Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2006 Reporting Standard ARS 323.0 Statement of Financial Position (Licensed ADI) (Cth)
Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2006
Reporting standard ARS 323.0 Statement of Financial Position (Licensed ADI)
Financial Sector (Collection of Data) Act 2001
I, Charles Watts Littrell, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:
·REVOKE the Reporting Standard ARS 323.0 (2005) Statement of Financial Position (Licensed ADI); and
·DETERMINE the Reporting standard ARS 323.0 Statement of Financial Position (Licensed ADI) in the form 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 to those financial sector entities on the later of 1 July 2006 and the date of registration on the Federal Register of Legislative Instruments.
Dated 26 June 2006
[signed]
Charles Littrell
Executive General Manager
Policy, Research and Statistics
APRA
Interpretation
In this Determination
APRA means the Australian Prudential Regulation Authority.
Schedule
Reporting standard ARS 323.0 Statement of Financial Position (Licensed ADI) comprises 79 pages commencing on the next page.
Reporting Standard ARS 323.0
Statement of Financial Position (Licensed ADI)
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires credit unions, building societies, specialist credit card insitutions and Cairns Penny Savings & Loans Limited, to report to APRA, in relation to their statement of financial position.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with Form ARF 323.0 Statement of Financial Position (Licensed ADI) and the associated instructions (which are attached and all form part of this reporting standard).
Purpose
Data collected in Form ARF 323.0 Statement of Financial Position (Licensed ADI) (Form ARF 323.0) 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
This reporting standard applies to all credit unions, building societies, specialist credit card institutions and Cairns Penny Savings & Loans Limited.
Information required
A relevant authorised deposit-taking institution (ADI) must provide APRA with the information required by Form ARF 323.0 for each relevant 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 APRA with the information required by this reporting standard in respect of the following reporting periods:
(a)in the case of a relevant ADI that is a Monetary Aggregates Reporter:
(i)each calendar month (including the month during which the ADI became a Monetary Aggregates Reporter); and
(ii)each quarter based on the financial year, within the meaning of the Corporations Act 2001, of the ADI (including the quarter during which the ADI became a Monetary Aggregates Reporter); and
(b)in the case of a relevant ADI that it not a Monetary Aggregates Reporter, 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:
(a) more frequently (if, having regard to the particular circumstances of the ADI, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the ADI); or
(b) less frequently (if, having regard to the particular circumstances of the ADI and the extent to which it requires prudential supervision, APRA considers it is unnecessary to require the ADI to provide the information as frequently as provided by paragraph 5).
The information required by this reporting standard must be provided to APRA by the following times:
(a) in the case of monthly information referred to in sub-subparagraph 5(a)(i) – 10 business days after the end of the reporting period to which the information relates; and
(b) in the case of quarterly information referred to in sub-subparagraphs 5(a)(ii) and subparagraph 5(b) – 15 business days after the end of the reporting period to which the information 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 Assurance Standards Board 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.
The information provided by an ADI under this reporting standard must also 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 provided under this reporting standard is provided in paper form, it must be signed by either:
(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (by whatever name called).
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 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
An ADI must report under the old reporting standard in respect of a transitional reporting period. For these purposes:
old reporting standard means the reporting standard revoked in the determination making this reporting standard (being the reporting standard which this reporting standard replaces).
transitional reporting period means a reporting period under the old reporting standard:
(a) which ended before the date of revocation of the old reporting standard; and
(b) in relation to which the ADI was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.
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.
building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.
credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.
Monetary Aggregates Reporter means a relevant ADI in respect of which:
(a)APRA has made a determination in writing that the ADI has had assets of more than $50 million for at least three consecutive quarters immediately preceding the determination and has notified the ADI of that determination; and
(b)APRA has not revoked the determination on the ground that, after the making the determination, the value of the ADI’s assets has fallen significantly below $50 million.
relevant ADI means an ADI covered by paragraph 2 of this reporting standard.
specialist credit card institution means an ADI whose name appears under the heading ‘Specialist Credit Card Institutions (SCCIs)’ in the ADI list.
If an ADI is not listed in the ADI list, then:
(a) if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, it is taken to be a building society for the purposes of reporting this reporting standard;
(b) if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, it is taken to be a credit union for the purposes of this reporting standard; and
(c) if the ADI engages in credit card issuing or credit card acquiring, or both, and does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959, it is taken be a specialist credit card institution for the purposes of this reporting standard.
APRA may in writing determine that an ADI is taken to be a building society, credit union or specialist credit card institution 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 referred to in paragraph 5 or, if appropriate, 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 China (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)
Citigroup Pty Limited
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 UFJ, Ltd
Barclays Capital (the trading name of Barclays Bank plc)
BNP Paribas
Citibank N.A.
Credit Suisse
Deutsche Bank AG
HBOS Treasury Services plc
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
Alliance One Credit Union Ltd
AMP Employees' & Agents Credit Union Limited
Austral Credit Union Limited
Australian Central Credit Union Limited
Australian Country Credit Union Ltd (trading as Reliance Credit Union)
Australian Defence Credit Union Ltd
AWA Credit Union Limited
Bananacoast Community Credit Union Ltd
Bankstown City Credit Union Ltd
Berrima District Credit Union Ltd
Big Sky Credit Union Ltd
Blue Mountains and Riverlands Community Credit Union Ltd
Broadway Credit Union Ltd
Calare Credit Union Ltd
CAPE Credit Union Limited
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
Community Alliance Credit Union Limited
Community CPS Australia 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 Co-operative (ACT) Limited
Credit Union Australia Ltd
Credit Union Incitec Pivot Limited
Croatian Community Credit Union Limited
CSR and Rinker Employees Credit Union Limited
Dairy Farmers Credit Union Ltd
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 Option Credit Union Limited
First Pacific Credit Union Limited
Fitzroy & Carlton Community Credit 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
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
Melbourne University Credit Union Limited
Memberfirst Credit Union Limited
New England Credit Union Ltd
Newcom Colliery Employees' Credit Union Ltd
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
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
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
Railways Credit Union Limited
RegionalOne Credit Union Limited
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 Limited
Shell Employees' Credit Union Limited
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
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 (eg payments clearing) to member building societies and credit unions.
