FAQ

An APIR® Code is a unique identifier issued by APIR® to participants and products within the Financial Services Industry.
  • Participants have a Participant APIR® Code
  • Products have a Product APIR® Code
  • SPIN level Superannuation products have a SPIN (Superannuation Product Identification Number)

With the ever growing complexity of the financial markets today, one method of identification that can be trusted is the industry standard APIR® Code. APIR® Codes remain the same for the life of the business structure or product enabling them to remain identifiable even if their name, status, or ownership changes. APIR® Codes avoid the confusion, system errors and administrative complications the proliferation of numbering systems would cause.

APIR® Codes are used across the industry by fund managers, research houses, wraps and master funds and software houses to unambiguously identify fund managers and their products. They are also published freely and extensively on websites and portals, including Bloomberg Financial Planning software, Margin Lending firms, Fund Managers and Research Houses.

APIR® Codes are allocated to products and participants in the Financial Services Industry. APIR® Codes are primarily allocated to unlisted investments, such as managed funds or public offer and corporate superannuation funds, also Responsible Entities, Administrators and/or Trustees.

APIR® Codes are allocated using a series of business rules to link the relationships that exist for products and participants. For example, a basic standalone product is linked to its Responsible Entity and if relevant, to its Administrator and/or Trustee.

Today, the identification standard covers some 700 Responsible Entities and Trustees, over 30,000 current and archived products and some 200 retail Master Trusts and Wrap Platforms that make up the platform industry in Australia.

Users of APIR Codes and our accompanying reference data services include nearly 700 Dealer Groups, 25,000 financial advisers and a diverse range of service providers including, Government departments, custodians, clearing houses and administrators.

All APIR® identifiers and other services are based on international standards and are designed for international use. They have also been designed to meet industry and regulatory needs while being understood by, and accessible to, the public.

The initial development phase has focused on Australia and New Zealand, however discussions have already commenced for the adoption of the APIR® methods in other financial services industries in the region.

The Participant APIR® Code, Product APIR® Code and SPIN consist of nine alpha/numeric characters; the last two characters are the ISO 3166-2 country code for the country in which (i) the Participant is legally domiciled or (ii) the Product is registered.

Participant APIR® Codes, Product APIR® Codes and SPINs are used widely throughout the financial services industry and in the media to improve information flow and business processing.

  • PDS and other marketing documents
  • Pricing tables
  • Automated transaction processing
  • Aggregation and confirmations
  • Investor account statements
  • Performance reports
  • Distribution advices
  • Commission statements

Annual Maintenance fees are for the annual re-registration and directory administration for all your codes, including: Participant APIR® Codes, Product APIR® Codes, SPINs and ISINs. This also includes any changes that may occur to your participant or products during the year e.g. name changes, entity changes etc. Annual maintenance period is from 1 July to 30 June and the fees are charged in advance.

Product Archives are charged separately, see 10 for more information.

The one-off archival fee per code covers the ongoing maintenance of archived products. APIR® maintains all codes for 'life' on the APIR® database. Whilst the code will no longer be visible on the public website or included in any data file transfers, many users in the industry require access to data on archived products e.g. ATO, Centrelink, Accountants, Estate Managers, Financial Planners etc. This access is managed on an individual basis through our Client Services area.

No. APIR® Codes are issued for the 'life' of a Participant and/or Product. Example of common scenarios are listed below:

  • The Responsible Entity has had a name change
  • The product has had a name change
  • The Responsible Entity or Trustee of a product changes

The Participant and/or Product APIR Codes will remain the same under any circumstances including the ones listed above.

The Participant APIR® Code, Product APIR® Code or SPIN will normally be issued within ten (10) business days* from the time APIR® receives the payment for the application. For Participant or Product changes (other than archival), it will be within ten (10) business days* from receipt of complete application form.

Large bulk applications may take longer and APIR® will contact the Participant to notify them of the expected completion date.

To fast track an application, please contact APIR®.

*If you are a PriorityFirst client, turnaround time is five (5) business days.

Once APIR® processes the application, the APIR® Code will be sent to the individual and the contact person listed on the application form via email (if different).
As soon as the application passes an initial pre-checking process, APIR® will email a tax invoice to the contact person who sent across the application.

You should receive your APIR® Code within ten (10) business days of APIR® receiving payment for the application (where applicable). As soon as the tax invoice is emailed to the client, your application will go through the validation process. Validation questions will be raised as part of the process, if there's any.

If you do not receive an invoice within 2 business days of application lodgement, or have any queries regarding your application, please contact APIR®.

Our research indicated that PIC for product codes and PRI for participant codes in the industry are widely recognised but are almost universally published as APIR® Code and this is reflected in the new naming convention for a product and participant code.
Yes, you do. The change in naming does not change the fact that our codes are the industry standard to identify products and, importantly, the relationships and roles of participants related to a product. Examples include a Responsible Entity, Trustee, and Administrator. Without an APIR® code, the industry cannot unambiguously identify the association between your business and/or role and your products. This is essential in research, transactions, reporting, and distribution.
A Participant APIR® Code is a unique code used to uniquely identify participants within the financial services industry and remains unchanged for the 'life' of the individual or business structure. These may be either organisations or individuals, such as Responsible Entity, Trustee, Administrator, Dealer Group, Financial Planning group, Financial Planner, Stockbroker and Financial Researcher.
Participants include organisations or individuals conducting financial activities that are subject to regulation. These include Government Departments, Statutory bodies, Life Insurance Companies, Dealers, Brokers, Investment Managers, Proper Authority Holders, Insurance Agents, Finance Brokers Representatives, Accountants, Lawyers, Stockbrokers and others who need to be uniquely identified in transactions or messages.
No. Participant APIR® Codes are issued for the 'life' of an entity. Even if the company's name changes, the Participant APIR® Code will remain the same.
A Product APIR® Code is a unique code used to identify a financial services product and remains unchanged for the 'life' of the product.
The person completing the application form must be a duly Authorised Person of the Organisation. They must have administrative rights to this product's details, which means they have authorisation to register the product(s) and change details about the product(s).

