Document ID: chunk:federal_register_of_legislation:F2021L01470:body:0:p4
Version: federal_register_of_legislation:F2021L01470
Segment Type: other
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Character Range: 8929–12177

medium enterprises (SMEs).

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 Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood.

General directions and notes

Reporting entity
ARF 920.10 must be completed by all ADIs and RFCs to which this Reporting Standard applies under paragraph 3.

Unit of measurement
This form must be completed in whole Australian dollars (no decimal place). Percentages are to be expressed as a whole number to 2 decimal places, for example 7.5 per cent should be expressed as 7.50, not 0.075.

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

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. Exclude facilities that are entered into and subsequently cancelled, due to being raised in error.

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

Definitions
Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Credit limit                    As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Credit outstanding              As defined in ARS 701.0.

(Lending) Facility              As defined in ARS 701.0.

Guarantee claims                Means a claim made by a lender under the Scheme in respect of a scheme-backed loan.

Guarantee Scheme                Means the Australian Government SME Guarantee Scheme.[2]

Guarantee scheme-backed loan    Means a loan made by a lender under the Guarantee Scheme.

Impaired                        Means an impaired facility as defined by the entity's lender policies.

Interest rate                   As defined in ARS 701.0.

Scheme-backed loan              Means a loan made by a lender under the Scheme where the primary borrower of the loan is adversely economically affected by the Coronavirus pandemic.

Loans approved                  Means borrower-accepted commitments as defined in ARS 701.0.

Loans refinanced                Means loans refinanced after approval that are no longer covered by the Scheme.

Lender policies                 Means policies and procedures of the lender which apply in the origination, administration and management of scheme-backed loans.

Past due                        As defined in ARS 701.0.

Phase 1                         Means those loans written under the Guarantee Scheme up to 30 September 2020.

Phase 2                         Means those loans written under the Guarantee Scheme from 1 October 2020 to 30 June 2021.

Recoveries                      As defined in ARS 701.0.

Scheme                          Means the Australian Government SME Recovery Loan