Document ID: chunk:federal_register_of_legislation:F2023L00410:body:0:p8
Version: federal_register_of_legislation:F2023L00410
Segment Type: other
Provision Reference: 
Character Range: 21159–24903

an owner-occupied or investment property, report the loan as for investment.

Non-housing purposes  A loan secured by residential property where the funds are not used for the purchase, renovation or development of residential property. For example, personal loans secured by residential property.

Residential land      Any vacant land that does not have a dwelling attached, where the construction of a dwelling is allowed under zoning regulations.

Residential property  Residential land and dwellings.

Secured in Australia  Loans where the majority (by valuation) of residential property used as collateral for the loan is located in Australia.

Secured overseas      Loans where the majority (by valuation) of residential property used as collateral for the loan is located outside Australia.

Units or apartments   Dwellings in a building that has more than two dwellings. These dwellings do not have their own private grounds and usually share a common entrance foyer or stairwell. Do not include duplexes, townhouses or a detached residence that includes a flat (such as a granny flat) on the same property. Dwellings included in this item are categorised as class 13 'Flats, units or apartments' in the Australian Bureau of Statistics' (ABS) Functional Classification of Buildings, 1999 (Revision 2011) Cat. no. 1268.0.55.001.

Definitions of borrower types and characteristics

Households                         Individuals (that is, natural persons), or groups of individuals, whose dealings are for personal or household purposes. Exclude:
                                        * individuals, or groups of individuals, whose dealings with other sectors are for business purposes;
                                        * sole proprietors, partnerships, and any other unincorporated enterprises;
                                        * family trusts; and
                                        * any other counterparties, such as corporations, partnerships and managed funds.

Impaired customer credit history   Borrowers with previous record of default, bankruptcy or other credit impairment, to the extent this information is known to the ADI.

Non-residents                      Borrowers whose centre of predominant economic interest (i.e. principal place of residence) is outside Australia's economic territory.

Private unincorporated businesses  Persons acting as sole proprietors or in partnerships for business purposes. The major businesses to be included in this sub-sector are unincorporated farms, unincorporated retailers, unincorporated professional practices (medical, legal, dental, accounting, etc.), unincorporated businesses of tradespeople such as plumbers, electricians, carpenters, etc.

                                   It includes:
                                        * households whose dealings with other sectors are for business purposes; and
                                        * family trusts.

                                   It excludes:
                                        * any unincorporated business that is a branch of a non-resident company;
                                        * unincorporated businesses that are owned by private trading corporations (e.g. joint ventures); and
                                        * government unincorporated enterprises.

SMSFs                              Self-managed superannuation funds and has the meaning given by sections 17A and 17B of the Superannuation Industry (Supervision) Act 1993.

Definitions of measures of loans

Borrower's gross income              Borrower's annual before tax income verified by an ADI, excluding any compulsory superannuation contributions and before any discounts or haircuts under