Document ID: chunk:federal_register_of_legislation:F2023L01244:reg:5
Version: federal_register_of_legislation:F2023L01244
Segment Type: reg
Provision Reference: reg 5
Character Range: 3184–4539

5  Size of an ADI
 (1) Under subsection 5(1A) of the Act, the kinds of ADIs that are large ADIs, is determined by this section.
 (2) An ADI is a large ADI at a time during a financial year if the ADI's total asset size at the start of the financial year is or exceeds $124 billion (indexed in accordance with section 8).
 (3) An ADI's total asset size at the start of a financial year is:
 (a) if, as at the start of that financial year, the ADI has submitted a final report for only one earlier financial year—the ADI's total resident assets value (see section 6) in that final report; or
 (b) if, as at the start of that financial year, the ADI has submitted final reports for only 2 earlier financial years—the average of the total resident assets value in the final report for each of those financial years; or
 (c) if, as at the start of that financial year, the ADI has submitted final reports for 3 or more earlier financial years—the average of the total resident assets value in the final report for each of the 3 most recent of those earlier financial years.
 (4) For the purposes of subsection (3), if an ADI has submitted final reports for a financial year under both Reporting Standard ARS 720.0 and Reporting Standard ARS 323.0, take into account only the total resident assets value in the final report under Reporting Standard ARS 720.0.