Document ID: chunk:federal_register_of_legislation:F2021L00306:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2021

Reporting Standard ARS 730.1 ABS/RBA Fees Charged

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) and subsection 33(3) of the Acts Interpretation Act 1901:

(a)   REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2019, including Reporting Standard ARS 730.1 ABS/RBA Fees Charged made under that Determination; and

(b)   DETERMINE Reporting Standard ARS 730.1 ABS/RBA Fees Charged, 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, and the revoked reporting standard shall cease to apply, on 31 March 2021.

This instrument commences on 31 March 2021.

Dated: 22 March 2021

[Signed]

Alison Bliss
General Manager
Data Analytics and 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 730.1 ABS/RBA Fees Charged comprises the document commencing on the following page.

Reporting Standard ARS 730.1

ABS/RBA Fees Charged

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA relating to fees charged by an authorised deposit-taking institution.

It includes Reporting Form ARF 730.1 ABS/RBA Fees Charged 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 730.1 ABS/RBA Fees Charged (ARF 730.1) is used by the ABS and RBA for policy and statistical 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) and registered financial corporations (RFCs) as set out in the table below, where 'total assets' are measured by the value reported in item 13 (column 1) on Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A).

Class of financial institution  Applicable

ADI Reporting Category A        No

ADI Reporting Category B        Yes if total assets ≥ $10b

RFCs                            No

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