Australian Settlements Limited
Credit Union Services Corporation (Australia) Limited
Indue Ltd
One ADI that provides general banking services which does not fall into the other categories.
Cairns Penny Savings & Loans Limited
Authorised Non-Operating Holding Companies
HBOS Australia Pty Ltd
Reporting Form ARF 323.0
Statement of Financial Position (Licensed ADI)
Instruction Guide
This form relates to the operations of the licensed authorised deposit-taking institution (ADI). If an ADI has subsidiaries or interest in joint venture operations, the ADI must also complete ARF 322.0 Statement of Financial Position (Consolidated) (ARF 322.0).
If the ADI has material business, operations or dealings outside of Australia or with non-residents, then the institution will be required to complete ARF 320.0 Statement of Financial Position (Domestic Books) (ARF 320.0) and ARF 321.0 Statement of Financial Position (Offshore Operations), instead of this form.
General directions and notes
Reporting entity
ARF 323.0 Statement of Financial Position (Licensed ADI) should be completed by Credit Unions, Building Societies, Cairns Penny Savings & Loans Limited and Specialist Credit Card Institutions (SCCIs) on a Licensed ADI basis. SCCIs that operate as branches in Australia are required to complete this form for the Australian branch only.
Licensed ADI
This refers to the operations of the reporting ADI on a stand-alone basis.
Securitisation deconsolidation principle
Except where stated otherwise on this form, reporting entities must treat any securitisation program special purpose vehicles (SPVs) in which the ADI (or a member of its consolidated group) participates in accordance with APRA’s clean sale and separation requirements as non-consolidated independent third parties. As a result, for reporting purposes all assets, liabilities, revenues and expenses of these SPVs must be excluded from the ADI’s reported amounts. Where relevant, report on this form any exposure to or other transaction between the ADI and any such SPV as if such transaction was conducted with an independent third party, regardless of whether the SPV or its assets is consolidated for accounting purposes.
APRA's clean sale and separation requirements are set out in APS 120 Funds Management and Securitisation and related Guidance Notes AGN 120.3 Purchase and Supply of Assets (including Securities Issued by SPVs) and AGN 120.1 Disclosure and Separation. Whenever the clean sale and separation requirements are not met, all the assets, liabilities, revenues and expenses of the SPV are to be consolidated with the ADI’s reported amounts.
Reporting period
If the Credit Union, Building Society or SCCI is a Monetary Aggregates Reporter (broadly, it has total assets greater than or equal to $50 million), this form is to be completed as at the last day of the reporting month. The completed form must be submitted to APRA within 10 business days after the end of the relevant reporting month. In addition, this form is also to be completed as at the last day of the stated reporting quarter (i.e. September, December, March and June). The completed form must be submitted to APRA within 15 business days after the end of the relevant reporting quarter.
If the Credit Union or Building Society or Cairns Penny Savings & Loans Limited or SCCI is not a Monetary Aggregates Reporter, this form is to be completed as at the last day of the stated reporting quarter (i.e. September, December, March and June). The completed form must be submitted to APRA within 15 business days after the end of the relevant reporting quarter.
Unit of measurement
Credit Unions, Building Societies, Cairns Penny Savings & Loans Limited and SCCIs 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 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).
The general requirements of AASB 121 for translation are:
foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date;[1]
[1] Monetary items are defined to mean units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency. Spot rate means the exchange rate for immediate delivery.
foreign currency non-monetary items that are measured at historical cost in a foreign currency must be translated using the exchange rate at the date of the transaction;[2]
[2] Examples of non-monetary items include amounts prepaid for goods and services (e.g. prepaid rent); goodwill; intangible assets; physical assets; and provisions that are to be settled by the delivery of a non-monetary asset.
foreign currency non-monetary items that are measured at fair value will be translated at the exchange rate at the date when fair value was determined.
Transactions arising under foreign currency derivative contracts at the reporting date must be prepared in accordance with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139), AASB 7 Financial Instruments: Disclosures (AASB 7) and AASB 132 Financial Instruments: Disclosure and Presentation (AASB 132). However, those foreign currency derivatives that are not within the scope of AASB 139 (eg some foreign currency derivatives that are embedded in other contracts) remain within the scope of AASB 121.
For APRA purposes equity items must be translated using the foreign currency exchange rate at the date of investment or acquisition. Post acquisition changes in equity are required to be translated on the date of the movement.
As foreign currency derivatives are measured at fair value, the currency derivative contracts are translated at the spot rate at the reporting date.
Exchange differences should be recognised in profit and loss in the period which they arise. For foreign currency derivatives, the exchange differences would be recognised immediately in profit and loss if the hedging instrument is a fair value hedge. For derivatives used in a cash flow hedge, the exchange differences should be recognised directly in equity.
The ineffective portion of the exchange differences in all hedges would be recognised in profit and loss; and
translation of financial reports of foreign operations.
A foreign operation is defined in AASB 121 as meaning an entity that is a subsidiary, associate, joint venture or branch of a reporting entity, the activities of which are based or conducted in a country or currency other than those of the reporting entity.
Exchange differences relating to foreign currency monetary items that form part of the net investment of an entity in a foreign operation, must be recognised as a separate component of equity.
Translation of financial reports should otherwise follow the requirements in AASB 121.
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 139, AASB 132 and AASB 7 and any relevant prudential standards.
Term to maturity
Any references to ‘term to maturity’ in this form refer to residual term to maturity.
Basis of preparation
The nature of the disclosure and format of this form may not be strictly consistent with the annual financial statements prepared by the institution. Notwithstanding this, in completing this form (unless otherwise specifically stated for individual items of assets, liabilities or equity), institutions are requested to follow the basis that is used for the preparation of its annual financial statements in accordance with the Australian accounting standards, specifically in regard to the:
interpretation/definition of specific asset, liability and equity items;
appropriate measurement basis for asset, liability and equity items; and
netting of financial assets and financial liabilities.
If additional clarification is required for specific asset, liability or equity items in this form, reference should be made to the section “Specific instructions”, which is provided as a guide.
Specific instructions
Section A: Assets
Cash and liquid assets
Generally include the following in this category:
Australian notes and coins;
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); and
bills receivable and remittances in transit.
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.
1.1. 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.
1.2 Deposits at call
1.2.1. Banks
Include:
all deposits with Australian resident banks that are available on demand. Report 11am accounts and 24-hour money.
