Document ID: chunk:federal_register_of_legislation:F2015L01984:body:0:p12
Version: federal_register_of_legislation:F2015L01984
Segment Type: other
Provision Reference: 
Character Range: 35310–38105

process for each indirectly-held investment with a connected investment vehicle which has an underlying investment that represents at least one per cent of the total investments of the RSE.

Figure 1: Illustration of APRA-look through basis

The diagram below provides an illustration of APRA-look through basis reporting to assist with reporting in item 3. The diagram portrays the RSE investing in Investment Vehicle A which is connected to the RSE licensee/RSE.  Investment Vehicle A invests some or all of the RSE's investment with Investment Vehicle B which is also connected to the RSE licensee/RSE. Investment Vehicle B invests some or all of the RSE's investment with Investment Vehicle C which is not connected to the RSE licensee/RSE. The investment in Investment Vehicle A, Investment Vehicle B and Investment Vehicle C must be reported in item 3. Further reporting regarding the investments underlying Investment Vehicle C is not required.

Unit of measurement: report item 3 column 3 as a whole number and item 3 column 7 as thousands of dollars.

APRA-look through basis: report item 3 on an APRA-look through basis.

Item 3                Where the investment by Investment Vehicle A (A) in Investment Vehicle B (B) represents at least one per cent of the total investments of the RSE, report A as the indirectly-held investment in item 3 and B as the underlying investment in item 3, in the same row.

                      Report the name of A in column 1, the ABN of A in column 2 and the number of interposed associates between the RSE and A in column 3.

                      Report the name of B in column 4, the ABN of B in column 5, the investment vehicle type of B in column 6, the value of the investment in B in column 7.

                      If B invests in other investment vehicles, report 'yes' in item 3 column 8; otherwise, report 'no'.

                      If B is connected to the RSE licensee or RSE, report 'yes' in item 3 column 9; otherwise, report 'no'.

                      As 'yes' is reported in item 3 column 8 and column 9 where the investment by B in Investment Vehicle C (C) represents at least one per cent of the total investments of the RSE, also report B as the indirectly-held investment and C as the underlying investment, in a new line in item 3. In this example, C is not connected to the RSE licensee/RSE and therefore no further information is collected.

                      The investment vehicle types are: cash management trust, life company guaranteed, life company investment linked, life company other, listed retail trust, pooled superannuation trust, unlisted retail trust, wholesale trust and 'other indirect investment'.

Interposed associate  Represents a connected entity that has been engaged to manage some or