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
Note
APRA has ceased its data collection from Discretionary Mutual Funds following consultation with the industry.
Letter
September 2016
Letter
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.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.