Document ID: chunk:federal_register_of_legislation:F2021L00306:body:0:p2
Version: federal_register_of_legislation:F2021L00306
Segment Type: other
Provision Reference: 
Character Range: 2870–5765

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 a particular ADI or RFC. If APRA does so it will notify the ADI or RFC concerned in writing.

    6.             This Reporting Standard applies for reporting periods ending on or after 31 March 2021.

Information required

    7.             An ADI to which this Reporting Standard applies must provide APRA with the information required by this Reporting Standard for each reporting period on a domestic books consolidation.

Method of submission

    8.             The information required by this Reporting Standard must be given to APRA in electronic format using the 'Direct to APRA' application or by a method (i.e. a web-based solution) notified by APRA, in writing, prior to submission.

    Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.

Reporting periods and due dates

    9.             The information required by this Reporting Standard must be provided in respect of each year ended 30 June by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5.

    10.         The information required by this Reporting Standard must be provided to APRA within 4 calendar months after the end of the reporting period to which the information relates.[1]

    11.         APRA may, by notice in writing, change 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; and

       (b)          the extent to which the information is required for the purposes of the ABS or RBA.

    12.         APRA may grant an ADI an extension of a due date, in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.

Quality control

    13.         All information provided by an ADI or RFC 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 or RFC as set out in Prudential Standard APS 310 Audit and Related Matters for ADIs or Reporting Standard RRS 710.0 ABS/RBA Audit Requirements for Registered Financial Corporations for RFCs. 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