Document ID: chunk:federal_register_of_legislation:F2021L01470:body:0:p1
Version: federal_register_of_legislation:F2021L01470
Segment Type: other
Provision Reference: 
Character Range: 0–3119

Financial Sector (Collection of Data) (reporting standard) determination No. 45 of 2021

Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) determine Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I declare that the reporting standard shall begin to apply to those financial sector entities on 31 October 2021.

This instrument commences on 31 October 2021.

Dated: 27 October 2021

Alison Bliss
General Manager
Data Analytics & Insights Division

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

    financial sector entity has the meaning given by section 5 of the Act.

    Schedule

Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme comprises the document commencing on the following page.

Reporting Standard ARS 920.10

Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme

Authority
     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose
2.             Information collected by Reporting Form ARF 920.10 Australian Government SME Recovery Loan Scheme (Portfolio Information) (ARF 920.10) and Reporting Form ARF 920.11 Australian Government SME Recovery Loan Scheme (Loan Level Details) (ARF 920.11) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Recovery Loan Scheme. This information may also be used by APRA for prudential purposes.

Application
3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) who are granted a guarantee under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 in relation to the Australian Government SME Recovery Loan Scheme for lending, from 1 October 2021 to 31 December 2021 or such date specified in the rules governing the Australian Government SME Recovery Loan Scheme, to businesses that are adversely economically affected by the Coronavirus pandemic.[1]

Information required
4.             An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by ARF 920.10 and ARF 920.11 in respect of each reporting period on a domestic books consolidation.
5.             Where the primary borrower is adversely economically affected by the Coronavirus pandemic and also was adversely affected by the floods that occurred in March 2021, an ADI or RFC must provide information under this Reporting Standard and not under