Document ID: chunk:federal_register_of_legislation:F2015L01008:body:0:p5
Version: federal_register_of_legislation:F2015L01008
Segment Type: other
Provision Reference: 
Character Range: 11463–15072

Minimum account balance
(1)          (2)          (3)                        (4)
                          Female
                          Male
                          Intersex or Indeterminate
                          Any

Maximum account balance  Minimum contribution rate  Maximum contribution rate  Minimum current salary
(5)                      (6)                        (7)                        (8)

Maximum current salary  Minimum time remaining to retirement  Maximum time remaining to retirement  Other
(9)                     (10)                                  (11)                                  (12)

Reporting Form SRF 700.0

Product Dashboard

Instructions

These instructions assist completion of Reporting Form SRF 700.0 Product Dashboard (SRF 700.0), which comprises part of Reporting Standard SRS 700.0 Product Dashboard (SRS 700.0). SRS 700.0 is the reporting standard that relates to information that will be included in a product dashboard for a MySuper product.[8] Information reported in SRF 700.0 is required for prudential purposes and the purposes of section 348A of the Superannuation Industry (Supervision) Act 1993. Information reported in SRF 700.0 is also required for the purposes of the Australian Securities and Investments Commission.

Reporting level

SRF 700.0 must be completed for each MySuper product. If an RSE licensee has a lifecycle MySuper product, the RSE licensee must provide the information required on SRF 700.0 in respect of each lifecycle stage. Do not complete SRF 700.0 for a lifecycle MySuper product as a whole.

Calculation of product dashboard items

Item on SRF 700.0  Item name                                                                   Reference in Corporations Act and Corporations Regulations

Item 1             Return target                                                               s. 1017BA(2)(a)(i) and r. 7.9.07R

Item 2 column 2    Return                                                                      s. 1017BA(2)(a)(ii), r. 7.9.07S and r. 7.9.07U(2)(a)

Item 2 column 3    Comparison between return target and return - moving average return         s. 1017BA(2)(a)(iii). r. 7.9.07T and r. 7.9.07U(2)(c)

Item 2 column 4    Comparison between return target and return – moving average return target  s. 1017BA(2)(a)(iii), r. 7.9.07T and r. 7.9.07U(2)(b)

Item 3             Level of investment risk                                                    s. 1017BA(2)(a)(iv) and r. 7.9.07V

Item 4             Statement of fees and other costs                                           s. 1017BA(2)(a)(v) and r. 7.9.07W

Reporting basis and unit of measurement

Report all items on SRF 700.0 in accordance with the Australian Accounting Standards unless otherwise specified.

Where an RSE licensee is reporting an accrued amount, valuation of the accrual must be in accordance with the Australian Accounting Standards.

Items on SRF 700.0 must be reported as at the reporting day with respect to the calculation period specified in the instructions for the relevant item.

Items on SRF 700.0 are to be reported as either thousands of dollars, dollars and cents, percentages or whole numbers. Report percentages as whole numbers, to one or two decimal places as specified. For example 10 per cent is to be reported as 10.00 or 10.0, as specified.

Report percentages as percentages of the assets adjusted for cash flows as they occur (i.e. time-weighted), unless otherwise specified. Cash flows include, but are not limited to, contributions, switches, transfers, rollovers or benefit payments.