Item 1

Report non-resident assets in item 1.

Report non-resident assets in column 1. Report the portion of non-resident assets that is: denominated in a foreign currency in column 2; and the value for which payment is due in one year or less in column 3, where applicable.

Report shares and units in trusts in item 1.1. Report the portion of short-term debt securities issued by a non-resident which is domicile type Australia domicile in item 1.2.1. Report the portion of short-term debt securities issued by a non-resident which is domicile type international domicile in item 1.2.2.

Report the portion of long-term debt securities issued by a non-resident which is domicile type Australia domicile in item 1.3.1. Report the portion of long-term debt securities issued by a non-resident which is domicile type international domicile in item 1.3.2.

Report securities purchased under agreements to resell and stock borrowing, including the amount purchased using collateral received from the sale of securities sold under agreements to repurchase and stock lending, that are non-resident assets in item 1.4.

Report derivatives with a gross positive market value with non-resident counterparties in item 1.5. Report the aggregate market value of all derivative contracts that have a positive market value at the reporting date. Do not offset against other derivative contracts that have a negative market value at the reporting date. Derivatives with a negative market value must be reported as derivatives with a gross negative market value.

Report loans and placements with non-resident counterparties in item 1.6.

Report deposits accepted by non-resident counterparties in item 1.7.

Report other financial assets in item 1.8.

Report the portion of other financial assets that are cash and non-cash collateral investment from the sale of securities sold under agreements to repurchase and stock lending to non-residents, excluding collateral used to purchase securities under agreements to resell and stock borrowing in item 1.8.1.

Report the portion of cash and non-cash collateral excluding securities purchased under agreements to resell and stock borrowing that are deposits in item 1.8.1.1, debt securities in item 1.8.1.2 and shares in item 1.8.1.3.

Report the value of non-resident assets that are land, dwellings and other building structures located overseas in item 1.9.

Item 1.10 is a derived item. Report item 1.10 as total non-resident assets reported in item 1.11 minus the sum of items 1.1 through to item 1.9 inclusive.

Non-resident assets

Represents financial claims of the RSE on all non-resident counterparties, whether purchased overseas or in Australia and irrespective of the currency in which they are denominated.

Includes:

• shares in non-resident companies even if traded on domestic stock exchanges (e.g. ASX and/or Chi-X; a list of the foreign companies quoted on the ASX is available from the ASX website www.asx.com.au);
• shares in non-resident companies not available for purchase or sale through domestic or foreign stock exchanges;
• tangible assets such as land and buildings located overseas;
• debt securities issued by non-residents (including Kangaroo bonds which are bonds issued by a non-resident in the Australian market); and
• accounts receivable from non-residents (including related companies).

Excludes:

• financial claims on Australian residents denominated in foreign currency (included as resident assets); and
• financial claims on Australian residents purchased overseas e.g. Yankee bonds issued by an Australian company (included as resident assets).

Denominated in a foreign currency

Represents the Australian dollar equivalent of assets denominated in a currency that is not Australian dollar.

Payment is due in one year or less

Represents the portion of long-term assets and/or liabilities by original term to maturity that has less than one year to mature.

Securities purchased under agreements to resell and stock borrowing

Represents securities (debt) held under resale agreements and stocks (shares) borrowed at the end of the reference period.

Gross positive market value

Represents the aggregate amount of all exposures with a positive market value.

Cash and non-cash collateral

Represents the investments by RSEs of cash and non-cash collateral received from the sale of securities sold under agreements to repurchase and stock lending, excluding collateral used to purchase securities under agreements to resell and stock borrowing. Includes investments of collateral in deposits, debt securities and equities. Excludes: investments of collateral in securities purchased under agreements to resell and stock borrowing.

Land, dwellings and other building structures

Represents investments in real estate, including land, dwellings and other building structures, where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.

Item 2

Report deposits that are resident assets in item 2.

Report deposits in column 1. Report the portion of deposits that is: denominated in a foreign currency in column 2; and the value for which payment is due in one year or less in column 3, where applicable.

Item 2.2 is a derived item. Report total deposits in item 2.2 as the sum of:

• transferable deposits (in transaction accounts earning minimum interest) held in banks reported in item 2.1.1.1;
• other deposits (including retirement transaction accounts earning interest, saving accounts including online accounts and term deposits) held in banks reported in item 2.1.1.2;
• transferable deposits (in transaction accounts earning minimum interest) held in other deposit-taking institutions reported in item 2.1.2.1; and
• other deposits (including retirement transaction accounts earning interest, saving accounts including online accounts and term deposits) held in other deposit-taking institutions reported in item 2.1.2.2.

When reporting about transferable deposits, include all deposit accounts earning minimum interest (where minimum interest is defined, for the purposes of these instructions, refers to annual interest earnings of less than 0.02%).

When reporting about other deposits, include Notice of withdrawal (NOW, a written notice required before funds can be withdrawn or transferred out of the account), demand deposits, savings deposits, money market deposit accounts, other savings deposits, 11 am accounts and 24-hour money, term deposits (an account in which money has to be placed for a fixed period for a stated interest rate) and retirement savings accounts (RSAs, which are low risk/low return capital guaranteed products subject to the same restrictions as other superannuation products. Only an approved deposit taking institution, building society, credit union, life insurance company or a prescribed financial institution can be approved as a RSA provider).

