Document ID: chunk:federal_register_of_legislation:F2019L00782:body:0:p1
Version: federal_register_of_legislation:F2019L00782
Segment Type: other
Provision Reference: 
Character Range: 0–3117

Financial Sector (Collection of Data) (reporting standard) determination No. 19 of 2019

Reporting Standard ARS 723.0 ABS/RBA Margin Lending

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 723.0 ABS/RBA Margin Lending, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on 1 July 2019.

This instrument commences on 1 July 2019.

Dated: 4 June 2019

[Signed]
Alison Bliss
General Manager
Data Analytics & Insights Division

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 723.0 ABS/RBA Margin Lending comprises the document commencing on the following page.

Reporting Standard ARS 723.0

ABS/RBA Margin Lending

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution's or registered financial corporation's margin lending.

It includes Reporting Form ARF 723.0 ABS/RBA Margin Lending and the associated specific instructions.

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

    2.             Information collected by Reporting Form ARF 723.0 ABS/RBA Margin Lending (ARF 723.0) is used by the ABS and RBA for various purposes, including policy and publication purposes. This information may also be used by APRA for prudential and publication purposes.

    3.             This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Application and commencement

    4.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) or registered financial corporation (RFC) as set out in the table below, where 'margin lending' is measured by the sum of the values reported in items 1.1.1.1.2.3 (column 1) and 3.1.3.3 (columns 1 and 3) on Reporting Form ARF 720.1A ABS/RBA Loans and Finance Leases (Standard) (ARF 720.1A) or the sum of the values reported in items 1.1.1.1.2.3 (column 1) and 3.1.1 (column 1) on Reporting Form ARF 720.1B ABS/RBA Loans and Finance Leases (Reduced) (ARF 720.1B).

Class of financial institution  Applicable

ADIs                            Yes if margin lending ≥ $150m

RFCs                            Yes if margin lending ≥ $150m

    5.             APRA may from time to time determine that a higher threshold will apply to a particular ADI or RFC than that specified in paragraph 4 of this Reporting Standard and if APRA