Document ID: chunk:federal_register_of_legislation:F2015L00830:body:0:p7
Version: federal_register_of_legislation:F2015L00830
Segment Type: other
Provision Reference: 
Character Range: 21003–24017

company registered under the Corporations Act 2001 or a business entity carrying on an enterprise in Australia is entitled to an ABN.

Defined benefit interests  Represents a member interest that is a defined benefit interest or a defined benefit pension. Reference: SIS Regulations, r. 1.03AA, r. 9.04E.

Member account             Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Member account with a TFN  Represents a member account for which the RSE has the member's tax file number recorded to identify the member.

Benefit payment            Represents lump sum benefit payments and pension benefits paid directly to members. Excludes: rollovers and successor fund transfers. Reference: SIS Regulations, Divisions 6.2 and 6.3; Superannuation Industry (Unclaimed Money and Lost Members) Act 1999, Part 4A.

Investment strategy of the ORFR reserve

Item 2 collects the investment options underlying the ORFR reserve in each SAF or SMADF.

Unit of measurement: report item 2, column 4 as thousands of dollars.

Item 2                Where the ORFR target amount is met with ORFR trustee capital, leave item 2 blank. Where an ORFR reserve is used to meet the ORFR target amount in part or in full, report details of the investment options that each ORFR reserve held within each SAF or SMADF, is invested into, in item 2.

                      Where an ORFR reserve is invested in one or more investment options, report each investment option as a separate line.

                      Report the RSE ABN of the SAF or SMADF in column 1.

                      Report the unique identifier of the investment option as determined by the RSE licensee in column 2.

                      Report the value of the ORFR reserve in the investment option in column 3.

ORFR target amount    Represents the target amount of financial resources to address the operational risks of each RSE within the RSE licensee's business operations. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

ORFR trustee capital  Represents trustee capital held by the RSE licensee for the purposes of meeting the operational risk financial requirement. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

ORFR reserve          Represents the reserve held within an RSE within the RSE licensee's business operations for the purposes of meeting the operational risk financial requirement. An ORFR reserve must be separately identifiable from member accounts and reserves held in the RSE for other purposes. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement (2012).

Details of services

Item 3 and item 4 collect all services undertaken with respect to all SAFs and SMADFs within the RSE licensee's business operations by type of service provider. Item 3 collects all services where the service is undertaken by the RSE licensee itself and item 4 collects all services where the service is