Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p19
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 52434–55466

for trading or Securities not held for trading.
Generally include:
     * overdrafts;
     * secured and unsecured lending;
     * financial lease agreements;
     * account balances which do not qualify as deposits;
     * credit card outstanding balances;
     * term loans;
     * mortgage lending;
     * commercial loans;
     * equity participation in leveraged leases;
     * redeemable preference share finance; and
     * subordinated loans.
Exclude:
     * bills of exchange, commercial paper and promissory notes (report as Securities held for trading or Securities not held for trading);
     * bills of exchange both discounted and held notes (report as Securities held for trading or Securities not held for trading);
     * bonds, debentures, medium term notes (MTNs), transferable certificates of deposit (TCDs), floating-rate notes (FRNs) (show as Securities held for trading or Securities not held for trading);
     * FRNs (show as Securities held for trading or Securities not held for trading);
     * account balances with financial intermediaries such as ADIs (show as deposits or due from other financial institutions); and
     * receivables due from counterparties arising from the first leg of a repurchase agreement.  This receivable should be reported to Securities purchased under agreements to resell.
Loans and advances are recognised at amortised cost, after assessing required provisions.
Loans and advances should be recorded net of unearned revenue; this is mainly with respect to unearned lease receivables.
Netting is permitted in accordance with the requirements of the Australian accounting standards (i.e. where there is a legal right to set off the recognised amounts and there is an intention to settle on a net basis, or realise the assets and settle the liability simultaneously).

Loan loss provisioning
Provisions assessed on an individual facility basis in accordance with the Australian equivalents to International Financial Reporting Standards[3] (IFRS) are to be treated as specific provisions in the reporting forms for regulatory reporting purposes APS 220 Credit Quality (APS 220). Specific provisions also include that portion of provisions assessed on a collective basis that are not eligible for regulatory purposes to be included in General Reserve for Credit Losses as defined by APS 220.
Note: Specific provisions and General Reserve for Credit Losses for products and counterparties where indicated in the form are to be reported only if the data is already recorded and allocated on that basis by the institution. Otherwise the specific provision and General Reserve for Credit Losses can be disclosed in aggregate.
Do not include associated deferred tax assets (DTA) in the amounts reported for General Reserve for Credit Losses or specific provisions.  Include associated DTA in 'Other Assets - DTA - General Reserve for Credit Losses'.

Loans and Advances

6.1 Revolving credit – Balance Outstanding (1)
Include:
     * the gross value of loans of a revolving credit