Financial Sector (Collection of Data) (reporting standard) determination No. 37 of 2006 Reporting Standard ARS 391.0 Commercial Finance (Cth)

Financial Sector (Collection of Data) (reporting standard) determination No. 37 of 2006

Reporting standard ARS 391.0 Commercial Finance

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 391.0 (2005) Commercial Finance; and

·DETERMINE the Reporting standard ARS 391.0 Commercial Finance 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 391.0 Commercial Finance comprises 58 pages commencing on the next page.

Reporting Standard ARS 391.0

Commercial Finance
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all authorised deposit-taking institutions, except locally-incorporated special service providers and specialist credit card institutions, to report to APRA, generally on a monthly basis, in relation to their commercial finance.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
·Form ARF 391.0.1 Commercial Finance in NSW;

·Form ARF 391.0.2 Commercial Finance in VIC;

·Form ARF 391.0.3 Commercial Finance in QLD;

·Form ARF 391.0.4 Commercial Finance in SA;

·Form ARF 391.0.5 Commercial Finance in WA;

·Form ARF 391.0.6 Commercial Finance in TAS;

·Form ARF 391.0.7 Commercial Finance in the NT; and

Form ARF 391.0.8 Commercial Finance in the ACT,
and the associated instructions (all of which are attached and form part of this reporting standard).
Purpose

Data collected in Forms ARF 391.0.1 to 391.0.8 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 authorised deposit-taking institutions (ADIs) except locally-incorporated special service providers and specialist credit card institutions (whether locally-incorporated or not).
Information required
An ADI that is a:

(a) locally-incorporated bank; or
(b) foreign ADI (other than a specialist credit card institution)
must complete each of Forms ARF 391.0.1 to 391.0.8 on a domestic books basis for each reporting period.

An ADI that is:

(a)      a locally-incorporated credit union;
(b)     a locally-incorporated building society; or
(c)      Cairns Penny Savings & Loans Limited
must complete each of Forms ARF 391.0.1 to 391.0.8 on a licensed ADI basis for each reporting period.
Forms and method of submission

The information required by this reporting standard must be given to APRA either:
(a)in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b)manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 7, an ADI must provide the information required by this reporting standard for each calendar month.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this reporting standard more frequently, or less frequently, having regard to:
(a)the particular circumstances of the ADI;
(b)the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c)the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
The information required by this reporting standard must be provided to APRA by 10 business days after the end of the reporting period to which it relates.
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Authorisation
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:

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

APRA may make minor variations to:

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

If APRA makes such a variation it must notify in writing each ADI that is required to report under this reporting standard.
Transitional
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.
foreign ADI means an ADI that is not incorporated in Australia.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
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 in the ADI list, then:
(a)if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard;
(b)if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated building society for the purposes of this reporting standard;
(c)if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated credit union for the purposes of this reporting standard; and
(d)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 to 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 locally-incorporated bank, locally-incorporated building society, locally-incorporated credit union, locally-incorporated special service provider 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 under paragraph 6 or, if applicable, paragraph 7.

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 391.0
Commercial Finance
Instruction Guide
The purpose of this survey is to provide monthly statistics on finance provided to private and public sector businesses. The statistics are used by the APRA for regulatory purposes, and may be provided to the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS) for policy and statistical purposes. Published aggregate statistics from this collection are used for research and policy formulation by economists, state and federal governments, and leasing associations.
A separate form for commercial finance in all eight states should be completed:
ARF 391.0.1 Commercial Finance in NSW;
ARF 391.0.2 Commercial Finance in VIC;
ARF 391.0.3 Commercial Finance in QLD;
ARF 391.0.4 Commercial Finance in SA;
ARF 391.0.5 Commercial Finance in WA;
ARF 391.0.6 Commercial Finance in TAS;
ARF 391.0.7 Commercial Finance in NT; and
ARF 391.0.8 Commercial Finance in ACT.
General directions and notes
Reporting entity[1]
[1] By individual agreement with APRA.
This form is to be completed by all locally incorporated banks and foreign authorised deposit taking institutions (ADIs) on a Domestic books basis.
The Domestic books of the locally incorporated banks and foreign ADI relates to the Australian books of the Australian ADI and has the following scope:
is an unconsolidated report of the Australian licensed ADI's operations/transactions that are booked inside Australia;
exclude offshore branches of the Australian licensed ADI from this reporting unit;
exclude offshore banking units based overseas from this reporting unit;
do not consolidate Australian and offshore controlled entities or associated entities that are not ADIs;
include Australian based offshore banking units of the licensed ADI; and
include transactions with non-residents recorded on Australian books.
This form should be completed by all Credit Unions, Cairns Penny Savings & Loans Limited, Building Societies on a licensed ADI basis.
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
The information provided in this form should be for the calendar month up to and including the last day of the reporting month. Locally incorporated banks, Foreign ADIs, Credit Unions, Cairns Penny Savings & Loans Limited and Building Societies should submit the completed form to APRA within 10 business days after the end of the relevant reporting month.
Unit of measurement
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;[2]
[2]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;[3]
[3]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). However, those foreign currency derivatives that are not within the scope of AASB 139 (e.g. 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.
Basis of preparation
Unless otherwise specifically stated, information reported on this form should comply with Australian accounting standards.
Definitions
A separate form for commercial finance in all eight states should be completed. Where the entity has no activity in any state, check the “nil form” box. The form requests details of new commitments to provide commercial finance to private and public enterprises and individuals. Only the Australian activities of the business should be included on the form. If exact figures are not available please provide careful estimates. Please note that the items listed under ‘Including’ and ‘Excluding’ are examples and should not be taken as a complete list of items to be included or excluded.
What is a “commitment”?
A commitment is a firm offer to provide finance which has been accepted by the client. A commitment generally exists once the loan application has been approved, and a loan contract or letter of offer has been issued to the borrower.
Include:

