Document ID: chunk:federal_register_of_legislation:F2017L00725:body:0:p8
Version: federal_register_of_legislation:F2017L00725
Segment Type: other
Provision Reference: 
Character Range: 21065–24538

2.

                                             Where 'operational risk financial requirement trustee capital surplus distributed to member accounts' will be reported in item 10.1 of Reporting Form SRF 114.0 Operational Risk Financial Requirement for the annual reporting period, report the amount that relates to this RSE, defined benefit RSE, PST or ERF in item 1.11.1.

                                             Report total members' benefits flows into the RSE in item 1.12.

Employer contribution                        Represents contributions made by an employer on behalf of the member. Includes: employer contributions made to an accumulation account on behalf of members to meet super guarantee, award or other obligations, contributions paid as a result of a salary sacrifice arrangement, transfers from consolidated revenue funds for EPSSSs and constitutionally protected funds, and super guarantee charge and the taxable component of any super holding accounts special account amounts which the ATO transferred to the provider on behalf of the member. Reference: Member Contribution Statement.

Super guarantee contribution                 Represents contributions made by an employer to the RSE to meet its obligations under the SGAA. Includes: defined contribution employers' contributions. Excludes: defined benefit contributions. Reference: SIS Regulations, r. 1.03.

Salary sacrifice contribution                Represents contributions via an arrangement under which an employee agrees to forego part of his or her total remuneration that he or she would otherwise expect to receive as salary or wages, in return for the employer, or an associate of the employer, providing contribution benefits of a similar value. Reference: Taxation Ruling 2001/10, paragraph 19.

Member contribution                          Represents contributions made by a member including non excluded capital gains or capital proceeds and personal injury payments, direct termination payments, other third party contributions (low income super tax offsets, government co-contributions and other family and friend contributions) and other contributions made by a person other than the employer. Reference: Member Contribution Statement.

Personal contribution                        Represents contributions made by a member as defined in the Member Contribution Statement, Includes: contributions which have counted toward the non-concessional and concessional contributions cap, non excluded capital gains or capital proceeds and personal injury payments, direct termination payments and contributions from another entity on the members behalf, CGT personal injury exclusions, DTPs (made by a member to an account in their own name including both deducted and non-deducted member contributions).

Government co-contribution                   Represents contributions made by the Federal Government to the RSE under the Superannuation (Government Co-Contribution for Low Income Earners) Act 2003.

Low income super tax offset                  Represents low income superannuation tax offsets paid to the RSE for an individual member. Reference: Superannuation (Government Co-contribution for Low Income Earners) Act 2003, Part 2A.

KiwiSaver scheme                             Represents a KiwiSaver scheme as given within the meaning in the KiwiSaver Act 2006.

Defined benefit contribution                 Represents contributions made in respect of a member interest that