Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p25
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 68856–71953

and brokers
Report origination fees and commissions deferred.

11.7 Other capitalised expenses of a general nature
Report any other capitalised expenses not reported above.

11.8 Derivative financial instruments
Include:
     * all derivatives entered into after adoption of International Financial Reporting Standards (IFRS) consistent with the classification and measurement basis used for derivatives by institutions in accordance with AASB 132, AASB 7 and AASB 9. This applies to trading and banking book derivatives. Derivative financial instruments in existence prior to adoption of IFRS are to be reported in accordance with AASB 1 First-time Adoption of Australian Accounting Standards (AASB 1).

11.8.1 Trading book derivatives

11.8.2 Banking book derivatives

11.9 Amounts receivable from clients – Outstanding security settlements
For those institutions that have broking activity (i.e. equity broking) with clients who are other than financial institutions, record the amount due from clients in relation to security settlement transactions. Do not include amounts receivable from financial institutions or clearing houses in relation to security settlements, as these are to be recorded in a separate asset heading 'Due from Financial Institutions' and 'Due from Clearing Houses'.

11.10 Deferred tax assets
Tax assets are defined in accordance with AASB 112 Income Taxes (AASB 112).
Recognition of DTA are to be made in accordance with AASB 112.
The amounts calculated and recognised for DTA must be noted separately in the following categories:

11.10.1 From tax losses
Report all DTA arising out of tax losses in accordance with AASB 112.

11.10.2 From specific provision and General Reserve for Credit Losses
Report all DTA associated with the provisioning for asset impairment in accordance with AASB 112.

11.10.3 Other
Report all DTA other than from tax losses, specific provision and general reserve for credit losses.

11.11 Loan/credit card servicing rights
Report the carrying value of purchased loan (e.g. mortgages) and credit card relationships when the reporting entity purchases the right to receive existing loan payments and credit card receivables in consideration for providing lending and credit card services to those customers. Also report any purchased loan/credit card servicing rights arising in the acquisition of an entire financial institution. The carrying value consists of the cost of the servicing right less accumulated amortisation for the right.

11.12 Defined benefit assets
Include:
     * defined benefit assets i.e. surplus consistent with the classification and measurement basis used in AASB 119 Employee Benefits (AASB 119).

11.13 Non-current assets and disposal groups classified as held for sale
Include:
     * non-current assets and disposal groups classified as held for sale consistent with classification and measurement basis used in AASB 5 Non-current Assets Held for Sale and Discontinued Operations (AASB 5).

11.14 Items in suspense
Report suspense or unreconciled/unidentified transactions/balances here. A list of examples is