commitments to related corporations except to those related corporations within the same Financial Sector (Collection of Data) Act 2001 category or Australian and New Zealand Standard Industrial Classification (ANZSIC) class;
commitments for hire purchase agreements for commercial finance;
commitments for debt participation in leveraged lease agreements;
commitments that involve or make provision for the issue of bills of exchange to be accepted, discounted or drawn by you;
new commitments which have also been cancelled during the month;
commitments for standby agreements; and
commitments for revolving credit loans to individuals secured by mortgage (mortgage backed overdrafts) on residential properties where the stated purpose at application is as a commercial line of credit.
Exclude:
commitments to non-residents;
commitments for lease agreements (other than hire purchase agreements and debt participation in leveraged lease agreements), these should be reported on ARF 393.0 Lease Finance;
deposits with financial institutions;
the purchase of securities unless it involves a direct commitment to a client;
bills of exchange and promissory notes purchased and held;
commitments contingent on some specified eventuality (e.g. bill endorsement, guarantees, letter of credit) unless and until that eventuality occurs;
commitments for discounts which exists as options under acceptance commitments; and
commitments for personal investment loans – these should be reported on ARF 394.0 Personal Finance.
What is a “dwelling”?
A dwelling is a place of residence which is:
contained in a building which is an immobile structure;
private (i.e. not generally accessible to the public); and
self contained (i.e. includes bathing and cooking facilities).
How to consolidate
For corporations registered under the Financial Sector (Collection of Data) Act 2001, report consolidated figures for all related corporations within the same Registered Financial Corporation category.
For other corporations, report consolidated figures for all related corporations within the same ANZSIC industry.
Specific instructions
Part A: New commitments for fixed loans – By purpose
The purpose of the loan is that specified by the borrower. Multi-purpose loans should be split and each component reported in the appropriate purpose classification. Where this is not possible the whole loan should be classified to the major purpose.
Fixed loans generally involve a commitment for a fixed period for a specific purpose and repayments over that fixed period which reduce the loan, but do not make further finance available.

Construction finance
a) Erection of dwellings for rental/resale
Include:

only dwellings that will be occupied by persons other than the owner(s).
d) Erection of industrial buildings
Include:
factories, automotive repair facilities etc.
e) Erection of other non-residential buildings
Include:
hotels, buildings for educational, religious, health, entertainment and recreational purposes.
f) Erection of non-building structures
Include:
roads, bridges, railways, harbours, telecommunication towers, dams, powerlines, pipelines, sewers.
g) Alteration and/or additions
Include:
all structural and non-structural changes to existing buildings.
Exclude:
maintenance and repairs (include in Question 7); and
improvements which do not involve building work (include in Question 7).

Finance for the purchase of land and buildings
Include such things as are considered by law to be part of land (e.g. fencing).
a) Purchase of dwellings for rental/resale
Include:

only dwellings that will be occupied by persons other than the owner(s).

d) Purchase of industrial buildings
Include:
factories, automotive repair facilities etc.
e) Purchase of non-residential buildings
Include:
hotels, buildings for educational, religious, health, entertainment and recreational purposes.
f) Purchase of rural property
Include:
all property used for agricultural or pastoral purposes.
g) Other land purchases
Include:
land not elsewhere included.

Wholesale finance
Wholesale finance is finance for the purchase of goods by wholesalers and retailers.
Include:

traders' stocks held under bailment or floorplan schemes.

