Document ID: chunk:federal_register_of_legislation:F2018L00363:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 8 of 2018

Reporting Standard ARS 118.0 Off-balance Sheet Business

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. 3 of 2008, including Reporting Standard ARS 118.0 Off-balance Sheet Business made under that Determination; and

    (b)          DETERMINE Reporting Standard ARS 118.0 Off-balance Sheet Business, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 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 1 April 2018.

This instrument commences on 1 April 2018.

Dated: 21 March 2018

[Signed]

Alison Bliss
General Manager
Data Analytics 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 118.0 Off-balance Sheet Business comprises the document commencing on the following page.

Reporting Standard ARS 118.0

Off-balance Sheet Business

Objective of this Reporting Standard

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

This Reporting Standard outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution's off-balance sheet exposures. It should be read in conjunction with:

     * the versions of Reporting Form ARF 118.0 Off-balance Sheet Business designated for an authorised deposit-taking institution reporting at Level 1 and Level 2, and the associated instructions (all of which are attached and form part of this Reporting Standard); and
     * Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk or Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk, as appropriate.

Authority

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

Purpose

    2.             Data collected in Reporting Form ARF 118.0 Off-balance sheet business (ARF 118.0) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk or Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk, as appropriate.  It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).

Application and commencement

    3.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) that is included in one of the