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Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2015

Reporting Standard SRS 700.0 Product Dashboard

Financial Sector (Collection of Data) Act 2001

I, Charles Littrell, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

    (a) REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 98 of 2013, including Reporting Standard SRS 700.0 Product Dashboard made under that Determination; and

    (b) DETERMINE Reporting Standard SRS 700.0 Product Dashboard, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 30 June 2015.

This instrument commences on the date of registration on the Federal Register of Legislative Instruments.

Dated: 24 June 2015

[Signed]

Charles Littrell
Executive General Manager
Policy, Statistics and International Division

Interpretation
In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given in section 5 of the Act.

Schedule

Reporting Standard SRS 700.0 Product Dashboard comprises the 17 pages commencing on the following page.

Reporting Standard SRS 700.0

Product Dashboard

Objective of this Reporting Standard
This Reporting Standard sets out the requirements for the provision of information to APRA relating to the product dashboard of each MySuper product.
It includes Form SRF 700.0 Product Dashboard and associated specific instructions.

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

    2.             This Reporting Standard relates to information that will be included in a product dashboard for a MySuper product.[1]

    3.             Information collected in Form SRF 700.0 Product Dashboard (SRF 700.0) is used by APRA for the purposes of prudential supervision and section 348A of the Superannuation Industry (Supervision) Act 1993 (SIS Act). Information collected in SRF 700.0 is also required for the purposes of the Australian Securities and Investments Commission.

Application and commencement

    4.             This Reporting Standard applies to each registrable superannuation entity (RSE) licensee (RSE licensee) that is authorised to offer a MySuper product with respect to each MySuper product within its business operations.[2] If an RSE licensee has a lifecycle MySuper product, the RSE licensee must provide the information required by this Reporting Standard in respect of each lifecycle stage of that product, but is not required to report information that would otherwise be required to be reported in respect of the lifecycle MySuper product as a whole.[3]

    5.             This Reporting Standard applies on and