Document ID: chunk:federal_register_of_legislation:F2017L01315:body:0:p8
Version: federal_register_of_legislation:F2017L01315
Segment Type: other
Provision Reference: 
Character Range: 20242–23776

standard.

                         Related parties include the parent entity, controlled entities, associated entities, joint venture entities and any other entity under the same parent entity.

Credit limit             Means the maximum amount of funds available to the borrower without additional authorisation or approval. This amount includes outstanding balances (including capitalised interest or fees) and any other funds that can be drawn without additional approval by the reporting entity, as at the end of the reporting period.

Credit outstanding       The amount owed by borrowers at the end of the reporting period. Credit outstanding is the original loan or lease amount less any repayments, including any redraw facilities drawn. Report the balance gross of provisions. Do not net any deposit balances in offset accounts against the outstanding loan amount. Exclude finance that has been written off.

Farm debt mediation      A structured negotiation process where a neutral and independent mediator assists the business entity and the reporting entity to try to reach agreement about current and future debt arrangements.

                         In some states/territories, farm debt mediation is a legislative requirement ahead of a reporting entity wishing to undertake any foreclosure action.

Foreclosure              Proceeding in which a reporting institution may take possession of a property used to secure a loan or lease.

                         Where a reporting institution appoints an administrator or receiver, consider this as an instance of a foreclosure for the purposes of this Reporting Standard.

Industry classification  An individual business entity is assigned to an industry classification based on its predominant activity. The kinds of industry classifications collected in the ARF 750.0 are listed at the end of these instructions, under the heading 'Industry classification' with respect to Australian and New Zealand Standard Industrial Classification (ANZSIC) 1993 and 2006 classes.

Loans and leases         Amount owing to the reporting entity by a business entity evidenced by non-negotiable documents.

                         It includes:
                             * advances;
                             * secured and unsecured loans;
                             * mortgages;
                             * commercial loans;
                             * redeemable preference share finance not evidenced by a security;
                             * lease arrangements; and
                             * equity participation in leveraged leases.

90 days past due         The data reported relates to credit exposures where the following criteria are met:

                           (a)   the facility is not subject to a regular repayment schedule and has remained continuously outside contractual or approved arrangements for a period of 90 days; or

                           (b)   the facility is subject to a regular repayment schedule and:

                               (i)     at least 90 calendar days have elapsed since the due date of a contractual payment that has not been met in full; and

                               (ii)   the total amount outside contractual arrangements is equivalent to at least 90 days' worth of contractual payments.

State/territory          Refers to a state or territory of Australia.

Industry classification

Industry classification                                          ANZSIC 1993 class or classes  ANZSIC