Document ID: chunk:federal_register_of_legislation:F2021L01082:body:0:p1
Version: federal_register_of_legislation:F2021L01082
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Financial Sector (Collection of Data) (reporting standard) determination No. 42 of 2021

Reporting Standard ARS 920.6 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – JobKeeper

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) determine Reporting Standard ARS 920.6 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – JobKeeper, 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 on and after the day it is registered on the Federal Register of Legislation.

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

Dated: 5 August 2021

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 920.6 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – JobKeeper comprises the document commencing on the following page.

Reporting Standard ARS 920.6

Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – JobKeeper

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

Purpose
2.             Information collected by Reporting Form ARF 920.6 Australian Government SME Recovery Loan Scheme – JobKeeper (Portfolio Information) (ARF 920.6) and Reporting Form ARF 920.7 Australian Government SME Recovery Loan Scheme – JobKeeper (Loan Level Details) (ARF 920.7) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Recovery Loan Scheme. This information may also be used by APRA for prudential purposes.

Application
3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) who are granted a guarantee under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 in relation to the Australian Government SME Recovery Loan Scheme, for lending to businesses that received JobKeeper payments between 4 January 2021 and 28 March 2021.[1]

Information required
4.             An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by ARF 920.6 and ARF 920.7 in respect of each reporting period on a domestic books consolidation.
5.             Where the primary borrower was adversely affected by the floods that occurred in March 2021 and was a recipient of the JobKeeper payment between 4 January 2021 and 28 March 2021, an ADI