Resident assets

Represents financial claims of the RSE on all resident counterparties whether purchased overseas or in Australia and irrespective of the currency in which they are denominated.

Includes:

• financial claims on Australian residents denominated in foreign currency; and
• financial claims on Australian residents purchased overseas e.g. Yankee bonds issued by an Australian company.

Excludes:

• shares in non-resident companies even if traded on domestic stock exchanges (eg. ASX and/or Chi-X; a list of the foreign companies quoted on the ASX is available from the ASX website www.asx.com.au, included as non-resident assets);
• debt securities issued by non-residents (including Kangaroo bonds which are bonds issued by a non-resident in the Australian market);
• accounts receivable from non-residents (including related companies); and
• holding of physical foreign currency.

Item 3

Report loans and placements that are resident assets in item 3.

Report loans and placements in column 1. Report the portion of loans and placements that is denominated in a foreign currency in column 2; and the value for which payment is due in one year or less in column 3, where applicable.

Report the portion of loans and placements to:

• private trading enterprises in item 3.1;
• property and infrastructure trusts in item 3.2; and
• households in item 3.3. Report the portion of loans and placements to households that is attributable to loans secured by residential mortgages on land and buildings in item 3.3.1.

Item 3.4 is a derived item. Report item 3.4 as total loans and placements in item 3.5 minus the sum of item 3.1, item 3.2 and item 3.3.

For the avoidance of doubt, loans and placements to households comprises loans and placements to individuals (including members), or groups of individuals, resident in Australia.

Item 4

Report short-term debt securities that are resident assets in item 4.

Report short-term debt securities of the RSE in column 1. Report the portion of short-term debt securities of the RSE that is denominated in a foreign currency in column 2.

Report bills of exchange: bank accepted and/or endorsed in item 4.1.

Report Treasury notes issued by the Australian Commonwealth Government in item 4.2.

Report negotiable certificates of deposit (NCDs) issued by banks in item 4.3.

Report commercial paper issued by:

• private trading enterprises in item 4.4.1;
• trading enterprises owned by the Australian Commonwealth government in item 4.4.2;
• trading enterprises owned by state, territory and local governments in item 4.4.3;
• state and territory central borrowing authorities in item 4.4.4;
• property and infrastructure trusts in item 4.4.5;
• banks in item 4.4.6;
• other deposit-taking institutions in item 4.4.7;
• life insurance and friendly societies in item 4.4.8;
• general and health insurance corporations in item 4.4.9; and
• securitisers in item 4.4.10.

Item 4.4.11 is a derived item. Report commercial paper issued by other financial institutions in item 4.4.11 as total short-term debt securities reported in item 4.5 minus the sum of bills of exchange that are bank accepted and/or endorsed in item 4.1, Treasury notes issued by the Australian Commonwealth Government in item 4.2, negotiable certificates of deposit (NCDs) issued by banks in item 4.3 and commercial paper reported in items 4.4.1 to 4.4.10 inclusive.

Bills of exchange: bank accepted and/or endorsed

Represents unconditional orders in writing addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand. They usually have an original term to maturity of 180 days or less.

Includes: bank accepted bills and bank endorsed bills.

Excludes: non-bank bills.

Treasury notes

Represents short-term debt securities issued by the Australian Commonwealth Government.

Negotiable certificates of deposit (NCDs) issued by banks

Represents short-term debt securities issued by resident banks, repayable at a fixed date. The bank writes a certificate stating that a fixed amount has been deposited for a fixed period of time, at a predetermined interest rate. The NCD trades at a discount from face value.

Excludes: transferable certificates of deposit (included as long-term debt securities); certificates of deposit issued by merchant banks (included as commercial paper); commercial paper issued by resident banks (included as commercial paper).

Commercial paper

Represents a written promise to pay a specified sum of money to the bearer at an agreed date. It is usually issued for terms ranging from 30 to 180 days and is sold to an investor at a discount to the face value. Also called promissory notes or one name paper and is a type of short-term debt security.

Includes: promissory notes, one name paper, certificates of deposit issued by merchant banks, and asset backed commercial paper.

Excludes: floating rate notes and similar long-term debt securities with a short-term interest rate (included as long-term debt securities).

Item 5

Report long-term debt securities that are resident assets in item 5.

Report long-term debt securities in column 1. Report the portion of long-term debt securities that is: denominated in a foreign currency in column 2 and the value for which payment is due in one year or less in column 3, where applicable.

Item 5.12 is a derived item. Report long-term debt securities issued by other financial institutions in item 5.12 as total long-term debt securities reported in 5.13 minus long-term debt securities issued by:

• treasury bonds issued by the Australian Commonwealth Government reported in item 5.1;
• private trading enterprises reported in item 5.2;
• trading enterprises owned by the Australian Commonwealth government reported in item 5.3;
• trading enterprises owned by state, territory and local governments reported in item 5.4;
• state and territory central borrowing authorities reported in item 5.5;
• property and infrastructure trusts reported in item 5.6;
• banks reported in item 5.7;
• other deposit-taking institutions reported in 5.8;
• life insurance and friendly societies reported in item 5.9;
• general and health insurance corporations reported in item 5.10; and
• securitisers reported in item 5.11.

