Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p42
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 174615–179176

Single Manager investment options are constructed through the engagement of a single investment manager.
Single Manager -other listed (investment option type)  Means a listed Single Manager investment option that is not an Exchange Traded Product or Listed Investment Company
Single Manager - unlisted (investment option type)     Means an unlisted Single Manager investment option
Single policy                                          Means one superannuation insurance policy.
Single Policy (insurance reporting level)              Means that the insurance cluster contains a single policy.
Single Sector (investment option categories)           Single Sector investments are held in more than one distinct security, all belonging to a single asset sector.
SIS Act                                                Means the Superannuation Industry (Supervision) Act 1993.
SIS Regulations                                        Means the Superannuation Industry (Supervision) Regulations 1994.
Smoker (smoker status)                                 Means that the member is a smoker according to rules established by the RSE licensee and life insurance company.
Smoker status                                          The member's status in relation to smoking. Possible values are:
                                                           * Smoker;
                                                           * Non Smoker; and
                                                           * Aggregate.
Sponsorship (expense type)                             Means the expense incurred for the provision of any sponsorship.
SPS 515 materiality                                    Means a significant payment from the assets of an RSE, defined benefit RSE, ERF or RSE licensee, including payments to and from reserves, not otherwise allocated to members' accounts where 'significant' relates to the size or extraordinary nature of the expenditure.
Staff wages (engagement type)                          Means payment of wages to staff employed by the RSE licensee excluding executive remuneration.

Standard (fees and costs arrangement type)             Means the fees and costs as disclosed to members in documentation such as the relevant product disclosure statement where no custom fee and cost applies.

                                                       There is only one standard fee arrangement as this concept reflects the absence of any custom fee arrangement.

Standardised Employer (access type)                    Means superannuation products that can only be accessed by members through their employer (this may include a spouse or child of employee).
Start date                                             Means the effective date the return objective was approved by the RSE licensee.
Strategic asset allocation                             Means the  asset allocation targets and asset allocation ranges determined by the RSE licensee for each investment strategy as required under SPS 530 paragraph 21.

                                                       Includes: target asset allocation and asset allocation ranges determined in respect of dynamic asset allocation, target return approach etc.

Strategic sector                                       Means asset class for which an initial target asset allocation and/or asset allocation ranges are set as part of the board approved strategic asset allocation. The strategic sectors are:

                                                              * Cash;
                                                              * Fixed Income;
                                                              * Fixed Income Excluding Credit;
                                                              * Credit;
                                                              * Equity;
                                                              * Property;
                                                              * Infrastructure;
                                                              * Alternatives;
                                                              * Growth Alternatives;
                                                              * Defensive Alternatives;
                                                              * Currency Exposure; and
                                                              * Not Applicable.
Strategic subsector                                    Means the segment of a strategic sector asset class to which an asset allocation target