Document ID: chunk:federal_register_of_legislation:F2019L00094:body:0:p5
Version: federal_register_of_legislation:F2019L00094
Segment Type: other
Provision Reference: 
Character Range: 11954–14919

by the ADI or RFC.

Only include endorsed bills of exchange where the ADI or RFC is the first endorser of a bill of exchange that has not been accepted by any ADI or RFC.

Values

Report closing balances at market price effective at the reference date. Where denominated in foreign currency, convert market values in foreign currency to AUD at the spot rate effective as at the reference date. This valuation approach for bills of exchange on the ARF 720.7 may differ from the Australian Accounting Standards and ARF 720.0A depending on the classification of these items in your statutory accounts.

Report items on ARF 720.7 as whole dollars.

Standard Business Reporting (SBR)

Report items on ARF 720.7 with accounting type of credit (liabilities).  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. Total bill acceptances and endorsements

Item 1 collects information on the value of bills of exchange that have been accepted and/or endorsed by the ADI or RFC, by the counterparty of the drawer.

Column 1   Report the market value of bills of exchange that have been accepted by the ADI or RFC.

Column 2   Report the market value of bills of exchange that have been endorsed by the ADI.

Item 1                          Report total bills of exchange.

                                Item 1, column 1 is a derived item.  Report the value of total bills of exchange in item 1, column 1 as the sum of item 1.2 and item 1.3.

Item 1.1                        Of the total reported in item 1, report the value that is drawn by related parties.

Item 1.2                        Report total bills of exchange drawn by residents.

                                Item 1.2 is a derived item.  Report the value of bills of exchange in item 1.2 as the sum of items 1.2.1 to 1.2.3 inclusive, item 1.2.4 and item 1.2.5.

Item 1.2.1                      Report bills of exchange drawn by resident households.

Item 1.2.2                      Report bills of exchange drawn by resident community service organisations.

Item 1.2.3                      Report bills of exchange drawn by resident non-financial businesses.

                                Item 1.2.3 is a derived item.  Report the value of bills of exchange in item 1.2.3 as the sum of items 1.2.3.1 to 1.2.3.5 inclusive.

Item 1.2.3.1                    Report bills of exchange drawn by resident private non-financial investment funds.

Item 1.2.3.2                    Report bills of exchange drawn by resident other private non-financial