Financial Sector (Collection of Data) determination No. 89 of 2005 Reporting Standard ARS 321.0 (2005) Statement of Financial Position (Offshore Operations) (Cth)

Financial Sector (Collection of Data) determination No. 89 of 2005

Reporting Standard ARS 321.0 (2005)

Financial Sector (Collection of Data) Act 2001

I, Wayne Stephen Byres, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (‘the Act’) MAKE the reporting standard set out in the Schedule, which applies to the financial sector entities referred to in paragraph 2 of the reporting standard.
Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply those financial sector entities on the date of registration on the Federal Register of Legislative Instruments.
Dated 27 July 2005
[Signed]
Wayne Byres
Executive General Manager
Diversified Institutions Division
APRA
Interpretation

In this Notice

APRA means the Australian Prudential Regulation Authority.

Schedule

Reporting Standard ARS 321.0 (2005)

Statement of Financial Position (Offshore Operations)
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires all locally-incorporated banks and locally-incorporated special service providers to report to APRA, generally on a quarterly basis, in relation to their statement of financial position (offshore operations).
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
·Form ARF 321.0 Statement of Financial Position (Offshore Operations) (Form ARF 321.0) and the instructions to that form (all of which are attached and form part of this reporting standard).

Purpose

Data collected in Form ARF 321.0 is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.
Application and commencement
This reporting standard will apply, from the date of registration on the Federal Register of Legislative Instruments, to locally-incorporated banks and locally-incorporated special service providers.
Information required
A relevant ADI must provide APRA with the information required by Form ARF 321.0 for each reporting period.
Forms and method of submission
The information required by this reporting standard must be given to APRA either:
(a)in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b)manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 6, a relevant ADI must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this reporting standard more frequently, or less frequently, having regard to:
(a)the particular circumstances of the ADI;
(b)the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c)the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
The information required by this reporting standard must be provided to APRA by 20 business days after the end of the reporting period to which it relates.
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
The information provided by an ADI under this reporting standard must be the product of processes and controls that have been reviewed and tested by the external auditor of the ADI. AGS 1008 ‘Audit Implications of Prudential Reporting Requirements for Authorised Deposit-taking Institutions’, issued by the Auditing and Assurances Standards Board of the Australian Accounting Research Foundation, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if necessary to enable the external auditor to form an opinion on the accuracy and reliability of the data.
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
Authorisation
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:

(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (whatever his or her official title may be).
Minor alterations to forms and instructions

APRA may make minor variations to:

(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.

If APRA makes such a variation it must notify in writing each ADI that is required to report under this reporting standard.
Transitional
If the due date for lodgement in respect of a reporting period is a day after the date of registration of this reporting standard on the Federal Register of Legislative Instruments, an ADI must report under this reporting standard in respect of that reporting period (including where the reporting period ended before the date of registration).
Interpretation - classifications of ADIs
In this reporting standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
ADI list means the attached ADI list.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
locally-incorporated special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
relevant ADI means an ADI covered by paragraph 2 of this reporting standard.
If an ADI is not in the ADI list, then if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard.
APRA may in writing determine that an ADI is taken to be a locally-incorporated bank or a locally-incorporated special service provider for the purposes of this reporting standard (even if, under paragraph 16 or 17, it comes within a different classification).
Interpretation - other definitions
In this reporting standard:
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.
reporting period means a reporting period under paragraph 5 or, if applicable, paragraph 6.