Exclude:
exchange settlement accounts.
1.2.2. Other ADIs
Include:
all deposits with Australian resident ADIs other than banks that are available on demand. Report 11am accounts and 24-hour money.
Exclude:
exchange settlement accounts.
1.2.3. Registered Financial Corporations (RFCs)
Include:
all deposits with RFCs that are available on demand. Report 11am accounts and 24-hour money.
Exclude:
exchange settlement accounts.
1.2.4. Other financial institutions
Include:
all deposits with other financial institutions that are available on demand. Report 11am accounts and 24-hour money.
Exclude:
exchange settlement accounts.
1.3. Gold bullion
Include:
gold coin;
gold bullion held in Australia and elsewhere; and
gold certificates held as investments.
Exclude:
loans repayable in gold bullion.
1.4 Due from clearing houses
Include:
net claims on recognised clearing houses such as the Australian Stock Exchange Clearing House (ASXCH) and Sydney Futures Exchange Clearing House (SFECH) in Australia.
1.5 Securities purchased under agreements to resell
Treatment is to be consistent with AASB 139. Where the transferee of the stock effectively receives a lender’s 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 bank’s physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
1.6. Due from financial institutions
Generally include:
settlement account balances – Austraclear and the Reserve Bank Information and Transfer System (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:
Certificates of deposit. These items should be reported as short-term debt securities 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, unless a legal right of set-off exists in accordance with AASB 139, AASB 132 and AASB 7.
Deposits that are not on a call basis (eg deposits lodged at term that are not on a call basis).
1.6.1 Due from the Reserve Bank of Australia (RBA)
Include:
settlement account balances due from the (RBA) and other central banks, as well as securities sold not delivered/security settlements; and
funds held with the RBA or any foreign central bank.
1.6.2 Due from Banks
Include:
settlement account balances due from other banks, as well as securities sold not delivered/security settlements.
1.6.3 Due from other ADIs
Include:
settlement account balances due from other ADIs, as well as securities sold not delivered/security settlements.
1.6.4 Due from RFCs
Include:
settlement account balances due from RFCs, as well as securities sold not delivered/security settlements.
1.6.5 Due from other financial institutions
Include:
settlement account balances due from other financial institutions, as well as securities sold not delivered/security settlements.
1.7. Total cash and liquid assets
Sum all cash and liquid assets reporting items above.
Trading securities
Trading securities are defined in accordance with AASB 139, AASB 132 and AASB 7.
Trading securities are recorded at net fair value, which is defined in accordance with AASB139, AASB 132 and AASB 7.
Interest earned on Trading Securities is reported as Interest Income in ARF 330.0 Statement of Financial Performance and ARF 330.1 Interest Income and Interest Expense (ARF 330.1). Dividends received are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2 Other Operating Income (330.2).
All gains and losses, realised and unrealised are reported in net trading income in ARF 330.2.
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 the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Debt securities
Include:
all debt securities consistent with the classification and measurement basis used for Trading Securities by institutions in accordance with AASB 130 Disclosures in the Financial Statements of Banks and Similar Financial Institutions (AASB 130) and AASB 7.
2.1 Australian Commonwealth Government securities
Include:
debt securities issued by the Australian Commonwealth government. Do not include securities issued by Government business enterprises.
2.2 Other Australian Government securities
Include:
debt securities issued by Australian State and Territory governments and Australian State and Territory central borrowing authorities. Do not include securities issued by Australian State and Territory government business enterprises.
2.3 Bank debt securities
Include:
debt securities that have been issued by banks (e.g. negotiable certificates of deposits, transferable certificates of deposits, medium term notes, debentures, unsecured notes).
2.4 Other ADI debt securities
Include:
debt securities that have been issued by ADIs other than banks (e.g. negotiable certificates of deposits, transferable certificates of deposits, medium term notes, debentures, unsecured notes).
2.5 Corporate paper
Include:
debt securities that have been issued by corporate entities other than banks and other ADIs.
2.6 Asset backed debt securities
An asset-backed security is a debt security that is secured or supported by a pool of assets. These forms of securities are usually issued by a SPV.
2.7. Other debt securities
2.8 Equity securities
Include:
all equity trading securities consistent with the classification and measurement basis used for Trading Securities by institutions in accordance with AASB 130 and AASB 7.
Total trading securities
Sum all “Trading securities” reporting items.
Investment securities
Investment securities are those securities, which are not Trading Securities (as defined in accordance with AASB 130 and AASB 7). 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 where it is not technically possible to hold to maturity).
ADI’s strategic investment in the equity securities of entities that are deemed to be controlled entities, associates or joint ventures, defined in accordance with AASB 127 Consolidated and Separate Financial Statements (AASB 127), AASB 3 Business Combinations (AASB 3), AASB 128 Investments in Associates (AASB 128) and AASB 131 Interests in Joint Ventures (AASB 131), are to be disclosed in “Other Investments” in ARF 320.0 (same for ARF 322.0).
Investment securities are to be recorded in accordance with AASB.
Interest earned on trading securities is reported as Interest Income in ARF 330.1.
Dividends received on equity securities are viewed as dividend income and accordingly, are to be classified as Other Operating Income in ARF 330.2.
All realised gains and losses are reported in “Gain on Sale” income in ARF 330.2.
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 the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Debt securities
Include:
all debt securities, consistent with the classification and measurement basis used for Investment Securities by institutions.
3.1 Australian Commonwealth Government securities
Include:
debt securities issued by the Australian Commonwealth Government. Do not include securities issued by government business enterprises.
3.2 Other Australian Government securities
Include:
debt securities issued by Australian State and Territory governments and Australian State and Territory central borrowing authorities. Do not include securities issued by Australian State and Territory government business enterprises.
3.3 Bank debt securities
Include:
debt securities that have been issued by banks (e.g. negotiable certificates of deposits, transferable certificates of deposits, medium term notes, debentures, unsecured notes).
3.4 Other ADI debt securities
Include:
debt securities that have been issued by ADIs other than banks (e.g. negotiable certificates of deposits, transferable certificates of deposits, medium term notes, debentures; unsecured notes).
3.5 Corporate paper
Include:
debt securities that have been issued by corporate entities other than banks and other ADIs.
