Document ID: chunk:federal_register_of_legislation:F2018L00363:body:0:p11
Version: federal_register_of_legislation:F2018L00363
Segment Type: other
Provision Reference: 
Character Range: 27793–29106

floating charge leaves the debtor free to buy, sell and vary the assets until such time as the charge is crystallised.

    [1]  The definitions of 'credit union' and 'other ADI' in paragraph 17 of this Reporting Standard provide that Cairns Penny Savings and Loans Limited is to be treated in accordance with the reporting period requirements applicable to credit unions.
   [2]  Level 1 and Level 2 are defined in accordance with Prudential Standard APS 001 Definitions.
    [3]  When an ADI is seeking APRA's approval to use the internal ratings-based approach to credit risk and/or an advanced measurement approach to operational risk, and is therefore classified as a "Bank – Advanced or Applicant Advanced", the ADI may concurrently be classified as a "Bank – Standardised". In this case, the ADI must comply with the requirements and timeframes for a "Bank – Advanced or Applicant Advanced".
    [4]  A branch of a foreign bank is required to complete this form for the Australian branch only.
    [5]  Refer to paragraph 6 of Reporting Standard ARS 118.0 Off-balance Sheet Business.
   [6]  Securitisation exposures are defined in accordance with APS 120.
    [7]  Cairns Penny Savings and Loans Limited is to be treated in accordance with the reporting period requirements applicable to credit unions.