Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p11
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 42009–46435

at https://www.iso.org/iso-4217-currency-codes.html.

Currency Exposure (strategic sector) / (asset class sector type)                               Means the non-AUD denominated assets held in the portfolio.

Currency hedged (%)                                                                            Means where derivative financial instruments are used to reduce the risk of adverse currency movements.

Currency hedging ratio (%)                                                                     Means the target level of currency hedging (i.e. where derivative financial instruments are used to reduce the risk of adverse currency movements), which the RSE licensee has adopted as being appropriate to meet the investment objectives of the investment strategy.

Current level of cover                                                                         Current level of cover describes the level of cover the member has at the reporting date. The possible values are:

                                                                                                   * No Cover;
                                                                                                   * Less Cover Than Default;
                                                                                                   * Default Level Of Cover;
                                                                                                   * More Cover Than Default No Underwriting; and
                                                                                                   * More Cover Than Default With Underwriting.
Custody (expense service type)                                                                 Means the expense incurred for the provision of any custody services.

Custom (fees and costs arrangement type)                                                       Means a fees and costs arrangement that is not offered to the general membership of the fund, for example a discount arrangement for a large employer.

Custom features                                                                                A description of the product features or services that are offered in an alternative manner to members in conjunction with a custom fees and costs arrangement.

D

Date of change                                                                 Means the date an RSE licensee makes a change to reported information in respect of an RSE, defined benefit RSE, PST or ERF.

Declined (claim assessment)                                                    Means where a claim is denied with no benefit paid.

Debt security                                                                  Means a security which represents borrowed funds which must be repaid by the issuer with defined terms including the notional amount (amount borrowed), an identifiable return and maturity/renewal date. Includes: short and long-term debt securities.

Default cover offered                                                          Means where an individual member is offered insurance cover as a result of the member:

                                                                                   * becoming a member of an RSE;
                                                                                   * obtaining a product from that RSE;
                                                                                   * attaining a particular age; and/or
                                                                                   * another mechanism specified by the RSE or insurer documentation that does not require member interaction.
Default Level Of Cover (current level of cover)                                Means the amount of cover of a specific insurance cover offered that an individual member would have under an insurance policy included in an insurance cluster as at the reporting date had they made no elections relating to their insurance. This amount may be affected by the member's age, gender, occupation category or other factors as determined by the RSE licensee in conjunction with the insurer.

Default level of cover (dollar amount)                                         Means the dollar amount of cover of a specific insurance cover offered that an individual member would have under an insurance policy included in an insurance cluster as at the