Document ID: chunk:federal_register_of_legislation:F2015L01291:body:0:p8
Version: federal_register_of_legislation:F2015L01291
Segment Type: other
Provision Reference: 
Character Range: 20142–23371

of the borrowing in column 1 and value of the borrowing in column 2. Report as part of the description in column 1 whether the borrowing arrangement falls under the exceptions in s. 67 of the SIS Act and limited recourse borrowing arrangements in ss. 67A and 67B of the SIS Act.

                    Report the portion of borrowings that are secured borrowings against the assets of the RSE in item 13.2.

Borrowings          Represents amounts taken in the form of loans.

Secured borrowings  Represents borrowings in which the amount payable is secured with collateral.

Item 14  Report the net amount of derivative liabilities that are directly held in item 14. Item 14 must equal the gross market value of derivative liabilities minus accounting standards offset. An RSE licensee must apply offsetting rules as outlined in Australian Accounting Standard AASB 132 Financial Instruments: Disclosure and Presentation (AASB 132).

Gross market value of derivative liabilities  Represents a derivative liability that is valued at gross market value in accordance with Australian Accounting Standards.

Derivative liabilities                        Represents a derivative liability that is a financial instrument or other contract within the scope of the Australian Accounting Standards.

Item 15                                                               Report securities sold under agreements to repurchase and securities loaned in item 15.

                                                                      Report securities purchased under agreements to resell and securities borrowed in item 3.

Securities sold under agreements to repurchase and securities loaned  Represents a payable recognised in respect of cash collateral that has been received from a third party for securities, sold or loaned by the RSE, with an agreement to receive back the securities from the third party in the future in exchange for the return of the cash (plus interest). Includes: reverse repurchase agreements. Reference: Australian Accounting Standards.

Item 16                   Report current tax liabilities in item 16.

Current tax liabilities   Represents the value of income tax payable in respect of the taxable profit of a period. Reference: Australian Accounting Standards.

Item 17                   Report deferred tax liabilities in item 17.

Deferred tax liabilities  Represents the value of income taxes payable in future periods in respect of taxable temporary differences. Reference: Australian Accounting Standards.

Item 18                Report insurance liabilities in item 18.

Insurance liabilities  Represents insurance liabilities arising from insurance offered by the RSE licensee (i.e. where the RSE licensee self-insures benefits offered to members of the RSE). Reference: Australian Accounting Standards.

Item 19      Item 19 is a derived item. Report other liabilities in item 19 as total liabilities in item 20 minus the sum of total payables reported in item 12, borrowings reported in item 13, derivative liabilities reported in item 14, securities sold under agreements to repurchase and securities loaned reported in item 15, current tax liabilities reported in item 16, deferred tax