Document ID: chunk:federal_register_of_legislation:F2021L01098:body:0:p12
Version: federal_register_of_legislation:F2021L01098
Segment Type: other
Provision Reference: 
Character Range: 30858–33809

Credit outstanding & credit outstanding, net of offset account balances

Report outstanding finance under the category in which it sits as at the end of the reporting period. For example, if a loan was originally classified as having a fixed interest rate but now has a variable interest rate then report it as variable interest rate for the current reporting period.

Treatment of facilities

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

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

When reporting the weighted average interest rate, weight each interest rate by its corresponding balance outstanding.

Values

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

Report monetary amounts on ARF 746.0B 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.

Report values on ARF 746.0B as whole dollars.

Numbers

Report numbers on ARF 746.0B unscaled, as whole numbers for ADIs and RFCs.

Interest rates

ADIs and RFCs are required to report contractual interest rates. Report interest rates as an annualised percentage rate (on a 365 days per year basis) to two decimal places.

Refer to the interest rates definition for further guidance (ARS 701.0).

Standard Business Reporting (SBR)

Report items on ARF 746.0B with accounting type of debit (assets). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting type of the item collected.

Specific instructions

Terms highlighted in bold italics as 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. Personal finance outstanding – by type

Item 1 collects information on the stock of credit outstanding to households for personal purposes by product type.

Reporting basis: report item 1 as at the end of the reporting period.

Report finance to non-residents in item 1.2 only.

Exclude facilities with a nil credit outstanding balance.

Column 1  Report the number of facilities with credit outstanding.

Column 2  Report the value of credit outstanding.

Column 3  Report the weighted average interest rate on credit outstanding.

Item 1.1      Report total personal loans and finance leases to