3.6 Asset backed debt securities
An asset-backed security is a debt security that is secured or supported by a pool of assets. These forms of securities are usually issued by a SPV.
3.7. Other debt securities
Equity securities
Include:
all equity securities consistent with the classification used for Investment Securities by institutions.
3.8 Banks and other ADI equity securities
Record the holding of equity securities issued by banks and other ADIs that are held as Investment Securities.
Exclude:
equity investments in “Parent Entity” or “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.9 Insurance corporations
Record the holding of equity securities issued by insurance corporations that are held as Investment Securities.
Exclude:
equity investments in “Parent Entity”, “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.10 Other
Record the holding of equity securities issued by corporations other than ADIs and insurance corporations that are held in the Investment Securities.
Exclude:
equity investments in “Parent Entity”, “Controlled Entities” or “Associates”. These investments are to be reported in the classification “Other Investments”.
3.11 Total investment securities
Sum all “Investment securities” reporting items.
Other deposits
Include:
deposits that are not invested on a call or short term basis i.e. term deposits that are not on a call/demand basis. Disclose total deposits invested with the following counterparty classifications.
4.1 Banks
4.2. Other ADIs
4.3. Other
4.4. Total other deposits
a. Acceptances of customers
Total acceptances of customers – Net
Acceptances comprise undertakings by an ADI to pay bills of exchange drawn on 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
Loans and advances are investments of the ADI and 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, associates and joint ventures.
Loans and advances are recognised at amortised cost, after assessing required provisions.
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).
Loan loss provisioning
Provisions assessed on an individual facility basis in accordance with the Australian equivalents to International Financial Reporting Standards (IFRS) are to be treated as specific provisions in the reporting forms for regulatory reporting purposes (Prudential Standard APS 220 Credit Quality (APS 220)). Specific provisions also include that portion of provisions assessed on a collective basis that are not eligible for regulatory purposes to be included in General Reserve for Credit Losses as defined by APS 220.
Note: Specific provisions and General Reserve for Credit Losses 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 provisions and General Reserve for Credit Losses can be disclosed in aggregate.
Do not include associated deferred tax assets (DTA) in the amounts reported for in General Reserve for Credit Losses or specific provisions. Include associated DTA in 'Other Assets – DTA - General Reserve for Credit Losses'.
6.1. Loans to 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. Record these as private unincorporated businesses.
6.1.1.1. Housing: Owner-occupied – Balance outstanding (1)
Include:
the value of housing loans to Australian householders, for the construction or purchase of dwellings for owner occupation; and
revolving credit or redraw facilities originally approved for a purpose of predominantly owner-occupied housing.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.1.1. Housing: Owner-occupied – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3 Prescribed Provisioning (AGN 220.3), the value of the prescribed provision should also be included here.
6.1.1.1. Housing: Owner-occupied – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
6.1.1.1.1. Housing: owner-occupied – Of which revolving credit secured by residential mortgage – Balance outstanding (1)
Of the total reported for “Housing: Owner-occupied” identify the component that is revolving credit facilities secured by residential mortgage.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.1.2 Housing: Investment – Balance outstanding (1)
Include:
the value of investment housing loans to Australian householders, for the construction or purchase of dwellings for non-owner occupation; and
revolving credit or redraw facilities originally approved for a purpose of predominantly investment housing.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.1.2. Housing: Investment – Specific provisions (2)
Report the specific provisions applied to this loan item. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.1.2. Housing: Investment – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses applied to this loan item if already recorded/allocated by the institution, otherwise leave blank.
6.1.1.2.1. Housing: Investment – Of which revolving credit secured by residential mortgage – Balance outstanding (1)
Of the total reported for “Housing: Investment” identify the component that is revolving credit facilities secured by residential mortgage.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.2 Revolving credit – Balance outstanding(1)
Include:
the gross value of loans of a revolving credit nature to Australian householders, other than credit cards, or loans originally approved for a purpose other than housing.
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 and General Reserve for Credit Losses.
6.1.2 Revolving credit – Specific provisions(2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.2 Revolving credit – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.2.1. Revolving credit – of which revolving credit secured by residential mortgage – Balance outstanding (1)
Of the total reported for ”Revolving credit”, identify the component that is revolving credit facilities secured by residential mortgage originally approved for a purpose other than housing.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.3 Credit cards – Balance outstanding (1)
Include:
the gross value of credit card liabilities of Australian householders.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.3 Credit cards – Specific provisions (2)
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.3. Credit cards – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.4 Leasing – Balance outstanding (1)
Include:
the gross value of lease financing to Australian householders.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
6.1.4 Leasing – Specific provisions (2)
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.4 Leasing – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this recorded or allocated by the institution on this basis.
6.1.5. Other personal term loans – Balance outstanding (1)
Include:
the gross value of personal term loans to Australian 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 and General Reserve for Credit Losses.
6.1.5 Other personal term loans – Specific provisions (2)
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.5. Other personal term loans – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.5.1. Other personal term loans of which fixed interest rate – Balance outstanding (1)
Of the total reported for “Other personal term loans” identify the component that has a fixed interest rate.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.5.1 Other personal term loans of which fixed interest rate – Specific provisions (2)
Report the specific provision for doubtful debts applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.5.1. Other personal term loans of which fixed interest rate – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.5.2. Other personal term loans of which variable interest rate – Balance outstanding (1)
Of the total reported for “Other personal term loans” identify the component that has a variable interest rate.
Include:
the gross value of variable rate term loans to Australian 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 and General Reserve for Credit Losses.
6.1.5.2. Other personal term loans of which variable rate – Specific provisions (2)
Report the specific provisions applied to this loan item, if this is recorded or allocated by the institution on this basis. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.5.2. Other personal term loans of which variable rate – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this is recorded or allocated by the institution on this basis.
6.1.6. Total loans to households – Balance outstanding (1)
Sum the gross value of loans to Australian householders.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.1.6 Total loans to households – Specific provisions (2)
Report the specific provisions applying to loans to Australian householders. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.1.6. Total loans to households – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line.
6.2. Commercial lending
6.2.1 Loans to private and public trading corporations
Private trading corporations
Private trading corporations are those owned and controlled by the private sector.
Include:
all resident private corporate trading enterprises;
intra-group financiers (Financial Sector (Collection of Data) Act 2001 Category I) 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.
