Document ID: chunk:federal_register_of_legislation:F2015L00819:body:0:p8
Version: federal_register_of_legislation:F2015L00819
Segment Type: other
Provision Reference: 
Character Range: 20572–23309

by the RSE licensee from which members of an RSE can select when determining how their interest is to be invested.

Date of last stress test   Represent the date of the last stress test undertaken with respect to the investment option, where stress test has the meaning given in Prudential Standard SPS 530 Investment Governance.

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.

Default option             Represents an investment option under which the asset (or assets) of the fund attributed to a new member is invested under the current governing rules of the fund if no direction were given.

Pooled superannuation trusts (PSTs)

Item 7 collects PST investors. Item 7 is only to be completed by PSTs.

Unit of measurement: report item 7 column 3 as thousands of dollars.

Item 7     Report each investor in the PST that is an RSE and that is under the trusteeship of the same RSE licensee as the PST.

           Report each investor in the PST that is an RSE and is one of the 10 largest investors (by size of investment in the PST), but is under the trusteeship of a different RSE licensee.

           Report each investor as a separate line in item 7.

           Report name of the investor in column 1.

           Report the ABN of the investor in column 2.

           Report the amount held by the investor in the PST in column 3.

           If the investor is an associate of the PST, report 'yes' in column 4; otherwise, report 'no'.

Associate  Represents an associate within the meaning given in s. 12 of the SIS Act.

Interpretation

For the purposes of these instructions:

     * defined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters (SPS 160);

     * eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;

     * financial product advice has the meaning given in s. 766B of the Corporations Act 2001;

     * MySuper product means a MySuper product within the meaning given in section 10(1) of the SIS Act regardless of whether or not it has a lifecycle investment strategy;

     * pooled superannuation trust (PST) has the meaning given in section 10(1) of the SIS Act;

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[6];

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

     * select investment option means an investment option within an RSE[7]:

       (a)           to