Report the portion of long-term debt securities issued by banks that is attributable to covered bonds in item 5.7.1.

Report the portion of long-term debt securities issued by other deposit-taking institutions that is attributable to covered bonds in item 5.8.1.

Treasury bonds

Represents long-term debt securities issued by the Australian Commonwealth Government.

Covered bonds

Represents debt securities secured by assets beneficially owned by a bankruptcy remote special purpose vehicle.

Item 6

Report shares that are resident assets in item 6.

Report shares which are listed on the Australian Securities Exchange (ASX) issued by:

• private trading enterprises in item 6.1.1;
• banks in item 6.1.2;
• other deposit-taking institutions in item 6.1.3;
• life insurance and friendly societies in item 6.1.4;
• general and health insurance corporations in item 6.1.5; and
• other financial institutions in item 6.1.6.

When reporting shares listed on the ASX (i.e. equity securities listed on the ASX), include listed ordinary shares and listed participating preference shares (a special type where the holder has an entitlement to a share in the residual value on dissolution of the issuing company). When reporting shares listed on the ASX, exclude equity derivatives, such as exchange traded options (included as derivatives); units in listed trusts (included as units in trusts); shares in non-resident companies even if quoted on domestic stock exchanges (included as non-resident shares). A list of the foreign companies quoted on the ASX is available from the ASX website www.asx.com.au.

Report the portion of shares in other financial institutions that are attributable to shares in investment companies in item 6.1.6.1.

Report shares which are not listed on the ASX (i.e. they are not available for purchase or sale through the ASX, sometimes referred to as private equity) issued by:

• private trading enterprises in item 6.2.1;
• banks in item 6.2.2;
• other deposit-taking institutions in item 6.2.3;
• insurance corporations in item 6.2.4; and
• other financial institutions in item 6.2.5.

Item 6.3 is a derived item. Report total shares as the sum of shares listed on the ASX reported in item 6.1 and shares not listed on the ASX in item 6.2.

When reporting on shares not listed on the ASX, include investment in venture capital firms.

Item 7

Report units in trusts that are resident assets in item 7.

Item 7.7 is a derived item. Report total units in trusts in item 7.7 as the sum of:

• cash management trusts reported in item 7.1;
• retail trusts that are listed on the ASX and which are property and infrastructure trusts reported in item 7.2.1;
• retail trusts that are listed on the ASX and which are other trusts reported in item 7.2.2;
• retail trusts that are not listed on the ASX and which are property and infrastructure trusts reported in item 7.3.1;
• retail trusts that are not listed on the ASX and which are other trusts reported in item 7.3.2;
• pooled superannuation trusts reported in item 7.4;
• wholesale trusts with an Australian Registered Scheme Number which are property and infrastructure trusts reported in item 7.5.1;
• wholesale trusts with an Australian Registered Scheme Number which are other trusts reported in item 7.5.2;
• wholesale trusts without an Australian Registered Scheme Number which are property and infrastructure trusts reported in item 7.6.1; and
• wholesale trusts without an Australian Registered Scheme Number which are other trusts reported in item 7.6.2.

Do not report units in non-resident trusts and/or companies, even if quoted on the ASX (include in item 1.1 in non-resident assets: Shares and units in trusts).

Australian Registered Scheme Number

Represents a nine digit number issued to Australian managed investment schemes by the Australian Securities and Investments Commission (ASIC).

Item 8

Report securities purchased under agreements to resell and stock borrowing, including the amount purchased using collateral received from the sale of securities sold under agreements to repurchase and stock lending, that are resident assets in item 8.

Report securities purchased under agreements to resell and stock borrowing in column 1. Report the portion of securities purchased under agreements to resell and stock borrowing that is denominated in a foreign currency in column 2.

Item 9

Report derivatives with a gross positive market value that are resident assets in item 9.

Report derivatives with a gross positive market value in column 1. Report the portion of derivatives with a gross positive market value that is denominated in a foreign currency in column 2.

Report the aggregate market value of all derivative contracts that have a positive market value at the reporting date. Do not offset against other derivative contracts that have a negative market value at the reporting date. Derivatives with a negative market value must be reported as derivatives with a gross negative market value.

Item 10

Report investment and/or insurance policies held in the statutory fund of life companies that are resident assets in item 10.

Report investment and/or insurance policies held in the statutory fund of life companies in column 1. Report the portion of investment and/or insurance policies held in the statutory fund of life companies that is denominated in a foreign currency in column 2.

Investment and/or insurance policies held in the statutory fund of life companies

Represents the value of unit-linked insurance or investment policies regardless of who manages the underlying assets of these policies/products, or how the underlying assets are distributed/invested. If net market value is not available or appropriate (e.g. traditional whole of life policies), use surrender value. Also refers to the net market value of policies in respect of death, total, permanent or temporary disablement.

Item 11

Report receivables and other financial assets that are resident assets in item 11.

Report total investment income receivable in item 11.1. Do not include receivables relating to sales of investments or outstanding fees which are reported in item 11.8.