The ADI list
Australian-owned Banks

Adelaide Bank Limited
AMP Bank Limited
Australia and New Zealand Banking Group Limited
Bank of Queensland Limited
Bendigo Bank Limited
Commonwealth Bank of Australia
Commonwealth Development Bank of Australia Limited (a subsidiary of Commonwealth Bank of Australia)
Elders Rural Bank Limited
Macquarie Bank Limited
Members Equity Bank Pty Limited
National Australia Bank Limited
St George Bank Limited
Suncorp-Metway Limited
Westpac Banking Corporation
Foreign Subsidiary Banks
Arab Bank Australia Limited
Bank of Cyprus Australia Pty Limited
BankWest (the trading name of Bank of Western Australia Limited, a foreign subsidiary bank following its sale to Bank of Scotland in December 1995)
Citibank Pty Limited (a subsidiary of Citibank N.A.)
HSBC Bank Australia Limited
ING Bank (Australia) Limited
Investec Bank (Australia) Limited
Laiki Bank (Australia) Limited
NM Rothschild & Sons (Australia) Limited
Rabobank Australia Limited (a subsidiary of Rabobank Nederland from October 1994)
Branches of Foreign Banks
ABN AMRO Bank N.V.
Bank of America, National Association
Bank of China (subject to depositor protection provisions of the Banking Act 1959)
Bank of Tokyo-Mitsubishi, Ltd
Barclays Capital (the trading name of Barclays Bank plc)
BNP Paribas
Citibank N.A.
Credit Suisse
Deutsche Bank AG
HSBC Bank plc
ING Bank NV
JPMorgan Chase Bank, National Association
Mizuho Corporate Bank, Ltd
Oversea-Chinese Banking Corporation Limited
Rabobank Nederland (the trading name of Co-operative Central Raiffeisen-Boerenleenbank B.A.)
Royal Bank of Canada
Société Générale
Standard Chartered Bank
State Bank of India
State Street Bank and Trust Company
The International Commercial Bank of China
The Royal Bank of Scotland Plc
The Toronto-Dominion Bank
Taiwan Business Bank
UBS AG
United Overseas Bank Limited
WestLB AG
Building Societies
ABS Building Society Ltd
B & E Ltd
Greater Building Society Ltd
Heritage Building Society Limited
Home Building Society Ltd
Hume Building Society Ltd
IMB Ltd
Lifeplan Australia Building Society Limited
Mackay Permanent Building Society Ltd
Maitland Mutual Building Society Limited
Newcastle Permanent Building Society Ltd
Pioneer Permanent Building Society Limited
The Rock Building Society Limited
Wide Bay Australia Ltd
Credit Unions
Amcor Credit Co-operative Limited
AMP Employees' & Agents Credit Union Limited
Austral Credit Union Limited
Australian Central Credit Union Limited
Australian Defence Credit Union Ltd
Australian National Credit Union Limited
AWA Credit Union Limited
Bananacoast Community Credit Union Ltd
Bankstown City Credit Union Ltd
Berrima District Credit Union Ltd
Big River Credit Union Ltd
Big Sky Credit Union Ltd
Blue Mountains and Riverlands Community Credit Union Ltd
Broadway Credit Union Ltd
Calare Credit Union Ltd
Capital Credit Union Ltd
Capricornia Credit Union Ltd
Carboy (SA) Credit Union Limited
Central Murray Credit Union Limited
Central West Credit Union Limited
Circle Credit Co-operative Limited
Coastline Credit Union Limited
Collie Miners Credit Union Ltd
Combined Australian Petroleum Employees' Credit Union Ltd
Community Alliance Credit Union Limited
Community First Credit Union Limited
Companion Credit Union Limited
Comtax Credit Union Limited
Connect Credit Union of Tasmania Limited
Country First Credit Union Ltd
CPS Credit Union (SA) Ltd
CPS Credit Union Co-operative (ACT) Limited
Credit Union Australia Ltd
Credit Union Home Loans Australia Limited
Credit Union Incitec Pivot Limited
Croatian Community Credit Union Limited
CSR and Rinker Employees Credit Union Limited
Dairy Farmers Credit Union Ltd
Dana Employees Credit Union
Defence Force Credit Union Limited
Discovery Credit Union Ltd
Dnister Ukrainian Credit Co-operative Limited
ELCOM Credit Union Ltd
Electricity Credit Union Ltd
Encompass Credit Union Limited
Ericsson Employees Credit Co-operative Limited
Esso Employees' Credit Union Ltd
Eurobodalla Credit Union Ltd
Family First Credit Union Limited
Fire Brigades Employees' Credit Union Limited
Fire Service Credit Union Limited
Firefighters & Affiliates Credit Co-operative Limited
First Pacific Credit Union Limited
Fitzroy & Carlton Community Credit Co-operative Limited
Flying Horse Credit Union Co-operative Limited
Ford Co-operative Credit Society Limited
Gateway Credit Union Ltd
Geelong & District Credit Co-operative Society Limited
GMH (Employees) Q.W.L. Credit Co-operative Limited
Goldfields Credit Union Ltd
Gosford City Credit Union Ltd
Goulburn Murray Credit Union Co-operative Limited
H.M.C. Staff Credit Union Ltd
Heritage Isle Credit Union Limited
Hibernian Credit Union Limited
Holiday Coast Credit Union Ltd
Horizon Credit Union Ltd
Hoverla Ukrainian Credit Co-operative Ltd
Hunter Mutual Limited
Hunter United Employees' Credit Union Limited
Industries Mutual Credit Union Limited
Intech Credit Union Limited
Island State Credit Union Ltd
Karpaty Ukrainian Credit Union Limited
La Trobe Country Credit Co-operative Limited
La Trobe University Credit Union Co-operative Limited
Laboratories Credit Union Ltd
Latvian Australian Credit Co-operative Society Limited
Lithuanian Co-operative Society (Talka) Limited
Lysaght Credit Union Ltd
M.S.B. Credit Union Limited
MacArthur Credit Union Ltd
Macaulay Community Credit Co-operative Limited
Macquarie Credit Union Limited
Maleny and District Community Credit Union Limited
Manly Warringah Credit Union Ltd
Maritime Workers of Australia Credit Union Ltd
Maroondah Credit Union Ltd
MECU Limited
Media Credit Union Queensland Ltd
Melbourne University Credit Union Limited
Memberfirst Credit Union Limited
N.R.M.A. Employees' Credit Union Ltd
NACOS Credit Union Limited
New England Credit Union Ltd
Newcom Colliery Employees' Credit Union Ltd
North East Credit Union Co-operative Limited
Northern Inland Credit Union Ltd
Nova Credit Union Limited
NSW Teachers Credit Union Ltd
Old Gold Credit Union Co-operative Limited
Orana Credit Union Ltd
Orange Credit Union Limited
Phoenix (NSW) Credit Union Ltd
Pinnacle Credit Union Limited
Plenty Credit Co-operative Limited
Police & Nurses Credit Society Limited
Police Association Credit Co-operative Limited
Police Credit Union Limited
Polish Community Credit Union Ltd
Power Credit Union Limited
Powerstate Credit Union Ltd
Prospect Credit Union Limited
Pulse Credit Union Limited
Qantas Staff Credit Union Limited
Queensland Community Credit Union Limited
Queensland Country Credit Union Ltd
Queensland Police Credit Union Limited
Queensland Professional Credit Union Ltd
Queensland Teachers' Credit Union Limited
Queenslanders Credit Union Limited
RACV Credit Union Limited
Railways Credit Union Limited
Randwick Credit Union Limited
RegionalOne Credit Union Limited
Reliance Credit Union Ltd
Resources Credit Union Limited
RTA Staff Credit Union Limited
Satisfac Direct Credit Union Limited
Savings and Loans Credit Union (S.A.) Ltd
Security Credit Union Ltd
Select Credit Union Ltd
Service One Credit Union Ltd
SGE Credit Union Ltd
Shell Employees' Credit Union Limited
Shoalhaven Paper Mill Employee's Credit Union Ltd
South West Slopes Credit Union Ltd
Southern Cross Credit Union Limited
South-West Credit Union Co-operative Limited
St Mary's Swan Hill Co-operative Credit Society Limited
St Patrick's Mentone Co-operative Credit Society Limited
Statewest Credit Society Limited
Sutherland Credit Union Ltd
Sutherland Shire Council Employees' Credit Union Ltd
Sydney Credit Union Ltd
TAB Credit Union Limited
Tartan Credit Union Ltd
The Broken Hill Community Credit Union Ltd
The Gympie Credit Union Ltd
The Police Department Employees' Credit Union Limited
The Summerland Credit Union Limited
The TAFE and Community Credit Union Limited
The University Credit Society Limited
Traditional Credit Union Limited
TransComm Credit Co-operative Limited
Uni Credit Union Ltd
United Credit Union Limited
Victoria Teachers Credit Union Limited
Wagga Mutual Credit Union Ltd
Warwick Credit Union Ltd
WAW Credit Union Co-operative Limited
Westax Credit Society Ltd
Western City Credit Union Ltd
Woolworths/Safeway Employees' Credit Co-operative Limited
Wyong Council Credit Union Ltd
Yennora Credit Union Ltd
Specialist Credit Card Institutions (SCCIs)
Foreign-owned SCCIs
GE Capital Finance Australia
GE Finance Australasia Pty Ltd
Locally Incorporated SCCIs
MoneySwitch Limited
Other ADIs
These companies are run by industry bodies and provide services (e.g. payments clearing) to member building societies and credit unions.
Australian Settlements Limited
Credit Union Services Corporation (Australia) Limited
Creditlink Services Limited
One ADI that provides general banking services which does not fall into the other categories.
Cairns Penny Savings & Loans Limited

Reporting Form ARF 321.0
Statement of Financial Position (Offshore Operations)
Instruction Guide
This Instruction Guide is designed to assist you to complete the Statement of Financial Position for the Offshore Operations reporting entity.
General directions and notes
Reporting entity
The Statement of Financial Position (Offshore Operations) form is to be completed by all locally incorporated banks and Special Service Providers.
Foreign ADIs operating through branches in Australia are not required to complete this form.
Reporting period
The form is to be completed as at the last day of the stated reporting quarter. Locally incorporated banks and Special Service Providers should submit the completed form to APRA within 20 business days after the end of the relevant reporting quarter.
Unit of measurement
Banks are asked to complete the form in millions of Australian dollars rounded to one decimal place. Special Service Providers are asked to complete the form in whole Australian dollars (no decimal place).
Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 1012 ‘Foreign Currency Translation’.
The general requirements of AASB 1012 for translation are:

Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date.
Other items outstanding at the reporting date must not be retranslated subsequent to initial recognition of the transaction.
Monetary items are defined to mean money held and assets and liabilities that are to be received or paid in fixed or determinable amounts of money.
Monetary items arising under foreign currency derivative contracts at the reporting date must be translated as follows:

Where the exchange rate is fixed in the contract, at that fixed exchange rate; and
Where the exchange rate varies, at the spot rate at the reporting date.
Netting
Unless otherwise specifically stated, institutions are allowed to take advantage of netting agreements in relation to disclosure of data items in this form. Institutions are to comply with the prerequisite for netting outlined in Australian accounting standards AASB 1014 ‘Set-off and Extinguishment of Debt’ and AASB 1033 ‘Presentation and Disclosure of Financial Instruments’.
Term to maturity
References to term to maturity in this form are references to residual term to maturity.
Basis of preparation
Unless otherwise specifically stated, institutions are to comply with Australian accounting standards regarding the measurement of asset, liability and equity items.
Classification schema
While this information is provided as a reference guide for the disclosure of the loans and advances portfolios and deposit portfolios as required in ARF 320.0 Statement of Financial Performance, it can be also be used as a general guide for other classifications in that form.
In defining sectors (refer below), the following three broad classifications are used:

Private/public classification

Private. The private sector comprises private corporations, households and non-profit institutions serving households; and
Public. The public sector comprises government-controlled corporations, general government units and non-profit institutions controlled by government.

Level of government classification
The Level of Government classification is:

National/Central;
State/Territory; and
Local.

