Document ID: chunk:federal_register_of_legislation:F2023L00605:reg:6
Version: federal_register_of_legislation:F2023L00605
Segment Type: reg
Provision Reference: reg 6
Character Range: 25420–27884

6       Insurance Cover Aggregate Amount                              All filers     Whole dollars                                                           Report the aggregate cover of member accounts with insurance cover. For IP Insurance this must be specified as an annual amount.

Reporting Form SRF 251.2

Insurance payments

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 251.2 Insurance payments (SRF 251.2). This form collects information on premium payments made to insurers and the claims management process.

General directions and notes

Reporting level
SRF 251.2 must be completed for each RSE or defined benefit RSE.

Reporting tables
Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has 'Y' in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.

Reporting basis and unit of measurement
Amounts in SRF 251.2 are to be reported as whole dollars.

Items on SRF 251.2 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period. Unless otherwise specified, report information with respect to transactions that occurred during the reporting period.

These instructions specify the reporting basis and unit of measurement that applies to each item.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).

Specific instructions

Table 1: Premiums paid
Report all premiums paid to insurers or rebates received during the reporting period.

Column  Field name                                       Unique identifier  Applicable to  Valid values                                                            Description