Document ID: chunk:federal_register_of_legislation:F2015L00824:body:0:p7
Version: federal_register_of_legislation:F2015L00824
Segment Type: other
Provision Reference: 
Character Range: 17464–20541

member account segmentation

Item 5 collects member accounts and members' benefits by the categories of member age bracket, gender and members' benefit bracket.

Reporting basis: report item 5 as at the end of the reporting period.

Unit of measurement: report column 4 as a whole number; report column 5 as thousands of dollars.

Item 5                             Report each combination of age bracket, gender and members' benefit bracket as a separate line. There is a maximum of 384 combinations possible.

                                   For each combination of age bracket, gender and members' benefit bracket, report: age bracket in column 1, gender in column 2, members' benefit bracket in column 3, the number of member accounts in column 4 and the value of members' benefits in column 5.

                                   The age brackets are: <25, 25 to 34, 35 to 44, 45 to 49, 50 to 54, 55 to 59, 60 to 64, 65 to 69, 70 to 74, 75 to 84, 85+ and age not available.

                                   The MySuper member benefit brackets are: <1000, 1000 to 24,999, 25,000 to 49,000, 50,000 to 99,999, 100,000 to 199,999, 200,000 to 499,999, 500,000 to 999,999 and 1,000,000+.

                                   Report the total value of defined contribution members' benefits in column 5. Do not include defined benefit members' benefits or unallocated contributions.

                                   Report liabilities which cannot be allocated to specific members as 'age not available' in item 5. In this case, enter zero in column 4 and the liability value in column 5.

Age bracket                        Represents a segmentation of data based on the age of the member in years.

MySuper members' benefit bracket   Represents a segmentation of data based on the liability for member benefits owing to defined contribution members. Excludes: defined benefits members' benefits and unallocated contributions.

Age not available                  Represents where the date of birth of a member is not known.

Members without insurance

Item 6 collects member accounts that do not have insurance cover.

Reporting basis: report item 6 as at the end of the reporting period.

Unit of measurement: report column 2 and column 3 as a whole number.

Item 6                                    Report the insurance type in column 1. Report the number of member accounts in column 2 and column 3.

                                          For each insurance type in column 1, report the number of member accounts in column 2 that do not have insurance cover and the portion that do not have insurance cover because of member opt-out in column 3.

                                          The insurance types are: life insurance, total and permanent disability and income protection.

Life insurance                            Represents a benefit, in respect of each member, that is payable only in the event of the death of the member and which is provided by taking out insurance. Includes: life insurance policies offered through superannuation only