Statutory
Rules
1978
No. 115
REGULATIONS UNDER THE
FINANCIAL CORPORATIONS ACT 1974*
I, THE GOVERNOR-GENERAL
of the Commonwealth of Australia, acting with the advice of the Federal
Executive Council, hereby make the following Regulations under the Financial Corporations Act 1974.
Dated
this seventh day of July 1978.
ZELMAN
COWEN
Governor-General
By His
Excellency’s Command,
WAL. FIFE
Minister of State for Business and
Consumer Affairs
for and on behalf of
the Treasurer
AMENDMENTS OF THE
FINANCIAL CORPORATIONS (STATISTICS) REGULATIONS
Commencement
1. These Regulations shall come into operation on 31
July 1978.
2. After
Part IV of the Financial Corporations (Statistics) Regulations the following
Part is inserted:
“ PART V—SUPPLEMENTARY
STATEMENTS
Building Society’s Supplementary Statement
“ 13. Where under Part II—
(a) a corporation (being a corporation that is included in the
category for building societies) furnishes to the Reserve Bank and to the
Statistician a statement referred to in sub-regulation 4 (1); or
(b) 2 or more such corporations so furnish a single statement of
that kind,
that corporation, or
those corporations, shall furnish with that statement a Building Society’s
Supplement to the Periodical Statement of Financial Operations, Assets and
Selected Liabilities in accordance with Form. 6 in the Schedule.”.
* Notified
in the Commonwealth of Australia Gazette on 11 July 1978.
Statutory Rules 1976, No. 101 as amended by Statutory Rules 1976, No. 168; and
1977, No. 151.
The Schedule
3. The Schedule to the Financial
Corporations (Statistics) Regulations is amended by adding at the end thereof
the fallowing form:
Form 6 Regulation
13
Commonwealth of Australia
Financial
Corporations Act 1974
BUILDING
SOCIETY’S SUPPLEMENT TO THE PERIODICAL STATEMENT OF FINANCIAL OPERATIONS,
ASSETS AND SELECTED LIABILITIES AS AT
/ /19 .
Name of Registered Corporation………………………………………….
General Directions
1. For
the purpose of preparing this statement—
(a) a
reference to a bank is to be read as a reference to—
(i) a bank within the meaning of the Banking Act 1959;
or
(ii) a
bank constituted by a State Act;
(b) a reference to a statistical period is to be read as a
reference to the first statistical period, or a successive statistical period,
as the case requires, within the meaning of regulation 4;
(c) a
reference to a resident is to be read as a reference to—
(i) a
person, not being a body corporate, who is ordinarily resident in Australia; or
(ii) a
body corporate that is incorporated in Australia;
(d) where a body corporate that is a resident has a place of
business outside Australia, the body corporate shall be deemed not to be
resident in relation to the affairs of the body corporate conducted by the body
corporate at or through that place of business, including any business carried
on, transactions entered into and acts and things done by the body corporate at
or through that place of business;
(e) where a body corporate that is not a resident has a place of
business in Australia, the body corporate shall be deemed to be a resident in
relation to the affairs of the body corporate conducted by the body corporate
at or through that place of business, including any business carried on,
transactions entered into and acts and things done by the body corporate at or
through that place of business; and
(f) the question
whether corporations are related to each other shall be determined in the same
manner as the question whether corporations are related to each other is
determined under the Companies Ordinance 1962 of the Australian Capital
Territory as amended.
2. All amounts entered in this statement are to be expressed in
Australian currency. If an amount in respect of an asset or liability
realizable or payable in a currency other than Australian currency is to
constitute or be included in any amount entered in an item in the statement,
the value of the asset or liability is to be included in the statement at the
equivalent in Australian currency calculated at the rate of exchange used in
determining the value of the asset or liability for the accounts of the corporation
as those accounts stood at the end of the statistical period.
