Document ID: chunk:federal_register_of_legislation:F2018L00039:body:0:p7
Version: federal_register_of_legislation:F2018L00039
Segment Type: other
Provision Reference: 
Character Range: 17422–19793

balances in protected accounts after application of the FCS limit (which for each account-holder will be their entitlement in all protected accounts or the FCS limit, whichever is the lesser), provided for under subsection 16AG(1) of the Banking Act 1959. Balances must be calculated in accordance with Prudential Standard APS 910 – Financial Claims Scheme on a basis equivalent to a declaration event, including the calculation of accrued interest.

Item 4       Report adjustments to derivatives.

             Item 4 is a derived item, calculated as an amount equal to the lesser of the item 4.1 derivative assets and item 4.2 derivative liabilities for the quarter.

Item 4.1     Report the value of derivative assets.

Item 4.2     Report the value of derivative liabilities.

Item 5       Report the daily average balances of the entity relating to Exchange Settlement Accounts held at the Reserve Bank of Australia to settle financial obligations arising from the clearing of payments. Refer: Reserve Bank of Australia glossary.

Item 6       Report the total of other amounts in accordance with subsection 5(4) legislative instruments.

             Item 6 is a derived item calculated as the sum of item 6.1 Other amounts in accordance with subsection 5(4) legislative instruments, in column 2.

Item 6.1     Report the description of other amounts in accordance with subsection 5(4) legislative instruments in column 1 and the corresponding amount in column 2.

Item 7       Report the applicable liabilities amount, calculated in accordance with subsection 5(2) of the Major Bank Levy Act 2017.

Item 8       Report the amount of levy payable for the quarter, calculated in accordance with subsection 5(1) of the Major Bank Levy Act 2017.

[1] Pursuant to section 227B of the Australian Securities and Investments Commission Act 2001.
    [2]  The term 'parent' is defined in Appendix A of AASB 10 Consolidated Financial Statements, made by the AASB under section 334 of the Corporations Act 2001, as 'An entity that controls one or more entities'.
    [3]  Made by the AASB under section 334 of the Corporations Act 2001.
    [4]  Section 7 of the Act specifies that amounts are to be worked out in accordance with accounting principles or an instrument made under section 8 of the Act.
[5] Made by the AASB under section 334 of the Corporations Act 2001.