Document ID: chunk:federal_register_of_legislation:F2017L00726:body:0:p9
Version: federal_register_of_legislation:F2017L00726
Segment Type: other
Provision Reference: 
Character Range: 22855–25682

in item 14 as the net of members' benefits flows in, in item 1 and members' benefits flows out in item 2, plus profit/loss after income tax in item 11 and transfers into reserves affecting net assets available to pay members' benefits in item 12 minus transfers out of reserves affecting net assets available to pay members' benefits in item 13.

Net assets available to pay members' benefits  Represents the surplus of total assets less total liabilities which is underlying the value of members' benefits. Includes: reserves.

Interpretation

For the purposes of these instructions:

     * exempt public sector superannuation scheme (EPSSS) has the meaning given in section 10(1) of the SIS Act and is a public sector scheme nominated by its respective Commonwealth, state or territory government to be exempt from the SIS Act;

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a small APRA fund (SAF) or single member approved deposit fund (SMADF)[5];

     * RSE licensee has the meaning given in section 10(1) of the SIS Act;

     * SIS Act means Superannuation Industry (Supervision) Act 1993;

     * SIS Regulations means Superannuation Industry (Supervision) Regulations 1994; and

     * SPS 160 means Prudential Standard SPS 160 Defined Benefit Matters; and

     * sub-fund means a defined benefit sub-fund within the meaning given in SPS 160.

    [1]  For the purposes of this Reporting Standard, an 'RSE licensee's business operations' includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee. For the avoidance of doubt, if the RSE licensee has more than one sub-fund within its business operations, the RSE licensee must separately provide the information required by the form for each sub-fund within its business operations. An RSE licensee that does not have any sub-funds within its business operations is not required to provide information under this Reporting Standard.
    [2]  Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
    [3]  Refer to Prudential Standard SPS 510 Governance.
    [4]  For the purposes of this Reporting Standard, 'SAF' means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and 'SMADF' means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.
    [5]  For the purposes of this Reporting Standard, 'SAF' means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than