Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p31
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 114212–117867

or salaries (e.g. free or discounted goods or services) are received by their employees (or associates of employees) in connection with their employment.

Fully secured                      Means finance with a loan-to-valuation ratio of less than or equal to 100 per cent.

G

Goodwill  Means 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.

          Goodwill is to be determined in accordance with AASB 3.

H

Haircut                                           Means the difference between the market value of an asset and the purchase price paid at the start of a repo or reverse repo, or a securities lending or securities borrowing transaction. It is expressed as the percentage deduction from the market value of collateral.

Hardware and software application costs           Means hardware and software purchased from third parties (i.e. material costs).

Holding gains / losses on assets and liabilities  Refers to realised and unrealised gains / losses on assets and liabilities.

                                                  Realised gains / losses on assets and liabilities refer to changes in the value of assets and liabilities as a result of closing or disposal of assets and liabilities.

                                                  Unrealised gains / losses on assets and liabilities refer to changes in the value of assets and liabilities as a result of changes in the market value of those assets and liabilities.

Home equity loan                                  Means a secured revolving credit facility that is secured by the borrower's equity in residential property.

Hybrid securities                                 Means securities that combine elements of debt securities and equity securities.

                                                  Regulatory capital instruments such as Additional Tier 1 and Tier 2 capital instruments are types of hybrid securities.

                                                  A distinction is made in reporting between hybrid securities treated as liabilities and hybrid securities treated as equity under Australian Accounting Standards.

Hybrid securities treated as liabilities          Means hybrid securities that are treated as liabilities under Australian Accounting Standards.  Report these as long-term debt securities and separately identified where instructed.

Hybrid securities treated as equity               Means hybrid securities that are treated as equity under Australian Accounting Standards.  Report these as equity securities.

I

'In use' information technology equipment           Refers to information technology equipment classified as property, plant and equipment (including software applications that are an integral part of hardware) used in the production process of the institution as at the reporting date.

Individual provision                                Means all provisions for impairment assessed by an ADI or RFC on an individual basis as defined by the Australian Accounting Standards.

Industrial buildings                                Means any non-residential buildings (or parts of such buildings) where the primary purpose is for manual labour or storage.

                                                    It includes:

                                                         * warehouses; and
                                                         * factories.

Industrial machinery and equipment                  Represents machinery and equipment where the primary business function