Resident/non-resident classification

An Australian resident is any individual, business or other organisation domiciled in Australia. Australian branches and Australian subsidiaries of foreign businesses are regarded as Australian residents.
A non-resident is any individual, business or other organisation domiciled overseas. Foreign branches and foreign subsidiaries of Australian businesses are regarded as non-residents.
Sector definitions
Households
This comprises individuals, or groups of individuals whose dealings with other sectors are for personal or household purposes.
Exclude
Family trusts, sole proprietors, partnerships and any other unincorporated enterprises owned by households. Classify these as private unincorporated businesses.
Community service organisations
Include
Institutions financed mostly by members’ contributions, e.g. trade unions, professional societies, consumer associations, political parties, churches and religious societies, and social, cultural, recreational and sports clubs; and
Charities and aid organisations financed by voluntary transfers.
Exclude
Community service organisations and non-profit institutions controlled and mainly financed by government (include in general government).
Non-financial corporations
Private non-financial corporations
Private trading corporations
Private trading corporations are those owned and controlled by the private sector whose main activity is producing goods or non-financial services for sale.

Include
All resident private corporate trading enterprises, and non-profit institutions that are market producers of goods or non-financial services;
Intra-group financiers (Financial Sector (Collection of Data) Act 2001 category I), Retailers (Financial Sector (Collection of Data) Act 2001 category H) and parent companies with significant holdings of shares in private trading companies;
Privately owned schools and hospitals;
Any unincorporated unit that is a branch in Australia of a non-resident company and which is not included in the financial sector; and
Any unincorporated business owned and operated by trading corporations (e.g. joint ventures).
Exclude
Unincorporated businesses, except for branches of non-resident companies and joint ventures or partnerships owned by corporations; and
Non-resident enterprises.
Private unincorporated businesses
This comprises family trusts and individuals acting as sole proprietors or in partnerships, for commercial or professional purposes. The major businesses to be included in this sub-sector are unincorporated farms, unincorporated retailers, unincorporated professional practices (medical, legal, dental, accounting, etc.), unincorporated businesses of tradesmen such as plumbers, carpenters, etc.
Public non-financial corporations
Commonwealth Government
Trading enterprises owned by the Commonwealth are those businesses which are owned and controlled by the Commonwealth Government and which produce goods or non-financial services for sale at market prices.
Include
All resident trading enterprises owned 50% or more by the Commonwealth government or controlled by the Commonwealth government through legislation, decree or regulation (e.g. Telstra, Australia Post, and Australian Government Solicitor).
Exclude
Government departments (show as Commonwealth general government); and
Government owned financial institutions (these are classified as financial institutions).
State, territory and local government
State, territory and local government trading enterprises are those businesses, which are owned and controlled by state, territory or local governments, which produce goods or non-financial services for sale at market prices.
Include
All resident trading enterprises, owned 50% or more by a state, territory or local government or controlled by a state or territory government through legislation, decree or regulation (e.g. state rail and water authorities, gas and fuel authorities, housing commissions, port authorities, non-privatised power authorities)
Exclude
State government owned financial institutions and entities in the general government; and
State and territory central borrowing authorities.
Financial corporations
Central Bank
Reserve Bank of Australia
The Reserve Bank of Australia is a public financial corporation and has responsibility for monetary policy, issuing banknotes, holding Australia’s international reserves and providing banking services to the Commonwealth.
Other Central Bank Institutions
This sub-sector includes the Australian Prudential Regulation Authority (APRA).
Depository corporations
Banks
Banks refers to corporations, in relation to which an authority under subsection 9(3) is in force and which holds a consent under section 66 of the Banking Act 1959 to use the word bank.
Include
Development banks; and
Foreign banks licensed to operate in Australia under the Banking Act 1959.

Exclude
Merchant banks (record as non-bank financial intermediaries); and
Non-resident banks (report as non-resident counterparties).
Other ADIs
Other ADIs (authorised deposit-taking institutions) refers to corporations, in relation to which an authority under subsection 9(3) is in force, but which do not hold a consent under section 66 under the Banking Act 1959 to use the word bank.
Registered Financial Corporations
Registered Financial Corporations refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified to Categories D through G, and cash management trusts.
Include
Money market corporations (also referred to as "merchant banks") (D);
Pastoral finance companies (E);
Finance companies (F);
General financiers (G); and
Cash management trusts.
A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification are available on request.
Exclude
Intra group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 Category H and I (record as private trading corporations); and
Other financial corporations registered under the Financial Sector (Collection of Data) Act 2001 Category J (record as other financial institutions).
Insurance corporations and pension funds
Life insurance
Life insurance companies must be registered with the Australian Prudential Regulation Authority. They offer insurance for death or disability and also offer investment and superannuation products.

Include
Benefit fund friendly societies that are regulated under the Life Insurance Act 1995.
Exclude
Insurance companies offering house, car and marine insurance (these are general insurance companies); and
Health benefit funds of friendly societies that are regulated under the National Health Act 1959.
Pension Funds
The pension funds sub-sector includes all superannuation funds that are regarded as complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993 and other autonomous funds established for the benefit of public sector employees. Superannuation funds with all of their assets invested with insurance offices are included.
Superannuation funds and Approved Deposit Funds (ADFs) are established to provide benefits for their members on retirement, resignation, death or disablement. Superannuation funds and ADFs usually take the legal form of trust funds.
Include
Pooled Superannuation Trusts;
Public sector superannuation funds (including SIS-exempt funds);
Private sector superannuation funds;
Approved Deposit Funds; and
Superannuation funds established by life insurance companies.
Exclude
Retirement savings accounts.
Other insurance corporations
The other insurance corporations’ sub-sector includes all corporations that provide insurance other than life insurance. Included are general, fire, accident, employer liability, household and consumer credit insurers and health insurance funds. These companies must be registered with the Australian Prudential Regulation Authority. They mainly offer house, car and marine insurance.
Include
Export Finance Insurance Corporation; and
Private sector and government-owned general and health insurance enterprises both proprietary and mutual.
Central borrowing authorities
These are corporations established by State and Territory governments to provide finance for government authorities and to manage their surplus funds.
Include
New South Wales Treasury Corporation (NSW TCorp);
Treasury Corporation of Victoria (TCV);
Queensland Treasury Corporation (QTC);
South Australian Government Financing Authority (SAFA);
Western Australian Treasury Corporation (WATC);
Tasmanian Public Finance Corporation (Tas Corp);
Northern Territory Treasury Corporation (NT TCorp); and
ACT Treasury.
Other financial institutions
Financial auxiliaries
These are corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role.
Include
fund managers as principal;
stockbrokers;
insurance brokers; and
stock and derivative exchanges (e.g. ASX, SFE).
Financial intermediaries
Securitisers
These are financial vehicles that issue short and/or long-term securities (called asset-backed securities) using specifically selected assets (e.g. mortgages, receivables). They provide backing (collateral) for the securities and generate the payment streams necessary to fulfil interest and principal requirements for investors.
Unit trusts
Include
Mortgage, fixed interest and equity unit trusts.
Exclude
Cash management trusts. These are to be included in Registered Financial Corporations; and
Property and trading trusts include in private trading corporations.
Other financial intermediaries
Comprise all financial intermediaries other than central bank institutions, depository corporations, insurance corporations, pension funds, CBAs, securitisers and unit trusts.
Include
Economic development corporations owned by governments;
Co-operative housing societies;
Corporations registered in Category J of the Registered Financial Corporations (mainly credit union leagues);
Investment companies; and
Common funds including cash common funds.
General government
Commonwealth general government
Commonwealth government departments and agencies principal function is to provide non-market goods and services, principally financed by taxes, to regulate economic activity, maintain law and order and to redistribute income and wealth by means of transfers.
Include
Departments and agencies such as Department of Finance, Department of Defense, ABC, SBS, Australian Film Commission and CSIRO;
Commonwealth government unincorporated enterprises which provide goods and services to the Commonwealth government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, munitions factories);
Non-profit institutions controlled and mainly financed by the Commonwealth government;
Commonwealth government quasi-corporations which sell their output, at near market prices, exclusively to other government units (e.g. government printers and defence force housing schemes); and
Public universities.
Exclude
Government trading enterprises such as Telstra and Australia Post (record as Trading enterprises owned by the Commonwealth Government);
Departments of the ACT and Northern Territory governments (record as State, territory and local general government); and
Reserve Bank of Australia and Commonwealth Government financial institutions such as AIDC and EFIC (record as financial institutions as appropriate).
State, territory and local general government
State, territory and local general government provides non-market goods and services principally financed by taxes to regulate economic activity, maintain law and order and to redistribute income and wealth by means of transfers and hence provided free of charge or at nominal prices well below the cost of production.
Include
State and local government unincorporated enterprises which provide goods and services to their government and/or to the public for free or at prices that are not economically significant (e.g. government employee cafeterias, municipal swimming pools);
Non-profit institutions controlled and mainly financed by state and local government;
State government quasi-corporations which sell their output, at near market prices, exclusively to other government units (e.g. government printers);
ACT and Northern Territory Government departments and agencies; and
State schools, technical and further education colleges and state owned hospitals.
Exclude
All state and local government trading enterprises and financial enterprises (e.g. rail, and municipal water authorities); and
State and territory central borrowing authorities.
Rest of the world/non-residents
The rest of the world sector consists of all non-resident units that enter into transactions, or have other economic links, with Australian resident units. The concept of residence is based on the concept of the economic territory of a country rather than legal or political concepts. A non-resident unit is any individual, enterprise or other organisation ordinarily domiciled in a country other than Australia.
Include
Foreign branches and foreign subsidiaries of Australian enterprises; and
Residents of Norfolk Island and other external territories of Australia
Exclude
Australian branches or subsidiaries of an overseas company.
Other definitions
Personal refers to individuals, or groups of individuals whose dealings with other sectors are for personal (i.e. non-business) purposes.
Commercial refers to transactions conducted with Private trading companies, Public trading enterprises, Private unincorporated businesses, and Community service organisations, for use in connection with businesses carried on by them.
‘Parent entity’, ‘controlled entity’, ‘associated entity’. These terms are defined in accordance with AASB 1024 ‘Consolidated Accounts’ and AASB 1016 ‘Accounting for Investments in Associates’.