Item 11.8 is a derived item. Report other receivables and other financial assets as total receivables and other financial assets reported in item 11.9 minus the sum of:

• investment income receivable reported in item 11.1;
• member contributions receivable in item 11.2;
• employer contributions receivable in item 11.3;
• defined benefit contributions receivable in item 11.4;
• contributions receivable from the government in item 11.5. Contributions receivable from the government in respect of the reporting period, where these related to a fully funded RSE for public sector employees, must be reported as employer contributions;
• insurance proceeds receivable reported in item 11.6. If an RSE has insurance proceeds, insurance related inflows must also be reported in item 11; and
• receivables from financial auxiliaries (such as stock brokers) reported in item 11.7.

Report the portion of other receivables and other financial assets that are cash and non-cash collateral investment from the sale of securities sold under agreements to repurchase and stock lending to residents in item 11.8.1. Do not report collateral used to purchase securities under agreements to resell and stock borrowing in item 11.8.1 (reported in item 1.4 and item 8).

Report the portion of item 11.8.1 that are deposits in item 11.8.1.1, debt securities in item 11.8.1.2 and shares in item 11.8.1.3.

Receivables and other financial assets

Represents short-term liabilities owed by debtors.

Includes: accounts receivable and payable or trade debtors and creditors; monies receivable for sales of securities or payable for purchase of securities; accounts receivable from or payable to non-residents (included as non-resident other financial assets or non-resident other financial liabilities as appropriate); and the difference between securities and stocks lent and collateral received (balancing item).

Excludes: derivatives; reserve and provision accounts; receivables recognised in respect of repurchase agreements.

Investment income receivable

Represents the investment income that is receivable by the RSE.

Includes: interest, dividends, unit trust distributions, and rental income that is accrued but not yet received.

Other financial assets

Represents assets not separately identified as deposits, loans and placements, debt securities, shares, units in trust, securities purchased under agreement to resell and stock borrowing, derivatives with a gross positive market value, investments and/or insurance policies held in the statutory fund of life companies and receivables.

Member contribution

Represents contributions made by a member including non-excluded capital gains or capital proceeds and personal injury payments, direct termination payments, other third party contributions (low income super tax offsets, government co-contributions and other family and friend contributions) and other contributions made by a person other than the employer. Reference: Member Contribution Statement.

Employer contribution

Represents contributions made by an employer on behalf of the member.

Includes: employer contributions made to an accumulation account on behalf of members to meet super guarantee, award or other obligations; contributions paid as a result of a salary sacrifice arrangement; transfers from consolidated revenue funds for EPSSSs and constitutionally protected funds; and super guarantee charge and the taxable component of any super holding accounts special account amounts which the ATO transferred to the provider on behalf of the member. Reference: Member Contribution Statement.

Defined benefit contribution

Represents contributions made in respect of a member interest that is a defined benefit interest. Reference: SIS Regulations, r. 1.03AA.

Contributions receivable from the Government

Represents amounts receivable from Commonwealth and State Governments in respect of recognised unfunded liabilities to superannuation funds for public sector employees.

Insurance proceeds receivable

Represents proceeds receivable on insurance claims that have been made/accepted by the insurer, but are not yet received from the insurer as at the end of the reporting period.

Item 12

Report non-financial assets that are resident assets in item 12.

Item 12.4 is a derived item. Report other non-financial assets as total non-financial assets reported in 12.5 minus the sum of:

• land, dwellings and other building structures located in Australia reported in item 12.1;
• equipment including information technology assets reported in item 12.2; and
• intangible assets reported in item 12.3.

Equipment including technology assets

Represents all plant, equipment and technology assets not otherwise classified as land, dwellings and other building structures.

Includes information technology assets (excluding software) utilised for business operation purposes.

Intangible assets

Represents all intangible assets of finite and infinite life including goodwill.

Include: Software utilised for business operation purposes.

Items 13 and 14

Item 13 is a derived item. Report other assets as total resident assets reported in item 14 minus items 2 through to 12 inclusive.

Report total resident assets in item 14.

Report total resident assets in column 1. Report the portion of total resident assets that is: denominated in a foreign currency in column 2 and the value for which payment is due in one year or less in column 3, where applicable.

Item 15

Report total assets in item 15.

Report total assets in column 1. Report the portion of total assets that is denominated in a foreign currency in column 2.

Item 15 is a derived item. Report total assets as the sum of total non-resident assets reported in item 1.11 and total resident assets reported in item 14.

Report the portion of total assets in item 15 that is: attributable to mandated funds placed with resident investment managers in item 15.1, attributable to non-mandated funds placed with resident investment managers in item 15.2, and attributable to funds placed with non-resident investment managers in item 15.3.

Mandated funds placed with resident investment managers

Represents the gross value of an investment held via individually managed mandate/discrete portfolio where the decision-making regarding the making and redeeming of particular investments within the portfolio rests with the resident investment manager in accordance with the mandates prescribed by the RSE licensee.

Do not offset against any financing and/or other liabilities such as margin loan, derivatives etc. undertaken as part of the portfolio management.

