Document ID: chunk:federal_register_of_legislation:F2021L01111:body:0:p5
Version: federal_register_of_legislation:F2021L01111
Segment Type: other
Provision Reference: 
Character Range: 11836–14980

will be used for determines whether (and where) it is reported on this form. Where finance (identified at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).

Values

Unless otherwise specifically stated, information reported on this form must comply with Australian Accounting Standards.

Report monetary amounts on ARF 745.0 in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.

Report values on ARF 745.0 as whole dollars.

Standard Business Reporting (SBR)

The accounting type (i.e. credit or debit) is stated for all monetary items and represents the natural accounting balance of the item collected.

Specific instructions

Terms highlighted in bold italics are defined in ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.

Examples included under 'Include' and 'Exclude' must not be taken as an exhaustive list of items to be included or excluded.

     1. New borrower-accepted commitments for fixed-term personal loans and leasing – by purpose

Item 1 collects information on the value of new borrower-accepted commitments for fixed-term loans and finance leases to households for personal purposes during the reporting period, by purpose sub-class.

Borrower-accepted commitments include agreements to increase the credit limit of an existing loan contract (for example, as part of an internal refinance). For a borrower-accepted commitment, the credit limit is the maximum amount of funds that will be made available to the borrower without additional authorisation or approval. This includes outstanding balances (including capitalised interest or fees) and any other funds that can be drawn without additional approval by the lender in this amount.

Reporting basis: report item 1 as during the reporting period.

SBR: submit item 1 with accounting type of debit (assets).

Include only fixed-term loans and finance leases in this item. Exclude revolving credit facilities. Report these in item 2.

Column 1   Report the value for fixed-term loans for personal purposes.

Column 2   Report the value for finance leases for personal purposes.

Item 1.1                        Report new borrower-accepted commitments to resident households for personal purposes.

Item 1.1.1                      Report new borrower-accepted commitments to resident households for the purchase of road vehicles.

Item 1.1.2                      Report new borrower-accepted commitments to resident households for the purchase of other transport vehicles & equipment.

Item 1.1.3                      Report new borrower-accepted commitments to resident households for the purchase of household and personal goods.

Item 1.1.4                      Report new borrower-accepted commitments to resident households for the purpose of