Document ID: chunk:federal_register_of_legislation:F2017L00724:body:0:p7
Version: federal_register_of_legislation:F2017L00724
Segment Type: other
Provision Reference: 
Character Range: 18353–21552

thousand dollars.

Items on SRF 720.0 are to be reported on a gross basis except where otherwise indicated.

Items on SRF 720.0 are to be reported on an unconsolidated basis. In national accounting, consolidation refers to the elimination of transactions which occur between two transactors belonging to the same institutional sector or subsector. In a commercial accounting sense, this process is applied to entities where a parent/subsidiary relationship exists.[8]

Report debt securities at the market price which is the traded price quoted on the reference date. If the traded price does not take account of interest accrued up to the ex-coupon date but not yet payable, this interest accrued must be included.

Where repurchase or resale agreements involve different types of security, report the repurchase or resale agreements separately and do not net against each other, even when contracted with the same counterparty.

Report derivatives distinct from the corresponding contract that is being hedged. Do not use hedge accounting on SRF 720.0.

Assets and liabilities denominated in currencies other than AUD are to be converted to AUD using the mid-point rate (of market buying and selling spot quotations) effective as at the end of the reporting period. An RSE licensee is free to use those AUD exchange rates that it judges to be representative closing mid-market rates as at the end of the reporting period. However, to ensure consistency across related returns and to assist in the reconciliation between these returns, an RSE licensee is expected to attempt to use the same exchange rate across all returns to APRA.

Note: for the major currencies, an RSE licensee may use the exchange rates available from the Reserve Bank of Australia (RBA), which is available on the RBA website: http://www.rba.gov.au/statistics/historical-data.html.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions. Additional definitions are provided at the end of these instructions.

Assets

Item 1 to item 15 inclusive collect information about the assets held by the RSE.

Non-resident assets

Item 1 collects information about non-resident assets (i.e. asset positions with non-resident counterparties).

Item 1                                                               Report non-resident assets in item 1.

                                                                     Report non-resident assets in column 1. Report the portion of non-resident assets that is: denominated in a foreign currency in column 2; and the value for which payment is due in one year or less in column 3, where applicable.

                                                                     Report shares and units in trusts in item 1.1. Report the portion of short-term debt securities issued by a non-resident which is domicile type Australia domicile in item 1.2.1. Report the portion of short-term debt securities issued by a non-resident which is domicile type international domicile in item 1.2.2.

                                                                     Report the portion of long-term debt securities issued