Document ID: chunk:federal_register_of_legislation:F2024L01124:body:0:p13
Version: federal_register_of_legislation:F2024L01124
Segment Type: other
Provision Reference: 
Character Range: 34832–38131

APS 111. These include capitalised expenses (see line items 1.1.2.6 and 1.1.2.6.1 to 1.1.2.6.6 below) and mortgage servicing rights.

Item 1.1.2.6       Report Capitalised expenses.
                   This is the value, at the relevant date, of total capitalised expenses, in accordance with APS 111 and the Australian Accounting Standards.
                   This is a derived item. It is the sum of the amounts reported in items 1.1.2.6.1 through to 1.1.2.6.6.
Item 1.1.2.6.1     Report Loan and lease origination fees and commissions paid to mortgage originators and brokers.
                   This is the value, as at the relevant date, of capitalised loan and lease origination fees and commissions paid to mortgage originators and brokers.

                   Loan/lease origination/broker fees and commissions that are capitalised as an asset are to be set off against the balance of upfront loan/lease fees associated with the lending portfolios that are treated as deferred income and recognised as a liability.

                   Where the net amount for loan/ lease origination fees and commissions has a:

                        1.           positive balance, report this item as a positive figure;

                        2.           negative balance, provided the deferred income satisfies the criteria set out in APS 111, report this item as a negative figure. Where the criteria are not satisfied, report this item as zero.

Item 1.1.2.6.2     Report Costs associated with debt raisings.
                   This is the value, as at the relevant date, of costs associated with debt raisings and other similar transaction-related costs that are capitalised as an asset.
Item 1.1.2.6.3     Report Costs associated with issuing capital instruments.
                   This is the value, as at the relevant date, of capitalised costs associated with issuing capital instruments if not already charged to profit and loss.
Item 1.1.2.6.4     Report Information technology software costs.
                   This is the value, as at the relevant date, of information technology software costs, capitalised in accordance with Australian Accounting Standards.

Item 1.1.2.6.5     Report Securitisation start-up costs.
                   This is the value, as at the relevant date, of capitalised securitisation start-up costs.

                   The balance of any securitisation start-up costs and other establishment costs that are capitalised and deferred as an asset must be netted off against the balance of any deferred fee income relating to securitisation schemes deferred as a liability.

                   Report any positive net balance of capitalised securitisation start-up costs as a positive figure. Any surplus of up-front fee income received over deferred costs may be reported as a negative figure provided the up-front fee income received satisfies the criteria set under APS 111. Otherwise, report this item as zero
Item 1.1.2.6.6     Report Other capitalised expenses.
                   Report all other capitalised expenses not captured in items 1.1.2.6.1 to 1.1.2.6.5.

Item 1.1.2.7       Report Any other intangible assets not included above.
                   This is the value, as at the relevant date, of other intangible assets, as required to be