Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p28
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 102823–107207

workers' compensation who continue to be paid through the payroll.

                                            It excludes:

                                                 * persons paid by commission only (i.e. a retainer/wage/salary is not paid);
                                                 * contractors paid on invoice;
                                                 * non-salaried directors;
                                                 * self-employed persons such as consultants or contractors who are not employees of this business; and
                                                 * volunteers.

Employer contributions into superannuation  Refers to all contributions made by employers on behalf of employees into superannuation funds, including additional salary sacrificed superannuation contributions.

                                            It includes:

                                                 * all contributions incurred (gross of contributions tax) that are due to either self-managed superannuation funds or other superannuation funds;
                                                 * contributions made in respect of award, superannuation guarantee and enterprise bargaining agreements; and
                                                 * contributions arising from salary sacrifice agreements.

Endorsed (bills of exchange)                Means bills of exchange that create a contingent liability for the endorser to pay out the funds conditional on the bearer/holder demanding payment.

Equity securities                           Means securities, as defined by the Australian Accounting Standards, that evidence a residual interest in the assets of an entity after deducting all its liabilities.

                                            It includes:

                                                 * preference shares; and
                                                 * hybrid securities treated as equity.

Exception fees charged                      Means pre-determined charges that are imposed in the event of a breach of contract by the customer.

                                            It includes fees for:

                                                 * late payment;
                                                 * insufficient funds in a deposit account; and
                                                 * overdrawn credit limit where there is no overdraft facility.

                                            It excludes fees for:

                                                 * overdrawn accounts with a pre-arranged overdraft facility; and
                                                 * break fees charged.

Excess repayments                           Means any repayment amount by which actual repayments exceed scheduled repayments during a specified period.

Exclusive contract                          Means an arrangement where the lender or its agent negotiates an exclusive arrangement with a borrowing counterparty.  The borrower pays a set upfront fee for exclusive access to borrow from the lender's securities portfolio.

Existing dwelling                           Means a dwelling that has been previously occupied.

Exposure size                               Means the value of all liabilities that a borrower has owing to the ADI or RFC.

External refinance                          Occurs where a new loan is obtained to replace an existing loan that was provided by a different lender (e.g. for ADIs, a lender that is not within the regulated ADI itself).
                                            For housing, it includes refinancing an existing loan for the same residential property.
                                            It excludes: refinanced housing loans used for a different residential property.
Extraordinary/ special dividend             Refers to non-recurring, irregularly scheduled and declared dividends which are separate from the normal dividend cycle of this ADI or RFC. The dividend is disproportionately large relative to the recent level of normal dividends paid.

F

(Lending) Facility                 Refers to one or more accounts/lending agreements that:

                                        * are for the same borrower(s);
                                        * are approved at the same point in time and/or as