NON-CONFIDENTIALITY DETERMINATION NO. 5 OF 2005
Determination that information is non-confidential (information provided by locally-incorporated banks and foreign authorised deposit-taking institutions under Reporting Standard ARS 320.0 (2003))
EXPLANATORY STATEMENT
Issued by the authority of the Australian Prudential Regulation Authority (‘APRA’)
Australian Prudential Regulation Authority Act 1998 (‘APRA Act’), s 57
Non-Confidentiality Determination No. 5 of 2005 (the ‘Determination’), made on 13 May 2005 is APRA’s twelfth determination under s 57 of the APRA Act. The purpose of the Determination is to enable APRA to publish an edition of Monthly Banking Statistics, which will contain data in respect of April 2005.
Legislative background
Subsection 56(5C) of the APRA Act provides that it is not an offence against s 56(2) of that Act to disclose information in a reporting document given to APRA under s 13 of the Financial Sector (Collection of Data) Act 2001 where APRA has determined, under s 57, that the document does not contain confidential information.
Section 57 of the APRA Act gives APRA power to determine whether a document given under s 13 of the Financial Sector (Collection of Data) Act contains confidential information. The section provides that before doing so APRA must give relevant entities or bodies, or their representative association, a reasonable opportunity to make representations as to whether information of the kind contained in the document is confidential, and take such representations into account.
Information covered by the determination
The Determination provides that certain information given to APRA under Reporting Standard ARS 320.0 (2003) Statement of Financial Position (Domestic Books) (made under s 13 of the Financial Sector (Collection of Data) Act), being information received after APRA’s last determination under s 57, non-confidential. It applies to information given to APRA by foreign ADIs (generally banks) and locally-incorporated banks.
The Determination excludes information of a sensitive nature, including information relating to shareholder’s equity, total income tax liability and total tax provisions. The latter two items were excluded as a result of consultations with industry under s 57 of the APRA Act (see below).
Items that will be disclosed (and which are covered by the Determination) are set out in Appendix A to the Explanatory Statement.
Consultation
APRA commenced consultations in relation to whether information of the kind covered by the Determination should be treated as non-confidential by writing to locally-incorporated banks, foreign ADIs, and their respective representative bodies, on 24 December 2003. Most agreed that information of the kind covered by the Determination could be treated as non-confidential. A small minority objected to the publication of any information from ARS 320.0, but in APRA’s view there is a strong public interest in the publication of the information, and it is noted that similar information was regularly published under the former s 51 of the Banking Act 1959.
Regulation Impact Statement
The Office of Regulation Review has exempted APRA from the requirement to provide a Regulation Impact Statement in relation to the Determination.
Appendix A: List of items to be published in the Monthly Banking Statistics publication
Table 1: Selected Assets on Australian Books of Individual Banks
Cash and liquid assets
Trading securities
Investment securities
Acceptances of customers
Gross loans and advances
Other investments
Total resident assets
Outstanding value of all assets that have been securitised
Value of housing loans securitised during the month
Table 2: Loans and Advances on Australian Books of Individual Banks
Loans to non-financial corporations
Loans to financial corporations
Loans to general government
Housing loans - owner-occupied
Housing loans - investment
Household credit cards
Other household loans
Loans to community service organisations and non-profit institutions
Total gross loans and advances
Intra-group loans and advances
Table 3: Selected Liabilities on Australian Books of Individual Banks
Due to clearing houses and financial institutions
Acceptances
Total deposits
Intra-group deposits
Bonds, notes and long-term borrowings
Other borrowings
Table 4: Deposits on Australian Books of Individual Banks
Deposits from non-financial corporations
Deposits from financial corporations
Deposits from general government
Deposits from households
Deposits from community service organisations and non-profit institutions
Other deposit accounts
Certificates of deposit
Total deposits