Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p43
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 160675–163999

purpose of financing municipal services. Exclude amounts collected with municipal rates but identified as charges for direct supply of goods and services such as water, sewerage rates and garbage charges; and
                                                            * metropolitan improvement rates consist of levies on property owners intended specifically for financing the planning and development of land within the metropolitan region. It includes levies used for the acquisition of land for the development of metropolitan parks; support of regional studies; financing open space improvements.
Protected margin loans                                 Means margin loans that have a maximum allowable LVR of 100 per cent and the lender guarantees that the value of the borrower's underlying security will not be less than the value of credit outstanding at the end of the predetermined investment horizon.

                                                       Borrowers with protected margin loans do not receive margin calls, but are charged a significantly higher interest rate than for standard margin loans.  Protected margin loans in effect combine a standard margin loan with a put option on the assets purchased.

Provisions for dividends                               Means the allowance that the ADI or RFC has made in terms of the obligation for declared dividends.

R

Rebate rate                                  Refers to the rate that the borrower of a security pays the lender when the securities loan is backed by cash collateral. The rebate fee is predetermined in a securities lending agreement between the borrower and lender (or the agent on the lender's behalf) and should be expressed as an annualised percentage of the market value of the securities borrowed.

Recoveries                                   Refers to the value of reversals of impairment losses on financial assets through cash collections as determined in accordance with Australian Accounting Standards.

Redraw facility                              Means a facility that enables a borrower to access (subject to conditions) the accumulated excess repayments they have made towards their loan.

                                             The balance of funds in a redraw facility is typically offset against the balance of the loan amount when calculating interest payable.

                                             While redraw facilities are a type of revolving credit facility, where they are attached to a fixed-term loan report them as fixed-term loans as there is typically not a separate contract.

Reinvestment asset                           Means the collateral pledged by the borrower of a security in a securities lending contract.

Reinvestment rate                            Means the rate of return earned on the cash proceeds generated by stock lending activity.

Related party management fee income/expense  Refers to the payment from an entity to a related party as part of a recharge or reimbursement arrangement, whereby one entity assumes operating expense of a related party, and in return charges a service fee to the related party to recoup the costs of the resource or services they have provided on behalf of the related party.

                                             May be referred