Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p5
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 16074–20766

strategy invested in equity securities that uses market movements, trends or inconsistencies when picking securities, and hedges long positions with short sales of equity securities or derivatives.

Alternatives Managed Futures Or Commodity Trading Advisor (asset class characteristic 2)  Means an investment strategy employed by a commodity trading advisor which involves investing in commodity market futures, options and swaps.

Alternatives Multi Strategy (asset class characteristic 2)                                Means a combination of two or more primary alternative investment strategy styles.

Alternatives Other (asset class characteristic 2)                                         Means an alternative investment that does not meet the definition of the other characteristics available.

Alternatives Real Return Multi Asset Strategies (asset class characteristic 2)            Means an investment strategy which invests across a range of traditional and non-traditional asset classes, while maintaining a low correlation to any particular asset class.

Alternatives Risk Arbitrage (asset class characteristic 2)                                Means an investment strategy that involves buying and selling the equity securities of two or more merging corporations to take advantage of discrepancies between acquisition prices and market prices.

Alternatives Volatility Arbitrage (asset class characteristic 2)                          Means an investment strategy that takes advantage of discrepancies in the implied volatility in option pricing.

Annuity (investment option categories)                                                    Has the meaning as in section 10(1) of the SIS Act.

Any Occupation (TPD assessment criteria)                                                  Means that the member insured is considered unable to ever again work in any occupation for which they are reasonably suited by education, training or experience.

APIR code                                                                                 Means the unique identifier issued by APIR Systems Limited (APIR) to products and participants. APIR maintains a free online searchable database of APIR codes, available at https://www.apir.com.au/.

Asset class characteristic 1                                                              Means a level of detail which further describe properties of the asset class classification.

Asset class characteristic 2                                                              Means a second level of detail which further describe properties of the asset class classification.

Asset class characteristic 3                                                              Means a third level of detail which further describe properties of the asset class classification.

Asset class further description                                                           Means a further description of the assets' attributes where applicable, e.g. asset sub-class (small cap, indexed, etc.) and asset domicile (Australia, international, etc.).

                                                                                          Means the asset class of the ultimate investment. The asset class sector types are:

                                                                                                 * Cash;
                                                                                                 * Fixed Income;
                                                                                                 * Equity;
Asset class sector type                                                                          * Property;
                                                                                                 * Infrastructure;
                                                                                                 * Alternatives; and
                                                                                                 * Currency Exposure; And

                                                                                          Not Applicable.

Asset Consultant (expense service type)                                                   Means the expense incurred for the provision of any asset consultant services.

Assets of the RSE that are pledged to secure derivative positions                         Means the market value of cash or assets pledged or lodged with an entity to support derivative positions as collateral.

Associate                                                                                 Has the meaning as in section 12 of the SIS Act.

Australian Domicile