Document ID: chunk:federal_register_of_legislation:F2017L00726:body:0:p1
Version: federal_register_of_legislation:F2017L00726
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Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2017

Reporting Standard SRS 330.1 Statement of Financial Performance

Financial Sector (Collection of Data) Act 2001

I, Katrina Ellis, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

    (a)          REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2015, including Reporting Standard SRS 330.1 Statement of Financial Performance made under that Determination; and

    (b)          DETERMINE Reporting Standard SRS 330.1 Statement of Financial Performance, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 July 2017.

This instrument commences on the date of registration on the Federal Register of Legislation.

Dated: 21 June 2017

[Signed]

Katrina Ellis
General Manager, Statistics

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard SRS 330.1 Statement of Financial Performance comprises the 12 pages commencing on the following page.

Reporting Standard SRS 330.1

Statement of Financial Performance

Objective of this Reporting Standard
This Reporting Standard sets out the requirements for the provision of information to APRA relating to the operations of a sub-fund, specifically investment, operations, insurance and membership activities.
It includes Form SRF 330.1 Statement of Financial Performance and associated specific instructions.

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

    2.             Information collected in Form SRF 330.1 Statement of Financial Performance (SRF 330.1) is used by APRA for the purposes of prudential supervision and publication.

Application and commencement

    3.             This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each sub-fund within its business operations.[1]

    4.             This Reporting Standard applies for reporting periods ending on or after 1 July 2017.

Information required

    5.             An RSE licensee to which this Reporting Standard applies must provide APRA with the information required by SRF 330.1 in respect of each reporting period.

Forms and method of submission

    6.             The information required by this Reporting Standard must be given to APRA in electronic format using the 'Direct to APRA' application or, where 'Direct to APRA' is not available, by a method notified by APRA, in writing, prior to submission.

    Note: the 'Direct to APRA' application software (also known as 'D2A') may be obtained from APRA.