Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p20
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 72327–75831

the period in which the credit is first made available to the borrower (whether or not it is drawn down within that period).

                                                    For internal refinances, report the total value refinanced, not just the increase in the credit limit.

                                                    Report values gross of offset account balances and of redraw facilities.

Drawdown / drawn down                               Once a borrower-accepted commitment to provide finance has been funded, the approved amount of finance may be drawn and used by the borrower.

                                                    Any amounts drawn down by the borrower are included in credit outstanding from the period in which they are drawn (and not the period in which they were committed).

Credit outstanding                                  Once a borrower-accepted commitment has been drawn down, the remaining value that the borrower must repay – the current loan or finance lease balance outstanding – is the amount of credit outstanding. Report the balance gross of collective provisions and individual provisions. Exclude finance that has been written off.

                                                    For fixed-term loans and finance leases, report the balance owed by the borrower(s) at the end of the reporting period (including capitalised interest or fees). The credit outstanding is the original commitment less any repayments, plus any redraw facilities drawn, but excluding any deposit balances in offset accounts (i.e. report gross of offset account balances).

                                                    For revolving credit facilities, report the drawn amount.

                                                    For bills, report the amount repayable by the borrower.

Credit outstanding, net of offset account balances  Credit outstanding net of offset account balances is the value of credit outstanding for finance net of any linked offset account balances.

                                                    For fixed-term loans and finance leases, report the amount owed by the borrower(s) at the end of the reporting period (including capitalised interest or fees). The credit outstanding is the original commitment less any repayments, plus any redraw facilities drawn, less any deposit balances in offset accounts (i.e. report net of offset account balances). If the value in the offset account exceeds the value of the loan, then treat credit outstanding as zero for that loan.

                                                    For revolving credit facilities, report the drawn amount.

Credit limit                                        Means the maximum amount of funds available to the borrower without additional authorisation or approval. For a borrower accepted commitment, this is the maximum amount of funds that will be made available to the borrower without additional authorisation or approval. Include outstanding balances (including capitalised interest or fees) and any other funds that can be drawn without additional approval by the lender in this amount.
                                                    For fixed-term loans, report the amortised value of the loan, gross of balances in offset accounts (i.e. do not subtract offset account balances from the loan balance).
                                                    For revolving credit, any amounts in a net-deposit position do not add to the