Document ID: chunk:federal_register_of_legislation:F2021L01098:body:0:p2
Version: federal_register_of_legislation:F2021L01098
Segment Type: other
Provision Reference: 
Character Range: 2909–5991

This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Application and commencement

    4.             This Reporting Standard applies to an authorised deposit-taking institution (ADI) or registered financial corporation (RFC) as set out in the table below, where 'personal credit' is measured by the value reported in item 1.1.1.1.2 (column 1) on Reporting Form ARF 720.1A/B ABS/RBA Loans and Finance Leases (Standard)/(Reduced) (ARF 720.1A/B) and 'deposits' are measured by the value reported in item 14 on Reporting Form ARF 720.0A/B ABS/RBA Statement of Financial Position (Standard)/(Reduced) (ARF 720.0A/B).

Class of financial institution  ARF 746.0A                                                         ARF 746.0B

ADIs                            Yes if personal credit ≥ $500 million and deposits  ≥ $25 billion  Yes if personal credit ≥ $500 million and deposits < $25 billion

RFCs                            Yes if personal credit ≥ $500 million and deposits  ≥ $25 billion  Yes if personal credit ≥ $500 million and deposits < $25 billion

    5.             APRA may from time to time determine that a higher threshold will apply to a particular ADI or RFC than that specified in paragraph 4 of this Reporting Standard and if APRA does so it will notify the ADI or RFC concerned in writing.

    6.             This Reporting Standard applies for reporting periods ending on or after 30 September 2021.

Information required

    7.             An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by this Reporting Standard for each reporting period on a domestic books consolidation.

Method of submission

    8.             The information required by this Reporting Standard must be given to APRA in electronic format, using the 'Direct to APRA' application or by a method (i.e. a web-based solution) notified by APRA, in writing, prior to submission.

    Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.

Reporting periods and due dates

    9.             The information required by this Reporting Standard must be provided in respect of each calendar month by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5.

    10.         The information required by this Reporting Standard must be provided to APRA within 15 business days after the end of the reporting period to which the information relates.

    11.         APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI or RFC, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:

       (a)          the particular circumstances of the ADI or RFC; and

       (b)          the extent to which the information is required for the purposes of the ABS or RBA.

    12.         APRA