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Status: Closed
October 2016

Discretionary mutual funds

Discretionary Mutual Funds (DMFs) offer a ‘discretionary cover’, that is, an insurance-like product that may involve an obligation on the DMF to consider meeting a claim. However, it gives the DMF a discretion as to whether it will pay the claim.

March 2020

Reporting regime

From 27 March 2020, all APRA-reporting institutions must use myGovID to submit returns via D2A. Auskey officially was decommissioned on 27 March 2020.

October 2016


APRA has ceased its data collection from Discretionary Mutual Funds following consultation with the industry.


September 2016


Unconfidential submissions 

 May 2014

 Reporting forms and instructions are in the table below:

Form Name Instructions Form
DRF 1.0 Notification form  
DRF 100.0 Insurance and Sundry Information
DRF 210.0 Outstanding Claims Provision
DRF 300.0 Statement of Financial Position
DRF 310.0 Statement of Financial Performance
DRF 310.1 Contribution Revenue by State and Territory
DRF 310.2 Claims Expense and Insurance Recoveries
DRF 310.3 Insurance by Class
DRF 310.4 Other Information

Note on submissions

It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.