{"id":"F2021L01115","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 27 of 2021","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":102030,"registerId":"commonwealth-F2021L01115-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 27 of 2021","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 27 of 2021\n\nReporting Standard ARS 720.2 ABS/RBA Deposits\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Alison Bliss, 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:\n\n(a) revoke Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2019, including Reporting Standard ARS 720.2 ABS/RBA Deposits made under that Determination; and\n\n(b) determine Reporting Standard ARS 720.2 ABS/RBA Deposits, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 of the reporting standard.\n\nUnder section 15 of the Act, I declare that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on the day it is registered on the Federal Register of Legislation.\n\nThis instrument commences upon registration on the Federal Register of Legislation.\n\nDated: 30 July 2021\n\n\\[Signed\\]\n\nAlison Bliss\n\nGeneral Manager\n\nData Analytics & Insights Division\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nfinancial sector entity has the meaning given by section 5 of the Act.\n\nSchedule\n\nReporting Standard ARS 720.2 ABS/RBA Deposits comprises the document commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard ARS 720.2\n\nABS/RBA Deposits\n\nObjective of this Reporting Standard\n\nThis Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s or registered financial corporation’s deposits.\n\nIt includes Reporting Form ARF 720.2A ABS/RBA Deposits (Standard) and Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) and the associated specific instructions.\n\nAuthority\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 Reporting Form ARF 720.2A ABS/RBA Deposits (Standard) (ARF 720.2A) and Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) (ARF 720.2B) is used by the ABS and RBA for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. This information may also be used by APRA for prudential and publication purposes.\n\n3. 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).\n\nApplication and commencement\n\n4. This Reporting Standard applies to an authorised deposit-taking institution (ADI) or registered financial corporation (RFC) as set out in the table below.\n\n \n\n| Class of financial institution | ARF 720.2A | ARF 720.2B |\n| ------------------------------ | ---------- | --------------------------- |\n| ADI Reporting Category A | No | Yes if total assets ≥ $200m |\n| ADI Reporting Category B | Yes[1] | No |\n| RFCs | No | Yes if total assets ≥ $50m |\n\nNote: ‘total assets’ is measured in accordance with paragraph 9.\n\n5. APRA may from time to time determine that a threshold, or a higher threshold than that specified in paragraph 4 of this Reporting Standard, will apply to a particular ADI or RFC. If APRA does so it will notify the ADI or RFC concerned in writing.\n\n6. This Reporting Standard applies for reporting periods ending on or after 30 September 2021.\n\nInformation required\n\n7. 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.\n\nMethod of submission\n\n8. 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.\n\nNote: the Direct to APRA application software (also known as D2A) may be obtained from APRA.\n\nReporting periods and due dates\n\n9. The information required by this Reporting Standard must be provided by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5:\n\n(a) in respect of each calendar month by an ADI in ADI Reporting Category B, an ADI in ADI Reporting Category A with total assets ≥ $200 million and by an RFC with total assets ≥ $400 million; and\n\n(b) in respect of each financial year (within the meaning of the Corporations Act 2001) of the RFC, by an RFC with total assets < $400 million.\n\nNote:\n\n An ADI’s ‘total assets’ is measured by the value reported in item 13 (column 1) on ARF 720.0A/B or the value reported in item 11 (column 1) on Reporting Form ARF 323.0 Statement of Financial Position (Licensed ADI) (ARF 323.0) as at 31 December of the prior calendar year.\n\n 2. The ‘total assets’ for an RFC is measured by the value reported in item 13 (column 1) on ARF 720.0A as at the last day of the RFC’s prior financial year (within the meaning of the Corporations Act 2001).\n\n10. The information required by this Reporting Standard must be provided to APRA within 10 business days after the end of the reporting period to which the information relates.\n\n11. 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:\n\n(a) the particular circumstances of the ADI or RFC; and\n\n(b) the extent to which the information is required for the purposes of the ABS or RBA.\n\n12. APRA may grant an ADI or RFC 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\nQuality control\n\n13. All information provided by an ADI or RFC under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI or RFC as set out in Prudential Standard APS 310 Audit and Related Matters for ADIs or Reporting Standard RRS 710.0 ABS/RBA Audit Requirements for Registered Financial Corporations for RFCs. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information 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 required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI or RFC under this Reporting Standard.\n\n14. All information provided by an ADI or RFC under this Reporting Standard must be subject to systems, processes and controls developed by the ADI or RFC 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\n15. When an officer or agent of an ADI or RFC submits information under this Reporting Standard and uses the D2A application, or other method notified by APRA, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate or other digital identity credential acceptable to APRA.\n\nInterpretation\n\n16. Terms that are defined in ARS 701.1 appear in bold and italics in this Reporting Standard.\n\n17. In this Reporting Standard:\n\ndue date means the last day of the 10 business days provided for in paragraph 10 or, if applicable, the date on a notice of extension given under paragraph 12.\n\nreporting period means a month of a year as provided for in paragraph 9 or, if applicable, the date on a notice given under paragraph 11.\n\n18. Unless the contrary intention appears, any reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n| ARF_720_2A: ABS/RBA Deposits (Standard) |\n| --------------------------------------- |\n\n| Australian Business Number | Institution Name |\n| -------------------------- | ---------------- |\n| | |\n| Reporting Period | Scale Factor |\n| Monthly | |\n| Reporting Consolidation | |\n| Domestic | |\n\n```html\n

