Document ID: chunk:federal_register_of_legislation:F2023L01225:body:0:p2
Version: federal_register_of_legislation:F2023L01225
Segment Type: other
Provision Reference: 
Character Range: 2914–6244

Definitions
Single Customer View
Time for generating SCV data
Generation and transmission of payment instruction information
Payment methods
Capturing alternative ADI account data
Time for generating and transmitting payment instruction information
Reports
Time for generating and transmitting reports to APRA
Communications
Testing
Audit
Attestation
Adjustments and exclusions
Previous exercise of discretion
Attachment A
Account-holder information
Account details
Account-holder aggregate details
Attachment B
Principles for account aggregation
Calculation of end-of-day deposit balances
Process for determining end-of-day position
Declaration of a direct participant
Accrued interest
Treatment of unsettled payments
Attachment C
Account-holder FCS balance and payment details
Account priority
Apportionment when the aggregate account-holder entitlement is above the FCS limit
ADI summary account-holder and payment data

Authority
     1. This Prudential Standard is made under section 11AF of the Banking Act 1959 (Banking Act).

Application
    2.             This Prudential Standard applies to all authorised deposit-taking institutions (ADIs) except for foreign ADIs and purchased payment facility providers.

Commencement
    3.             This Prudential Standard commences on 1 October 2023.

Interpretation
    4.             In this Prudential Standard:

       (a)          terms that are defined in Prudential Standard APS 001 Definitions appear in bold the first time they are used in this Prudential Standard. Where this Prudential Standard requires a thing to be done, that requirement is to be read as excluding the operation of subsection 36(2) of the Acts Interpretation Act 1901;[1]

       (b)          where APRA may exercise a power or discretion, this power or discretion is to be exercised in writing; and

       (c)          unless the contrary intention appears, a reference to an Act, Regulations or Prudential Standard is a reference to the Act, Regulations or Prudential Standard as in force from time to time.

Definitions
    5.             In this Prudential Standard:

       (a)          'AEST' means Australian Eastern Standard Time;

       (b)          'Alternative ADI account data' refers to the BSB and account number details at an alternative ADI to which EFT payment may be made in the event that the ADI is a declared ADI;

       (c)          'Approved form' means a form approved, in writing, by APRA and which APRA publishes on its website from time to time;

       (d)          'ATM' refers to automatic teller machine;

       (e)          'ATO' refers to the Australian Taxation Office;

       (f)           'declared ADI' has the meaning in subsection 5(1) of the Banking Act;

       (g)          'electronic banking' means all electronic delivery channels, such as internet banking, telephone banking and mobile phone banking, which are accessed using a unique customer identification and password;

       (h)          'EFT' refers to electronic funds transfer;

       (i)            'EFTPOS' refers to electronic funds transfer at point of sale;

       (j)            'end-of-day' means 9.00 am AEST on the day following the date on which the Minister's declaration is made under section 16AD of the Banking Act in relation to an ADI or, for testing