Document ID: chunk:federal_register_of_legislation:F2019L00830:body:0:p33
Version: federal_register_of_legislation:F2019L00830
Segment Type: other
Provision Reference: 
Character Range: 90296–93464

component parts listed under 'Other borrowings'.
6. Income tax liability
Recognition of current and deferred tax liabilities are to be made in accordance with AASB 112. In addition, this should relate to Australian business operations.
6.3 Total income tax liability
Sum the income tax liability items relating to Australian business operations.
7. Provisions
7.1 Dividends
A provision for dividends is the allowance that the reporting entity has made in terms of the obligation for declared dividends.
7.2 Employee entitlements
Include:
     * provisions for long service leave, annual leave, staff housing loan benefits, health fund subsidy and other employee entitlements. This should be reported in accordance with the requirements of AASB 119.
7.3 Non-lending losses
Include:
     * provision for self-insurance;
     * frauds;
     * litigation, fraud detection and prevention;
     * forgeries; and
     * non-transferred insurance risks.
7.4 Restructuring costs
Report all provisions raised for the restructuring of an organisation.
Include:
     * severance, termination and redundancy payments; and
     * integration costs.
7.5 Other provisions
Report all other provisions not identified above.
 Include:
     * specific provision for off-balance sheet credit related commitments;
     * leased premises surplus to current requirements; and
     * provision for subsidiary integration costs.
7.6 Total provisions
Sum all the 'Provisions' reporting items.
8. Bonds, notes and long-term borrowings
Bonds, notes and long-term borrowings have a residual term to maturity of more than one year. This includes loans and debt securities.
8.1 Debt securities
Report debt securities that have been issued and have a residual term to maturity of more than one year. Measurement is to be consistent with Australian accounting standards.
As a guide include:
     * bonds;
     * debentures;
     * unsecured notes;
     * fixed-interest securities;
     * medium-term notes;
     * inflation-indexed bonds;
     * floating-rate notes;
     * other floating-rate debt securities;
     * mortgage-backed bonds;
     * asset-backed bonds;
     * Euro notes;
     * Euro bonds;
     * Euro medium-term notes;
     * non-participating preference shares (a special type where the holder has no entitlement to a share in the residual value on dissolution of the issuing company); and
     * subordinated bonds and notes.
As a guide exclude:
     * hybrid securities;
     * trading derivatives;
     * convertible notes prior to conversion;
     * negotiable and transferable certificates of deposit;
     * subordinated debt issues with a residual maturity of 12 months or less;
     * promissory notes with a residual maturity of 12 months or less;
     * commercial paper with a residual maturity of  12 months or less; and
     * short-term debt securities from the parent entity, controlled entities, associated entities, joint venture entities and other branches under the same parent entity.
8.2 Loans
Report the face value of all loans and borrowings that have a residual term to maturity of more than one year.
Include:
     * secured and unsecured borrowings;
     *