Excludes: investment in pooled superannuation trusts offered by fund managers; investments and/or insurance policies held in the statutory fund of life companies; investment in retail units trusts offered by fund managers.

Non-mandated funds placed with resident investment managers

Represents the gross value of non-mandated investment in wholesale trusts offered by resident investment managers.

Excludes: investment in pooled superannuation trusts offered by fund managers; investments and/or insurance policies held in the statutory fund of life companies; investment in retail units trusts offered by fund managers.

Funds placed with non-resident investment managers

Represents the gross value of mandated and non-mandated investment placed with non-resident investment managers.

Do not offset against any financing and/or other liabilities such as margin loan, derivatives etc. undertaken as part of the mandated portfolio management.

Item 16

Report non-resident liabilities in item 16.

Report non-resident liabilities in column 1.

Report the portion of non-resident liabilities that is: denominated in a foreign currency in column 2 and the value for which payment is due in one year or less in column 3, where applicable.

Report securities sold under agreements to repurchase and stock lending in item 16.1.

Report loans and placements in item 16.2.

Report derivatives with a gross negative market value in item 16.3. Report the aggregate market value of all derivative contracts that have a negative market value at the reporting date. Do not offset against other derivative contracts that have a positive market value at the reporting date. Derivatives with a positive market value must be reported as derivatives with a gross positive market value.

Report payables that are benefits payable in item 16.4.1 and that are accounts payable in item 16.4.2.

Report other financial liabilities in item 16.5.

Item 16.6 is a derived item. Report total non-resident liabilities in item 16.6 as the sum of:

• securities sold under agreements to repurchase and stock lending reported in item 16.1;

• loans and placements reported in item 16.2;
• derivatives with a gross negative market value in item 16.3;
• payables that are benefits payable reported in item 16.4.1;
• payables that are accounts payable reported in item 16.4.2; and
• other financial liabilities reported in item 16.5.

Non-resident liabilities

Represents the financial claims of non-residents on the RSE whether incurred overseas or in Australia and irrespective of the currency in which they are denominated.

Securities sold under agreements to repurchase and stock lending

Represents securities (debt) sold under repurchase agreements and stocks (shares) loaned at the end of the reference period.

Gross negative market value

Represents the aggregate amount of all exposures with a negative market value.

Benefits payable

Represents the liability to members who remain unpaid instead of exiting or drawing a benefit payment.

Accounts payable

Represents short-term liabilities owed to creditors or beneficiaries.

Other financial liabilities

Represents legal debts or obligations that arise during the course of business operations.

Includes: Balancing item due to difference between securities and stocks loaned to non-residents and collateral received.

Excludes: securities sold under agreements to repurchase and stock lending, loans and placements that are short-term by original term to maturity, loans and placements that are long-term by original term to maturity, derivatives with a gross negative market value, benefits payable and accounts payable.

Items 17 to 22

Report resident liabilities in column 1.

Report the portion of resident liabilities that is: denominated in a foreign currency in column 2 and the value for which payment is due in one year or less in column 3, where applicable.

Report securities sold under agreements to repurchase and stock lending in item 17.

Item 18.5 is a derived item. Report total loans and placements in item 18.5 as the sum of loans and placements:

• borrowed from banks reported in item 18.1;
• borrowed from other deposit-taking institutions reported in item 18.2;
• borrowed from trading enterprises reported in item 18.3; and
• borrowed from other reported in item 18.4.

Report derivatives with a gross negative market value in item 19.

Report benefits payable in item 20.1.

Report accounts payable in item 20.2.

Item 21 is a derived item. Report other liabilities to Australian residents as total resident liabilities reported in item 22 minus the sum of items 17 to 20 inclusive.

Include Balancing item due to difference between securities and stocks loaned to residents and collateral received in item 21.

Report total resident liabilities in item 22.

Resident liabilities

Represents the financial claims of residents on the RSE whether incurred overseas or in Australia and irrespective of the currency in which they are denominated.

Item 23

Item 23 is a derived item. Report total liabilities as the sum of total non-resident liabilities reported in item 16.6 and total resident liabilities reported in item 22.

Report the portion of total liabilities reported in item 23 that is attributable to balancing item due to difference between securities and stocks lent and collateral received in item 23.1.

Balancing item due to difference between securities and stocks lent and collateral received

Represents the balancing item due to difference between the market value of securities sold under repurchase agreements and stocks loaned (resident and non-resident assets) and the collateral received.

Item 24

Report net assets available to pay members’ benefits in column 1.

Report the portion of members’ benefits that is: attributed to defined benefit members’ benefits in column 2 and attributed to defined contribution members’ benefits in column 3, where applicable.

Report net assets available to pay benefits in respect of a PST in column 3. This represents the beneficial rights of unit holders in the trust as a result of investment in the RSE.

Column 1 of item 24 is a derived item. Report net assets available to pay benefits of the RSE in item 24 as total assets reported in item 15 minus total liabilities reported in item 23.

Net assets available to pay benefits

Represents the surplus of total assets less total liabilities

Attributed to: 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.

Attributed to: defined contribution members’ benefits

Represents the present obligation to pay benefits to defined contribution members and beneficiaries.

Item 25

Report reserves in item 25.