Public non-financial corporations
Commonwealth, state, territory and local government
Trading enterprises owned by the Commonwealth, State, Territory or local government are those businesses, which are owned and controlled by the Australian Commonwealth Government, State, Territory and local government and which produce goods or non-financial services for sale at market prices.
Include:
All resident trading enterprises, 50% or more owned by the Commonwealth, State, Territory and local government or controlled by the Commonwealth, State, Territory and local government, through legislation, decree or regulation (e.g. Australia Post, and Australian Government Solicitor, state rail and water authorities, gas and fuel authorities, housing commissions, port authorities, non-privatised power authorities).
Exclude:
government departments (show as Commonwealth general government);
government-owned financial institutions (these are classified as financial institutions);
state government owned financial institutions and entities in the general government; and
state and territory central borrowing authorities.
6.2.1 Loans to public and private trading corporations – Balance outstanding (1)
Include:
the gross value of loans to Australian private trading corporations that are denominated in Australian dollars.
6.2.1 Loans to public and private trading corporations –Specific provisions (2)
Report the specific provisions applied to this loan item. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.2.1. Loans to public and private trading corporations – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses applied to this loan item.
6.2.2 Loans to private unincorporated businesses and CSOs
Private unincorporated businesses
This comprises 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.
Community service organisations (CSOs)
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:
CSOs and non-profit institutions controlled and mainly financed by government (include in general government).
6.2.2 Loans to unincorporated business and CSOs – Balance outstanding (1)
Include:
the total gross value of loans to Australian CSOs and unincorporated businesses.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.2.2 Loans to unincorporated business and CSOs – Specific provisions (2)
Report the specific provisions applied to this loan item. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.2.2. Loans to unincorporated business and CSOs – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting line, if this recorded or allocated by the institution on this basis.
6.2.3 Loans to ADIs and other financial institutions
Include:
treasury related short-term lending to other banks;
corporate banking customer relationship lending to other financial institutions;
loans and advances to other banks;
loans with banks and non-bank financial institutions; and
loans and advances to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity that are financial institutions.
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.
Include the following counterparties:
RBA
The RBA 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 APRA.
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 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.
RFCs
RFCs refers to corporations registered under the Financial Sector (Collection of Data) Act 2001 that are classified as Categories D and other and cash management trusts.
Include:
money market corporations (also referred to as “merchant banks”) (D);
pastoral finance companies, finance companies and general financiers (Other); and
cash management trusts.
A list of corporations registered under the Financial Sector (Collection of Data) Act 2001 and their classification is available on request.
Exclude:
intra group financiers registered under the Financial Sector (Collection of Data) Act 2001 Category I (record as private trading corporations).
Central borrowing authorities (CBAs)
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.
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; and
insurance brokers.
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: include in RFCs; 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;
investment companies; and
common funds including cash common funds.
6.2.3 Loans to ADIs and other financial Institutions – Balance outstanding (1)
Include:
the gross value of loans to ADIs and other financial Institutions. This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.2.3 Loans to ADIs and other financial Institutions – Specific provisions (2)
Report the specific provisions applied to this loan item. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.2.3. Loans to ADIs and other financial Institutions – General Reserve for Credit Losses (3)
Report the General Reserve for Credit Losses for this reporting item, if this recorded or allocated by the institution on this basis.
6.2.4. Loans to government
All levels of Australian 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.
Loans and advances are recognised at amortised cost, after assessing required provisions for impairment.
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 Defence, 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 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
the RBA and Commonwealth Government financial institutions such as Australian Industry Development Corporation (AIDC) and Export Finance and Insurance Corporation (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
sate and territory central borrowing authorities.
6.2.4. Loans to government – Balance outstanding (1)
Include:
the gross value of loans to Australian Commonwealth government. This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.2.4. Loans to government – Specific provisions (2)
If applicable sum the specific provisions applying to loans to Australian government bodies. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.2.5. Total commercial lending – Balance outstanding (1)
Sum the gross value of commercial lending.
This reporting item should be reported gross of any specific provisions and General Reserve for Credit Losses.
6.2.5. Total commercial lending – Specific provisions (2)
Report the aggregate specific provisions applying to commercial lending. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.2.5. Total commercial lending – General Reserve for Credit Losses (3)
Report the aggregate General Reserve for Credit Losses for this reporting line.
6.2.5.1. Total commercial lending 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.
6.2.5.2. Total commercial lending of which: Credit cards
Include:
the gross value of credit card liabilities by Australian counterparties.
6.2.5.3. Total commercial lending of which: Term loans – Fixed rate
Include:
the gross value of term loans that have a fixed interest rate. Exclude loans to householders for the purpose of housing.
6.2.5.4. Total commercial lending of which: Term loans – variable rate
Include:
the gross value of term loans that have a variable interest rate. Exclude loans to householders for the purpose of housing.
6.2.5.5. Total commercial lending of which: Leasing
Include:
the gross value of lease financing to counterparties.
This reporting item should be reported net of unearned revenue and gross of specific provision for doubtful debts.
6.2.5.6. Total commercial lending of which: Other loans
Include:
the gross value of loans to counterparties other than revolving credit loans; credit cards; housing loans; term loans; and leasing finance.
6.3. Total gross loans and advances – Balance outstanding (1)
Sum the gross value of loans and advances (to households and Commercial Lending).
6.3. Total gross loans and advances – Specific provision (2)
Record the specific provisions applying to the total loan portfolio. Where an ADI adopts a standardised approach under APS 220 (paragraph 11), as described in AGN 220.3, the value of the prescribed provision should also be included here.
6.3. Total gross loans and advances – General Reserve for Credit Losses (3)
Record the General Reserve for Credit Losses applying to the total loan portfolio.
6.3.1. Total gross loans and advances of which: Margin lending
Lending for the purpose of purchasing equities, where the underlying security is equities.
6.3.2. 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).
6.4 Less: Deferred fee income
Deferred fee income should be reported in this line item and deducted from Total gross loans and advances.
6.5 Loans and advances (net of specific provision, General Reserve for Credit Losses and deferred fee income)
Subtract “General Reserve for Credit Losses”, “Specific provisions” and “Deferred Fee Income” from “Total gross loans and advances”.
