Financial Sector (Collection of Data) Act 2001 Exemption (George Street Finance Pty Limited) (Cth)

Exemption

Financial Sector (Collection of Data) Act 2001

SINCE

A.        George Street Finance Pty Limited ABN 46 110 398 911 (the Corporation) is a financial sector entity within the meaning of subsection 5(2) of the Financial Sector (Collection of Data) Act 2001 (the Act); and

B. APRA has determined the reporting standards specified in the attached Schedule (the Exempted Reporting Standards) under section 13 of the Act that must be complied with by financial sector entities; and

C.        The information which would be reportable by the Corporation under the Exempted Reporting Standards is already reported by the Corporation to the Australian Bureau of Statistics;

I, Darryl Roberts, a delegate of APRA, under paragraph 16(1)(a) of the Act, EXEMPT the Corporation from the requirement to comply with all the requirements contained in the Exempted Reporting Standards.

Dated 6 July 2005

[signed]

Darryl Roberts

Acting Executive General Manager

Supervisory Support Division

Interpretation

In this Notice

APRA means the Australian Prudential Regulation Authority.

Note 1   Under subsection 16(1) of the Act, APRA may, by writing, exempt a financial sector entity, or a class or kind of financial sector entities, from the requirement to comply with all the requirements contained in any one or more applicable reporting standards, or a specified requirement or requirements contained in an applicable reporting standard or applicable reporting standards.

Note 2 Under subsection 16(2) of the Act, an exemption may be unconditional or subject to conditions and may be of indefinite duration or limited in the time of its operation.

Note 3 Under subsection 16(3) of the Act, an exemption under subsection 16(1) is a disallowable instrument for the purposes of section 46A of the Acts Interpretation Act 1901 and, by virtue of paragraph 6(d)(i) of the Legislative Instruments Act 2003 (LIA) an exemption under subsection 16(1) is a legislative instrument for the purposes of the LIA.

Schedule – reporting standards

RRS 320.0 Statement of Financial Position (Domestic Books)

RRS320.1 Debt Securities Held

RRS 320.2 Equity Securities Held

RRS320.3 Debt Securities on Issue

RRS 320.4 Accepted and Endorsed Bills

RRS 320.5 Securities Subject to Repurchase & Resale & Stock Lending & Borrowing

RRS331.0 Selected Revenues and Expenses

RRS 332.0 Statement of Economic Activity

RRS 391.0 Commercial Finance

RRS 392.0 Housing Finance

RRS 393.0 Lease Finance

RRS 394.0 Personal Finance

RRS 231.1a International Exposures – Locational (Assets) Part 1

RRS 231.1b International Exposures – Locational (Liabilities) Part 1

RRS 231.2 International Exposures – Locational Data Part 2

RRS 231.3a International Exposures – Consolidated Data (Domestic Entity)

RRS 231.3b International Exposures – Consolidated Data (Foreign Entity)