Reserves

Represents the portion of net assets available for members’ benefits which is not total liability for members’ benefits.

Includes: reserves such as ORFR reserve, investment reserve and self-insurance reserve.

Excludes: surplus/deficit in net assets, unallocated contributions that are not part of a formal reserve.

ORFR reserve

Operational Risk Financial Requirement 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.

Investment reserve

Represents the difference between the cumulative values of investment income (net of investment expenses) allocated to members’ accounts compared to the cumulative investment income (net of investment expenses) earned.

Includes: investment fees deducted from members accounts but not yet allocated for payment of investment related expenses.

Self-insurance reserve

Represents a reserve designated by the RSE licensee as being for the purposes of funding self-insurance arrangements.

Item 26

Report liability for members’ benefits in item 26.

Item 26.1, column 1, is a derived item. Report liability for members’ benefits in column 1 as the sum of attributed to: defined benefit members’ benefits in column 2 and attributed to: defined contribution members’ benefits in column 3, where applicable.

Report liability for members’ benefits in respect of a PST in item 26.1, column 3. This represents the beneficial rights of unit holders in the trust as a result of investment in the RSE.

Item 26.3 is a derived item. Report total liability for members’ benefits as the sum of liability for members’ benefits reported in item 26.1, and unallocated contributions reported in item 26.2.

Liability for members’ benefits

Represents the present obligation to members and beneficiaries for benefits they are entitled to receive in the future as a result of membership of the RSE.

Unallocated contributions

Represent contributions received but not yet allocated to specific member accounts or reserves.

Item 27

Item 27 is a derived item. Report surplus/deficit in net assets as net assets available for members’ benefits reported in item 24 minus the sum of total reserves reported in item 25 and total liability for members’ benefits reported in item 26.3.

Report a surplus as a positive number and a deficit as a negative number.

Report underlying reason for surplus/deficit in net assets in item 27.1. Item 27.1.2 is a derived item. Report other reasons as, surplus/deficit in net assets reported in item 27 minus the value reported for the reason being accrued benefits that are over (under) funded which is reported in item 27.1.1.

Surplus/ deficit in net assets

Represents the excess/deficiency in net assets available for members’ benefits against total liability for members’ benefits.

Excludes: reserves, unallocated contributions.

Accrued benefits that are over(under) funded

Represents the amount of excess or deficiency in net assets that is due to over or under funding in defined benefit plans.

Non-resident

Represents any individual, enterprise or other organisation ordinarily domiciled in a country other than Australia.

Includes: foreign branches and foreign subsidiaries of Australian enterprises.

Excludes: Australian-based branches and subsidiaries of foreign businesses.

Australian resident

Represents any individual, enterprise or other organisation ordinarily domiciled in Australia’s economic territory.

Includes: Australian registered branches and incorporated subsidiaries of foreign enterprises.

Australian domicile

Represents investments issued in Australia.

International domicile

Represents investments issued outside Australia.

Notes and coins

Represents holdings of physical currency.

Includes: foreign currencies (included as notes and coins denominated in a foreign currency) and Australian notes and coins (included as notes and coins denominated in Australian dollars).

Excludes: bills of exchange (included as short-term debt securities); units in cash management trusts.

Deposits

Represents customers’ account balances with institutions regarded as deposit-taking institutions.

Includes: account balances with resident banks; account balances with resident other deposit-taking institutions such as credit unions, building societies, merchant banks and registered financial corporations; deposits with non-resident banks (included as non-resident deposits)

Excludes: holdings of physical currency (included as holdings of notes and coins); certificates of deposit (included as debt securities).

Transferable deposits

Represents all deposits that are exchangeable for bank notes and coins on demand at par and without penalty or restriction; and are directly usable for making payment by cheque, draft, giro order, direct debit/credit, or other direct payment facility.

Other deposits

Represents all customers’ deposits, other than transferable deposits.

Includes: savings deposits, fixed-term deposits, non-negotiable certificates of deposit, shares or similar evidence of deposit issued by savings and loan associations, building societies, credit unions etc.

Debt securities

Represents financial instruments that evidence the issuer’s promise to repay the principal at face value upon maturity.

Includes: bills of exchange, commercial paper and bonds.

Short-term debt securities

Represents debt securities which have an original term to maturity of one year or less.

Includes: all short-term securities issued by non-resident; all short-term securities issued by residents such as treasury notes, bills of exchange, inscribed stock, commercial paper and promissory notes issued by an institution (e.g. trading enterprises, central borrowing authorities, securitisers, negotiable certificates of deposit (NCDs)).

Excludes: debt securities which have an original term to maturity of more than one year, but have a remaining term to maturity of less than or equal to one year (included as long-term debt securities).

Long-term debt securities

Represents debt securities which have an original term to maturity of more than one year.

Includes: all long-term securities issued by non-resident regardless of the market of issuance such as Euro bonds and Kangaroo bonds; all long-term securities issued by residents such as treasury bonds, treasury Adjustable Rate Bonds, inscribed stock, asset-backed bonds, debentures, transferable certificates of deposit, unsecured notes, mortgage-backed bonds, convertible notes, semi-government bonds, corporate bonds; fixed-interest securities; inflation-indexed bonds, medium-term notes; floating-rate notes, other floating-rate debt securities, Euro bonds issued by Australian residents, non-participating preference shares (a special type where the holder has no entitlement to a share in the residual value on dissolution of the issuing company).

