Document ID: chunk:federal_register_of_legislation:F2021L01471:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 44 of 2021

Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood

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. 43 of 2021, including Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood made under that Determination; and

(b)   determine Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood, 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 31 October 2021.

This instrument commences on 31 October 2021.

Dated: 27 October 2021

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 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood comprises the document commencing on the following page.

Reporting Standard ARS 920.8

Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood

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 920.8 Australian Government SME Recovery Loan Scheme – Flood (Portfolio Information) (ARF 920.8) and Reporting Form ARF 920.9 Australian Government SME Recovery Loan Scheme – Flood (Loan Level Details) (ARF 920.9) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Recovery Loan Scheme. This information may also be used by APRA for prudential purposes.

Application
3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) who are granted a guarantee under section 60 of the Public Governance, Performance and Accountability Act 2013 in relation to the Australian Government SME Recovery Loan Scheme, for lending to businesses that are located or operating in eligible Local Government Areas (LGAs) impacted by the floods in March 2021.[1]

Commencement

4.             This Reporting Standard applies to reporting periods ending on or after 31 October 2021.

Information required
5.             An ADI or RFC to which this Reporting Standard applies must provide