Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p23
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 83039–86553

writing, addressed by one person to another, signed by the person giving it (the drawer), requiring the person to whom it is addressed (the drawee or acceptor) to pay on demand, or at a fixed or determinable future time, a sum of money to, or to the order of, a specified party, or to bearer. It is typically a negotiable instrument with an original maturity of 180 days or less.

Benchmark rate             Means the rate at which the ADI or RFC can issue senior unsecured debt in the relevant currency.

                           Express the benchmark rate as an outright rate (not a spread).

Break fees charged         Means fees charged by the lender when a customer terminates a contract early.

                           For example, when a customer:

                                * with a fixed interest rate loan repays a greater value of their loan within a specified period than is allowed under the contract, or refinances or repays the loan before the end of the fixed interest rate period;
                                * with a finance lease terminates the contract before its contractual expiry date;
                                * with a fixed-term deposit withdraws some or all of their funds before the end of the fixed period.

C

Capital expenditure                             Refers to the sum of outlays incurred for the purchase of fixed tangible assets and/or intangible assets by the business during the reference period. Include capital work done by own employees.

                                                It includes:

                                                     * all costs capitalised in this business' books (including legal fees, real estate transfer costs and assets acquired under finance leases);
                                                     * progress payments made to contractors for capital work done by them; and
                                                     * major improvements, alterations and additions to property, plant and equipment.

                                                It excludes:

                                                     * progress payments for plant and equipment being produced on order;
                                                     * payments for repair and maintenance of property, plant and equipment; and
                                                     * interest expense incurred.

Capital profits reserve                         Means the realised value of revaluations associated with an asset or class of assets that have been disposed of. These assets have been subject to the fair value basis of measurement and revaluations accounted for in accordance with accounting standard AASB 116 Property, Plant and Equipment (AASB 116). Due to the disposal of these assets, the balance of the asset revaluation reserve (ARR) associated with these assets has been transferred to a capital profits reserve.

Capitalised expenses                            Refers to delaying the recognition of expenses by recording the expense as a long-term asset.

Cash currency                                   Means the currency in which the cash leg of the repo or reverse repo is denominated.

Centrally cleared                               Means principal-to-principal transactions novated by a central counterparty rather than settled on a bilateral basis.

Certificates of deposit                         Means a category of debt securities or deposits that are issued at a discount