Document ID: chunk:federal_register_of_legislation:F2022L00212:body:0:p6
Version: federal_register_of_legislation:F2022L00212
Segment Type: other
Provision Reference: 
Character Range: 16750–19748

this Reporting Standard applies under paragraphs 4 and 5.

Reporting basis and unit of measurement

These instructions specify the reporting basis and unit of measurement that applies to each item.

Items on ARF 720.1A must be reported as at the end of the reporting period.

For reporting purposes, unless specified otherwise, enter data as a positive number.

Counterparties

Exclude loans and finance leases to related parties (intra-group loans and finance leases). Detail on intra-group loans and finance leases is reported on Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3).

Exclude loans and finance leases to non-residents unless otherwise directed.  Note that this treatment differs from Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A) where non-residents are not separately identified.

Loans and finance leases

Exclude associated deferred tax assets in the amounts reported for collective provisions and individual provisions.

Exclude loans and finance leases that have been written off.

Reporting by purpose

Classify finance at the lowest level at which it is able to be identified; the purpose that the funds will be used for determines 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

Report all items on ARF 720.1A in accordance with the Australian Accounting Standards unless otherwise specified. Report credit outstanding for loans and finance leases gross of collective provisions and individual provisions. Note that this differs from the reporting of loans and finance leases under Australian Accounting Standards.

Report monetary amounts on ARF 720.1A 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 (AASB 121).

Report items on ARF 720.1A as whole dollars.

Standard Business Reporting (SBR)

The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment 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. Gross outstanding loan and finance leases – by counterparty, currency and residual maturity

Item 1 collects information on the value of loans and finance leases by counterparty of the borrower, currency and residual maturity.

Data for resident and non-resident borrowers are collected separately.