Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p22
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 79253–83261

and maintenance;
                                                  * structural and non-structural changes to dwellings (e.g. garages, carports, pergolas, re-roofing, re-cladding etc.);
                                                  * structural and non-structural changes to non-residential buildings (e.g. renovations and refits); and
                                                  * non-building work that improves the value of properties with attached dwellings or non-residential buildings (e.g. pools or landscaping).

                                             It excludes:

                                                  * dwelling or non-residential building furnishings not attached to the property. Report these under the appropriate personal or business purpose sub-class;
                                                  * changes to dwellings that result in the creation of new dwelling (e.g. an attached granny-flat). Report these as construction; and
                                                  * conversions from non-residential buildings to dwellings (and vice versa). Report these as construction.

Amortisation and impairment of software      Report Amortisation and impairment of software in accordance with the treatment of computer software as outlined by AASB 138 Intangible Assets (AASB 138).

Amortising                                   Refers to loans on which interest is paid and principal is automatically amortised. Also known as principal and interest (P&I).

APRA                                         Means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.

Asset-backed securities                      Means debt securities that are backed by cash flows from assets such as loans.

                                             Asset-backed securities are similar to covered bonds, but in the event of bankruptcy, the investor has recourse only to the collateral and not the originator or servicer of the loans or finance leases.

Audit and other accounting services expense  Refers to the costs incurred for the professional advice and skills of an auditor or accountant.

                                             It includes:

                                                  * cost of producing annual or sub-annual financial reports;
                                                  * preparing other financial accounts;
                                                  * auditing services; and
                                                  * carrying out other accounting services.

Australian equities                          Means shares that are quoted on Australian securities exchanges.

Australian Government Securities             Means all securities issued by the Australian Government at tenders conducted by the Australian Office of Financial Management (AOFM).

                                             It includes: Treasury bonds, Treasury notes, Treasury indexed bonds and, previously, Treasury adjustable rate bonds issued by the Australian Government at tenders or through syndication by the AOFM.

Available for re-use                         Means securities that are received as collateral for one transaction and also used as collateral for another transaction.

                                             This is distinct from re-hypothecation, which is a subset of re-use but for client assets only.

B

Banking book               Means positions in financial instruments that do not constitute part of the trading book.

Bills of exchange (bills)  Bills of exchange are defined in the Bills of Exchange Act 1909.

                           Generally speaking, a bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it (the drawer), requiring the person to whom it is addressed (the drawee or acceptor) to pay on demand, or at a fixed or determinable future time, a