Document ID: chunk:federal_register_of_legislation:F2022L00214:body:0:p6
Version: federal_register_of_legislation:F2022L00214
Segment Type: other
Provision Reference: 
Character Range: 16417–19379

at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).

Credit outstanding

Report outstanding finance under the category in which it sits as at the reporting date. For example, if a loan was originally classified as having a fixed interest rate but now has a variable interest rate then it must be reported as variable interest rate for the current reporting period.

Treatment of facilities

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below, unless otherwise directed.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

Values

Unless otherwise specifically stated, information reported on this form must comply with Australian Accounting Standards.

Report monetary amounts on ARF 743.0 in Australian dollars or the Australian dollar equivalent of the foreign currency. Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).

Report values on ARF 743.0 as whole dollars.

Numbers

Report numbers on ARF 743.0 unscaled, as whole numbers for ADIs and RFCs.

Averages

Report averages on ARF 743.0 unscaled, as numbers to two decimal places.

Standard Business Reporting (SBR)

The accounting type (i.e. credit or debit) is stated for all monetary items and represents the natural accounting balance of the item collected.

Specific instructions

Terms highlighted in bold italics are defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.

Examples included under 'Include' and 'Exclude' must not be taken as an exhaustive list of items to be included or excluded.

     1. New applications for housing loans

Item 1 collects information on the number and value of applications for housing loans by households for housing purposes during the reporting period, by property purpose and interest rate type.

Reporting basis: report item 1 as during the reporting period.

Data for resident and non-resident households are collected separately.

Include all genuine applications for finance. Exclude applications for pre-approval of finance.

Include applications for internal refinancing and external refinancing. Record an application as received in the reporting period the application was able to be assessed.

Column 1   Report the