3. For
the purpose of completing this statement —
(a) an amount that
would, but for this direction, be shown as an amount of less than $500 shall be
disregarded;
(b) an amount that would, but for this direction, be shown as an
odd multiple of $500 shall be shown to the next succeeding multiple of $1,000;
and
(c) other amounts
shall be shown to the nearest $1,000.
4. A reference in Part. I, II or III to a direction shall be read
as a reference to a special direction.
Form
6—continued
Part I
Financial Operations
$‘000 | Special Directions |
1. AMOUNT OF INTEREST AND DIVIDENDS CREDITED TO DEPOSITORS’ AND
SHAREHOLDERS’ ACCOUNTS DURING THE STATISTICAL PERIOD
| ............................ |
Part II |
Assets and Selected Liabilities |
Division
1—Borrowings at the end
of the statistical period |
2. BORROWINGS BY THE CORPORATION FROM RESIDENTS OTHER THAN
BORROWINGS FROM BANKS AND RELATED CORPORATIONS AND BORROWINGS MADE BY THE
ACCEPTANCE OF BILLS OF EXCHANGE
|
(1) Borrowings made by the issue of
withdrawable shares (See Direction 1) .......................................................................
| ............................ | 1.
Include only moneys received for the issue of shares that are moneys available to shareholders for
individual withdrawal by them.
|
(2) Unsecured borrowings, classified by
remaining period to maturity or period of notice required for the withdrawal
of funds (See Direction 2)
| ............................ | 2.
Borrowings which become repayable at call or upon the giving of a specified
period of notice after the expiration of a specified term are to be
classified according to the minimum period for withdrawal of the funds.
|
(a) at call (See Direction 3)..........................................................................
| ............................ | 3. Include borrowings
with no fixed term or notice provisions. |
(b) not exceeding 3 months but not at
call ..........................................................................
| ............................ |
(c) exceeding 3 months but not
exceeding 6 months..........................................................................
| ............................ |
(d) exceeding 6 months but not
exceeding 1 year..........................................................................
| ............................ |
(e) exceeding 1 year ..........................................................................
| ............................ |
(3) Other borrowings
| ............................ |
Total of item 2 ..........................................................................
|
Division 2—Assets
at the end of the statistical period |
3. BANK DEPOSITS OTHER THAN MONEYS DEPOSITED IN CURRENT ACCOUNTS
OR UNDER CERTIFICATES OF DEPOSIT, classified by remaining period to maturity:
|
(1) not exceeding 3 months ..........................................................................
| ............................ |
(2) exceeding 3 months ..........................................................................
| ............................ |
Total of item 3..........................................................................
| ............................ |
4. BILLS OF EXCHANGE AND PROMISSORY NOTES DISCOUNTED AND HELD
|
(1) Bills of exchange which have been
accepted or endorsed by a bank ................................................................
| ............................
|
(2) Others ..................................................................... | ............................
|
Total of item 4 .............................................................. |
5. LIQUID ASSETS
| ............................
|
4. Show the interest rates that, as at
the end of the statistical period, were the rates normally applicable in
respect of new transactions of the classes specified.
|
5.
(1) Do not include particulars of interest rates applicable in respect of
deposits in contractual savings accounts.
|
(2)
Make separate entries for each range of deposit or share-holding sizes in
respect of which a particular rate of interest applies by reason of the size
of the deposits or shareholdings in that range.
|
(3)
Where different rates of interest apply in respect of deposits or
shareholdings within a range of deposit or shareholding sizes of the kind
specified in sub-direction (2) by reason of the period of notice for
withdrawal required in relation to the deposits or shares, make separate
entries in respect of each such period of notice required for withdrawal.
