Document ID: chunk:federal_register_of_legislation:F2023L00349:body:0:p4
Version: federal_register_of_legislation:F2023L00349
Segment Type: other
Provision Reference: 
Character Range: 8458–11602

transitional reporting period means a reporting period under the old reporting standard:

       (a)          which ended before the date of revocation of the old reporting standard; and

       (b)          in relation to which the ADI was required, under the old reporting standard, 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

    16.              In this Reporting Standard:

    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.

    Australian-owned bank means a locally incorporated ADI that assumes or uses the word 'bank' in relation to its banking business and is not a foreign subsidiary bank.

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

    bank – advanced or applicant advanced means an Australian-owned bank or a foreign subsidiary bank that has APRA's approval or is seeking APRA's approval to use an internal ratings-based approach to credit risk and/or an advanced measurement approach to operational risk for capital adequacy purposes.

    bank – standardised means an Australian-owned bank or a foreign subsidiary bank that uses the standardised approaches to credit risk and operational risk for capital adequacy purposes in respect of the whole of its operations.

    branch of a foreign bank means a 'foreign ADI' as defined in the Banking Act 1959.

    building society means a locally incorporated ADI that assumes or uses the expression 'building society' in relation to its banking business.

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

    class of ADI means each of the following:

       (i)            bank – advanced or applicant advanced;

       (ii)         bank – standardised;

       (iii)       branch of a foreign bank;

       (iv)        building society;

       (v)          credit union;

       (vi)        other ADI; and

       (vii)     provider of purchased payment facilities.

    credit union means a locally incorporated ADI that assumes or uses the expression 'credit union' in relation to its banking business and, for the purposes of this reporting standard, includes Cairns Penny Savings and Loans Limited.

    foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.

    GS 012 means the auditing and assurance standard entitled Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions so made by the Auditing and Assurance Standards Board.

    immediate parent NOHC means an authorised NOHC,