Document ID: chunk:federal_register_of_legislation:F2023L00313:body:0:p1
Version: federal_register_of_legislation:F2023L00313
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Financial Sector (Collection of Data) (reporting standard) determination No. 1 of 2023

Reporting Standard ARS 111.0 Fair Values

Financial Sector (Collection of Data) Act 2001

I, Michael Murphy, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

(a)   REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2012, including Reporting Standard ARS 111.0 Fair Values made under that Determination; and

(b)   DETERMINE Reporting Standard ARS 111.0 Fair Values, 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 1 April 2023, and the revoked reporting standard shall cease to apply, on 1 April 2023.

This instrument commences on 1 April 2023.

Dated: 21 March 2023

Michael Murphy
General Manager – Chief Data Officer (Acting),
Technology and Data 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 111.0 Fair Values comprises the document commencing on the following page.

Reporting Standard ARS 111.0

Fair Values

Objective of this Reporting Standard

This Reporting Standard sets out the requirements for the provision of information to APRA relating to an authorised deposit-taking institution's fair value measurement. It includes Form ARF 111.0 Fair Values and associated instructions and should be read in conjunction with Prudential Standard APS 110 Capital Adequacy and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.

Authority

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

Purpose

    2.             Information collected in Form ARF 111.0 Fair Values (ARF 111.0) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 110 Capital Adequacy (APS 110) and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.

Application and commencement

    3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) other than branches of foreign banks and providers of purchased payment facilities. This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 5). This Reporting Standard applies for reporting periods commencing on or after 1 April 2023.

Information required

    4.             An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 111.0 designated for an