Excludes: derivatives; debt securities which have an original term to maturity of one year or less (included as short-term debt securities).

Loans and placements

Represents borrowings which are not evidenced by the issue of debt securities (loans) and customers’ account balances with institutions not regarded as deposit-taking institutions (placements).

Includes: overdrafts; secured and unsecured borrowings; financial lease agreements; account balances with institutions which do not qualify as deposit-taking institutions; 11 am money placed with corporate treasuries.

Excludes: bills of exchange; commercial paper and promissory notes (included as short-term debt securities); bonds, debentures, medium term notes, transferable certificates of deposit, floating-rate notes (included as long-term debt securities); account balances with financial intermediaries deemed to be deposit-taking institutions, such as banks (included as deposits).

Derivatives

Represents a financial instrument which is a contract between two or more parties where the price is dependent on or derived from one or more underlying assets.

Includes: all exchange traded and over-the-counter call and put options; interest rate, bullion, commodity and equity options; warrants and swap options; interest-rate swaps; cross currency interest rate swaps; currency swaps; futures (e.g. bank bill, bond); forward rate agreements; forward foreign-exchange contracts; and employee stock options.

Shares

Represents securities which represent ownership of part of a company.

Units in trusts

Represents securities that represent beneficial interest or economic ownership in a trust.

Other financial assets

Represents all other financial assets that are not classified elsewhere.

Financial assets are mostly financial claims. Financial claims entitle the owner to receive a payment, or a series of payments, from an institutional unit to which the owner has provided funds. Shares are treated as financial assets even though the financial claim their holders have on the corporation is not a fixed or predetermined monetary amount.

Non-financial assets

Represents assets for which no corresponding liabilities are recorded.

Trading enterprises

Represents enterprises whose main activity is the production of goods or non-financial services for sale at market prices. They may be listed on stock exchanges or unlisted.

Private trading enterprises

Represents trading enterprises that are owned and controlled by the private (non-government) sector.

Includes: intra-group financiers for groups of trading enterprises; trading enterprises which are the Australian-based branches of foreign companies; partnerships of trading companies and unincorporated joint ventures engaged in trading activities.

Excludes: unincorporated businesses except those mentioned above; companies providing financial services to the public such as banks and insurance companies; property and infrastructure trusts.

Trading enterprises owned by the Australian Commonwealth government

Represents trading enterprises that are owned and controlled by the Australian Commonwealth government.

Includes: Australia Post; Snowy Hydro Ltd etc.; NBN Co Limited; Air Services Australia.

Excludes: government departments (included as Australian Commonwealth government); and government-owned financial institutions (included as financial corporations).

Trading enterprises owned by state, territory and local government

Represents trading enterprises that are owned and controlled by state, territory or local governments.

Includes: non-privatised power authorities; housing commissions; port authorities; water boards; gas and fuel authorities.

Excludes: central borrowing authorities or treasury corporations; government-owned financial institutions (included as financial corporations); government departments (included as state, territory and local government); privatised enterprises (included as private trading enterprises).

Reserve Bank of Australia (RBA)

Represents Australia’s central bank. Its main responsibilities include managing monetary policy and maintaining the stability of the financial system. The Bank is an active participant in financial markets, manages Australia’s foreign reserves, issues Australian currency notes and serves as the banker to the Australian Government and the banking system.

Banks

Represents financial corporations and quasi corporations that are licensed by the Australian Prudential Regulation Authority (APRA) to operate as a bank and authorised to use ‘Bank’ or ‘Banker’ in their business name. They are part of the authorised deposit-taking institutions that are authorised under the Banking Act 1959 to take deposits from customers. A list of resident banks can be found on the APRA website at http://www.apra.gov.au.

Includes: banks listed on the APRA website under the categories Australian owned banks, foreign subsidiary banks and branches of foreign banks.

Excludes: Reserve Bank of Australia (RBA); credit unions and building societies (included as other deposit-taking institutions); and non-resident banks.

Other deposit-taking institutions

Represents authorised deposit-taking institutions that are not classified as banks as well as corporations registered under the Financial Sector (Collection of Data) Act 2001.

A list of non-bank deposit-taking institutions and Registered Financial Corporations (RFCs) can be found on the APRA website at http://www.apra.gov.au.

Includes: credit unions, building societies and Registered Financial Corporations (RFCs) listed on the APRA website.

Excludes: banks listed on the APRA website under the categories Australian owned banks, foreign subsidiary banks and branches of foreign banks.

Superannuation funds

Represents funds established to provide benefits for their members on retirement, resignation, death or disablement. A superannuation fund usually takes the legal form of a trust fund. Self-Managed Superannuation Funds (SMSFs) are regulated by the Australian Tax Office and all other funds are regulated by the Australian Prudential Regulation Authority.

Includes: pooled superannuation trusts; approved deposit funds; public sector superannuation funds (including Superannuation Industry (Supervision) Act 1993-exempt funds); private sector superannuation funds e.g. retail or industry super funds; and SMSFs.

