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Letter to GIs: DMF data collection

For the attention of all discretionary mutual funds

On 22 December 2010, APRA wrote to all discretionary mutual funds (DMFs) extending the current DMF data collection to financial years ending in 2011.1 The collection was extended with the view that a decision by Government would be made in late 2011 regarding whether or not the data collection would continue past this point.

To date, data has been provided by DMFs to APRA in respect of financial years ending in 2008 to 2010. The data collection in respect of the 2011 financial year will be completed by 30 April 2012. The analysis and consideration by the Government of the data provided by DMFs is still in progress, and is not likely to be completed until the second half of 2012. To ensure there is no gap in DMF data should the Government decide to continue the data collection, the provision of data by DMFs to APRA will continue for financial years ending in 2012.

The collection of DMF data for 2012 will be based on the existing reporting standards and reporting forms. As a consequence, lodgements will continue to be annual, with each annual return due within four months of the DMF's balance date. Reporting forms and instructions are available at http://www.apra.gov.au/NonReg/Pages/discretionary-mutual-funds.aspx.

If you have any questions concerning the extension of the collection, please contact APRA Statistics at statistics@apra.gov.au.

Yours sincerely

Ian Laughlin