Other Investments
7.1. Parent entity
Report the total amount of equity investments in the parent entity defined in accordance with AASB 127 and AASB 3.
7.2. Controlled entities
Report the total amount of equity investments in controlled entities defined in accordance with AASB 127 and AASB 3.
7.3. Associates
Report the total amount of equity investments in associates. Defined in accordance with AASB 128.
7.4. Equity investments in former Special Service Providers (SSPs)
Report the total value of shareholdings in former SSPs and is to be completed by ADIs that have affiliations with SSPs.
7.5. Joint ventures
Report the total amount of interests in joint ventures (entities) defined in accordance with AASB 131.
7.6. Other
Report any other investments not included above.
7.7. Total other investments
Sum all reporting line items for “Other investments”.
Fixed assets
The reporting of all fixed asset 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 “Non-current assets and disposal groups classified as held for sale”.
8.1 Property
Include:
property (owner-occupied and investment) consistent with the classification and measurement basis used in AASB 116 Property (AASB 116), Plant and Equipment and AASB 140 Investment Property .
8.2 Plant and equipment
Include:
furniture, equipment (excluding information technology), re-modeling costs to existing premises, and interest capitalised during the period of construction of buildings in accordance with AASB 116.
8.3 Accumulated depreciation/impairment - Property, plant and equipment
Report total depreciation and impairment for all property, plant and equipment items.
8.4 Property, plant and equipment net of accumulated depreciation /impairment
Deduct “Accumulated depreciation/impairment” from the gross values for “Owner-occupied property”, “Investment property” and “Plant and equipment”.
8.5 Information technology
Separately identify computer equipment and software. However when computer equipment and software is treated as an intangible for accounting purposes (for example, in audited financial statements) it must be reported as part of intangible assets for prudential purposes and in this form..
8.6 Accumulated depreciation/impairment - Information technology
Report total depreciation and impairment for all Information technology items here.
8.7 Total information technology net of accumulated depreciation/impairment
Deduct “Accumulated depreciation / impairment – Information technology” from the gross values for “Information technology”.
8.8 Other
Report other fixed asset items not specifically mentioned above; e.g. leasehold improvements and capital leases.
8.9 Accumulated depreciation/impairment - Other
Report total depreciation and impairment for all “Other” items.
8.10 Accumulated depreciation/amortisation
Report total depreciation and amortisation for all “Fixed assets” items.
8.11 Net fixed assets
Deduct “Accumulated depreciation/amortisation” from the gross values for “Property, plant and equipment”, “Information technology” and “Other”.
Intangible assets
Intangible assets have been divided into “intangible assets with a finite life” and “Intangible assets with an infinite life” and “goodwill”.
Classification of assets as intangible assets must be in compliance with the Australian accounting authoritative pronouncements. As a guide ADIs are suggested to follow the disclosure adopted in its annual financial report.
9.1 Intangible assets with a finite life
Include:
total intangible assets with a finite life.
9.2 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.
9.3 Net Intangible assets with a finite life
Subtract the “Accumulated amortisation” from the “Intangible assets with a finite life”.
9.4 Intangible assets with an infinite life
Include:
total intangible assets with an infinite life.
9.5 Impairment
Include:
the total amount of impairment of intangible assets over the period from the date of acquisition to the end of the reporting period.
9.6 Net intangible assets with an infinite life
Subtract the “Impairment” from the “Intangible assets with an infinite life”.
9.7 Goodwill
Goodwill (determined in accordance with AASB 3) represents the excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities.
9.8 Impairment
Include:
the total amount of impairment over the period from the date of acquisition to the end of the reporting period.
9.9 Net goodwill
Include:
the net amount of goodwill after impairment.
9.10 Net intangible assets
Deduct “Accumulated amortisation” and “Impairment” from the gross values for “Intangible assets with a finite life”, “Intangible asset with an infinite life” and “Goodwill”.
Other assets
10.1 Interest receivable
Include:
interest accrued for but not yet received.
10.2 Capitalised debt raising/funding costs
Report costs associated with debt raisings and other similar transaction related costs.
10.3 Capitalised costs associated with establishing/setting up securitisation vehicles/programs
Report the balance of securitisation establishment costs that are capitalised and deferred.
10.4 Capitalised loan and lease origination fees and commissions paid to mortgage originators and brokers
Report origination fees and commissions deferred.
10.5 Other capitalised expenses of a general nature
Report any other capitalised expenses not reported above.
10.6 Derivative financial instruments
Include:
all derivatives consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 139. This applies to trading and banking book derivatives. Derivative financial instruments in existence prior to adoption of IFRS are to be reported in accordance with AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards.
10.7 DTA
Recognition of DTA are to be made in accordance with AASB 112 Income Taxes (AASB 112).
The amounts calculated and recognised for DTA asset must be noted separately in the following categories:
10.7.1 From tax losses
Report all DTA arising out of tax losses in accordance with AASB 112.
10.7.2 From specific provision and General Reserve for Credit Losses
Report all DTA associated with specific provision and General Reserve for Credit Losses.
10.7.3 Other
Report all deferred tax assets other than from tax losses, specific provision and General Reserve for Credit Losses.
10.8 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.
10.9 Defined benefit assets
Include:
defined benefit assets i.e. surplus, consistent with the classification and measurement basis used in AASB 119 Employee Benefits (AASB 119).
10.10 Non-current assets and disposal groups classified as held for sale
Include:
non-current assets and disposal groups classified as held for sale consistent with classification and measurement basis used in AASB 5 Non-current Assets Held for Sale and Discontinued Operations (AASB 5).
10.11 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.
10.12 Other
Include all other assets not separately identified above.
Include:
commodities other than gold bullion;
valuables;
artwork;
other receivables (commissions and fees); and
prepayments.
Exclude:
deposits, loans and other claims on related parties of the reporting entity, including claims on the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. These claims should be reported to the relevant item above.
10.13 Total other assets
Sum all the reporting items listed under “Other assets”.
Total assets
Sum all assets.
11.1.1 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 included where appropriate.
A subordinated debt is a loan or debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.2 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 included where appropriate.
A secured debt is a loan or debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.3 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 included where appropriate.
11.2.1. 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 included where appropriate.
A subordinated debt is a loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.2 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 included where appropriate.
A secured debt is a loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.3 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 included where appropriate.
