Document ID: chunk:federal_register_of_legislation:F2015L00807:body:0:p9
Version: federal_register_of_legislation:F2015L00807
Segment Type: other
Provision Reference: 
Character Range: 23563–26441

MySuper investment option means:

    (a)          for a MySuper product that does not fall within paragraph (b) – the investment option underlying that investment strategy; and

    (b)          for a MySuper product with a lifecycle investment strategy under section 29TC(2) of the Superannuation Industry (Supervision) Act 1993 (SIS Act) – the investment option underlying each lifecycle strategy stage of that MySuper product.

An RSE licensee must ensure that information about each new MySuper product or lifecycle stage is reported to APRA within 28 days of the authorisation date for the MySuper product or when a new lifecycle stage is created.

Where the MySuper product does not have lifecycle stages, the MySuper product name will be used for publication purposes by APRA. Where a MySuper product contains lifecycle stages, the lifecycle stage name is the name that will be used for publication purposes by APRA.

As the unique identifier of a lifecycle stage is used to maintain APRA records where a lifecycle stage's name has changed, the unique identifier must not change even if the name of the lifecycle stage has changed.

Where information about an existing MySuper product or lifecycle stage is changed, including, for example, where the name of the product or lifecycle stage is changed, or the product or lifecycle stage ceases to be offered, an RSE licensee must ensure that updated information is reported in item 6 column 7 and item 6 column 8 (where appropriate) within 28 days of the change taking effect or the product or lifecycle stage ceasing to be offered. 'Ceased' refers to the situation where the product or lifecycle stage is no longer offered to members and the value of assets in that product or lifecycle stage is nil.

Unit of measurement: report dates in item 6 columns 6 and 8 as DD/MM/YYYY.

Item 6                         Report each lifecycle stage as a separate line in item 6.

                               Report the ABN of the RSE in column 1.

                               Report the MySuper identifier as issued by APRA, for the MySuper product that the lifecycle stage relates to in column 2.

                               Report the name of the MySuper product to which the lifecycle stage relates in column 3.

                               Report the unique identifier of the lifecycle stage, as determined by the RSE licensee, in column 4. The unique identifier must comprise no more than 12 alpha-numeric characters (with no special characters). For a MySuper product that has a single diversified investment strategy, column 4 is to be left blank. The unique identifier for each lifecycle stage cannot be the same as any other lifecycle stage identifier determined by the RSE licensee. The unique identifier for each lifecycle stage cannot change as long as the lifecycle stage exists and must be reported