Document ID: chunk:federal_register_of_legislation:F2023L00417:body:0:p3
Version: federal_register_of_legislation:F2023L00417
Segment Type: other
Provision Reference: 
Character Range: 6254–9019

dates

    11.         Subject to paragraphs 12, 13 and 14, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI. An ADI must provide this information to APRA within 35 calendar days of the end of the quarter to which the information relates. An ADI must provide the information required by ARF 210.4 annually, within 35 calendar days of the ADI's end of financial year (within the meaning of the Corporations Act 2001).

    12.         A completed ARF 210.5 must be provided to APRA by the close of business on:

       (a)          the same day (based on data as at close of business the previous day) that the ADI receives a request from APRA to provide ARF 210.5; or

       (b)          the next business day (based on data as at close of business on the date of APRA's request) if APRA's request was received after 12pm.

    If an ADI receives a request from APRA to provide a completed ARF 210.5, the ADI must continue to provide a completed ARF 210.5 to APRA on a daily basis for the number of consecutive business days, or other duration or reporting frequency, specified by APRA at the time of the request.

    13.         APRA may, by notice in writing, vary the reporting periods or specified reporting periods for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:

       (a)          the particular circumstances of the ADI;

       (b)          the extent to which the information is required for the purposes of the prudential supervision of the ADI; and

       (c)          the requirements of the RBA.

    14.         APRA may, by notice in writing, extend the due date by which an ADI must provide the information required by this Reporting Standard, in which case the new due date will be the due date specified on the notice of extension.

Quality control

    15.         All information provided by an ADI under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided