Document ID: chunk:federal_register_of_legislation:F2017L00729:body:0:p5
Version: federal_register_of_legislation:F2017L00729
Segment Type: other
Provision Reference: 
Character Range: 11877–15189

be completed for each RSE, defined benefit RSE and eligible rollover fund (ERF).

Reporting basis and unit of measurement

Report all items on SRF 610.0 in accordance with the Australian Accounting Standards unless otherwise specified.

Items on SRF 610.0 must be reported as at the end of the reporting period.

Items on SRF 610.0 are to be reported as thousands of dollars or as whole numbers.

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

Specific instructions

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

Member account segmentation

Item 1 to item 4 inclusive collect the types and features of member accounts and the members' benefits associated with those accounts.

Unit of measurement: report column 1 as a whole number; report column 2 as thousands of dollars.

Item 1                                  Report the number of member accounts in column 1.

                                        Report the value of members' benefits in column 2 as the sum of defined contribution members' benefits and defined benefit members' benefits. Do not include unallocated contributions in column 2.

                                        Report active member accounts in item 1.1 column 1 and column 2.

                                        Report inactive member accounts in item 1.2 column 1 and column 2.

                                        Report lost member accounts in item 1.3 column 1 and column 2.

Member account                          Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Defined contribution members' benefits  Represents the present obligation to pay benefits to defined contribution members and beneficiaries. Reference: Australian Accounting Standards.

Defined benefit members' benefits       Represents the present value of expected future benefit payments to defined benefit members and beneficiaries arising from membership, measured using actuarial assumptions and valuations where appropriate. The concept of defined benefit members' benefits aligns with the concept of 'defined benefit member liabilities' as defined in Australian Accounting Standards.

Unallocated contributions               Represents contributions received but not yet allocated to specific member accounts or reserves. Reference: Australian Accounting Standards.

Active member account                   Represents a member account that has received contributions, rollovers, or transfers or has made benefit payments within the last two years and which has not been closed. Excludes: lost member accounts and inactive member accounts.

Inactive member account                 Represents a member account that has not received any contributions, rollovers or transfers, or made any benefit payments within the last two years but which has not been closed as the member is contactable. Includes: members that joined an RSE, as a standard employer-sponsored member, more than two years ago and there have been no contributions or rollover amounts in respect of that member within the past five years. Excludes: lost member accounts and active member accounts.

Lost member account                     Represents the account of a member who