Document ID: chunk:federal_register_of_legislation:F2015L00813:body:0:p6
Version: federal_register_of_legislation:F2015L00813
Segment Type: other
Provision Reference: 
Character Range: 14111–15832

for members' benefits reported in item 5.

                               Report a surplus as a positive number, and a deficit as a negative number.

Surplus/deficit in net assets  Represents the excess/deficiency in net assets available for members' benefits against total liability for members' benefits. Excludes: reserves, unallocated contributions. Reference: Australian Accounting Standards.

Interpretation

For the purposes of these instructions:

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act;

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

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

     * sub-fund means a defined benefit sub-fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters.

    [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.