Document ID: chunk:federal_register_of_legislation:F2022L00227:body:0:p10
Version: federal_register_of_legislation:F2022L00227
Segment Type: other
Provision Reference: 
Character Range: 26651–29286

the type of commercial property market/categories to which the ADI is exposed. The categories that the exposures are to be classified in this form are listed below:

     1. office;

     2. retail – includes retail shops, restaurants, shopping centres, petrol stations, etc;

     3. industrial - includes warehouses and factories;

     4. land development and subdivisions;

     5. other residential - includes residential exposures not excluded by point 1 in the general instructions;

     6. tourism and leisure - includes hotels, motels and lodgings, recreational and sporting facilities, hotel developments, time-share developments and other hospitality industries; and

     7. other - includes other property exposures not elsewhere covered (e.g. health, education related, churches, infrastructure, etc).

An ADI's own investment in commercial property (such as equity investments or purchases of units in trusts) should not be included in the main section of the form, but should be noted in Part B.  Property held for the ADI's own use should not be included.

Bank ADIs need only include commercial property exposures which exceed AUD $250 000, whilst non-bank ADIs should include total exposures irrespective of the dollar amount.

Part B – ADIs own investment in commercial property

An ADI's own investment in commercial property (such as equity investments or purchases of units in trusts) should be included in this section of the form.  Property held for the ADI's own use should not be included.

Report the total current carrying value of investments in commercial property (such as equity investments and purchases of units in trusts), that exceed AUD $250 000 for bank ADIs, or the total for non-bank ADIs.  Do not include property held for the ADI's own use. Investments in Australia and overseas should be reported separately.

Report the value of all commercial property exposures written off against provisions, asset revaluation reserves or profits during the reporting period. Write-offs in Australia and overseas are required to be reported separately.

    [1]  Securitisation exposures are defined in accordance with APS 120.
    [2] Monetary items are defined to mean units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency. Spot rate means the exchange rate for immediate delivery.
    [3] Examples of non-monetary items include amounts prepaid for goods and services (e.g. prepaid rent); goodwill; intangible assets; physical assets; and provisions that are to be settled by the delivery of a non-monetary asset.