Memo items
12.1 Outstanding principal balance of securitised assets
Report and provide a break up of the outstanding principle balance of all loans and other assets that have been sold to or originated into a SPV by or on behalf of the ADI or by a third party to a SPV sponsored by the ADI (eg warehouse trust). Do not include in these amounts any assets reported in “Total assets” above.
Include loans to:
households;
CSOs/non-profit institutions serving households;
non-financial corporations;
life insurance corporations;
pension funds;
other insurance corporations; and
other financial institutions (as defined in ‘Other Definitions’ above).
Exclude loans to:
general government;
RBA;
banks;
other ADIs;
RFCs; and
central borrowing authorities.
Also exclude any securitised intra-group loans.
12.2 Credit card chargebacks paid to card issuers during the reporting period
For SCCIs that are acquirers of credit card transactions for merchants, report the total value of chargebacks (transactions charged back to the merchant under card scheme rules as a result of disputes or fraud) paid to card issuers during the reporting period.
Section B: Liabilities
Due to clearing houses
Only include amounts due to recognised clearing houses such as the ASXCH and SFXCH in Australia or overseas. 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;
securities purchased not delivered/security settlements – record payables for unsettled purchases of securities only with financial institutions here. This item only arises if securities are recorded on a settlement date basis as opposed to a trade date basis; and
Vostro balances from banks and non-bank financial institutions.
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.
2.1. Due to RBA or central banks
Include:
settlement account balances due to the RBA. Funds borrowed from the RBA should also be reported in this data item.
2.2. Due to Banks
Include:
settlement account balances due to other Australian resident banks.
2.3. Due to other ADIs
Include:
settlement account balances due to other ADIs.
2.4. Due to RFCs
Include:
settlement account balances due to RFCs.
2.5. Due to other financial institutions
Include:
settlement account balances due to other financial institutions.
2.6. Total due to financial institutions
Sum the reporting items for amounts due to Australian resident financial institutions.
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
4.1.1. Deposits: Call/on demand: Transaction accounts
Transaction accounts include the following:
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. Do not include accounts which have a cheque facility but a cheque book has never been issued.
Other payment methods
Accounts from which payments may be made to third parties – Automated Teller Machines (ATMs), debit card or another electronic device.
All deposits are to be reported net off any setoffs (only if in accordance with AASB 132, AASB 7 and AASB 139).
Exclude from this classification:
negotiable and transferable certificates of deposit;
subordinated debt issues;
subordinated loans;
loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
securities sold under agreements to repurchase;
treasury related short-term borrowings from other banks; and
promissory notes.
4.1.1.1. Deposits: Call/on demand: Transaction accounts – Households/retail
The term households/retail is to be interpreted in the same way as for loans and advances.
4.1.1.2. Deposits: Call/on demand: Transaction accounts – Other
Include:
all other transaction call deposit accounts from other parties that are not classified as being from households or from banks and other ADIs; and
$A equivalent of foreign currency deposits.
4.1.2. Deposits: Call/on demand: Non-transaction accounts
Non-transaction accounts include the following:
NOW, Savings and other accounts without any transaction facilities attached (cheque, Electronic Funds Transfer at Point of Sale (EFTPOS), ATM).
Include:
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 on a call/demand basis;
other savings deposits on a call/demand basis; and
11am accounts and 24-hour money.
Exclude:
accounts with transaction facilities e.g. cheque book facilities, EFTPOS facilities, ATM;
negotiable and transferable certificates of deposit;
subordinated debt issues;
subordinated loans;
loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
securities sold under agreements to repurchase;
treasury related short-term borrowings from other banks; and
promissory notes.
4.1.2.1 Deposits: Call/on demand: Non-transaction accounts – Households/retail
The term households/retail is to be interpreted in the same way as for loans and advances.
4.1.2.2. Deposits: Call/on demand: Non-transaction accounts – Other
Include:
a. all other non-transaction deposit call accounts from other parties that are not classified as being from households.
4.2. Term deposits
An account in which money has be placed for a fixed period for a stated interest rate.
4.2.1. Term deposits – Households/retail
The term households/retail is to be interpreted in the same way as for loans and advances.
4.2.2. Term deposits – Other
Include:
all other term deposit accounts from other parties that are not classified as being from households.
4.3 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.
4.4. Deposits: Retirement saving accounts (RSAs)
RSAs are low risk/low return capital guaranteed products subject to the same restrictions as other superannuation products. Only an approved deposit taking institution, building society, credit union, life insurance company or a prescribed financial institution can be approved as an RSA. Some superannuation funds offer RSA lookalike products, but RSA's themselves are specifically approved non-trustee institutions.
4.5 Deposits: Other
Record in aggregate all other forms of deposits that are not included in the deposit account classifications noted above. For SCCIs, report all incidental credit balances on credit card accounts within this item (i.e. credit balances arising in the normal course of the SCCI’s credit card operations, such as prepayments by or refunds to credit card holders).
4.6 Total deposits
Sum the total of “Transaction”, “Non-transaction”, “Term deposits”, “Certificates of deposit” and “Other”.
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 the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity;
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 the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Exclude:
negotiable and transferable certificates of deposits;
subordinated loans, promissory notes, commercial paper with a residual maturity greater than 12 months; and
deposits.
5.1 Securities sold under agreements to repurchase
These transactions are to be recorded consistently with Australian accounting standard AASB 139. Where the transferee of the stock effectively receives a lender’s 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 bank’s physical stock positions recorded on the balance sheet in either Trading Securities or Investment Securities sections is not affected.
5.2 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”.
5.3 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”.
5.4.1.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”.
5.4.2.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”.
5.5.1.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.
5.5.2.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.
5.6. Total other borrowings
Sum the component parts listed under “Other borrowings”.
Income tax liability
Recognition of current and deferred tax liabilities are to be made in accordance with AASB 112. In addition, this should relate to Australian business operations.
6.1. Total income tax liability
Sum the income tax liability items relating to Australian business operations.
Provisions
7.1. Dividends
A provision for dividends is the allowance that the reporting entity has made in terms of the obligation for declared dividends.
7.2. Employee entitlements
Include:
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 119.
7.3. Non-lending losses
Include:
provision for self insurance;
frauds;
litigation, fraud detection and prevention;
forgeries; and
non-transferred insurance risks.
