Document ID: chunk:federal_register_of_legislation:F2022L00227:body:0:p1
Version: federal_register_of_legislation:F2022L00227
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Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2022

Reporting Standard ARS 230.0 Commercial Property

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

    (a)          revoke Financial Sector (Collection of Data) (reporting standard) determination No. 13 of 2018, including Reporting Standard ARS 230.0 Commercial Property made under that Determination; and

    (b)          determine Reporting Standard ARS 230.0 Commercial Property, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I declare that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day it is registered on the Federal Register of Legislation.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 23 February 2022

Alison Bliss
General Manager
Data Analytics & Insights Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 230.0 Commercial Property comprises the document commencing on the following page.

Reporting Standard ARS 230.0

Commercial Property

Objective of this Reporting Standard

This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution's commercial property. It should be read in conjunction with the Reporting Form ARF 230.0 Commercial Property, and the associated instructions (all of which are attached and form part of this Reporting Standard).

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

    2.             Data collected in Reporting Form ARF 230.0 Commercial Property (ARF 230.0) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).

Application and commencement

    3.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) as set out in the table below.

Class of ADI              Applicable
Australian-owned Bank     Yes
Foreign Subsidiary Bank   Yes
Branch of a Foreign Bank  Yes
Building Society          Yes
Credit Union              Yes
Other ADI                 Yes

    4.             This Reporting Standard applies for reporting periods ending on or after 31 January 2022.

Information required

    5.             An Australian-owned bank, foreign subsidiary bank and branch of a foreign bank must provide APRA with the following information for each reporting period:

       (a)          if the ADI