{"id":"F2017L01022","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2017","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":96921,"registerId":"commonwealth-F2017L01022-current","compilationNumber":null,"startDate":"2026-04-02","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Authority","sectionType":"part","heading":"Authority","content":"# Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nPurpose\n\n2. Information collected by this Reporting Standard is used by APRA for the purposes of satisfying Australia’s obligations in providing aggregate international banking statistics to the Bank for International Settlements, and may be used by APRA for prudential regulation purposes. It may also be used by the Reserve Bank of Australia.\n\nApplication and commencement\n\n3. This reporting standard applies to an authorised deposit-taking institution (ADI) as set out in the table below.\n\n| Class of ADI             | Applicable |\n| ------------------------ | ---------- |\n| Australian-owned Bank    | Yes        |\n| Foreign Subsidiary Bank  | Yes        |\n| Branch of a Foreign Bank | Yes        |\n| Building Society         | No         |\n| Credit Union             | No         |\n| Other ADIs               | No         |\n\n4. This Reporting Standard applies for reporting periods ending on or after 31 December 2017.\n\nInformation required\n\n5. An ADI, to which this Reporting Standard applies, must provide APRA with the information required by ARF 731.1 on a domestic books basis in respect of each reporting period.\n\nForms and method of submission\n\n6. 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 notified by APRA, in writing, prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\nReporting periods and due dates\n\n7. Subject to paragraph 9, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter ending 30 September, 31 December, 31 March and 30 June.\n\n8. The information required by this Reporting Standard must be provided to APRA within 28 calendar days after the end of the reporting period to which the information relates.\n\n9. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:\n\n(a) the particular circumstances of the ADI;\n\n(b) the extent to which the information is required for the purposes of the prudential supervision of the ADI; and\n\n(c) the requirements of the Bank for International Settlements or the Reserve Bank of Australia.\n\n10. APRA may grant an ADI an extension of a due date, in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\nNote: for the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an ADI is nonetheless required to submit the information required no later than the due date.\n\nQuality control\n\n11. The information provided by an ADI under this Reporting Standard must be the product of processes and controls that have been reviewed and tested by the external auditor of the ADI. Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions, issued by the Auditing and Assurance Standards Board, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information.\n\n12. All information provided by an ADI under this Reporting Standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. These systems, processes and controls are to assure the completeness and reliability of the information provided.\n\nAuthorisation\n\n13. When an ADI submits information under this Reporting Standard using the D2A software or, other method as notified by APRA in writing, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant information. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the information to APRA.\n\nMinor alterations to forms and instructions\n\n14. APRA may make minor variations to:\n\n(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n(b) the instructions to a form, to clarify their application to the form\n\nwithout changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify in writing each ADI that is required to report under this reporting standard.\n\nTransitional\n\n16. An ADI must report under the old reporting standards in respect of a transitional reporting period. For these purposes:\n\nold reporting standards means the reporting standards revoked in the determination making this reporting standard (being the reporting standards which this reporting standard replaces);\n\ntransitional reporting period means a reporting period under the old reporting standards:\n\n(a) which ended before the date of revocation of the old reporting standards; and\n\n(b) in relation to which the ADI was required, under the old reporting standards, to report by a date on or after the date of revocation of the old reporting standards.\n\nNote: for the avoidance of doubt, if an ADI was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the ADI is still required to provide the overdue reporting documents in accordance with the old reporting standard.\n\nInterpretation\n\n17. In this reporting standard:\n\nADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nAustralian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.\n\nbranch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.\n\nbuilding society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.\n\nclass of ADI means each of the following:\n\n(i) Australian-owned bank;\n\n(ii) foreign subsidiary bank;\n\n(iii) branch of a foreign bank;\n\n(iv) building society;\n\n(v) credit union; and\n\n(vi) other ADI.\n\ncredit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business.\n\ndue date means the last day of the 28 calendar days provided for in paragraph 8, or, if applicable, paragraph 10.\n\nforeign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.\n\nlocally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or Territory law.\n\nother ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank.\n\nreporting period means a quarter of a year as provided for in paragraph 7.\n\n18. In this Reporting Standard, unless the contrary intention appears, a reference to an Act, Regulations or Prudential Standard is a reference to the Act, Regulations or Prudential Standard as in force from time to time.\n\n19. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: collecting aggregate international banking statistics for the Bank for International Settlements. While it includes ancillary provisions for prudential regulation and RBA use, these are explicitly stated as secondary purposes in paragraph 2. The scope has not expanded beyond data collection from specified ADI classes."},"complexity_factors":["16 defined terms in the interpretation section (paragraphs 17-19), including nested definitions (e.g., 'foreign subsidiary bank' depends on 'locally incorporated')","Conditional application logic: the standard applies differentially across 6 classes of ADIs via a table in paragraph 3","Cross-references to 4 external legislative instruments: Banking Act 1959, Financial Sector (Collection of Data) Act 2001, Australian Prudential Regulation Authority Act 1998, and Auditing and Assurance Standards Board Guidance Statement GS 012","Temporal complexity: transitional provisions in paragraph 16 create parallel obligations under old and new standards with specific cut-off dates","Multiple discretionary powers granted to APRA (paragraphs 9, 10, 14, 15) with varying trigger conditions","Dual-purpose use specification: international obligations (BIS) plus domestic prudential regulation plus RBA use"],"plain_english_summary":"This APRA reporting rule requires Australian-owned banks, foreign subsidiary banks and foreign bank branches to submit quarterly domestic‑books data via form ARF 731.1, electronically through D2A and digitally signed, with filings due 28 days after each quarter. Building societies, credit unions and smaller ADIs are exempt.\n\nThe data supports Australia’s BIS reporting and APRA/RBA prudential oversight. Banks must maintain internal controls and annual external audit checks; APRA can vary timing, frequency or grant extensions."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"The instrument replaces earlier reporting standards without expanding the category of entities required to report; it continues to apply to specified ADI classes and adds mechanics (electronic submission, auditor review) while preserving transitional reporting under the old standards (s.16). There is no textual indication of an expanded substantive scope beyond the described procedural and timing requirements."},"complexity_factors":["Clear and narrow subject-matter: reporting of domestic-books data by specified ADI classes (s.3, s.5)","Standardised periodic reporting with fixed deadlines and possible APRA overrides (ss.7–10)","Technical submission requirements (electronic D2A or notified method) and digital signing/certificates (s.6, s.13)","Mandatory external-auditor review and internal control obligations increase compliance burden (s.11–12)","APRA power to make minor variations to forms and to change frequency introduces administrative discretion (ss.14,9)","Transitional rules preserve prior obligations for certain periods, adding implementation detail (s.16)","Extensive definitions and interpretation clauses that determine scope and application (ss.17–19)"],"plain_english_summary":"This Reporting Standard requires certain authorised deposit-taking institutions (ADIs) to submit quarterly domestic-books banking data to APRA in electronic form for use in aggregate international banking statistics and for prudential purposes (ss.2,5,6). It sets 28‑day deadlines, auditor-reviewed quality controls and digital authorisation for submissions, and gives APRA written discretion to change reporting frequency or grant extensions (ss.7–13,14–15). Reporting and compliance costs fall on the affected ADIs; APRA decides timing, format and limited procedural variations."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-2-of-2017/documents"}}