Specific instructions
Assets
Cash and liquid assets
Generally include the following in this category:
Australian notes and coin;
Foreign currency;
Cash at branches;
Cash at bankers;
Deposits at call;
Money at short call;
Exchange settlement accounts;
Securities purchased under agreement to resell;
Margin deposit accounts; and
Gold bullion.
Exclude the following from this reporting category:
Bills of exchange (reported as either a Trading Security or Investment Security);
Bills receivable and remittances in transit; and
Cheques received but not yet deposited.
This reporting item should be brought to account at the face value or the gross value of the outstanding balance where appropriate. Interest is taken to profit and loss when earned.
Notes and coins
Include Australian and foreign currency notes and coins of the reporting entity. Notes and coins in transit between any branches or offices of the reporting entity should be reported.

Deposits at call
Include all deposits with financial institutions that are available on demand. Report 11am accounts and 24-hour money. Exclude exchange settlement accounts.
Gold Bullion
Include
Gold coin;
Gold bullion held in Australia and elsewhere; and
Gold certificates held as investments.
Exclude
Loans repayable in gold bullion.
Due from clearing houses
Include net claims on recognised clearing houses such as the ASXCH and SFECH in Australia and offshore.
Securities purchased under agreements to resell
Where the transferee of the stock effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying stock is not effectively transferred), these transactions are to be accounted for as collateralised borrowing activities (treating stock borrowing as on balance sheet exposures). Securities purchased under agreements to resell, represents the receivable due from counterparties from whom the stock has been borrowed and with whom cash has been lodged. Under this method of accounting the banks physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected. This treatment is consistent with International Accounting Standard 39.
Due from financial institutions
Generally include the following in this reporting category:
settlement account balances – Austraclear and RITS balances with banks and non-bank financial institutions;
amounts owing from banks and other financial institutions in relation to the payments system;
items in the course of collection from banks and other financial institutions in relation to the payments system;
amounts due to the reporting entity in relation to an involvement in an overseas payment system;
securities sold not delivered/security settlements - record receivables for unsettled sales of securities. This item arises only if the reporting institution record securities on a settlement date basis as opposed to trade date basis; and
margin deposit accounts with brokers.
Exclude the following from this reporting category:
Certificates of deposits. These items should be reported as a short-term debt security in either the Trading Securities or Investment Securities category.
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
Due from RBA/due from Central Banks
Include settlement account balances due from the RBA and other central banks, as well as securities sold not delivered/security settlements.
Funds held with the Reserve Bank of Australia or any foreign central bank should also be reported in this data item.
Due from banks
Include settlement account balances due from other banks, as well securities sold not delivered/security settlements.
Due from other financial institutions
Include settlement account balances due from other financial institutions (i.e. other than the RBA, central banks, and banks), as well as securities sold not delivered/security settlements.
Total cash and liquid assets
Sum all cash and liquid asset reporting items above.
Trading securities
Trading securities are defined in accordance with AASB 1032 ‘Specific Disclosures by Financial Institutions’.
Trading securities are recorded at net fair value, which is defined in accordance with AASB 1032.
Interest earned on trading securities is reported as Interest Income in the ADI Statement of Financial Performance and ARF 330.1 Interest Income and Interest Expense. Dividends received are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2 Other Operating Income.
All gains and losses, realised and unrealised are reported in net trading income in ARF 330.2 Other Operating Income.
Report short sold positions as a negative asset against the appropriate debt or equity security item.
Include all securities (stock) lent or sold under repurchase agreements. The payable due to counterparties with whom the stock has been lent or sold and from whom cash has been lodged is recorded in Securities sold under agreements to repurchase.
All securities borrowed or purchased under resale agreements should be excluded. The receivable due from counterparties from whom the stock has been borrowed or purchased and with whom cash has been lodged is recorded in Securities purchased under agreements to resell.
Loans and advances” should not be affected by the reporting of “Securities lent or sold under repurchase agreements.
Include holdings of debt securities issued by controlled entities and associates.
Commonwealth Government securities
Include both long and short-term debt securities issued by the Australian Commonwealth Government. Do not include securities issued by Government business enterprises.
The following securities should be reported:
Treasury bonds;
Treasury notes; and
Treasury adjustable rate bonds.
Other Australian Government securities
Include both long and short-term debt securities issued by Australian state, territory and local government and Australian state and territory CBAs. Do not include securities issued by Australian state, territory and local government business enterprises.
The following securities should be reported:

Inscribed stock;
Indexed bonds;
Zero coupon bonds;
Promissory notes; and
Commercial paper.
Foreign government securities
Include both long and short-term debt securities issued by foreign governments. Do not include securities issued by government business enterprises.
Total trading securities
Sum all “trading securities” reporting items above.
Investment securities
Investment securities are those securities, which are not Trading Securities, as defined in accordance with AASB 1032 ‘Specific Disclosures by Financial Institutions’. These are generally securities purchased with the intent that they be generally held to maturity or held for a period of time, though not necessarily maturity (i.e. equity securities).
Investment securities are recorded at cost, adjusted for the amortisation of any premiums and discounts on purchased over the period of maturity, as defined in accordance with AASB 1032.
Interest earned on trading securities is reported as Interest Income in ARF 330.1 Interest Income and Interest Expense.
Dividends received on equity securities are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2 Other Operating Income.
All realised gains and losses are reported in “Gain on Sale” income in ARF 330.2 Other Operating Income.
Include all securities (stock) lent or sold under repurchase agreements. The payable due to counterparties with whom the stock has been lent or sold and from whom cash has been lodged is recorded in Securities sold under agreements to repurchase.
All securities borrowed or purchased under resale agreements should be excluded. The receivable due from counterparties from whom the stock has been borrowed or purchased and with whom cash has been lodged is recorded in Securities purchased under agreements to resell.
Loans and advances” should not be affected by the reporting of “Securities lent or sold under repurchase agreements.
Include holdings of debt securities issued by controlled entities and associates.

