Document ID: chunk:federal_register_of_legislation:F2017L00726:body:0:p4
Version: federal_register_of_legislation:F2017L00726
Segment Type: other
Provision Reference: 
Character Range: 8383–11553

given in SPS 160; and

    year of income has the meaning given in section 10(1) of the SIS Act.

SRF 330.1: Statement of Financial Performance

Australian Business Number  Institution Name

Reporting Period            Scale Factor

Reporting Consolidation

Members' benefits flows

 1. Members' benefits flows in
  1.1.  of which: Employer contributions
  1.2.  of which: Member contributions
  1.3.  of which: Defined benefit contributions
2.  Members' benefits flows out
  2.1.  of which: Benefit payments
  2.2.  of which: Repatriation to employer-sponsor

Superannuation activities

3.  Investment income and gains/losses
4.  Operating income
5.  Investment expenses
6.  Administration and operating expenses
7.  Advice expenses

Insurance activities

8.  Net flows from insurance activities
  8.1.  Insurance related inflows
  8.2.  Insurance related outflows

9.  Profit/loss before income tax
10.  Income tax expense/benefit
11.  Profit/loss after income tax
12.  Transfers into reserves affecting net assets available to pay members' benefits
13.  Transfers out of reserves affecting net assets available to pay members' benefits
14.  Change in net assets available to pay members' benefits

Reporting Form SRF 330.1

Statement of Financial Performance

Instructions

These instructions assist completion of Reporting Form SRF 330.1 Statement of Financial Performance (SRF 330.1). SRF 330.1 collects information relating to the operations of a sub-fund, specifically investment, operations, insurance and membership activities. Information reported in SRF 330.1 is required primarily for prudential and publication purposes.

Reporting level

SRF 330.1 must be completed for each sub-fund.

Reporting basis and unit of measurement

Report all items on SRF 330.1 in accordance with the Australian Accounting Standards unless otherwise specified.

Items on SRF 330.1 must be reported with respect to transactions that occurred during the reporting period.

Items on SRF 330.1 must to be reported as thousands of dollars.

Item 3 to item 7 inclusive on SRF 330.1 must be reported in accordance with fair and reasonable allocation processes determined by the RSE licensee, as required under s. 99E of the Superannuation Industry (Supervision) Act 1993 the (SIS Act). These instructions specify an apportionment basis which may be applied if the RSE licensee has not determined fair and reasonable allocation processes. For the purposes of reporting insurance related flows in item 8, an RSE licensee must report in the manner that the insurance related flows operate in practice. The fair and reasonable allocation of costs requirements under s. 99E of the SIS Act apply only to reporting of superannuation activities (items 3 to 7).

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Members' benefits flows

Item 1 and item 2 collect the members' benefits flows in and out of a sub-fund including contributions, net rollovers, net successor fund transfers, repatriations to employer sponsors and benefit payments.

Report contributions gross of contributions tax and