{"id":"F2005L01686","name":"Financial Sector (Collection of Data) determination No. 40 of 2005","slug":"financial-sector-collection-of-data-determination-no-40-of-2005","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":35742,"registerId":"commonwealth-F2005L01686-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) determination No. 40 of 2005","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) determination No. 40 of 2005\n\nReporting standards ARS 320.1, ARS 322.0 and ARS 323.0\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Charles Watts Littrell, a 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 REVOKE the reporting standards set out in the Schedule, which have applied to ADIs as defined in the Banking Act 1959.\n\nUnder section 15 of the Act, I DECLARE that a reporting standard set out in the Schedule shall cease to apply to ADIs on the day that a corresponding reporting standard begins to apply to ADIs (without prejudice to any accrued obligation that may have arisen in respect of a reporting period ending before 30 June 2005).\n\nDated 21 June 2005\n\n\\[signed\\]\n\n……………………............\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Research and Statistics Division\n\nAPRA\n\nInterpretation\n\nIn this Notice\n\n> APRA means the Australian Prudential Regulation Authority.\n\n> corresponding reporting standard, in relation to a reporting standard set out in the Schedule, means the reporting standard made on the date of this determination that has the same series number as the reporting standard mentioned in the Schedule (e.g. reporting standard ARS 320.0 (2005) is the corresponding reporting standard in relation to reporting standard ARS 320.0 (2003)).\n\n  \n\nSchedule\n\n-   Reporting Standard ARS 320.0 (2003) Statement of Financial Position (Domestic Books)\n\n-   Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated)\n\n-   Reporting Standard ARS 323.0 Statement of Financial Position (Licensed ADI)","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1715},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the limited transitional function described—revoking specific superseded reporting standards and managing the transition timing. There is no expansion beyond this housekeeping purpose."},"complexity_factors":["Only 2 defined terms in the interpretation section (APRA and corresponding reporting standard)","Single transitional mechanism with clear trigger condition (cessation upon commencement of corresponding standard)","No nested exceptions, penalty provisions, or substantive regulatory content","Brief Schedule listing only 3 revoked standards","Straightforward revocation power exercised under explicit statutory authority"],"plain_english_summary":"This APRA housekeeping instrument formally cancels three outdated reporting standards that required ADIs to lodge statements of financial position. It affects banks and other authorized deposit-taking institutions by removing overlapping obligations and ensuring a clean transition to the updated reporting framework without dual compliance.\n\nA safety‑net clause preserves that institutions won’t be penalized for reports already filed for periods ending before 30 June 2005, while the old standards cease to apply once the corresponding new standards take effect."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005","history":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005/history","analysis":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005/important-cases","documents":"/api/acts/financial-sector-collection-of-data-determination-no-40-of-2005/documents"}}