Document ID: chunk:federal_register_of_legislation:F2017L01315:body:0:p2
Version: federal_register_of_legislation:F2017L01315
Segment Type: other
Provision Reference: 
Character Range: 2937–5763

a domestic books basis for each reporting period.

    6.             Subject to paragraph 7, an RFC must provide APRA with the information required by ARF 750.0 in respect of a reporting period if, at the end of the most recent complete financial year for the RFC, it:

       (a)          had total assets of $50 million or more;[1] or

       (b)          was one of a number of RFCs that, during the reporting period, were related bodies corporate of each other and had combined total assets of $50 million or more.

    7.             However, an RFC is not required to report in respect of a particular reporting period if another RFC has reported under this Reporting Standard in respect of that reporting period, and that other entity is a related body corporate of the first-mentioned RFC.

Method of submission

    8.             The information required by this Reporting Standard must be given to APRA in electronic form using the 'Direct to APRA' (also known as 'D2A') application or, where 'Direct to APRA' is not available, by a method notified by APRA, in writing, prior to submission.

    Note: the 'Direct to APRA' application software may be obtained from APRA.

Reporting periods and due dates

    9.             The information required by this Reporting Standard must be provided to APRA in respect of each year ending on 30 June.

    10.         The information required by this Reporting Standard must be provided to APRA:

       (a)          for the reporting period ending on 30 June 2017, by 30 November 2017; and

       (b)          for the reporting periods ending on or after 30 June 2018, within 3 months after the end of the reporting period to which the information relates.[2]

    11.         APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI or RFC, to require it to provide the information specified in this Reporting Standard more frequently, or less frequently, having regard to:

       (a)          the particular circumstances of the ADI or RFC; and

       (b)          the extent to which the information is necessary for the purposes of the DAWR.

    12.         APRA may grant an ADI or RFC an extension of a due date, in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.

Quality control and assurance

    13.         The information provided by an ADI or RFC under this Reporting Standard may be completed on a best endeavours basis for the reporting period ending on 30 June 2017.

    Note: for the avoidance of doubt, paragraph 13 of this Reporting Standard does not limit APRA from, under section 17 of the Financial Sector (Collection of Data) Act 2001, directing an ADI or RFC to give APRA explanation of, or