Document ID: chunk:federal_register_of_legislation:F2021L01293:front:0:p1
Version: federal_register_of_legislation:F2021L01293
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Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2021

Reporting Standard SRS 611.0 Member Accounts

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard SRS 611.0 Member Accounts, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on and after the day it is registered on the Federal Register of Legislation.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 15 September 2021

[Signed]

Alison Bliss
General Manager
Data Analytics and Insights Division

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard SRS 611.0 Member Accounts comprises the document commencing on the following page.

Reporting Standard SRS 611.0

Member Accounts

Authority
     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose
2.             Information collected under this Reporting Standard is used by APRA for the purposes of prudential supervision and publication. It may also be used by the Australian Securities and Investments Commission.

Application
3.             This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) in respect of each RSE, defined benefit RSE and eligible rollover fund (ERF) within its business operations[1].

Commencement
4.             This Reporting Standard applies to reporting periods ending on or after 30 June 2021.

Reporting periods
5.             Reporting periods under this Reporting Standard are each calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June each year).

Information required
6.             RSE licensees must provide information required under this Reporting Standard for reporting periods ending on or after 30 June 2021.
7.             An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 6 for the reporting period ending on 30 June 2021, by 30 September 2021.
8.             An RSE licensee to which this Reporting Standard applies must provide information required under paragraph 6 for reporting periods ending on or after 30 September 2021, within 28 calendar days after the end of the relevant reporting period.
Notices
9.             If, having regard to the particular circumstances of an RSE, defined benefit RSE or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the