Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p1
Version: federal_register_of_legislation:F2019L00828
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Financial Sector (Collection of Data) (reporting standard) determination No. 26 of 2019

Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated)

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. 22 of 2018, including Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated) made under that Determination; and

  (b)   DETERMINE Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated), 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 July 2019.

This instrument commences on 1 July 2019.

Dated: 13 June 2019

[Signed]

Alison Bliss
General Manager
Data Analytics & Insights 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 322.0 Statement of Financial Position (Consolidated) comprises the document commencing on the following page.

Reporting Standard ARS 322.0

Statement of Financial Position (Consolidated)
Objective of this Reporting Standard
This Reporting Standard sets out requirements for the provision of information to APRA relating to an authorised deposit-taking institution's statement of financial position.
It includes Reporting Form ARF 322.0 Statement of Financial Position (Consolidated) and the associated specific instructions.

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

Purpose
2.             Information collected by Reporting Form ARF 322.0 Statement of Financial Position (Consolidated) (ARF 322.0) is used by APRA for the purpose of prudential supervision. 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 a highest parent entity in relation to a consolidated ADI group. This Reporting Standard does not apply to a branch of a foreign bank.
4.             This Reporting Standard commences on 1 July 2019.

Information required
5.             An ADI to which this Reporting Standard applies must provide APRA with the information required by ARF 322.0 for each reporting period.

Method of submission
6.             The information required by this Reporting Standard must be given to APRA in electronic format, using the 'Direct to APRA' application or by a method (i.e. a web-based solution) notified by APRA, in writing, prior