Document ID: chunk:federal_register_of_legislation:F2015L00807:body:0:p5
Version: federal_register_of_legislation:F2015L00807
Segment Type: other
Provision Reference: 
Character Range: 12159–15844

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Reporting Form SRF 001.0

Profile and Structure (Baseline)

Instructions

These instructions assist completion of Reporting Form SRF 001.0 Profile and Structure (Baseline) (SRF 001.0). SRF 001.0 collects information on the profile and structure of each RSE licensee's business operations. The information reported in SRF 001.0 is required primarily for prudential and publication purposes as well as for the purposes of allocating forms to an RSE licensee in the 'Direct to APRA' application.

Reporting level

SRF 001.0 must be completed for each RSE licensee in respect of each registrable superannuation entity (RSE), defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF), as relevant, within its business operations.

Reporting basis and unit of measurement

Items on SRF 001.0 must be reported as at 30 June 2015 and 30 June of every subsequent year.

An RSE licensee must ensure that the entire SRF 001.0 is completed when submitting new or changed information in Parts C, D or E. A new version of SRF 001.0 must be used for submitting new or changed information.

Items on SRF 001.0 are to be reported as text or dates as DD/MM/YYYY.

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

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

PART A: RSE licensee details

Item 1 to item 3 inclusive collect information about an RSE licensee's ownership structure and governance arrangements.

Unit of measurement: report item 1.1 as text.

Item 1                                           Report the RSE licensee ownership type in item 1.

                                                 The ownership types are: financial services corporation ownership, employer-sponsor (non-public sector) ownership, public sector organisation ownership, nominating organisation ownership, public company ownership or other ownership type.

                                                 If 'other ownership type' is reported in item 1, report the description of the 'other ownership type' in item 1.1.

Financial services corporation ownership         Represents where the owner of the RSE licensee is a financial services corporation, i.e. the owner is a legal entity created for the purpose of producing financial goods and services for the market, that may be a source of profit or other financial gain to its owner(s) and it is collectively owned by shareholders who have the authority to appoint directors responsible for its general management. Excludes: a financial services corporation that is the principal employer-sponsor of all RSEs within the RSE licensee's business operations.

Employer-sponsor (non-public sector) ownership   Represents where the owner of the RSE licensee is the principal employer-sponsor of an RSE within the RSE licensee's business operations. Include: where the RSE licensee is owned by employees of the employer-sponsor. Reference: SIS Act, s. 16(1). Exclude: where the employer-sponsor is a