Document ID: chunk:federal_register_of_legislation:F2018L01116:body:0:p1
Version: federal_register_of_legislation:F2018L01116
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Financial Sector (Collection of Data) (reporting standard) determination No. 40 of 2018

Reporting Standard ARS 910.0 Financial Claims Scheme

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 910.0 Financial Claims Scheme Data Collection, 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 upon the date of registration of this instrument on the Federal Register of Legislation.

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

Dated:     19 July 2018

[Signed]

Alison Bliss
General Manager
Data Analytics Division
Interpretation
In this Determination:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established under section 15A of the Legislation Act 2003.

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

Reporting Standard ARS 910.0 Financial Claims Scheme Data Collection comprises the 18 pages commencing on the following page.

Reporting Standard ARS 910.0

Financial Claims Scheme Data Collection

Objective of this Reporting Standard

This Reporting Standard sets out the requirements for the provision of information to APRA in relation to an authorised deposit-taking institution's Financial Claims Scheme data and systems. It includes Reporting Form ARF 910.0 Financial Claims Scheme Data Collection and the associated instructions.

Authority

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

Purpose

    2.             Information collected in Reporting Form ARF 910.0 Financial Claims Schemes Data Collection (ARF 910.0) is used by APRA to determine FCS coverage amounts and provide information on the estimated FCS coverage amounts to The Treasury and to international organisations. The information collected is also included in APRA's annual report.

Application and commencement

    3.             This Reporting Standard applies to all locally incorporated authorised deposit-taking institutions (ADIs) other than purchased payment facility providers (PPF providers).

    4.             This Reporting Standard applies for reporting periods ending on or after 31 December 2018.

Information required

    5.             An ADI to which this Reporting Standard applies must provide APRA with the information required by ARF 910.0 for each reporting period.

Forms and method of submission

    6.             The information required by this Reporting Standard must be given to APRA in electronic format using the 'Direct to APRA' application or by a method notified by APRA, in writing, prior to submission.

    Note: The 'Direct to APRA' application software (also known as 'D2A') may be obtained from APRA.

Reporting periods and due dates

    7.