Document ID: chunk:federal_register_of_legislation:F2020L01541:body:0:p4
Version: federal_register_of_legislation:F2020L01541
Segment Type: other
Provision Reference: 
Character Range: 8777–12050

must be completed in whole Australian dollars (no decimal place). Percentages are to be expressed to 2 decimal places.

Treatment of facilities
Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions in the following paragraph, unless otherwise specified in these instructions.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

Definitions
Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Credit limit                    As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Credit outstanding              As defined in ARS 701.0.

(Lending) Facility              As defined in ARS 701.0.

Guarantee claims                Means a claim made by a lender under the Scheme in respect of a scheme-backed loan.

Impaired                        Means an impaired facility as defined by the entity's lender policies.

Interest rate                   As defined in ARS 701.0.

Loans approved                  Means borrower-accepted commitments in ARS 701.0.

Loans cancelled or refinanced   Means loans cancelled after approval or refinanced and are no longer covered by the Scheme.

Lender policies                 Means policies and procedures of the lender which apply in the origination, administration and management of scheme-backed loans.

Past due                        As defined in ARS 701.0

Recoveries                      As defined in ARS 701.0.

Scheme                          Means the Australian Government Arts Sector SSL Guarantee Scheme.

Scheme-backed loan              Means a loan made by a lender under the Scheme.

Securitised                     Means exposures that have undergone securitisation as defined in ARS 701.0.

Unused credit available         The amount of unused credit available, calculated as the current credit limit less the credit outstanding.

Weighted average customer rate  The weighted average customer rate for the current portfolio is calculated as the sum of all drawn amounts multiplied by their respective interest rates, divided by the sum of all drawn amounts for all loans approved at the end of the relevant period.

Specific instructions

Item 1: Portfolio to date
Report item 1 for all scheme-backed loans from the commencement of the Scheme to date. Include loans that have been securitised.

Column 1  Report the number of scheme-backed loan facilities.

Column 2  Report the dollar value of scheme-backed loan facilities.

Item 1.1  Report loans approved as borrower-accepted commitments for scheme-backed loans. Include loans that have terminated or matured. Exclude loans that are cancelled or refinanced.
Item 1.2  Report loans approved as borrower-accepted commitments for scheme-backed loans with a director or personal guarantee. Include loans that have terminated or matured. Exclude loans that are cancelled or