|
Part III
Interest Rates
(See
Direction 4)
6. INTEREST RATES APPLICABLE IN RESPECT OF BORROWINGS
(1)
Interest rates applicable in respect of withdrawable shares or deposits with no
fixed term (See Direction 5)
Range of
deposit or shareholding sizes | Period of
notice required for withdrawal | Interest rate
(per cent per annum) |
Form 6—continued |
|
(2)
Interest rates applicable in respect of fixed term deposits (See Direction 6) Range of deposit sizes
| Terms of deposits
| Interest rate (per cent per annum)
|
7. INTEREST RATES APPLICABLE IN RESPECT OF LOANS (See Direction 7) (1) (a) Interest rates applicable in respect of loans to
individuals on the security of first mortgages to finance housing (See
Direction 8)
Range of loan sizes
| Description of interest rate
applicable (flat or nominal)
| Interest rate (per cent per annum)
| Frequency of repayment instalments
|
| Special Directions 6.
(1) Make separate entries for each range of deposit sizes in respect of which
a particular rate of interest applies by reason of the sizes of the deposits
in that range. (2)
Where different rates of interest apply in respect of deposits within a range
of deposit sizes of the kind specified in sub-direction (1) by reason of the
terms of the deposits, make separate entries in respect of each term, or
range of terms, of deposit within that range of deposit sizes to which a
different rate of interest applies by reason of the term, or range of terms,
of deposit. 7.
(1) Interest rates are to be shown as nominal rates per cent per annum or
flat rates per cent per annum. (2)
For the purposes of completing item 7— (a)
where under the terms and conditions of a loan a single fixed amount of
interest is specified as the total amount of interest payable in respect of
the loan, the rate of interest that is to be shown as the rate of interest
applicable to the loan is the rate of interest that was applied by the lender
for the purpose of calculating that fixed amount of interest; (b)
where under the terms and conditions of a loan— (i)
no repayment of principal is permitted or required to be made during the term
of the loan; (ii)
no repayment of principal, other than a single repayment of the whole of the
principal, is permitted during the term of the loan; or (iii)
regard may not be had in calculating interest to any repayment that is
permitted or required to be made during the term of the loan,
the
rate of interest applied in calculating the interest payable in respect of
the principal, or the principal and accrued interest, as the case may be,
shall be treated as a flat rate of interest; (c)
where under the terms and conditions of a loan— (i)
repayment of the whole or any part of the principal is required to be made
during the term of the loan; and (ii)
interest is calculated by applying a rate of interest to as much of the
principal, or the principal and accrued interest, as may be outstanding at
specified times during the term of the loan.
that rate of interest shall be treated as a nominal
rate of interest; and
|
(b) Rests at which
interest is calculated on the loans referred to in paragraph (a) (for example monthly,
quarterly, annually)
| ................ | (d) where interest
payable in respect of a loan is calculated in accordance with a percentage
per period of less than a year, a reference to the annual rate of interest in
respect of that loan shall be read as a reference to the rate of interest
ascertained by multiplying that percentage by the number of such periods in a
year (including a fraction). 8.
(1) Show the interest rates applicable in respect of loans made to
individuals on the security of first mortgages for the purchase or
construction of houses, flats or home units intended for occupation by those
individuals or for making alterations or additions to existing housing
occupied by those individuals. (2)
Where different rates of interest apply to loans by reason of the loans
falling within different ranges of loan sizes make separate entries for each
such range of loan sizes.
9.
(1) Make separate entries for each different range of loan sizes in respect
of which different rates of interest apply by reason of the sizes of the
loans. (2)
Where different rates of interest apply in respect of loans falling within a
range of loan sizes of the kind specified in sub-direction (1) by reason of
the purposes for which the loans were made, make separate entries in respect
of loans for each such purpose.
|
(2)
(a) Interest rates applicable in respect of other loans (See Direction 9) |
Range of loan sizes | Purpose of loan | Description of interest rate applicable
(flat or nominal) | Interest
rate (per cent per annum) | Frequency of repayment instalments |
b) Rests at which interest is calculated on the
loans referred to in paragraph (a) (for example monthly, quarterly, annually)……
| ................ |