Document ID: chunk:federal_register_of_legislation:F2015L00810:body:0:p7
Version: federal_register_of_legislation:F2015L00810
Segment Type: other
Provision Reference: 
Character Range: 18881–22389

and r. 9.32(b).

Employer-sponsors that did not pay certified minimum contributions at the recommended frequency   Represents employer-sponsors that did not pay at the actuary's recommended frequency of minimum contributions and would not be classified as on a contribution holiday. Reference: SIS Regulations, r. 9.08(4) and r. 9.10(1)(g).

Contributions in arrears                                                                          Represents the amount of contributions (as recommended by the actuary) expected to be received by the RSE but which were not received by the expected or agreed date. Includes: employer contributions.

Employer-sponsors that have notified intent to cease contributions                                Represents employer-sponsors that have notified intent to cease contributions.

Is participation of any employer-sponsor limited?                                                 Represents where there are limits under the trust deed or rules of the RSE that set a cap on the amount or rate at which an employer-sponsor is required to make contributions in certain circumstances.

Benefit payments

Item 3 collects benefit payments to members of the defined benefit RSE or sub-fund, as appropriate.

Reporting basis: report item 3.1 column 1 as at the end of the reporting period; report item 3.1 column 2 with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 3.1 column 1 as a whole number; report item 3.1 column 2 in thousands of dollars.

Item 3                                                              Report the number of member accounts from which a benefit payment has been made in item 3.1 column 1 and the value of benefit payments made in item 3.1 column 2. Report information on all benefit payments in item 3.1 column 2 including defined contribution members' benefits and defined benefit members' benefits.

                                                                    If some or all of the benefit payments reported in item 3.1 column 2 were made in accordance with actuarial recommendations, report 'yes' in item 3.2; if benefit payments were made otherwise than in accordance with actuarial recommendations, report 'no'; if no benefit payments were otherwise made, report 'not applicable'.

Member account                                                      Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Benefit payments                                                    Represents lump sum benefit payments and pension benefits paid directly to members. Includes: insurance claim benefits or proceeds first credited to members' accounts and subsequently disbursed along with members' benefits to the member or beneficiary. Excludes: rollovers and successor fund transfers. Reference: SIS Regulations, Divisions 6.2 and 6.3; Superannuation Industry (Unclaimed Money and Lost Members) Act 1999, Part 4A.

Benefit payments made in accordance with actuarial recommendations  Represents benefit payments paid to members in accordance with actuarial recommendations in a technical insolvency program as prescribed in the SIS Regulations. Reference: SIS Regulations, r. 9.19(4).

Defined contribution members' benefits                              Represents the present obligation to pay benefits to defined contribution members and beneficiaries. Reference: Australian Accounting Standards.

Defined benefit members' benefits