Document ID: chunk:federal_register_of_legislation:F2024L01128:body:0:p4
Version: federal_register_of_legislation:F2024L01128
Segment Type: other
Provision Reference: 
Character Range: 8400–11461

a variation it must notify in writing each ADI that is required to report under this Reporting Standard.

Transition

 1.          An ADI must report under the old reporting standard in respect of a transitional reporting period. For these purposes:

    old reporting standard means Reporting Standard ARS 115.0 Capital Adequacy: Standardised Measurement Approach to Operational Risk made under Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2022 which was revoked by the determination that makes this Reporting Standard (being the reporting standard that this Reporting Standard replaces); and

    transitional reporting period means a reporting period within the meaning given in the old reporting standard:
        1.           that ended before 30 September 2024; and

        2.           in relation to which the ADI would have been required, if the old reporting standard had not been revoked, to report by a date on or after the date of revocation of the old reporting standard.

    Note: For the avoidance of doubt, if an ADI was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the ADI is still required to provide any overdue reporting documents in accordance with the old reporting standard.

Interpretation

 1.          In this Reporting Standard:

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

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

APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.

APS 001 means Prudential Standard APS 001 Definitions or, if that standard is revoked, Prudential Standard CPS 001 Defined terms as it applies to an ADI or authorised NOHC.

authorised NOHC has the meaning given in the Banking Act 1959.

business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.

due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.

foreign ADI has the meaning given in section 5 of the Banking Act 1959.

    immediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised NOHC, that is an immediate parent NOHC.

Level 1 has the meaning given in APS 001.

Level 2 has the meaning given in APS 001.

reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.

 1.          In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulation, Prudential Standard, Reporting Standard, Australian Accounting Standard or Auditing Standard is a reference to the instrument as in force or existing from time to time.

ARF_115_0: Capital Adequacy: Standardised Measurement Approach to Operational Risk

Section A: Business indicator component
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