Document ID: chunk:federal_register_of_legislation:F2017L01033:body:0:p3
Version: federal_register_of_legislation:F2017L01033
Segment Type: other
Provision Reference: 
Character Range: 5498–8665

the product of processes and controls that have been reviewed and tested by the external auditor of the ADI. 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 be done on an annual basis or more frequently if necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information.

    13.         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. These systems, processes and controls are to assure the completeness and reliability of the information provided.

Authorisation

    14.         When an ADI submits information under this Reporting Standard using the D2A software or, other method as notified by APRA in writing, 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

    15.         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.

    16.         If APRA makes such a variation it must notify in writing each ADI that is required to report under this reporting standard.

Interpretation

    17.         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.

    branch of a foreign bank means a 'foreign ADI' as defined in section 5 of 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.

    class of ADI means each of the following:

        (i)                  Australian-owned bank;

        (ii)               foreign subsidiary bank;

        (iii)             branch of a foreign bank;

        (iv)              building society;

        (v)                credit union; and

        (vi)              other ADI.

    credit union means a locally incorporated ADI