Commonwealth Government securities
Include both long and short-term debt securities issued by the Australian Commonwealth Government. Do not include securities issued by government business enterprises.
The following securities should be reported:
Treasury bonds;
Treasury notes; and
Treasury adjustable rate bonds.
Other Australian Government securities
Include both long and short-term debt securities issued by Australian state, territory and local government and Australian state and territory CBAs. Do not include securities issued by Australian state, territory and local government business enterprises.
The following securities should be reported:
Inscribed stock;
Indexed bonds;
Zero coupon bonds;
Promissory notes; and
Commercial paper.
Foreign government securities
Include both long and short-term debt securities issued by foreign governments. Do not include securities issued by government business enterprises.
Total investment securities
Sum all “investment securities” reporting items above.
Acceptances of customers
Total acceptances of customers - net
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on customers. The ADI expects most acceptances to be presented before being reimbursed by the customers. These bills of exchange are not held as part of the ADI’s asset portfolio. Acceptances are accounted for and disclosed as a liability with a corresponding contra asset. The contra asset is recognised to reflect the ADI’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in an ADI’s asset portfolio should be excluded from this item. Include these holdings of own acceptances under either Trading Securities or Investment Securities.
Netting is allowed in accordance with the requirements specified in the Australian accounting standards (i.e. only if there is a legal right to set off and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Acceptances generate fee income that is taken to profit and loss when earned.
Loans and advances
Note: Loans and advances are investments of the ADI, which are deemed for this form not be evidenced by the financing/issue of debt securities (e.g. bill financing). This type of financing/investing is to be either recorded in the Trading Securities or Investment Securities.
Generally include
Overdrafts;
Secured and unsecured lending;
Financial lease agreements;
Account balances which do not qualify as deposits;
Credit card outstanding balances;
Term loans;
Mortgage lending;
Commercial loans;
Equity participation in leveraged leases;
Redeemable preference share finance;
Subordinated loans; and
Loans to controlled entities and associates.
Exclude
Bills of exchange, commercial paper and promissory notes (report as Investment or Trading securities);
Bills of exchange both discounted and held (report as Investment or Trading securities);
Bonds, debentures, medium term notes (MTNs), transferable certificates of deposit;
(TCDs), floating-rate notes (FRNs) (show as Investment or Trading securities);
Account balances with financial intermediaries such as banks (show as Deposits or Due from other financial institutions); and
Receivables due from counterparties arising from the first leg of a repurchase agreement. This receivable should be reported to Securities purchased under agreements to resell.
Loans and advances are recognised at recoverable amount, after assessing required provisions for impairment.
Loans and advances should be recorded net of unearned revenue; this is mainly with respect to unearned lease receivables.
Netting is permitted in accordance with the requirements of the Australian accounting standards (i.e. were there is a legal right to set off the recognised amounts and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Note:
Specific Provisions and General Provisions for products and counterparties where indicated in the form are to be reported only if the data is already recorded and allocated on that basis by the institution. Otherwise the specific provision and general provision can be disclosed in aggregate.
Do not include associated future income tax benefits (FITB) in the amounts reported for general provisions or specific provisions. Include associated FITB in 'Other Assets - Future income tax benefits - Provisions for doubtful debts'.
Loans to households
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Owner occupied – Balance outstanding
Include the value of housing loans to householders, for the construction or purchase of dwellings for owner occupation.
This reporting item should be reported gross of any specific provisions.
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Owner occupied – Specific provisions
Report the specific provision for doubtful debts applied to this loan item.
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Owner occupied – General provisions
Report the general provision for doubtful debts applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Investment – Balance outstanding
Include the value of investment housing loans to householders, for the construction or purchase of dwellings for non-owner occupation.
This reporting item should be reported gross of any specific provisions.
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Investment – Specific provisions
Report the specific provision for doubtful debts applied to this loan item.
Housing (Including revolving credit or redraw facilities that are exclusively or predominantly for purpose of housing): Investment – General provisions
Report the general provision for doubtful debts applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
Revolving credit – balance
Include the gross value of loans of a revolving credit nature to householders, for a purpose other than housing, which have been included in Housing above.
A revolving credit is a loan arrangement in which the borrowing party may repay funds on loan and immediately borrow it again up to an agreed limit.
This reporting item should be reported gross of any specific provisions.
Revolving credit – specific provision
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis.
Revolving credit – general provision
Report the general provision for doubtful debts for this reporting line, if this is recorded or allocated by the institution on this basis.
Credit card – balance
Include the gross value of credit card liabilities by householders.
This reporting item should be reported gross of any specific provisions.
Credit card – specific provision
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis.
Credit card – general provision
Report the general provision for doubtful debts for this reporting line, if this is recorded or allocated by the institution on this basis.
Leasing - balance
Include the gross value of lease financing to householders.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
Leasing - specific provision
Report the specific provision for doubtful debts applied to this loan item, if this recorded or allocated by the institution on this basis.
Leasing – general provision
Report the general provision for this reporting line, if this recorded or allocated by the institution on this basis.
Other personal term loans – balance
Include the gross value of personal term loans to householders for purposes other than housing and other than revolving credit, credit card and lease financing.
This reporting item should be reported gross of any specific provisions.
Other personal term loans – specific provision
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis.
Other personal term loans – general provision
Report the general provision for this reporting line, if this is recorded or allocated by the institution on this basis.
Total loans to households – balance
Sum the gross value of loans to householders.
This reporting item should be reported gross of any specific provisions.
Total loans to households – specific provision
Report the specific provisions applying to loans to householders.
Total loans to households – general provision
Report the general provision for this reporting line.
Loans to community service organisations/non-profit institutions serving households
Loans to community service organisations – balance
Include the total gross value of loans to Australian and offshore community service organisations.
This reporting item should be reported gross of any specific provisions.
Loans to community service organisations/non-profit institutions serving households – specific provision
Report the specific provision for doubtful debts applied to this loan item.
Loans to community service organisations/non-profit institutions serving households – general provision
Report the general provision for this reporting line, if this recorded or allocated by the institution on this basis.
Loans to non-financial corporations
Loans to private trading corporations – balance
Include the gross value of loans to Australian and offshore private trading corporations.
Loans to private unincorporated businesses – balance
Include the gross value of loans to Australian and offshore private unincorporated businesses.
Loans to Commonwealth and foreign government non-financial corporations – balance
Include the gross value of loans to Australian Commonwealth government and foreign government non-financial corporations.
Loans to State, Territory & local government & foreign regional non-financial corporations – balance
Include the gross value of loans to Australian State, Territory and local government and foreign regional government non-financial corporations.
Loans to government
Include
Overdrafts;
Secured and unsecured borrowings;
Financial lease agreements;
Account balances which do not qualify as deposits;
Credit card outstanding balances; and
Term loans.
Exclude
