Document ID: chunk:federal_register_of_legislation:F2021L01119:body:0:p5
Version: federal_register_of_legislation:F2021L01119
Segment Type: other
Provision Reference: 
Character Range: 13163–16156

Liabilities due to SPVs
    4.1.5.  Liabilities due to other related parties

Reporting Form ARF 720.3

ABS/RBA Intra-group Assets and Liabilities

Instructions

These instructions assist completion of Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3). ARF 720.3 collects information relating to assets due from related parties and liabilities due to related parties of ADIs and RFCs.

Information reported in ARF 720.3 is required primarily for purposes of the ABS and the RBA. Items on ARF 720.3 are required for various purposes, including the compilation of Australia's National Accounts. Information reported in ARF 720.3 may be used by APRA for prudential and publication purposes.

Reporting level

ARF 720.3 must be completed by each ADI and RFC to which this Reporting Standard applies under paragraphs 4 or 5.

Reporting basis and unit of measurement

These instructions specify the reporting basis and unit of measurement that applies to each item.

Items on ARF 720.3 must be reported as at the end of the reporting period.

For reporting purposes, unless otherwise specified otherwise, enter data as a positive number.

Counterparties

Intra-group transactions or positions are those undertaken with related parties of the reporting entity that are not consolidated at the domestic books level.

Include related parties that are both residents and non-residents.

Values

Report all items on ARF 720.3 in accordance with the Australian Accounting Standards unless otherwise specified. Report credit outstanding for loans and finance leases gross of collective provisions, however net of individual provisions.[2] Note that this differs from the reporting of loans and finance leases under Australian Accounting Standards.

Report monetary amounts on ARF 720.3 in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.

Report items on ARF 720.3 in whole dollars.

Standard Business Reporting (SBR)

The accounting balance type (i.e. credit or debit) is stated for all monetary items and represents the natural accounting type of the item collected.

Specific instructions

Terms highlighted in bold italics are defined in ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.

Examples included under 'Include' and 'Exclude' must not be taken as an exhaustive list of items to be included or excluded.

     1. Intra-group assets – by asset type

Item 1 collects information on the value of assets due from related parties (intra-group assets) by type of asset, and counterparty of the borrower for loans and finance leases.

SBR: submit item 1 with accounting type of debit (assets).

Report securities adjusted for the value of short-sold positions. That is, report the value