Document ID: chunk:federal_register_of_legislation:F2021L01116:body:0:p23
Version: federal_register_of_legislation:F2021L01116
Segment Type: other
Provision Reference: 
Character Range: 71505–74445

Where finance (identified at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).

Credit outstanding & credit outstanding, net of offset account balances

Report outstanding finance under the category in which it sits as at the reporting date. For example, if a loan was originally classified as having a fixed interest rate but now has a variable interest rate then it must be reported as variable interest rate for the current reporting period.

Treatment of facilities

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

When reporting the weighted average interest rate, weight each interest rate by its corresponding balance outstanding.

Values

Unless otherwise specifically stated, information reported on this form must comply with Australian Accounting Standards.

Report monetary amounts on ARF 742.0B in Australian dollars or the Australian dollar equivalent of the foreign currency amount. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121.

Report values on ARF 742.0B as whole dollars.

Numbers

Report numbers on ARF 742.0B unscaled, as whole numbers for ADIs and RFCs.

Averages

Report averages on ARF 742.0B unscaled, as numbers to two decimal places.

Interest rates

ADIs and RFCs are required to report contractual interest rates. Report interest rates as an annualised percentage rate to two decimal places.

Refer to the interest rates definition for further guidance (ARS 701.0).

Standard Business Reporting (SBR)

The accounting type (i.e. credit or debit) is stated for all monetary items and represents the natural accounting balance of the item collected.

Specific instructions

Terms highlighted in bold italics are defined in ARS 701.0.

All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.

Examples included under 'Include' and 'Exclude' must not be taken as an exhaustive list of items to be included or excluded.

     1. Business credit outstanding – by interest rate type

Item 1 collects information on the stock of total credit outstanding (loans, finance leases and bill acceptances) to private and public sector businesses.

Reporting basis: report item 1 as at the end of the reporting period.

SBR: submit item 1 with accounting type of debit (assets).

Exclude facilities with