Document ID: chunk:federal_register_of_legislation:F2015L00815:body:0:p6
Version: federal_register_of_legislation:F2015L00815
Segment Type: other
Provision Reference: 
Character Range: 16649–19497

provided at the end of these instructions.

Where the relevant organisation does not have an ABN, leave the ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.

Notifying APRA of new outsourcing agreements and updated information

SPS 231 requires an RSE licensee to notify APRA when outsourcing agreements have been entered into, ceased or changed. This notification requirement applies to all outsourcing of material business activities.

SRF 331.0 requires reporting of information on outsourcing agreements reported as at the end of the reporting period and therefore cannot be used for the purpose of notifying APRA about new outsourcing agreements, ceased arrangements or changed arrangements, as required under SPS 231.

Details of services – RSE licensee as service provider

Item 1 collects all services undertaken with respect to an RSE where the service is provided by the RSE licensee itself through internal arrangements, such as where employees of the RSE licensee provide the service. Services provided by associates or other connected entities of the RSE licensee are considered to be external service providers and must be reported under item 2 of SRF 331.0.

Reporting basis: report column 3 with respect to transactions that occurred during the reporting period; report column 4 as at the end of the reporting period.

Unit of measurement: report column 3 as thousands of dollars; report column 4 as percentage to zero decimal places.

Item 1  Report the service provided by the RSE licensee for each role by role type in item 1.1. Report the role performed by the RSE licensee in column 1. The types of roles are: accountant, administrator, asset consultant, custodian, financial advisor: employer, financial advisor: member, implemented consultant, professional indemnity insurer, internal auditor, investment manager, IT service provider, lawyer, platform provider, promoter, RSE actuary and RSE auditor.

        If the role performed by the RSE licensee is not listed in column 1 of item 1.1, report the service provided by the RSE licensee in item 1.2. Report the description of the other role in column 1 of item 1.2.

        For item 1.1 and item 1.2, where the RSE licensee has been appointed as a new service provider during the reporting period, report 'new service provider' and where there is no longer an agreement with the RSE licensee at the end of the reporting period, report 'no longer a service provider' in column 2. Report 'existing' if the RSE licensee has not otherwise changed during the reporting period.

        For item 1.1 and item 1.2, report the expense of the service performed during the reporting period in column 3. Where an explicit breakdown of expense is not available, report the expense apportioned by role type on a basis that the RSE licensee