Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p6
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 20418–24708

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 (domicile type)                                                       Means financial instruments issued in Australia.

                                                                                          Means any individual, enterprise or other organisation ordinarily domiciled in Australia's economic territory.
Australian Resident (counterparty residency status)
                                                                                          Includes: Australian registered branches and incorporated subsidiaries of foreign enterprises.

Authorised deposit-taking institutions (ADIs)                                             Means an authorised deposit-taking institution within the meaning of the Banking Act 1959.

B

Banking Institutions (type of counterparty)                                                         Means financial institutions whose business it is to receive deposits or close substitutes for deposits and to grant credits or invest in securities on their own account, including authorised deposit taking institutions, credit unions and building societies. Money market funds, investment funds and pension funds are excluded from this category.

Base (investment charge type)                                                                       Means that portion of the expense or benefit that is not Performance Linked.

Benchmark                                                                                           Means a quantifiable benchmark return or absolute percentage return upon which the return objective of the investment option is based.

Benchmark allocation (%)                                                                            Means the target proportion of assets which the RSE licensee has adopted as being appropriate in order to meet the investment objectives of the RSE licensee's investment strategy under Prudential Standard SPS 530 Investment Governance (SPS 530).

Benchmark allocation lower (%)                                                                      Means the minimum proportion of assets to be invested in an asset class to meet the investment objectives of the RSE licensee's investment strategy under SPS 530.

Benchmark allocation upper (%)                                                                      Means the maximum proportion of assets to be invested in an asset class to meet the investment objectives of the RSE licensee's investment strategy under SPS 530.

Board and Board Committees (expense type)                                                           Means the expense incurred for Board and Board Committees.

                                                                                                    Includes: Director Remuneration

Brokerage (expense service type)                                                                    Means the expense incurred for the provision of any brokerage services.

Brokerage Fee (activity fee type)                                                                   Means a fee charged for the provision of any brokerage services.

Bundled Life And Income Protection Insurance (insurance cover type)                                 Means insurance cover that is provided under one premium for life insurance and IP insurance.

Bundled Life And Total And Permanent Disability Insurance (insurance cover type)                    Means insurance cover that is provided under one premium for life insurance and TPD insurance.

Bundled Life Total And Permanent Disability And Income Protection Insurance (insurance cover type)  Means insurance cover that is provided under one premium for life insurance, TPD insurance and IP insurance.

Bundled Total And Permanent Disability And Income Protection Insurance (insurance cover type)       Means insurance cover that is provided under one premium for TPD insurance and IP insurance.

Buy Sell Spread (activity fee