Australian Prudential Regulation Authority (confidentiality) determination No. 3 of 2011 (Cth)

Australian Prudential Regulation Authority

(confidentiality) determination No.3 of 2011

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 18 January 2011

[Signed]

Juanita Hoare

Senior Manager

Policy, Research & Statistics

Interpretation   Document ID: 190586

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 2010.

2.         Thereporting 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

BP Superannuation Fund   ABN 86 806 763 964

Combined Fund   ABN 46 921 400 504

Ford Employees Superannuation Fund   ABN 67 374 536 906

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

National Mutual Simple Superannuation Fund                    ABN 11 511 207 625

National Mutual Tailored Superannuation Fund                  ABN 24 009 837 366

Nestle Australia Group Superannuation Fund   ABN 33 472 013 860

Shell Australia Superannuation Fund   ABN 68 282 536 911

Super Directions Fund   ABN 78 421 957 449

The Tower Superannuation Fund for General Public           ABN 76 727 806 658

The Victorian Independent Schools Superannuation

Fund

ABN 37 024 873 660

Tower Master Fund   ABN 20 891 605 180

Uniting Church in Australia Beneficiary Fund   ABN 20 744 096 506

3.         Thereporting document was received by APRA before the date of this determination.

Interpretation

In this and the next 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 2010 will be calculated for a fund with a 31

December balance date:

Balance date

31

December

Net earnings after tax

(YTD 30 June)

Annual return for period end 31

December 2009

less

Quarterly return YTD

data to 30 Jun 2009

plus

Quarterly return YTD

data to 30 June 2010

Beginning net assets for period end 30

June 2010

Net assets at the end of the reporting period as reported in the quarterly return for

period end 30 Jun 2009

(SRF 100.0, item 23 + SRF 100.0, item 23.1).

Net flows

(YTD 30 June)

Annual return for period end 31

December 2010

less

Quarterly return YTD

data to 30 Jun 2009

plus

Quarterly return YTD

data to 30 Jun 2010

The diagram below is a graphical representation of the methodology used to calculate YTD

data. This example shows how YTD data to 30 June 2010 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.          Allitems of information other than those used by APRA to calculate the calculated 30 June ROR; and

4.          Allitems 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.