Document ID: chunk:federal_register_of_legislation:F2022L00212:body:0:p17
Version: federal_register_of_legislation:F2022L00212
Segment Type: other
Provision Reference: 
Character Range: 53107–56311

specified. Report credit outstanding for loans and finance leases gross of collective provisions and individual provisions. Note that this differs from the reporting of loans and finance leases under Australian Accounting Standards.

Report monetary amounts on ARF 720.1B in Australian dollars or the Australian dollar equivalent of the foreign currency.  Convert amounts denominated in foreign currency to AUD in accordance with AASB 121.

Report items on ARF 720.1B as whole dollars.

Standard Business Reporting (SBR)

The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment of the item collected.

Specific instructions

Terms highlighted in bold italics are defined in Reporting Standard ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.

Examples included under 'Include' and 'Exclude' must not be taken as an exhaustive list of items to be included or excluded.

     1. Gross outstanding loans and finance leases – by counterparty

Item 1 collects information on the value of loans and finance leases by currency.

Data for resident and non-resident borrowers are collected separately. Note that this treatment differs from ARF 720.0A/B, where loans and finance leases to non-residents are not separately identified.

Only include loans and finance leases that are held on-balance sheet.

Column 1   Report the value of credit outstanding.

           SBR: submit column 1 with accounting type of debit (assets).

Column 2   Report the value of individual provisions.

           SBR: submit column 2 with accounting type of credit (liabilities).

Item 1.1                                 Report for loans and finance leases.

                                         Item 1.1 is a derived item.  Report the value of total loans and finance leases in item 1.1 as the sum of item 1.1.1 and item 1.1.2.

                                         For column 1, item 1.1 is equal to loans and finance leases – total gross of collective provisions and individual provisions reported in item 6, column 1 on ARF 720.0A/B.

                                         For column 2, item 1.1 is equal to loans and finance leases – individual provisions reported in item 6, column 2 on ARF 720.0A/B.

Item 1.1.1                               Report for loans and finance leases to residents.

                                         Item 1.1.1 is a derived item.  Report the value of loans and finance leases in item 1.1.1 as the sum of item 1.1.1.1, item 1.1.1.2, item 1.1.1.3, item 1.1.1.4 and item 1.1.1.5.

Item 1.1.1.1                             Report for loans and finance leases to resident households.

                                         Item 1.1.1.1 is a derived item.  Report the value of loans and finance leases in item 1.1.1.1 as the sum of item 1.1.1.1.1 and item 1.1.1.1.2.

Item 1.1.1.1.1                           Report for loans to resident households for the purpose of housing.

                                         Item 1.1.1.1.1 is a derived item. Report the value of loans in item 1.1.1.1.1 as the