 4.2.

Unit of measurement: report item 4.1 as a number to one decimal place; report item 4.2 as DD/MM/YYYY.

Item 4                                                Report the weighted average term of defined benefit liabilities in years, in item 4.1.

                                                      Report the effective date of the weighted average term calculation reported in item 4.1 in item 4.2.

Weighted average term of defined benefit liabilities  Represents the duration of accrued benefit payments due to members under the defined benefit arrangements.

Certificates

Item 5 collects information about benefit certificates and funding and solvency certificates of the defined benefit RSE, sub-fund or SAF, as appropriate.

Reporting basis: report item 5.1, item 5.3 and item 5.4 as at the end of the reporting period. Report item 5.2 and item 5.5 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 5.1, item 5.3 and item 5.5 column 2 as DD/MM/YYYY.

Item 5                             Report the effective date of the current funding and solvency certificate in item 5.1.

                                   If a notifiable event has occurred, report 'yes' in item 5.2; otherwise, report 'no'.

                                   Report the effective date of the current benefit certificate in item 5.3.

                                   Report the current financial position type as indicated by the RSE actuary in item 5.4. The financial position types are: satisfactory financial position, unsatisfactory financial position or technically insolvent.

                                   If the RSE actuary has indicated that there has been a change in financial position type, report each change as a separate line in item 5.5; otherwise leave item 5.5 blank. Report the financial position type in column 1 and the date the change became effective in column 2.

                                   Example: At the beginning of the reporting period, the financial position type of the defined benefit sub-fund was technically insolvent; On 30 October 2013, the RSE actuary advised that the financial position type of the defined benefit sub-fund was unsatisfactory financial position. Subsequently on 28 February 2014 (in the same reporting period), the RSE actuary advised that the financial position type of the defined benefit sub-fund was satisfactory financial position. Report satisfactory financial position in item 5.4; report on one line in item 5.5, unsatisfactory financial position in column 1 and 30/10/2013 in