7.4. Restructuring costs
Report all provisions raised for the restructuring of an organisation.
Include:
severance, termination and redundancy payments; and
integration costs.
7.5. 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.
7.6. 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.
8.1. 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;
inflation-indexed bonds;
floating-rate notes;
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 paper with a residual maturity of 12 months or less; and
short-term debt securities from the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
8.2. 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 due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
Exclude:
loan capital (e.g. subordinated loans);
short-term loans due to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity; and
treasury related short-term borrowings from other banks.
8.2.1.Long-term 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.
8.2.2.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.
8.3. Total bonds, notes and long-term borrowings
Sum the total face value of all "Bonds, notes and long-term borrowings"
Creditors and other liabilities
9.1 - 9.2 Defined benefit liabilities
Include:
defined benefit liabilities i.e. deficit, consistent with the classification and measurement basis used in AASB 119.
Distinctions between current and non-current defined benefit liabilities are to be made in accordance with AASB 101 Presentation of Financial Statements.
9.3 Interest payable
Include:
interest accrued for but not yet paid.
9.4 Unearned interest
Include:
interest received but not yet earned e.g. interest received in advance on fixed interest loan portfolio.
9.5 Derivative financial instruments
Include:
all derivatives consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 139. This applies to trading and banking book derivatives. Derivative financial instruments in existence prior to adoption of IFRS are to be reported in accordance with AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards.
9.6 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.
9.7 Due to merchants
For SCCIs, report any amounts owed to merchants as a result of acquiring credit card transactions.
9.8 Liabilities included in disposal groups classified as held for sale
Include:
liabilities included in disposal groups classified as held for sale consistent with AASB 5 (paragraph 38.)
9.9 Share capital repayable on demand
Include:
members’ shares in co-operatives classified as liabilities consistent with AASB 132 and AASB 7.
9.10 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 related parties of the reporting entity, including liabilities to the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity. These liabilities should be reported to the relevant item above.
9.11 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 and have a residual term to maturity of more than one year.
Classification is to be consistent with AASB 132 and AASB 7.
As a guide include:
preference shares;
convertible notes; and
subordinated loans of a residual maturity of more than one year.
10.1 Members withdrawable shares
Include the value of credit union member withdrawable shares. This item should be prepared in accordance with the APRA prudential treatment and not applicable accounting standards. For prudential purposes, a credit union member share is classified as a liability and is not capital. In the event of redemption, the liability would be reduced by the issue value of shares redeemed.
10.2 Loan capital
As a guide include:
subordinated loans of a residual maturity of more than one year.
10.3 Hybrid securities
As a guide include:
converting preference shares; and
convertible notes.
10.4 Total loan capital and hybrid securities
Total all “Loan capital and hybrid securities” items listed above.
11. Total liabilities
Sum all liabilities.
11.1.1. 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 loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.2. 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 loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.1.3. 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.
11.2.1.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 loan/debt security that ranks below other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.1 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 loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
11.2.2.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.
11.3. 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 loan/debt security that ranks above other debts should a company be wound up. This includes all debt securities both short and long-term.
Net assets
Calculated as “Total assets” less “Total liabilities”.
Section C: Shareholders’ equity
Note:
on a monthly basis, institutions only need to provide shareholders’ equity value in aggregate, however the detailed disclosure may be provided if the institution prefers; and
on a quarterly basis, (month ending on a calendar quarter e.g. March, June, September, December), the full detail of shareholders value is to be provided.
Share capital
1.1. Ordinary shares
Include:
ordinary share capital on issue.
1.2. Preference shares
Preference shares have a priority over dividend payments and to the assets of the reporting company.
1.3. Other
Include:
any other form of share capital not included above (e.g. income securities).
1.4. Total share capital
Total all “Share capital” items listed above.
Reserves
2.1. General reserves
This is derived from revenue profits and is mostly available for dividend payment.
Exclude from General Reserves any portion of General Reserve for Credit Losses that forms part of shareholders’ equity. These excluded amounts are to be recorded in the General Reserve for Credit Losses column in the assets section of this form.
2.2. 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 116. Due to the disposal of these assets, the balance of the asset revaluation reserve (ARR) associated with these assets has been transferred to a capital profits reserve.
2.3.1 ARR – Owner-occupied property
Include:
the balance of the ARR relating to the revaluation of owner-occupied property
2.3.2 ARR – Plant and equipment
Include:
the balance of the ARR relating to the revaluation of property, plant and equipment.
2.3.3 ARR - Intangibles revaluation surplus
Include:
the balance of the ARR relating to the revaluation of intangible assets.
2.3.4 ARR – Investment in subsidiaries
Include:
the balance of the ARR relating to the revaluation of investment in subsidiaries.
2.3.5 ARR – Investments in associates/share of associates
Include:
the balance of the ARR relating to the revaluation of investments in associates.
2.3.6 ARR – Relating to non-current assets or disposal groups held for sale
Include:
the balance of the ARR relating to revaluation of non-current assets or disposal groups held for sale in accordance with AASB 5.
2.3.7 ARR - Other
ARR relating to the revaluation of other assets.
2.4 Foreign currency translation reserve
Include:
the exchange rate differences arising on translation of assets and liabilities in accordance with AASB 121.
2.5.1 Available for sale reserve – Marketable securities
Include:
available for sale reserve for all marketable securities (debt and equity) consistent with the classification and measurement basis used by institutions in accordance with AASB 130 and AASB 7.
2.5.2 . Available for sale reserve – Other
Include:
available for sale reserve for loans and advances and all other items not separately identified above, consistent with the classification and measurement basis used in AASB 139, AASB 132 and AASB 7.
2.6 Cash flow hedge reserve
Include:
the effective portion of the gain or loss on the cash flow hedging instrument as required by AASB 139, AASB 132 and AASB 7.
2.7 Share based payments reserve
Include:
the equity settled share based payments reserve amounts as required by AASB 2 Share based Payments.
2.8 Other reserves
Include:
all reserves not separately identified above. Report dividend reinvestment plan reserve in this reporting item.
2.9 Total reserves
Sum the reporting items listed under “Reserves”.
3. Retained profits or accumulated losses at the end of the period
4. Total shareholders’ equity
Sum the reporting items: “Shareholders’ equity”.
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