Document ID: chunk:federal_register_of_legislation:F2023L00410:body:0:p11
Version: federal_register_of_legislation:F2023L00410
Segment Type: other
Provision Reference: 
Character Range: 31146–34159

secured by residential property in which repayments are generally deferred and capitalised, with full repayment due when the owner dies, sells the property or moves out of the house.

Revolving credit                                     Lending facilities that the borrower may repeatedly draw down, in part or in full up to an authorised credit limit, and repay any credit drawn, in part or in full, on multiple occasions without the facility being cancelled. Repayments (other than of charges and interest) reduce the borrowings, thereby increasing the amount of unused credit available. Include facilities with a fixed term that meet the above criteria. Include reverse mortgages.

Serviceability verification waivers                  Loans with material waivers to serviceability verification requirements, which may impact the reliability of the serviceability assessment.

Temporary modifications due to financial difficulty  Loans where the ADI has made temporary modifications to the conditions to the loan, for example, temporary concessions to repayments, due to the financial difficulty of the borrower.

Term loans                                           Loans extended for a fixed period, with a maturity date by which the loan must be repaid. Repayments over the fixed period reduce the credit outstanding and do not make further finance available. Include redraw facilities attached to fixed-term loans as part of the term loan. Exclude reverse mortgages, report reverse mortgages as revolving credits.

Third-party originated                               Loans where the ADI's primary contact with the borrower at origination is through a mortgage broker or another party (including a related body corporate) that is not within the regulated ADI itself. This includes where this third party accepts or completes applications, and is regardless of whether the third party has the ability to approve transactions or not.

Specific instructions

Section A: Outstanding loans secured by residential property

Report information as at the end of the quarter, on all outstanding loans to households and SMSFs that are secured by residential property, in section A.

SBR: the accounting type of item and items 3 - 9 is debit (items are assets). The accounting time of item 2 is credit (items are liabilities).

Item 1 Credit limits and Item 2 Balances in offset accounts

Items 1 and 2 collect information on the credit limits and offset accounts for loans secured by residential property.

Column 1  The amount for facilities secured in Australia.

Column 2  The amount for facilities secured overseas.

Item 1    Report the total credit limit for facilities secured in Australia in item 1 column 1.

          Item 1 column 1 is a derived item. Report the total credit limit in item 1 column 1 as the sum of items 1.1 to 1.4 inclusive.

          Report the total credit limit for facilities secured overseas in item 1 column 2.

Item 1.1  Report the total credit limit for owner-occupied, term