Document ID: chunk:federal_register_of_legislation:F2015L00810:body:0:p8
Version: federal_register_of_legislation:F2015L00810
Segment Type: other
Provision Reference: 
Character Range: 22032–24938

a technical insolvency program as prescribed in the SIS Regulations. Reference: SIS Regulations, r. 9.19(4).

Defined contribution members' benefits                              Represents the present obligation to pay benefits to defined contribution members and beneficiaries. Reference: Australian Accounting Standards.

Defined benefit members' benefits                                   Represents the present value of expected future benefit payments to defined benefit members and beneficiaries arising from membership, measured using actuarial assumptions and valuations where appropriate. The concept of defined benefit members' benefits aligns with the concept of 'defined benefit member liabilities' as defined in Australian Accounting Standards.

Reserves

Item 4 collects reserves of the defined benefit sub-fund, as appropriate. For a defined benefit RSE, leave item 4 blank.

Reporting basis: report item 4 column 6 as at the end of the reporting period; report item 4 column 2 to column 5 inclusive with respect to transactions that occurred during the reporting period.

Unit of measurement: report item 4 column 2 to column 6 inclusive in thousands of dollars.

Item 4                   Report the type of reserve as ORFR reserve, investment reserve, self-insurance reserve, administration reserve or other reserve in item 4.1 column 1.

                         For each type of reserve reported in item 4.1 column 1, report transfer into reserve in column 2, the portion of transfer into reserve that is earnings on reserve in column 3, transfer out of reserve in column 4, the portion of transfer out of reserve that is loss on reserve in column 5 and closing balance as equal to value held in the reserve at the end of the reporting period in column 6. Report details of other reserves on separate lines in item 4.1.1. Report the description of the reserve in column 1, transfer into reserve in column 2, the portion of transfer into reserve that is earnings on reserve in column 3, transfer out of reserve in column 4, the portion of transfer out of reserve that is loss on reserve in column 5 and closing balance as equal to the total value held in the reserve at the end of the reporting period in column 6.

                         Item 4.2 is a derived item. Report the sum of the closing balance of all reserves reported in item 4.1 column 6 in item 4.2.

                         Report transfer into reserve in column 1 and transfer out of reserve in column 2 as a positive. Report transfer into reserve in column 2 gross of transfer out of reserve reported in column 3. Report transfer out of reserve in column 3 gross of transfer into reserve reported in column 2.

                         Report earnings on reserve in column 3 and loss on reserve in column 5 as a positive number.

ORFR reserve             Represents the reserve held within an RSE within the RSE