Document ID: chunk:federal_register_of_legislation:F2017L01315:body:0:p3
Version: federal_register_of_legislation:F2017L01315
Segment Type: other
Provision Reference: 
Character Range: 5536–8483

Note: for the avoidance of doubt, paragraph 13 of this Reporting Standard does not limit APRA from, under section 17 of the Financial Sector (Collection of Data) Act 2001, directing an ADI or RFC to give APRA explanation of, or variation to, information provided by an ADI or RFC under this Reporting Standard.

    14.         For reporting periods ending after 30 June 2017, all information provided by an ADI under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.

    15.         All information provided by an ADI or RFC under this Reporting Standard must be subject to systems, processes and controls developed by the ADI or RFC for the internal review and authorisation of that information. These systems, processes and controls developed by the ADI or RFC are to ensure the completeness and reliability of the information provided.

    Note: for the avoidance of doubt, paragraph 13 of this Reporting Standard does not limit the requirements of paragraph 15 of this Reporting Standard.

Authorisation

    16.         When an officer or agent of an ADI or RFC provides the information required by this Reporting Standard using the 'Direct to APRA' software, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate acceptable to APRA.

Minor alterations to forms and instructions

    17.         APRA may make minor variations to:

       (a)          a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or

       (b)          the instructions to a form, to clarify their application to the form

    without changing any substantive requirement in the form or instructions.

    18.         If APRA makes such a variation it must notify in writing each ADI or RFC that is required to report under this Reporting Standard.

Interpretation

    19.         In this Reporting Standard:

    AASB has the meaning in section 9 of the Corporations Act 2001.

    agricultural activity means economic activity in one of the industry classifications listed on ARF 750.0.

    authorised deposit-taking institution (ADI) means an authorised deposit-taking institution within the meaning of the Banking Act 1959.

    bank