Document ID: chunk:federal_register_of_legislation:F2015L00807:body:0:p7
Version: federal_register_of_legislation:F2015L00807
Segment Type: other
Provision Reference: 
Character Range: 18460–21288

RSE or ERF as: government base, corporate base, industry base or general base in item 4 column 2. Where an RSE's membership base might be classified as more than one type of membership base, apply the hierarchy outlined in Attachment A to these instructions when completing item 4.

ABN               Represents a unique public identifier issued to an entity registered in the Australian Business Register to be used in dealings with government. A company registered under the Corporations Act 2001 or a business entity carrying on an enterprise in Australia is entitled to an ABN.

Membership base   Represents the classification of the predominant base of members within the RSE. Predominant base means more than half of the overall fund membership.

Government base   Represents where members join the fund as a result of working for a government organisation, including quasi-corporations controlled by the general government sector. A government organisation is a legal entity established by political processes that have legislative, judicial or executive authority over other institutional units in a given area; are financed mainly from taxation or government transfers; and are principally involved in the provision of goods and services free of charge or at economically insignificant prices.

Corporate base  Represents where members join the RSE as a result of working for a single employer-sponsor, or an associate of the employer-sponsor, of the RSE. Reference: SIS Act, s. 16(1).

Industry base   Represents where members join the RSE as a result of working in a particular industry sector.

General base    Represents where the predominant base of members of the RSE cannot otherwise be categorised as government base, corporate base and industry base.

PART C: Defined benefit funds

Item 5 collects information about each defined benefit fund and each defined benefit sub-fund within an RSE licensee's business operations. Do not report item 5 in respect of a PST.

An RSE licensee must ensure that information about each new defined benefit RSE or sub-fund is reported to APRA within 28 days of the effective date of that RSE or sub-fund.

As the unique identifier of a defined benefit sub-fund is used to maintain APRA records where a defined benefit sub-fund's name has changed, the unique identifier must not change even if the name of the defined benefit sub-fund has changed.

Where information about an existing defined benefit RSE or defined benefit sub-fund is changed, or the RSE or sub-fund ceases to operate, an RSE licensee must ensure that updated information is reported in item 5 column 6 and item 5 column 7 within 28 days of the change taking effect or the RSE or sub-fund ceasing to operate. 'Ceased' refers to the situation where the RSE or sub-fund is no longer offered to members