Australian Prudential Regulation Authority adds seven superannuation reporting FAQs on liquidity and exposure disclosures

The Australian Prudential Regulation Authority updated its superannuation data reporting FAQ page with seven new FAQs for RSE licensees, focused on liquidity reporting under SRF 551.1 to 551.3 and material exposure reporting under SRF 553.0 and 553.1. The additions clarify how to report “Other Funding Requirements” in SRF 551.1 Table 2, confirm that an ad hoc SRF 551.2 filing is not required when a previously reported liquidity trigger or indicator has returned to normal, and explain how to report total investment value, planned liquidation amounts and exclusions for assets not expected to be liquidated within the next three or 30 days in SRF 551.3 Table 1. For exposure reporting, APRA clarified that materiality under SRF 553.0 should be assessed using actual look-through exposures, so cash, fixed income and listed equity holdings must be counted in the materiality calculation even when they sit in portfolios with different strategic sector labels. It also said identical internally managed exposures held through different internal vehicles may be aggregated in SRF 553.0 Table 1 or SRF 553.1 Table 1 if they have the same number of interposed internal vehicles and all other attributes are the same, and reiterated that SRS 553.0 relies on the classification concepts used in SRS 550.0 to keep reporting consistent across APRA forms. APRA said the FAQs provide reporting guidance but do not create enforceable requirements until incorporated into the legislative reporting instruments. Where appropriate, it intends to fold the guidance into reporting standards, forms and instructions in later updates.