Finance Companies and General Financiers – Selected Assets and Liabilities

These data are derived from returns submitted by corporations registered as Category ‘Other’ under the _Financial Sector (Collection of Data) Act 2001_. Category ‘Other’ includes corporations formerly registered as Category F (Finance Companies), G (General Financiers) and E (Pastoral Finance Companies) under the _Financial Corporations Act 1974_. Along with Category D (Money Market Corporations), these corporations are known collectively as Registered Financial Corporations (RFCs).

In April 2003, responsibility for the collection of financial statistics from Registered Financial Corporations (RFCs) was transferred to APRA. Previously, these data were collected by the RBA under the now repealed Financial Corporations Act 1974. The introduction of new reporting forms in April 2003 has led to some significant breaks in series and affected definitions and categories shown for these institutions. There are other breaks from time to time in the historical data due to changes in the number of reporting corporations. Details of data reported by individual corporations are confidential.

Since December 1999, the collections cover RFCs whose assets in Australia (including related corporations) exceed $50 million. Prior to December 1999, this threshold was set at $5 million. This change resulted in breaks in all series covering RFCs.

The collection of statistics from the authorised money market dealers (formerly Category C corporations under the Financial Corporations Act 1974) ceased from August 1996.

From April 2003, the data are derived from RRF 320.0: Statement of Financial Position collected by APRA. Prior to April 2003, the data were derived from the FCA forms: D1, E1, F1 and G1 which were collected by the RBA.

‘AFIs’ refers to banks, credit unions, building societies, SCCIs, RFCs and the RBA.

From April 2003, ‘Cash and liquid assets – Cash and balances with AFIs’ includes cash and deposits and placements with AFIs. Prior to April 2003, this series includes cash and deposits and placements with banks and RFCs.

From April 2003, ‘Cash and liquid assets – Other’ includes gold bullion and deposits and placements with clearing houses and other (non-AFI) financial institutions. Prior to April 2003, this series includes deposits and placements with all institutions other than banks and RFCs. This series also includes placements with authorised money market dealers prior to August 1996.

‘Trading and investment securities – Debt’ includes commercial paper and promissory notes, bills of exchange and all other debt securities held by all counterparties.

‘Loans and advances – Household’ includes housing and other personal loans to households, and excludes finance lease receivables.

From April 2003, ‘Loans and advances – Business’ includes loans to the following counterparties: private trading corporations, private unincorporated businesses, public non-financial corporations, community service organisations and other (non-AFI) financial institutions. Prior to April 2003, this series includes loans to all counterparties other than households and RFCs, and also includes bills of exchange accepted by the reporting corporation. This series excludes finance lease receivables.

From April 2003, ‘Loans and advances – AFIs’ includes loans to AFIs. Prior to April 2003, this series only includes loans to RFCs (loans to other AFIs are included in ‘Loans and advances – Business’). This series excludes finance lease receivables.

From April 2003, ‘Borrowings from residents – Borrowings from AFIs’ includes deposits and placements due to AFIs and short-term loans from ADIs. Prior to April 2003, this series includes borrowings from banks and related RFCs.

From April 2003, ‘Borrowings from residents – Deposits and placements’ includes deposits and placements due to the following counterparties: private trading corporations, private unincorporated businesses, public non-financial corporations, community service organisations and other (non-AFI) financial institutions.

From April 2003, ‘Borrowings from residents – Other’ includes borrowings by the issue of promissory notes, bills of exchange and other debt securities, short-term loans from non-ADIs and all long-term loans. Prior to April 2003, this series includes borrowings from all counterparties other than banks and related RFCs, and borrowings by the issue of promissory notes, debentures, unsecured notes and bills of exchange accepted by banks.


Tags: companies, finance, financier, rba, statistics
Organization: Reserve Bank of Australia