Bills of exchange, commercial paper and promissory notes (there are separate categories for Short-term debt securities);
Bills of exchange both discounted and held; and
Bonds, debentures, medium term notes (MTNs), transferable certificates of deposit (TCDs), floating-rate notes (FRNs) (show as Long-term debt securities).
Loans and advances are recognized at recoverable amount, after assessing required provisions for impairment.
Loans to Commonwealth Government
Include the gross value of loans to the Australian Commonwealth.
This reporting item should be reported gross of any specific provisions.
Loans to Foreign governments
Include the gross value of loans to Foreign Governments.
This reporting item should be reported gross of any specific provisions.
Loans to Australian State, Territory & local government
Include the gross value of loans to Australian State, Territory & local governments.
This reporting item should be reported gross of any specific provisions.
Loans to foreign regional governments
Include the gross value of loans to Foreign Regional Governments.
This reporting item should be reported gross of any specific provisions.
Loans to financial corporations
Include
treasury related short term lending to other banks;
corporate banking customer relationship lending to other financial institutions;
placements with other banks;
loans and advances to other banks;
loans with banks and non-bank financial institutions;
nostro balances with banks and non-bank financial institutions; and
loans and advances to controlled entities and associates.
Exclude
certificates of deposit (should be reported as Investment or Trading securities).
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
Loans to RBA
Include the gross value of loans to the RBA.
This reporting item should be reported gross of any specific provisions.
Loans to foreign central banks
Include the gross value of loans to Central Banks other than the RBA.
This reporting item should be reported gross of any specific provisions.
Loans to banks
Include the gross value of loans to Australian and offshore banks.
This reporting item should be reported gross of any specific provisions.
Loans to other financial institutions
Include the gross value of loans to Australian and offshore financial institutions other than the RBA, Foreign Central Banks and Banks.
This reporting item should be reported gross of any specific provisions.
Total loans to financial corporations
Sum the gross value of loans to Australian and offshore financial corporations.
Total gross loans and advances – balance outstanding
Sum the gross value of loans and advances.
Total gross loans and advances – specific provision
Sum the specific provisions applying to all loans.
Total gross loans and advances – general provision
Record the general provisions applying to all loans.
Total gross loans and advances of which: margin lending
Lending for the purpose of purchasing equities, where the underlying security is equities.
Total gross loans and advances of which: loans held for sale
Loans held for sale are loans (e.g. mortgages) acquired and held by the ADI with the intention of resale in the short term (i.e. within 12 months of acquisition). This item is to be carried at the lower of cost or net fair value.
Note: the total of the above Of Which breakdown of the loan portfolio must equal the aggregate loan portfolio balance disclosed above.
Total gross loans and advances of which: revolving credit
Include the gross value of loans of a revolving credit nature. Exclude loans to Australian householders, for the purpose of housing.
A revolving credit is a loan arrangement in which the borrowing party may repay funds on loan and immediately borrow it again up to an agreed limit.
This reporting item should be reported gross of any specific provisions.
Total gross loans and advances of which: credit cards
Include the gross value of credit card liabilities by Australian counterparties.
Total gross loans and advances of which: housing – fixed rate
Of the total reported for “housing loans” identify the component that has a fixed interest rate.
Total gross loans and advances of which: housing – variable rate
Of the total reported for “housing loans” identify the component that has a variable interest rate.
Total gross loans and advances of which: term loan – fixed rate
Include the gross value of term loans to Australian counterparties that have a fixed interest rate. Exclude loans to householders for the purpose of housing.
Total gross loans and advances of which: term loan – variable rate
Include the gross value of term loans to Australian counterparties that have a variable interest rate. Exclude loans to householders for the purpose of housing.
Total gross loans and advances of which: lease financing
Include the gross value of lease financing to Australian counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
Total gross loans and advances of which: Other loans
Include the gross value of loans to Australian counterparties other than margin lending, loans held for resale, revolving credit loans, credit cards, housing loans, term loans and leasing finance.
Net loans and advances (net of provisions for impairment)
Report total loans and advances, net of specific and general provisions for impairment.
Intra-company advances
Report all advances and other assets to other offices within the ADI.
Other Investments
Parent entity
Report the total amount of equity investments in the parent entity. Defined in accordance with AASB 1024 ‘Consolidated Accounts’.
Controlled entities
Report the total amount of equity investments in controlled entities. Defined in accordance with AASB 1024.
Associates
Report the total amount of equity investments in associates. Defined in accordance with AASB 1016 ‘Accounting for Investments in Associates’.
Joint ventures
Report the total amount of interests in joint ventures (entities). Defined in accordance with AASB 1006 ‘Accounting for Interests in Joint Ventures’.
Other
Report any Other investments not included above.
Total other investments
Sum all reporting line items for Other Investments.
Fixed assets
The reporting of all Fixed assets items should be in accordance with applicable Australian accounting standards. Do not include property acquired or held available for sale. These assets are to be disclosed in “Other Assets” category under line item “Property acquired or held available for sale”.
Property, plant and equipment
This includes land, buildings, furniture, equipment (excluding Information Technology), re-modeling costs to existing premises, and interest capitalised during the period of construction of buildings.
Information technology
Separately identify computer equipment and software.
Other
Report other Fixed assets items not specifically mentioned above; e.g. leasehold improvements and capital leases.
Fixed assets - Accumulated depreciation/amortisation
Report total depreciation and amortisation for all Fixed assets items here.
Net fixed assets
Deduct Accumulated depreciation/amortisation from the gross values for Property, plant and equipment, Information Technology and Other.
Intangible assets
Classification of assets as intangible as assets must be in compliance with the Australian accounting authoritative pronouncements. As a guide ADI are suggested to follow the disclosure adopted in its annual financial report.
Accumulated amortisation
Include the total amount of amortisation of intangible assets, over the period from the date of acquisition to the end of the reporting period.
Net intangible assets
Subtract the “accumulated amortisation” from the “intangible assets”.
Other assets
Interest receivable
Include interest accrued for but not yet received.
Unrealised gains on trading derivatives
Traded derivative financial instruments should be reported at their fair value in “Other Assets” when favourable to the reporting entity. These derivative positions may be speculation or hedging physical trading positions/portfolios.
Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
Amounts receivable from clients - outstanding security settlements
For those institutions that have broking activity with clients who are other than financial institutions, record the amount due from clients in relation to security settlement transactions. Do not include amounts receivable from financial institutions or clearing houses in relation to security settlements, as these are to be recorded in a separate asset heading “Due from Financial Institutions” and “Due from Clearing Houses”.
Future income tax benefits
“Future income tax benefits” is defined in accordance with AASB 1020 ‘Accounting for Income Tax (Tax-Effect Accounting)’.
From tax losses
Report all future income tax benefits arising out of tax losses in accordance with AASB 1020.
From provision for impairment
Report all future income tax benefits associated with the provisioning for asset impairment in accordance with AASB 1020.
Other
Report all future income tax benefits other than from tax losses.
Loan/credit card servicing rights
Report the carrying value of purchased loan (e.g. mortgages) and credit card relationships when the reporting entity purchases the right to receive existing loan payments and credit card receivables in consideration for providing lending and credit card services to those customers. Also report any purchased loan/credit card servicing rights arising in the acquisition of an entire financial institution. The carrying value consists of the cost of the servicing right less accumulated amortisation for the right.
Property purchased/held available for sale
Include all property that has been acquired or is held available for sale. This may include land developments, land and buildings, other property (e.g. motor vehicles).

