Document ID: chunk:federal_register_of_legislation:F2022L00214:body:0:p1
Version: federal_register_of_legislation:F2022L00214
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Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2022

Reporting Standard ARS 743.0 ABS/RBA Housing Finance

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

    (a)          revoke Financial Sector (Collection of Data) (reporting standard) determination No. 36 of 2021, including Reporting Standard ARS 743.0 ABS/RBA Housing Finance made under that Determination; and

    (b)          determine Reporting Standard ARS 743.0 ABS/RBA Housing Finance, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 of the reporting standard.

Under section 15 of the Act, I declare that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day it is registered on the Federal Register of Legislation.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 23 February 2022

Alison Bliss
General Manager
Data Analytics & Insights Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 743.0 ABS/RBA Housing Finance comprises the document commencing on the following page.

Reporting Standard ARS 743.0

ABS/RBA Housing Finance

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution's or registered financial corporation's provision of housing finance to households.

It includes Reporting Form ARF 743.0 ABS/RBA Housing Finance and the associated specific instructions.

Authority

     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose

    2.             Information collected by Reporting Form ARF 743.0 ABS/RBA Housing Finance (ARF 743.0) is used by the ABS and RBA for various purposes, including statistical publications. This information may also be used by APRA for prudential and publication purposes.

    3.             This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Application and commencement

    4.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) or registered financial corporation (RFC) as set out in the table below, where 'housing credit' is measured by the values reported in item 1.1.1.1.1 (column 1) and item 2.1 (column 3) on Reporting Form ARF 720.1A/B ABS/RBA Loans and Finance Leases (Standard)/(Reduced) (ARF 720.1A/B).

Class of financial institution  Applicable

ADIs                            Yes if total housing credit ≥ $3 billion.

RFCs                            Yes if total housing credit ≥ $3 billion.

    5.             APRA may