Document ID: chunk:federal_register_of_legislation:F2013L00981:body:0:p5
Version: federal_register_of_legislation:F2013L00981
Segment Type: other
Provision Reference: 
Character Range: 11570–14481

(ORFR) of an RSE licensee including reserves held to meet the ORFR and investments of the ORFR reserve. Information reported in SRF 114.1 is required primarily for prudential and publication purposes.

Reporting level

SRF 114.1 must be completed for each registrable superannuation entity (RSE), defined benefit RSE, pooled superannuation trust (PST) and eligible rollover fund (ERF).

Reporting basis and unit of measurement

Report all items on SRF 114.1 in accordance with the Australian Accounting Standards unless otherwise specified.

Items on SRF 114.1 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period.

Items on SRF 114.1 are to be reported as thousands of dollars and dates. Report dates as DD/MM/YYYY.

These instructions specify the reporting basis and unit of measurement that applies to each item.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

ORFR basis

Item 1 collects information about how the financial resources to meet the RSE licensee's ORFR are held within the RSE, namely whether it is held as trustee capital, a reserve or a combination of trustee capital and a reserve.

Item 1                Report how the financial resources to meet the RSE licensee's ORFR are held, with respect to the RSE, in item 1 as ORFR trustee capital, ORFR reserve or a combination of ORFR trustee capital and ORFR reserve.

                      If ORFR trustee capital is reported in item 1, leave item 5 to item 7 inclusive blank.

ORFR trustee capital  Represents trustee capital held by the RSE licensee for the purposes of meeting the operational risk financial requirement. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

ORFR reserve          Represents the reserve held within an RSE within the RSE licensee's business operations for the purposes of meeting the operational risk financial requirement. An ORFR reserve must be separately identifiable from member accounts and reserves held in the RSE for other purposes. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Details of the ORFR attributed to the RSE

Item 2 to item 4 inclusive collect information on certain features of the ORFR attributed to the RSE, including the ORFR target amount, the ORFR reserves held, the ORFR trustee capital held and how these amounts are attributed within the RSE.

Reporting basis: report item 2 to item 4 inclusive as at the end of the reporting period.

Unit of measurement: report item 2 to item 4 inclusive in thousands of dollars.

Item 2              Report the ORFR target amount that is attributed to the RSE in item 2.

                    Report the ORFR target amount that is: attributed to the RSE in column 1; attributed to MySuper products within the RSE