Document ID: chunk:federal_register_of_legislation:F2023L00410:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 56 of 2023

Reporting Standard ARS 223.0 Residential Mortgage Lending

Financial Sector (Collection of Data) Act 2001

I, Michael Murphy, 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. 11 of 2022, including -              Reporting Standard ARS 223.0 Residential Mortgage Lending made under that Determination; and

    (b)   determine Reporting Standard ARS 223.0 Residential Mortgage Lending, 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 the day it is registered on the Federal Register of Legislation.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 31 March 2023

Michael Murphy
Acting Chief Data Officer
Technology and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established under section 15A of the Legislation Act 2003.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 223.0 Residential Mortgage Lending comprises the document commencing on the following page.

Reporting Standard ARS 223.0

Residential Mortgage Lending

Objective of this Reporting Standard
This reporting standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution's residential mortgage lending.

It includes Reporting Form ARF 223.0 Residential Mortgage Lending 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 223.0 Residential Mortgage Lending (ARF 223.0) is used by APRA for the purposes of prudential supervision. It may also be used by the Reserve Bank of Australia.

Application and commencement

    3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADI) with the exception of:

       (a)          providers of purchased payment facilities (PPFs); and

       (b)          subject to paragraph 4 of this Reporting Standard, foreign ADIs.

    This Reporting Standard may also apply to the authorised non-operating holding company (NOHC) of an ADI (refer to paragraph 7).

    4.             If APRA considers that a foreign ADI undertakes material residential mortgage lending in Australia, APRA may, by notice, apply this Reporting Standard to that ADI having regard to:

       (a)          the particular circumstances of the ADI; and

       (b)          the extent to which information is required for the purposes of the