Document ID: chunk:federal_register_of_legislation:F2022L00214:body:0:p16
Version: federal_register_of_legislation:F2022L00214
Segment Type: other
Provision Reference: 
Character Range: 47717–50747

redraw facilities as at the end of the reporting period that are accessible to households at a later date to meet future scheduled repayments. This item represents the maximum amount that could be drawn down without bringing the balance of the loan account above that specified in the loan schedule.

                                SBR: submit item 6.5 with accounting type credit (negative asset).

Item 6.6                        Report the total gross balances in any offset accounts linked to housing loans and the total value of accumulated excess repayments that can be used to meet future scheduled repayments (whether in redraw facilities or not).

                                Item 6.6 is a derived item. Report item 6.6 as the sum of item 6.1, item 6.3, and item 6.5.

                                SBR: submit item 6.6 with accounting type credit (negative asset).

    7.             Fixed-term housing loans outstanding to residents – future scheduled repayments

Item 7 collects information on the distribution of housing loans by accumulated excess repayments that can be used to meet future scheduled repayments and balances in associated redraw and offset accounts, scaled by the number of monthly scheduled repayments as at the end of the reporting period.

Reporting basis: report item 7 as at the end of the reporting period.

SBR: submit item 7 with accounting type of debit (assets).

Include resident households. Exclude non-resident households.

Include fixed-term loans. Exclude revolving credit loans.

Report outstanding loans according to the property purpose category in which they sit as at the reporting date.

Exclude loans (and any linked offset accounts or redraw facilities) that are 90 days or more past-due or non-performing as at the end of the reporting period.

Where there is finance with a mix of repayment rate types, follow the instructions below.

     1. When reporting on the number of facilities, it is permissible to report the interest-only and amortising accounts separately (i.e. individual facilities with more than one repayment type may be reported more than once). Note that this treatment differs from the standard treatment applied in other items on this form.

     2. When reporting the value of credit limits, report the amount of the credit limit to which the interest-only repayment structure applies in the interest-only drop-down combinations and report the amount of the credit limit to which the amortising repayment structure applies in the amortising drop-down combinations.

     3. When scaling the stock of accumulated excess repayments and balances in associated redraw and offset accounts (as reported in item 6) by the number of monthly scheduled repayments, attribute the accumulated balances to the repayment structure of the loan account to which they are linked.

Column 1   Report according to the number of monthly scheduled repayments that the stock of accumulated excess repayments and balances in associated redraw and offset