Document ID: chunk:federal_register_of_legislation:F2017L00729:body:0:p9
Version: federal_register_of_legislation:F2017L00729
Segment Type: other
Provision Reference: 
Character Range: 23002–26070

74, 75 to 84, 85+ and age not available.

                                  The pension benefit types are: account based pension, transition to retirement pension, allocated pension, annuity or other pension benefit.

                                  Report the value of members' benefits in column 6 as the sum of defined contribution members' benefits and defined benefit members' benefits. Do not include unallocated contributions. Report the value of members' benefits as at the end of the reporting period for member accounts from which pension benefit payments are drawn in column 6.

                                  Report liabilities which cannot be allocated to specific members as 'age not available' in item 6. In this case, enter zero in column 4 and the liability value in column 6.

Pension benefit                   Represents benefit payments that have been paid as a pension under a condition of release. Includes: account based pension, transition to retirement pension, allocated pensions, annuity payments and other pension income streams. Excludes: transfers, including rollovers and successor fund transfers, within the superannuation system. Reference: SIS Regulations, Divisions 6.2 and 6.3.

Account based pension             Represents an account based pension within the meaning given in r. 1.03 of the SIS Regulations.

Transition to retirement pension  Represents a transition to retirement income stream within the meaning given in r. 6.01 of the SIS Regulations.

Allocated pension                 Represents an allocated pension within the meaning given in r. 1.03 of the SIS Regulations.

Annuity                           Represents an annuity within the meaning given in r. 1.05 of the SIS Regulations.

Number of members

Item 7 collects the number of members.

Unit of measurement: report item 7 as a whole number.

Item 7  Report the number of members which hold member accounts in item 7.

        Example of number of members: As at the end of the reporting period, there are ten member accounts, two of these member accounts are held by the same member. Report nine members in item 7.

Member  Represents a natural person who has at least one member account.

Interpretation

For the purposes of these instructions:

     * defined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;

     * eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;

     * ITAA means Income Tax Assessment Act 1997;

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, pooled superannuation trust, ERF, small APRA fund or single member approved deposit fund[5];

     * RSE licensee has the meaning given in section 10(1) of the SIS Act;

     * SIS Act means Superannuation Industry (Supervision) Act 1993; and

     * SIS Regulations means Superannuation Industry (Supervision) Regulations 1994.

    [1]  For the purposes of