The APIR® Code provides a standardised method of identifying and cross-referencing unlisted investment products, including superannuation funds, for use in e-commerce and open systems data exchange. FSC (Financial Services Council) recommends the use of the APIR® Code to its members as the industry standard product identifier.

The Product APIR® Code is very widely used within the financial services industry in Australia and increasingly in New Zealand. Major systems managers, administrators, clearing houses, wrap platforms, custodians, researchers and data suppliers use the APIR® Code.

A Product APIR® Code can be allocated to any unlisted investment approved for distribution to the public, superannuation fund and wholesale investment pools that are accessed by other funds or which in any other way form part of an investment that has public participation.

While investments traditionally listed on a Stock Exchange have not normally been listed by APIR®, new generation products that are offered in both the listed and unlisted markets are increasingly being coded by APIR®.

In addition to the APIR® Code, each product is allocated a Shortened Name and an Abbreviated Name. We have found that software and data providers have a requirement to include shortened or abbreviated identification in performance tables, portfolio reports and data transfers. Sometimes the APIR® Code is insufficient but a Full Name is not appropriate. Under such circumstances the Shortened Name or Abbreviated Name is available.

An example of a Product APIR® Code with the product's Full Name is shown below:
Product APIR® Code ETL0109AU
Product Name EQT Emerging Companies Fund

Some retail superannuation funds offer member choice using a wrap administration service. Instead of using the traditional master trust method of striking their own prices for each investment option, these funds use the pricing of the underlying investments and add on their fees and charges, leaving the pricing disaggregated.

These superannuation funds therefore do not code their individual investment options but use the APIR® Code for the underlying asset.

A SPIN is a unique code used to identify a SPIN level Superannuation product and remains unchanged for the 'life' of the product. SPIN is an ATO-approved Unique Superannuation Identifier (USI) for use in SuperStream.
A SPIN level product is the marketing name of the Superannuation product and is the level at which a superannuation fund's bank account is held. This is usually a Division of a Fund that has the Registrable Superannuation Entity (RSE) Number, the Australian Business Number (ABN) and the Trust Deed.
All Public, Corporate & Industry Superannuation Funds.

The SPIN for each Product should be published widely at the earliest opportunity to facilitate transfers between funds. Once you receive the SPINs from APIR®, the SPIN should be:

  • Published on Offer Documentation for New Members (eg. Prospectuses, etc.)
  • Printed on all forms (eg. Application Forms, Transfer Forms, ETP Rollover Advice Statements, etc.)
  • Printed on all material to distributors (eg. Agents, Financial Planners, etc.)
  • Sent to Trading Partners.

Source: extracted from SPIN Guidelines.

You can find out more about SPIN by viewing the SPIN guidelines available on the APIR® website. Please click here to view the SPIN Guidelines.
No. Self-Managed Super Funds (SMSFs) do not require a SPIN.
If you would like to know if your Superfund has a SPIN and what that SPIN is, you can use the SPIN Register facility. The SPIN Register allows you to search by the name of your fund, and if you don't have that information, you can search by the name of the superannuation provider.
APIR® identifies, maps and issues unique codes for products and participants in the financial services industry.
When a Managed Investment Scheme is registered with the Australian Securities and Investments Commission (ASIC), it is issued an Australian Registered Scheme Number (ARSN).
When a Superannuation fund is registered with the Australian Prudential Regulation Authority (APRA), it is issued a Registrable Superannuation Entity (RSE) Number.
ISIN stands for International Securities Identification Number. ISINs uniquely identify securities including bonds, commercial paper, equities and warrants.

In 2004, ASX appointed APIR® Systems Limited as a sub-numbering agency for the allocation of International Securities Identification Numbers (ISINs). APIR® allocates ISINs to Collective Investment Vehicle products which are:

  • products of issuers domiciled in Australia
  • not traded on the ASX or any other stock exchange
  • products for which APIR-assigned Product APIR® Codes or SPIN are recognised by the Financial Services Council (FSC) as the industry standard identifier in Australia.

ISINs are used internationally for product identification purposes.

Yes. When details about a participant or product changes, it is important that you inform APIR® to ensure the information available on the Directories is updated and stays current. You must also inform APIR® of the effective dates for the changes that occurred.

Changes made to Participant or Product APIR Code are covered by the annual maintenance fee. If you do not pay your annual maintenance fees, these changes can't be made and will result in out-of-date information being displayed on our website and supplied in APIR's data feeds.

The termination of a participant or product incurs a one-off archival fee, additional to annual maintenance fees, see 10.

This service provides you with the most comprehensive set of product reference data on managed funds and superannuation products, available within the Australian wealth management industry.

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