Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p25
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 89983–95522

for generating income primarily other than through rent or sale.

                                                For more detailed definitions see ARS 230.0.

Commingled pool                                 Means a fund consisting of a diverse set of assets.

Communications equipment                        It includes:

                                                       * telecommunications equipment;
                                                       * main exchange and other switching equipment;
                                                       * electronic switchboards;
                                                       * cable/wire for communications purposes;
                                                       * television and radio broadcast studio equipment;
                                                       * television and radio transmitters and radio transceivers; and
                                                       * modems.

Computer software capitalised                   It includes:

                                                     * capitalised computer software license fees;
                                                     * installation costs;
                                                     * purchase or development of large databases;
                                                     * computer software developed in-house; and
                                                     * capitalised payments to contractors and consultants for software development.

                                                It excludes:

                                                     * computer software expensed; and
                                                     * software maintenance.

Computer software expensed                      Refers to costs incurred related to computer software.

                                                It includes:

                                                     * installation costs paid to external service providers;
                                                     * purchase costs; and
                                                     * expensed computer software licence fees.

                                                It excludes:

                                                     * computer software capitalised;
                                                     * other information technology licence fees and royalties; and
                                                     * software maintenance.

Computers and computer peripherals              It includes:

                                                     * multi-user, desktop and portable computers;
                                                     * computer file servers; and
                                                     * laser printers and other peripherals.

                                                It excludes: modems.

Construction (purpose)                          Means the creation of new dwellings, non-residential buildings or non-building structures.

                                                For dwellings, include:

                                                     * newly erected dwellings;
                                                     * changes to existing dwellings that result in the creation of a new dwelling (e.g. a granny-flat); and
                                                     * conversions from non-residential buildings to dwellings (e.g. a warehouse converted to apartments).

                                                For non-residential building, include: conversions from dwellings to non-residential buildings.

Contract expense not elsewhere included         Refers to costs incurred to other businesses and self-employed persons for work done on a contract basis.

                                                It includes:

                                                     * payments to other businesses and self-employed persons for work done on a contract basis;
                                                     * contractors and subcontractors and their and their employees; and
                                                     * owner/drivers.

Convertible note                                Means a type of hybrid security treated as liabilities under Australian Accounting Standards. It is an instrument that contains a provision under which it may be converted from debt to equity under specific circumstances.

                                                It includes:

                                                     * Additional Tier 1 capital instruments that are treated as liabilities under Australian Accounting Standards; and
                                                     * Tier 2 capital instruments.

Cost of funds                                   Means the institution's internal funds transfer pricing rate for an asset. The price is established by the institution's treasury area and 'charged' to the relevant business area.

                                                Where there are multiple costs of funds within a line item, represent the weighted average of these amounts in the reported value.

Covered bond collateral pool                    Covered bond collateral pool has the meaning of 'cover pool' as in the Banking Act 1959.

Covered bonds                                   Covered bonds are debt securities that are backed by a ring-fenced pool of assets,