Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p29
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 79845–83004

interest rate short-term loans from counterparties.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as 'Due to clearing houses'. Settlement account balances should be separately identified and reported as 'Due to financial institutions'.

5.3.2 Short-term loans: Fixed
Report all borrowings by the reporting entity in the form of fixed interest rate short-term loans from counterparties.
A loan is considered to be short-term if its residual term to maturity is of 12 months or less.
Amounts due to clearing houses should be separately identified and reported as 'Due to clearing houses'. Settlement account balances should be separately identified and reported as 'Due to financial institutions'.

5.4 Total other borrowings
Sum the component parts listed under 'Other borrowings'.

6. Income tax liability
Recognition of current and deferred tax liabilities are to be made in accordance with AASB 112. In addition, this should relate to Australian business operations.

6.3 Total income tax liability
Sum the income tax liability items relating to Australian business operations.

7. Provisions

7.1 Dividends
A provision for dividends is the allowance that the reporting entity has made in terms of the obligation for declared dividends.

7.2 Employee entitlements
Include:
     * provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. This should be reported in accordance with the requirements of AASB 119.

7.3 Non-lending losses
Include:
     * provision for self insurance;
     * frauds;
     * litigation, fraud detection and prevention;
     * forgeries; and
     * non-transferred insurance risks.

7.4 Mortgage insurance claims and unearned premiums

7.5 Restructuring costs
Report all provisions raised for the restructuring of an organization.
Include:
     * severance, termination and redundancy payments; and
     * integration costs.

7.6 Other provisions
Report all other provisions not identified above.
Include:
     * specific provision for off-balance sheet credit related commitments;
     * leased premises surplus to current requirements; and
     * provision for subsidiary integration costs.

7.7 Total provisions
Sum all the 'provisions' reporting items.

8. General Insurance Outstanding Claims and Unearned Premium Liability

9. Life Insurance Policy Liabilities

10. Unvested Policy Holder Benefits

11. Bonds, notes and long-term borrowings
Bonds, notes and long-term borrowings have a residual term to maturity of more than one year. This includes loans and debt securities.

11.1 Debt securities
Report debt securities that have been issued in Australia and have a residual term to maturity of more than one year. Measurement is to be consistent with Australian accounting standards.
As a guide include:
     * bonds;
     * debentures;
     * unsecured notes;
     * fixed-interest securities;
     * MTNs;
     * inflation-indexed bonds;
     * FRNs;
     * other floating-rate debt securities;
     * asset-backed bonds;