Document ID: chunk:federal_register_of_legislation:F2015L00809:body:0:p9
Version: federal_register_of_legislation:F2015L00809
Segment Type: other
Provision Reference: 
Character Range: 23474–26511

RSE actuary advised that the financial position type of the defined benefit sub-fund was satisfactory financial position. Report satisfactory financial position in item 5.4; report on one line in item 5.5, unsatisfactory financial position in column 1 and 30/10/2013 in column 2; report on another line in item 5.5, satisfactory financial position in column 1 and 28/02/2014 in column 2.

Funding and solvency certificate   Represents the funding and solvency certificate within the meaning given in SIS Regulations, r. 9.11.

Notifiable event                   Represents a notifiable event within the meaning given in SIS Regulations, r. 9.06(1).

Satisfactory financial position    Represents a satisfactory financial position within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters.

Unsatisfactory financial position  Represents an unsatisfactory financial position within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters.

Technically insolvent              Represents technical insolvency within the meaning given in SIS Regulations, r. 9.06(3).

Benefit certificate                Represents the benefit certificate that has been obtained from an actuary. Reference: SGA Act, s. 10.

Detailed member segmentation

Item 6 categorises the membership and vested benefits of the sub-fund by age bracket. For a defined benefit RSE or SAF, leave item 6 blank.

Reporting basis: report item 6 as at the end of the reporting period.

Unit of measurement: report item 6 column 2 as a whole number; report item 6 column 3 in thousands of dollars.

Item 6                                  Report item 6 for each sub-fund. For a defined benefit RSE or SAF, leave item 6 blank. This information is reported on Reporting Form SRF 610.0 Membership Profile for each defined benefit RSE and is not required for SAFs.

                                        Report each age bracket for which there exist member accounts as a separate line in column 1. The age brackets are: <25, 25 to 34, 35 to 44, 45 to 49, 50 to 54, 55 to 59, 60 to 64, 65 to 69, 70 to 74, 75 to 84, 85+ and age not available.

                                        For each age bracket, report the number of member accounts of both defined benefit members and members who are not defined benefit members in column 2. Where each member has only one member account, the number of member accounts would equal the number of members.

                                        For each age bracket, report the value of members' benefits in column 3 as the sum of defined contribution members' benefits and defined benefit members' benefits. Do not include unallocated contributions. Report members' benefits in column 3 of both defined benefit members and members who are not defined benefit members.

                                        Report liabilities which cannot practically be allocated to specific members as 'age not available' in item 6. In this case, enter zero in column 2 and the liability value in column 3.