Document ID: chunk:federal_register_of_legislation:F2023L00313:body:0:p3
Version: federal_register_of_legislation:F2023L00313
Segment Type: other
Provision Reference: 
Character Range: 5436–8533

30
Bank – Standardised                        20
Branch of a Foreign Bank                   Not applicable
Building Society                           15
Credit Union                               15
Provider of Purchased Payment Facilities   Not applicable
Other ADI[1]                               20

    10.         APRA may grant an ADI an extension, in writing, of a due date, in which case the new due date for the provision of the information will be the date on the notice of extension.

Quality control

    11.         The information provided by an ADI under this Reporting Standard (except for the information required under paragraph 5) must be the produced by processes and controls that have been reviewed and tested by the external auditor of the ADI once the ADI is required to comply with AASB 13 Fair Value Measurement for public reporting in Australia. Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions, issued by the Auditing and Assurance Standards Board, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must occur at least annually and more frequently if necessary for the external auditor to form an opinion on the accuracy and reliability of the information.

    12.         All information provided by an ADI under this Reporting Standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.

Authorisation

    13.         When an ADI submits information under this Reporting Standard, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant information. For this purpose, APRA's certificate authority will issue 'digital certificates', for use with the software, to officers of the ADI who have authority from the ADI to transmit the information to APRA.

Minor alterations to forms and instructions

    14.         APRA may make minor variations to:

       (a)          a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or

       (b)          the instructions to a form, to clarify their application to the form,

    without changing any substantive requirement in the form or instructions.

    15.         If APRA makes such a variation it must notify, in writing, each ADI that is required to report under this Reporting Standard.

Transition

    16.         An ADI must report under the old reporting standard in respect of a transitional reporting period. For these purposes:

    old reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and

    transitional reporting period means a reporting period under