Items in suspense
Report suspense or unreconciled/unidentified transactions/balances here. A list of examples is not provided as these may vary between institutions. It is recommended that the institutions internal procedures be adopted regarding the recording and reporting of these types of balances.
Other
Include all other assets not separately identified above.
For example, include

Commodities other than gold bullion;
Valuables;
Artwork; and
Other receivables.
Exclude:
Deposits, loans and other claims on controlled entities and associates.
Total other assets
Sum all the reporting items listed under “Other assets”.
Total assets of which deposits, debt securities and loans to controlled entities and associates – subordinated
Report the total amount of investments of a subordinated nature in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A subordinated debt is a debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long term.
A subordinated loan is a loan that ranks below other debts should a company be wound up.
Total assets of which deposits, debt securities and loans to controlled entities and associates – secured
Report the total amount of investments of a secured nature in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long term.
A secured loan is a loan that ranks above other debts should a company be wound up.
Total assets of which deposits, debt securities and loans to controlled entities and associates – other
Report the total amount of investments other than subordinated or secured in nature, in controlled entities or associates of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
Total assets of which deposits, debt securities and loans to the parent entity – subordinated
Report the total amount of investments of a subordinated nature in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A subordinated debt is a debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long term.
A subordinated loan is a loan that ranks below other debts should a company be wound up.
Total assets of which deposits, debt securities and loans to the parent entity – secured
Report the total amount of investments of a secured nature in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long term.
A secured loan is a loan that ranks above other debts should a company be wound up.
Total assets of which deposits, debt securities and loans to the parent entity – other
Report the total amount of investments other than subordinated or secured in nature, in the parent entity of the reporting entity. Investments in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
Liabilities
Due to clearing houses
Include amounts due to recognised clearing houses such as the ASXCH and SFXCH in Australia. Include margin calls from stock and derivative exchanges which are payable.
Due to financial institutions
Include
settlement account balances – Austraclear, and RITS balances with banks and non-bank financial institutions;
amounts owing to banks and other financial institutions in relation to the payments system;
items in the course of collection – due to banks and other financial institutions in relation to the payments system;
amounts due in relation to an involvement in an overseas payments system; and
Securities purchased not delivered/security settlements – record payables for unsettled purchases of securities. This item only arises if securities are recorded on a settlement date basis as opposed to a trade date basis.
This reporting item should be brought to account at the gross value of the outstanding balance. Interest is taken to profit and loss when earned.
Due to RBA/due to central banks
Include settlement account balances due to the RBA and foreign central banks. Funds borrowed from the RBA and other central banks should also be reported in this data item.
Due to banks
Include settlement account balances due to Australian and offshore banks.
Due to other financial institutions
Include settlement account balances due to other financial institutions.
Other financial institutions refer to financial institutions other than central banks and banks.
Acceptances
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on customers. The ADI expects most acceptances to be presented before being reimbursed by the customers. These bills of exchange are not held as part of the ADI’s asset portfolio. Acceptances are accounted for and disclosed as a liability with a corresponding contra asset. The contra asset is recognised to reflect the ADI’s claim against each drawer of the bills of exchange.
Bills of exchange that have been accepted and held in an ADI’s asset portfolio should be excluded from this item. Include these holdings of own acceptances under either Trading Securities or Investment Securities.
Netting is allowed in accordance with the requirements specified in the Australian accounting standards (i.e. only if there is a legal right to set off and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).
Acceptances generate fee income that is taken to profit and loss when earned.
Deposits
Call/on demand deposits: households/retail
Report call or on demand deposits received from Australian and offshore householders. Household deposits are otherwise referred to as retail deposits.
Include:
Cheque accounts which provide checking facilities of any kind. This account can either be interest bearing or non-interest bearing. This account may be linked with other accounts offering transaction or non-transaction facilities;
Accounts from which payments may be made to third parties – ATMs, debit card or another electronic device;
Notice of withdrawal account – a written notice required before funds can be withdrawn or transferred out of the account;
Demand deposits;
Savings deposits;
Money market deposit accounts;
Other savings deposits; and
11am accounts and 24-hour money.
Call/on demand deposits: other
Report call or on demand deposits received from other than Australian and offshore householders.
Include:
Cheque Accounts which provide checking facilities of any kind. This account can either be interest bearing or non-interest bearing. This account may be linked with other accounts offering transaction or non-transaction facilities;
Accounts from which payments may be made to third parties – ATMs, debit card or another electronic device;
Notice of withdrawal account – a written notice required before funds can be withdrawn or transferred out of the account;
Demand deposits;
Savings deposits;
Money market deposit accounts;
Other savings deposits; and
11am accounts and 24-hour money.
Term deposits: households/retail
Report term deposits received from Australian and offshore householders. Household deposits are otherwise referred to as retail deposits.
Term deposits refer to an account in which money has been placed for a fixed period of time for a stated interest rate.
Term deposits: other
Report term deposits received from other than Australian and offshore householders.
Term deposits refer to an account in which money has been placed for a fixed period of time for a stated interest rate.
Deposits: Certificates of Deposit
Certificates of deposit are negotiable bearer debt securities. They are issued at a discount to the face value and do not require endorsement when sold.
Deposits: other
Report deposits not identified above.
Total deposit
Sum all the deposit accounts above.
Other borrowings
Include
Securities sold under agreements to repurchase;
Subordinated loans with a residual maturity of 12 months or less;
Short term loans due to controlled entities and associates;
Treasury related short term borrowings from other banks;
Promissory notes with a residual maturity of 12 months or less;
Commercial paper with a residual maturity of 12 months or less; and
Short term debt securities from controlled and associated entities.
Exclude
Negotiable and transferable certificates of deposits;
Subordinated loans with a residual maturity greater than 12 months; and
Deposits.
Securities sold under agreements to repurchase
Where the transferee of the stock effectively receives a lenders rate of return (i.e. the underlying risks and rewards of ownership of the underlying stock is not effectively transferred), these transactions are to be accounted for as collateralised lending activities (treating stock lending as on balance sheet exposures). Securities sold under agreements to repurchase, represents the payable due to counterparties with whom the stock has been lent and from whom cash has been lodged. Under this method of accounting the banks physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected. This treatment is consistent with International Accounting Standard 39.
Promissory notes/commercial paper
Report all borrowings by the reporting entity in the form of commercial paper or promissory notes. Commercial paper or promissory notes are short-term debt securities usually issued with an original term to maturity of less than 180 days.
Include all commercial paper or promissory notes issued with a residual term to maturity of 12 months or less. Commercial paper or promissory notes with a residual maturity greater than 12 months should be reported as “long term debt”.
Other short term debt securities
Report all borrowings by the reporting entity in the form of short term debt securities, other than certificates of deposits and promissory notes/commercial paper (identified above).
Include all debt securities issued with a residual term to maturity of 12 months or less. Other debt securities with a residual maturity greater than 12 months should be reported as “long term debt”.
Short term loans from ADIs/banks - variable
Report all borrowings by the reporting entity in the form of variable interest rate short term loans from ADIs/banks.
A loan is considered to be short term if its residual term to maturity is of 12 months or less.
Settlement account balances due to other banks should be separately identified and reported as “Due to financial institutions: Banks”.
Short term loans from ADIs/banks - fixed
Report all borrowings by the reporting entity in the form of fixed interest rate short term loans from ADIs/banks.
A loan is considered to be short term if its residual term to maturity is of 12 months or less.
Settlement account balances due to other banks should be separately identified and reported as “Due to financial institutions: Banks”.
Short term loans: other - variable
Report all borrowings by the reporting entity in the form of variable interest rate short term loans from counterparties other than banks and other ADIs.
A loan is considered to be short term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as “Due to clearing houses”. Settlement account balances should be separately identified and reported as “Due to financial institutions.
Short term loans: other - fixed
Report all borrowings by the reporting entity in the form of fixed interest rate short term loans from counterparties other than banks and other ADIs.
A loan is considered to be short term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as “Due to clearing houses”. Settlement account balances should be separately identified and reported as “Due to financial institutions.
Total other borrowings
Sum the component parts listed under “Other Borrowings”.
Income tax liability
Provision for income tax
This is defined in accordance with AASB 1020 ‘Accounting for Income Taxes’. In addition, this should relate to Australian business operations.
Provision for deferred income tax
This is defined in accordance with AASB 1020 ‘Accounting for Income Taxes’. In addition, this should relate to Australian business operations.

