Document ID: chunk:federal_register_of_legislation:F2015L01011:body:0:p8
Version: federal_register_of_legislation:F2015L01011
Segment Type: other
Provision Reference: 
Character Range: 21001–24100

investment must be reported as asset class type 'other' for reasons including, but not limited to, (a) an RSE licensee does not have sufficient information about an investment to classify it into the specified asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type and asset listing type.

        Exclude from asset class type 'other' an investment in a multi-asset class investment vehicle including, but not limited to: cash management trust, life company guaranteed, life company investment linked, life company other, listed retail trust, pooled superannuation trust, unlisted retail trust and wholesale trust. Investments in these investment vehicles must be allocated to each asset class, asset domicile and asset listing type represented in the underlying investment.

        Examples of other investments include: hedge funds, mezzanine debt, convertible debt.

        Examples of listed equity investments include: common shares, preference shares. Exchange traded funds (ETFs) and listed trusts are to be allocated to the asset class of the underlying asset. Include equity ETFs, and listed equity trusts in listed equity. Exclude non-equity ETFs and listed trusts such as: fixed income ETFs, commodity ETFs, listed property trusts and listed infrastructure trusts.

        Examples of unlisted equity investments include: venture capital, private equity.

        Examples of commodities include: precious metals, agricultural natural resources, energy, livestock, commodity ETFs, exchange traded commodities (ETCs).

Currency hedged  Represents where derivative financial instruments are used to reduce the risk of adverse currency movements.

Indirectly held investments

Item 3 collects the asset class, asset domicile and asset listing type for indirectly held investments.

Reporting basis: report item 3 as at the end of the reporting period.

Unit of measurement: report column 4 and column 6 in thousands of dollars; report column 5 as a percentage.

APRA-look through: report item 3 on an APRA-look through basis, with reference to the investments underlying an investment vehicle. Investments in investment vehicles must be allocated to each combination of asset class type, asset domicile type and asset listing type represented in the underlying investments.

For example, for international equities and Australian fixed income held in the same Australian trust, report the asset class as 'equities' and the asset domicile type as 'international' for the international equities, and report the asset class as 'fixed income' and the asset domicile type as 'Australia domicile' for the Australian fixed income investment.

When reporting the relevant asset class of investments on a look through basis, an RSE licensee must seek information about the actual holdings of the first non-connected entity and identify the asset class(es) of these holdings. For example, the cash position in an equity portfolio must be reported as cash.

As look through reporting is not required for hedge fund