Purchase of plant and equipment
a) Motor vehicles
Include:

cars, station wagons, utilities, trucks, ambulances and passenger vehicles such as buses.
Exclude:
motorcycles, trailers, caravans, trains, boats and planes (include in ‘Other transport equipment’ below).
b) Other transport equipment
Include:
motorcycles, trailers, caravans, trains, boats and planes.
c) Other plant and equipment
Include:
construction and earthmoving equipments;
agricultural machinery; and
EDP and office equipment.

Refinancing
Include:

commitments where the principal purpose is to pay out (refinance) existing commercial loans.

Other
Include:

maintenance and repairs, and other improvements to property not involving building work.

Of the new commitments for fixed loans (Question 1 to 7), how much was debt participation in leveraged leases
The amount of debt participation in leveraged leases should be included in fixed loans (Question 1 to 7).
Part B: New commitments for revolving credit loans
Revolving credit facilities involve a commitment for a credit or borrowing limit and where the extent of the borrowings used at any one time may be for any amount up to the authorised limit. Repayments (other than of charges and interest) reduce the borrowings thereby increasing the amount of unused credit available. For example, overdrafts limits (mortgage backed overdrafts).
Cancellations of, and reductions in previously approved credit limits
Include:

the actual value of credit limits cancelled and the value by which existing credit limits were reduced during the month.
Exclude:
amounts used as balancing or adjustment items (such as adjustments between states). These should be reported in Question 15; and
repayments which reduce the used portion of the credit facility but not the total credit available. These should be excluded from the form altogether.

Balancing item (+/-)
If the previous month's 'total credit limits available' (Q12 last month) plus (+) 'total new limits approved' (Q11) minus (-) 'cancellations' (Q14) does not equal the current month's 'total credit limits available' (Q12), please provide the amount and a reason for this discrepancy.
Part C: New commitments – By industry
Industry is the business the client is mainly engaged in. The industry groupings are according to the ANZSIC. Include businesses that provide related or supporting services.
Agriculture, forestry and fishing
Include:

borrowers engaged in providing related services such as sheep shearing, aerial agricultural services, harvesting or forest protection.

Mining
Include:

borrowers engaged in mineral exploration, in the provision of services to mining or mineral exploration, and mining enterprises under development.

Manufacturing
Include:

borrowers engaged in manufacturing products, where 'manufacturing is related to the physical or chemical transformation of materials or components into new products'.

Construction
Include:

borrowers engaged in special trade construction such as plumbing, earthmoving and dredging, painting etc.

Wholesale trade
Include:

borrowers engaged in the resale of new or used goods to businesses or to institutional (including Government) users.

Retail trade
Include:

borrowers engaged in the resale of goods to final consumers for personal or household consumption; and
borrowers engaged in the reselling their own goods by auction.

Transport and storage
Include:

borrowers engaged in providing terminal and storage facilities; services related to transport; booking, travel, forwarding, materials handling etc.

Finance and insurance
Include:

borrowers engaged in the provision of finance, investments in financial assets and in providing services to lenders, borrowers and investors; and
borrowers engaged in the provision of insurance and superannuation, and in providing services to insurers.

Property and business services
Include:

borrowers engaged in valuing, purchasing, selling, renting, leasing or managing real estate;
borrowers engaged in developing or subdividing land;
borrowers engaged in scientific research and meteorological services;
borrowers engaged in providing technical, legal, accounting and other business services; and
borrowers engaged in renting and hiring equipment (except cars, trucks, and other transport equipment).

Cultural, recreational, personal and other services
Include:

borrowers engaged in providing entertainment, recreational, library, museum, accommodation, and catering services;
borrowers engaged in personal services such as laundries, hairdressing, photography, funerals;
private households employing staff; and
borrowers engaged in the provision of public order and safety services (such as police, prison and fire-brigade).

Government administration and defense
Include:

borrowers engaged in Federal, State and Local government enterprises engaged in public administration and regulatory activities;
judicial authorities and commissions; and
Army, Navy and Air Force establishments.

Health and community services
Include:

borrowers engaged in providing health, welfare and employment services; and
certain non-profit organisations such as religious organisations, business, professional and labour organisations, and political parties and associations formed to promote community or sectional aims.

Other industries
Include:

borrowers not elsewhere classified, such as those involved in the production or distribution of gas or electricity, the storage or supply of water, and the provision of education and communication services.

Total
The total equals the sum of questions 16 to 28. The total of fixed loans in Question 30 should equal the total of fixed loans in Question 8. The total of revolving credit in Question 30 should equal the total of new revolving credit in Question 11.
Part D: Comments
Please provide comments

on any of the information you have supplied on this form;
on any questions which caused problems; and
if you would like to suggest improvements to this form.