Document ID: chunk:federal_register_of_legislation:F2017L01315:body:0:p7
Version: federal_register_of_legislation:F2017L01315
Segment Type: other
Provision Reference: 
Character Range: 16980–20568

days past due.

Item 1                          Complete the columns for each state/territory and industry classification as specified above.

Item 1.1                        Derived total for NSW across all industry classifications.

Item 1.2                        Derived total for VIC across all industry classifications.

Item 1.3                        Derived total for QLD across all industry classifications.

Item 1.4                        Derived total for SA across all industry classifications.

Item 1.5                        Derived total for WA across all industry classifications.

Item 1.6                        Derived total for TAS across all industry classifications.

Item 1.7                        Derived total for ACT across all industry classifications.

Item 1.8                        Derived total for NT across all industry classifications.

    2.             Distress by state and territory

Item 2 collects information on number of new farm debt mediations and number of new foreclosures undertaken on loans and leases in relation to agricultural activity by state/territory.

Reporting basis: report item 2 during the reporting period.

SBR: submit data in column 3 with accounting type of debit (assets).

Column 1   The state/territory in which the business entity's agricultural activity for which the loan or lease provided is undertaken.

           Where a loan or lease is directed to agricultural activity across multiple states and territories, attribute the loan or lease to the state/territory in which a majority of the activity is undertaken, based on the revenue ultimately derived from the agricultural activity.

Column 2   The total number of business entities for which a new instance of farm debt mediation has been initiated by the reporting entity on loans or leases for agricultural activity during the reporting period by state/territory.

           A new instance of farm debt mediation refers to the first mediation meeting between the reporting entity and business entity.

Column 3   The total credit outstanding of loans and leases to business entities for which a new foreclosure process has been initiated on loans or leases for agricultural activity during the reporting period by state/territory.

Column 4   The total number of business entities for which a new foreclosure process has been initiated on loans or leases for agricultural activity during the reporting period by state/territory.

Item 2                          Complete the columns for each state/territory as specified above.

Item 2.1                        Derived total for all states/territories.

Glossary of terms

Business entities        An entity that undertakes productive activities where these activities constitute the entity's primary source of income.

                         Includes:
                             * companies;
                             * trusts;
                             * partnerships;
                             * incorporated entities;
                             * sole traders; and
                             * joint ventures.

                         A group of related parties must be considered a single business entity for the purposes of this reporting standard.

                         Related parties include the parent entity, controlled entities, associated entities, joint venture entities and any other entity under the same parent entity.

Credit limit             Means the maximum amount of funds available to the borrower without additional authorisation or approval.