Australian Prudential Regulation Authority (confidentiality) determination No. 26 of 2012

Link to law: https://www.comlaw.gov.au/Details/F2012L02526

 
 
 
Australian Prudential Regulation Authority
(confidentiality) determination No. 26 of 2012
 
Certain information provided by specified entities under Reporting
Standard SRS 100.0
 
Australian Prudential Regulation Authority Act 1998
 
 
 
I, Juanita Hoare, a delegate of APRA, under section 57 of the Australian Prudential Regulation Authority Act 1998, DETERMINE that a reporting document described in Part 1 of the Schedule does not contain confidential information, except for the items of information specified in Part 2 of the Schedule.
 
This determination has effect on the date of registration on the Federal Register of Legislative
Instruments under the Legislative Instruments Act 2003.
 
Note:
The effect of this determination is that the non-confidential information may be published under
subsection 56(5C) of the Australian Prudential Regulation Authority Act.
 
Dated 13 December 2012
 
 
[Signed]
 
 
 
Juanita Hoare
Senior Manager
Policy, Research & Statistics
 
 
 
Interpretation                                                                                      Document ID: 206905
In this determination
APRA means the Australian Prudential Regulation Authority.
 
 
 
 
 
 
 
Schedule
 
Part 1 (reporting documents covered by this determination)
 
 
A reporting document (within the meaning of section 13 of Financial Sector (Collection of Data Act) 2001) is covered by this determination solely to the extent that the
reporting document is used by APRA to calculate and to publish in the ROR
publication, the calculated 30 June ROR and the reporting document satisfies all of the following conditions:
 
1.         The reporting document relates to a reporting period ending on or after 30 June
2005 and before 1 August 2012.
 
2.         The reporting document was given to APRA under reporting form SRF 100.0, under Reporting Standard SRS 100.0 (2005) Statement of Financial Performance made under Financial Sector (Collection of Data) determination No. 46 of 2005 or a prior reporting standard of the same name and number, by one of the following entities (the specified entities):
 
ANZ Australian Staff Superannuation Scheme
ABN 83 810 127 567

CBH Superannuation Fund
ABN 84 433 159 328

Citibank Australia Staff Superannuation Fund
ABN 72 275 643 181

Combined Fund
ABN 46 921 400 504

Dow Australia Superannuation Fund
ABN 39 771 753 561

IBM Australia Limited Superannuation Fund
ABN 66 316 348 898

KCA Super
ABN 60 499 811 907

Lutheran Super
ABN 93 371 348 387

Mars Australia Retirement Plan
ABN 78 588 636 895

National Mutual Retirement Fund
ABN 76 746 741 299

Nestle Australia Group Superannuation Fund
ABN 33 472 013 860

Shell Australia Superannuation Fund
ABN 68 282 536 911

Suncorp Defined Benefit Fund
ABN 40 908 534 502

Super Directions Fund
ABN 78 421 957 449

TAL Superannuation and Insurance Fund
ABN 20 891 605 180

The Victorian Independent Schools Superannuation Fund
ABN 37 024 873 660

Uniting Church in Australia Beneficiary Fund
ABN 20 744 096 506

 
 
 
3.         The reporting document was received by APRA before the date of this determination.
 
Interpretation
 
In Part 1 and Part 2 of this Schedule
 
 
calculated 30 June ROR means the ROR as at 30 June, (or, in the case only of the Victorian Independent Schools Superannuation Fund, as at 31 July) calculated by APRA in accordance with the ROR Methodology set out below.
ROR is short for rate of return.
ROR publication means APRA’s publication Superannuation Fund Level Rates of Return.
ROR Methodology:
 
ROR is calculated as:          ROR =      Net earnings after tax
Cash flow adjusted net assets
 
For superannuation funds with a non-30 June balance date, the calculated 30 June ROR will be calculated using annual (SRF 200.0) and quarterly (SRF 100.0) return data.
 
It is important to note that net earnings after tax and net flows data is reported on a year-to- date (YTD) basis in the quarterly returns. Additionally, the beginning net assets will be taken from the net assets at the end of the reporting period (SRF 100.0, item 23 + SRF 100.0, item
23.1) as reported in the quarterly return for period end 30 June of the previous financial year.
 
Below is an example of how the ROR at 30 June 2012 will be calculated for a fund with a 31
December balance date:
 
 
Balance Date
Net earnings after tax                                    (YTD 30 June)
Beginning net assets for period end 30 Jun-11
Net flows                                  (YTD 30 June)

31 December
Annual return for period end 31
December 2011
less
Quarterly return YTD
data to 30 Jun 2011
plus
Quarterly return YTD
data to 30 June 2012
Net assets at the end of the reporting period as reported in the quarterly return for
period end 30 Jun 2011
(SRF 100.0, item 23 + SRF 100.0, item 23.1).
Annual return for period end 31
December 2011
less
Quarterly return YTD
data to 30 Jun 2011
plus
Quarterly return YTD
data to 30 Jun 2012

 
 
The diagram below is a graphical representation of the methodology used to calculate YTD
data. This example shows how YTD data to 30 June 2012 is calculated for a fund with a 31
December balance date.
 
 
 

 
Schedule
 
Part 2 (items of information from reporting documents that are to remain confidential)
 
 
 
1.         Personal information, within the meaning of the Privacy Act 1988;
2.         Information reported in a reporting document for a superannuation entity or institution that is a pooled superannuation trust, within the meaning of the Superannuation Industry (Supervision) Act 1993;
3.          All items of information other than those used by APRA to calculate the calculated 30 June ROR; and
4.          All items of information used by APRA to calculate the calculated 30 June ROR except to the extent that the calculated 30 June ROR is published by APRA in the ROR publication.
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