Document ID: chunk:federal_register_of_legislation:F2015L01006:body:0:p10
Version: federal_register_of_legislation:F2015L01006
Segment Type: other
Provision Reference: 
Character Range: 26465–29708

is not known, report fixed income currency as 'not applicable'.

        An investment is to 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 one or more asset classes; or (b) an investment is in a different category than the combinations of: asset class type, asset domicile type, asset listing type, fixed income type and fixed income currency type.

        Exclude investments from asset class type 'other' investments that are in multi-asset class investment vehicles such as cash management trust, life company capital guaranteed, life company investment linked, 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, asset listing, fixed income and fixed income currency 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. 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, ETC.

Glossary of additional terms

Asset class type

Cash            Represents cash on hand and demand deposits, as well as cash equivalents. Cash equivalents represent short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Reference: Australian Accounting Standards.

Fixed income    Represents a loan, placement or debt security. Loans are financial assets that are created when a creditor lends funds directly to a debtor, and are evidenced by documents that are non negotiable. Placements are liabilities of entities not described as authorised deposit-taking institutions, e.g. State treasuries. Debt securities are securities which represent borrowed funds which must be repaid by the issuer with defined terms including the notional amount (amount borrowed), an identifiable return and maturity/renewal date. Includes: short and long-term debt securities.

Equity          Represents an ownership interest in a business, trust or partnership. Includes: common shares, preference shares and units. Excludes: units in property trusts, units in infrastructure trusts.

Property        Represents an investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.

Infrastructure  Represents the basic physical systems of a country, state or region including transportation, communication, utilities, and public institutions.

Commodities     Represents natural