Total income tax liability
Sum the income tax liability items relating to Australian business operations.
Provisions
Dividends
A provision for dividends is the allowance that the reporting entity has made in terms of the obligation for declared dividends.
Employee entitlements
This includes provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. This should be reported in accordance with the requirements of AASB 1028 ‘Accounting for Employee Entitlements’.
Non-lending losses
Include:
Provision for self insurance;
Frauds;
Litigation, fraud detection and prevention;
Forgeries; and
Non-transferred insurance risks.
Restructuring costs
Report all provisions raised for the restructuring of an organization.
Include:
Severance, termination and redundancy payments; and
Integration costs.
Other provisions
Report all other provisions not identified above.
Include:
Specific provision for off-balance sheet credit related commitments;
Leased premises surplus to current requirements; and
Provision for subsidiary integration costs.
Total provisions
Sum all the “provisions” reporting items.
Bonds, notes and long term borrowings
Bonds, notes and long term borrowings have a residual term to maturity of more than one year. This includes loans and debt securities.
Debt securities
Report debt securities that have been issued and have a residual term to maturity of more than one year. Measurement is to be consistent with Australian accounting standards
As a guide include:
Bonds;
Debentures;
unsecured notes;
fixed-interest securities;
medium-term notes (MTNs);
inflation-indexed bonds;
floating-rate notes (FRNs);
other floating-rate debt securities;
mortgage-backed bonds;
asset-backed bonds;
Euro notes ;
Euro bonds;
Euro medium-term notes;
non-participating preference shares (a special type where the holder has no entitlement to a share in the residual value on dissolution of the issuing company); and
subordinated bonds and notes.
As a guide exclude:
hybrid securities;
trading derivatives;
convertible notes prior to conversion;
negotiable and transferable certificates of deposit;
subordinated debt issues with a residual maturity of 12 months or less;
promissory notes with a residual maturity of 12 months or less;
commercial with a residual maturity of 12 months or less; and
short term debt securities from controlled and associated entities.
Loans
Report the face value of all loans and borrowings that have a residual term to maturity of more than one year.
Include
secured and unsecured borrowings;
financial lease agreements;
term loans;
mortgages;
commercial loans;
equity participation in leveraged leases;
redeemable preference share finance; and
loans to controlled entities and associates.
Exclude
loan capital (e.g. subordinated loans);
short term loans due to controlled entities and associates; and
treasury related short term borrowings from other banks.
Loans – variable rate
Report the face value of all variable interest rate loans and borrowings that have a residual term to maturity of more than one year.

Long term loans – fixed rate
Report the face value of all fixed interest rate loans and borrowings that have a residual term to maturity of more than one year.
Total bonds, notes and long term borrowings
Sum the total face value of all "Bonds, notes and long term borrowings" issued.
Intra-company borrowings
Report borrowings from other offices within the ADI (including the Australian head office).
Creditors and other liabilities
Interest Payable
Include interest accrued for but not yet paid.
Unearned interest
Include interest received but not yet earned.
Unrealised losses on trading derivatives
Traded derivative financial instruments should be reported at their fair value in “Other Liabilities” when unfavourable to the reporting entity.
Fair values are obtained from quoted market prices, discount cash flow models and options pricing models.
Amounts payable - outstanding security settlements
For those institutions that have broking activity with clients who are other than financial institutions, record the amount due to clients in relation to security settlement transactions. Do not include amounts payable to financial institutions or clearing houses in relation to security settlements, as these are to be recorded in a separate liability heading “Due to Financial Institutions” and “Due to Clearing Houses”.
Items in suspense
Report suspense or unreconciled/unidentified transactions/balances here that are in a liability position. A list of examples is not provided as these may vary between institutions. It is recommended that the institutions internal procedures be adopted regarding the recording and reporting of these types of balances.
Other
Include other liabilities not separately identified above. E.g. unearned fees and commission received in advance but not recognised as earned for accounting purposes.
Exclude:
Deposits, loans and other liabilities to controlled entities and associates
Total creditors and other liabilities
Sum the reporting items listed under “Creditors and other liabilities”.
Loan capital and hybrid securities
Report the face value of all loan capital and hybrid securities that have been issued in Australia and have a residual term to maturity of more than one year.
Classification is to be consistent with AASB 1033 ‘Presentation and Disclosure of Financial Instruments’.
As a guide include:
preference shares;
convertible notes; and
subordinated loans of a residual maturity of more than one year.
Loan capital
As a guide include:
subordinated loans of a residual maturity of more than one year
Hybrid securities
As a guide include:
preference shares; and
convertible notes.

Total loan capital
Total all loan capital and hybrid securities items listed above.
Total liabilities
Sum total liabilities.
Total liabilities of which deposits, debt securities and loans from controlled entities and associates – subordinated

Report the total amount of liabilities of a subordinated nature from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A subordinated debt is a debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long term.
A subordinated loan is a loan that ranks below other debts should a company be wound up.
Total liabilities of which deposits, debt securities and loans from controlled entities and associates – secured
Report the total amount of liabilities of a secured nature from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long term.
A secured loan is a loan that ranks above other debts should a company be wound up.
Total liabilities of which deposits, debt securities and loans from controlled entities and associates – other
Report the total amount of liabilities other than subordinated or secured in nature, from controlled entities or associates of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
Total liabilities of which deposits, debt securities and loans from the parent entity – subordinated
Report the total amount of liabilities of a subordinated nature from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.

A subordinated debt is a debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long term.
A subordinated loan is a loan that ranks below other debts should a company be wound up.
Total liabilities of which deposits, debt securities and loans from the parent entity – secured
Report the total amount of liabilities of a secured nature from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long term.
A secured loan is a loan that ranks above other debts should a company be wound up.
Total liabilities of which deposits, debt securities and loans from the parent entity – other
Report the total amount of liabilities other than subordinated or secured in nature, from the parent entity of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
Total liabilities of which other secured deposits, debt securities and loans
Report the total amount of liabilities of a secured nature from parties other than the parent, controlled or associated entities of the reporting entity. Liabilities in the form of deposits, loans, advances, bonds, notes and debentures should be reported.
A secured debt is a debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long term.
A secured loan is a loan that ranks above other debts should a company be wound up.
Net assets
Calculated as total assets less total liabilities.
Shareholders’ equity
Share capital
Ordinary shares
Include ordinary share capital on issue.
Preference shares
Preference shares have a priority over dividend payments and to the assets of the reporting company.
Other
Include any other form of share capital not included above (e.g. income securities).
Reserves
General reserve
This is derived from revenue profits and is mostly available for dividend payment.

Capital profits reserve
Capital profits reserve represents the realised value of revaluations associated with an asset or class of assets that have been disposed of. These assets have been subject to the fair value basis of measurement and revaluations accounted for in accordance with accounting standard AASB 1041 ‘Revaluation of Non-Current Assets’. Due to the disposal of these assets, the balance of the Asset Revaluation Reserve associated with these assets has been transferred to a capital profits reserve.
Asset Revaluation Reserve – property, plant and equipment
Include balance of the asset revaluation reserve relating to the revaluation of property, plant and equipment.
Asset Revaluation Reserve - intangibles
Include balance of the asset revaluation reserve relating to the revaluation of intangible assets.
Asset Revaluation Reserve – investment in subsidiaries
Include the balance of the asset revaluation reserve relating to the revaluation of investment in subsidiaries.
Asset Revaluation Reserve – investments in associates/share of associates ARR
Include the balance of the asset revaluation reserve relating to the revaluation of investments in associates
Asset revaluation reserve - other
Asset revaluation reserve relating to the revaluation of other assets.
Foreign Currency Translation Reserve
Include the exchange rate differences arising on translation of assets and liabilities in accordance with AASB 1012 ‘Foreign Currency Reserve’.
Other reserves
Include all reserves not separately identified above. Report dividend reinvestment plan reserve in this reporting item.
Total reserves
Sum the reporting items listed under “Reserves”.

Retained profits or accumulated losses at the end of the period
Total shareholders’ equity
Sum the reporting items: “Shareholders’ equity attributable to shareholders of the company”.
Note on References to Accounting Standards
This Note is about references in these instructions to an accounting standard or accounting standards, e.g. where the instructions say that something must be done in accordance with a particular AASB or international accounting standard, or must be done in accordance with the accounting standards (however described) generally.
Where you see such a reference, you must read it as meaning the version of the accounting standard, or versions of the accounting standards, applying to reporting periods (within the meaning of the accounting standards) beginning immediately before 1 January 2005.
Accordingly, the new AASB standards for 2005 are not to be applied.
Similarly, a reference to principles or conventions (however described) governing an accounting procedure or treatment shall be taken to refer to principles or conventions applicable in relation to reporting periods (within the meaning of the accounting standards) that began immediately before 1 January 2005.