Excludes: Future Fund (included as Australian Commonwealth government).

Life insurance and friendly societies

Represents entities registered under the Life Insurance Act 1995 and are regulated by the Australian Prudential Regulation Authority (APRA). They offer insurance for death or disability and also offer investment and superannuation products. A list of life insurance companies and friendly societies be found on the APRA website at http://www.apra.gov.au.

Includes: life insurance companies, life reinsurance companies and friendly societies.

Excludes: insurance companies offering house, car and marine insurance (included as general insurance corporations); non-life reinsurance companies; life insurance brokers (included as financial auxiliaries).

General and health insurance corporations

Represents insurance corporations that are registered as a general insurance company or health insurance company with the Australian Prudential Regulation Authority (APRA).

Includes: the Export Finance Insurance Corporation (EFIC); private sector and government-owned general insurance enterprises; non-life reinsurance companies; private sector and government-owned health insurance enterprises.

Excludes: life insurance companies, life reinsurance companies and friendly societies; insurance brokers (included as financial auxiliaries).

Insurance corporations

Represents entities that are life insurance (including friendly societies), general insurance and health insurance corporations.

State and territory central borrowing authorities

Represents state and territory statutory bodies established by a state or territory government to provide debt funding, risk management and financial advisory services for a range of state and territory government and semi government entities.

Includes: Tcorp, TCV, QTC, WATC, SAFA, TasCorp, NTTC.

Excludes: ACT Treasury.

Securitisers

Represents issuers of asset-backed debt securities that are backed by a pool of specific assets, often residential mortgages. The securities issued can be short-term or long-term.

Excludes: issuers of covered bonds.

Financial auxiliaries

Represents corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role.

Includes: fund managers as principal; stockbrokers; insurance brokers; investment advisors; and corporations providing infrastructure for financial markets.

Investment funds

Represents collective investment vehicles through which investors pool funds for investment in financial or non-financial assets. Under System of National Accounts (SNA) 2008, they are recognised as separate institutional units. Investment funds normally take the format of a trust which is governed by a trust deed.

Property and infrastructure trusts

Property trusts represent investment trusts that provide exposures to investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.

Infrastructure trusts represent investment trusts that provide exposure to investments in the basic physical systems of a country, state or region including transportation, communication, utilities, and public institutions.

Cash management trusts

Represents a unit trust which is governed by a trust deed which generally confines its investments (as authorised by the trust deed) to financial securities available through the short-term money market. Cash management trusts issue units in the trust that are redeemable by the unit holder on demand.

Includes: retail trusts and wholesale trusts.

Excludes: cash management accounts with banks or other deposit-taking institutions (included as deposits).

Retail trusts

Represents a collective investment vehicle with units on issue which provides exposure to a diversified portfolio of investments and can be accessed by retail clients, at low entry levels, as defined in the Corporations Act 2001.

Wholesale trusts

Represents a collective investment vehicle that provides exposure to a diversified portfolio of investments and can be accessed by wholesale clients only, at high entry levels, as defined in the Corporations Act 2001.

Excludes: retail unit trusts; agricultural trusts; film trusts.

Pooled superannuation trusts

Represents a type of collective investment trust where an investment manager invests the assets of superannuation funds, approved deposit funds and other pooled superannuation trusts.

Excludes: unitised investments with life companies where the original or primary investment is an insurance or investment policy.

Investment companies

Represents incorporated corporations whose main purpose is to invest in equities. They may be listed on stock exchanges or unlisted. Those quoted on Australian Securities Exchange (ASX) are called Listed Investment Companies (LICs).

Other financial institutions

Represents financial institutions that are not elsewhere classified.

Includes: domestic clearing houses (e.g. ASX clear, ASX clear (Futures)); economic development corporations owned by governments; co-operative housing societies.

Other residents

Represents resident entities excluding those classified in the financial corporations sector.

Australian Commonwealth Government

Represents the provider of non-market goods and services, principally financed by taxes and hence, provided free of charge or at nominal prices, well below the cost of production. Australian Commonwealth Government entities are primarily financed from taxation revenue.

Includes: departments such as the Commonwealth Department of Finance, the Department of Defence, the ABC and the SBS, the Australian Film Commission, CSIRO, universities; sovereign funds established by Australian Commonwealth Government.

Excludes: government business enterprises (GBEs) such as the Export Finance and Insurance Corporation (included as trading enterprises owned by the Australian Commonwealth Government or financial institutions as appropriate); departments of the state governments, the ACT and the Northern Territory governments (included as state, territory and local government).

Households

Represents persons (in their capacity as households) and unincorporated trading businesses operated by persons either as sole proprietors or in partnerships with other persons.

Includes: family trusts; unincorporated cafes and restaurants; unincorporated professional practices (medical, dental, legal, accounting etc.); unincorporated businesses run by tradesmen (plumbers, electricians etc.); trading trusts established to operate an unincorporated business.

Excludes: unincorporated businesses offering financial services; unincorporated businesses owned by governments (included as government-owned trading enterprises or financial institutions); unincorporated joint ventures and partnerships of companies (included as trading enterprises).