Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p21
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 75537–79714

fixed-term loans, report the amortised value of the loan, gross of balances in offset accounts (i.e. do not subtract offset account balances from the loan balance).
                                                    For revolving credit, any amounts in a net-deposit position do not add to the credit limit.
                                                    For margin lending, the credit limit reflects the maximum that the borrower can draw down based on the loan conditions (such as the notional credit limit and the maximum allowable loan-to-valuation ratio) and the value of the security underlying the loan.

Other definitions

    18.         Key terms in the EFS collection relating to general concepts are defined as follows:

A

AASB                                         Has the meaning in section 9 of the Corporations Act 2001.

ABS                                          Means the Australian Bureau of Statistics established under the Australian Bureau of Statistics Act 1975.

Acceptances                                  See accepted bills of exchange.

Accepted (bills of exchange)                 Means bills of exchange that have been signed by the drawee, which 'accepts' liability to pay out the funds on the due date. The drawer incurs a corresponding liability towards the drawee.

Account servicing fees charged               Means fees charged to cover regular account-keeping costs.

                                             It includes:

                                                  * periodic servicing fees (including periodic charges where the fee is a fixed amount and not dependent on the number of transactions); and
                                                  * package fees (for example, professional packages). Include these with the product (deposit account or loan) that they most relate to.

                                             For loans and finance leases it also includes:

                                                  * loan and finance lease establishment and deferred establishment fees; and
                                                  * application and settlement fees.

Acquisitions                                 Means where a business buys part (or all) of another business, in order to assume control of the firm.

Additional Tier 1 capital instruments        Means instruments that meet the definition of Additional Tier 1 Capital in Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). Excludes instruments that do not fully meet the criteria in Attachment E.

Advertising expenses                         Refers to costs incurred by a business for promotional and publicity campaigns aimed at bringing the activities of the business to the attention of consumers for the purpose of increasing sales.

                                             It includes:

                                                  * credit card loyalty programs;
                                                  * marketing expenses.

                                             It excludes:

                                                  * in-house costs (e.g. wages and salaries of own advertising staff); and
                                                  * sponsorship expenses.

Allocated gold                               Means an account that provides ownership of a specific piece of gold.

Alterations, additions and repairs           Means any structural or non-structural change to existing residential property, non-residential buildings or non-building structures.

                                             It includes:

                                                  * repairs 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