Transaction

Non-transaction

Total

of which: Denominated in FX (AUD equivalent)

Fixed-term deposits

of which: Denominated in FX (AUD equivalent)

Other non-transaction deposits

of which: Denominated in FX (AUD equivalent)

Total deposits

(1)

(2)

(3)

(4)

(5)

(6)

(7)

  1. Total deposits

1.1. Resident deposits

1.1.1. Households

1.1.1.1. of which: Housing loan offset accounts

1.1.1.2. of which: Retirement savings accounts

1.1.1.3. of which: Non-interest-bearing

1.1.2. Community service organisations

1.1.3. Non-financial businesses

1.1.3.1. Private non-financial investment funds

1.1.3.2. Other private non-financial corporations

1.1.3.3. Private unincorporated businesses

1.1.3.4. State, territory and local government non-financial corporations

1.1.3.5. Commonwealth Government non-financial corporations

1.1.4. General government

1.1.4.1. State, territory and local general government

1.1.4.2. Commonwealth general government

1.1.5. Financial institutions

1.1.5.1. RBA

1.1.5.2. ADIs

1.1.5.3. Registered financial corporations

1.1.5.4. Central borrowing authorities

1.1.5.5. Life insurance corporations

1.1.5.6. Other insurance corporations

1.1.5.7. Self-managed superannuation funds

1.1.5.8. Other superannuation funds

1.1.5.9. Financial auxiliaries

1.1.5.9.1. of which: Clearing houses and central counterparties

1.1.5.10. Securitisers

1.1.5.11. Money-market investment funds

1.1.5.12. Non-money-market financial investment funds

1.1.5.13. Financial institutions n.e.c.

1.2. Non-resident deposits

1.2.1. of which: Clearing houses and central counterparties

\n```\n\nReporting Form ARF 720.2A\n\nABS/RBA Deposits (Standard)\n\nInstructions\n\nThese instructions assist completion of Reporting Form ARF 720.2A ABS/RBA Deposits (Standard) (ARF 720.2A). ARF 720.2A collects information relating to deposits.\n\nInformation reported in ARF 720.2A is required primarily for purposes of the ABS and the RBA. Items on ARF 720.2A are required for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. Information reported in ARF 720.2A may also be used by APRA for prudential and publication purposes.\n\nReporting level\n\nARF 720.2A must be completed by each ADI to which this Reporting Standard applies under paragraph 4 or 5.\n\nReporting basis and unit of measurement\n\nThese instructions specify the reporting basis and unit of measurement that applies to each item.\n\nItems on ARF 720.2A must be reported as at the end of the reporting period.\n\nFor reporting purposes, unless specified otherwise, enter data as a positive number.\n\nCounterparties\n\nExclude deposits by related parties (intra-group deposits). Detail on intra-group deposits is reported on Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3).\n\nData for residents and non-residents are collected separately. Note that this treatment differs from Reporting Form ARF 720.0A/B Statement of Financial Position (Standard) (ARF 720.0A), where deposits by non-residents are not separately identified.\n\nValues\n\nReport all items on the ARF 720.2A in accordance with Australian Accounting Standards unless otherwise specified.\n\nReport monetary amounts on ARF 720.2A in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).\n\nReport items on ARF 720.2A in whole dollars.\n\nStandard Business Reporting (SBR)\n\nReport items on ARF 720.2A with accounting type of credit (liabilities). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment of the item collected.\n\nSpecific instructions\n\nTerms highlighted in bold italics are defined in ARS 701.0.\n\nAll derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.\n\nExamples included under ‘Include’ and ‘Exclude’ must not be taken as an exhaustive list of items to be included or excluded.\n\n1. Total deposits\n\nItem 1 collects information on the value of deposits by counterparty of the depositor and type of deposit account.\n\n| Column 1 | Report the value of transaction deposit balances. |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Of the amount reported in column 1, report the value that is denominated in a foreign currency. |\n| Column 3 | Report the value of fixed-term deposit balances. |\n| Column 4 | Of the amount reported in column 3, report the value that is denominated in a foreign currency. |\n| Column 5 | Report the value of other non-transaction deposit balances. |\n| Column 6 | Of the amount reported in column 5, report the value that is denominated in a foreign currency. |\n| Column 7 | Report the value of total deposit balances.Column 7 is a derived column. Report the value of total deposits in column 7 as the sum of column 1, column 3, and column 5. |\n\n| Item 1 | Report total deposits.Item 1 is a derived item. Report the value of total deposits in item 1 as the sum of item 1.1 and item 1.2.For column 7, item 1 also equals the value of deposits reported in item 14 (column 1) on ARF 720.0A. |\n| -------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report deposits by residents.Item 1.1 is a derived item. Report the value of deposits in item 1.1 as the sum of items 1.1.1, 1.1.2, 1.1.3, 1.1.4 and 1.1.5. |\n| Item 1.1.1 | Report deposits by resident households. |\n| Item 1.1.1.1 | Of the amount reported in item 1.1.1, report the value of that is in offset accounts linked to housing loans. |\n| Item 1.1.1.2 | Of the amount reported in item 1.1.1, report the value in retirement savings accounts. |\n| Item 1.1.1.3 | Of the amount reported in item 1.1.1, report the value that is non-interest-bearing. |\n| Item 1.1.2 | Report deposits by resident community service organisations. |\n| Item 1.1.3 | Report deposits by resident non-financial businesses.Item 1.1.3 is a derived item. Report the value of deposits in item 1.1.3 as the sum of items 1.1.3.1 to 1.1.3.5 inclusive. |\n| Item 1.1.3.1 | Report deposits by resident private non-financial investment funds. |\n| Item 1.1.3.2 | Report deposits by resident other private non-financial corporations. |\n| Item 1.1.3.3 | Report deposits by resident private unincorporated businesses. |\n| Item 1.1.3.4 | Report deposits by resident state, territory and local government non-financial corporations. |\n| Item 1.1.3.5 | Report deposits by Commonwealth Government non-financial corporations. |\n| Item 1.1.4 | Report deposits by resident general government.Item 1.1.4 is a derived item. Report the value of deposits in item 1.1.4 as the sum of item 1.1.4.1 and item 1.1.4.2. |\n| Item 1.1.4.1 | Report deposits by resident state, territory and local general government. |\n| Item 1.1.4.2 | Report deposits by Commonwealth general government. |\n| Item 1.1.5 | Report deposits by resident financial institutions.Item 1.1.5 is a derived item. Report the value of deposits in item 1.1.5 as the sum of items 1.1.5.1 to 1.1.5.9 inclusive and items 1.1.5.10 to 1.1.5.13 inclusive. |\n| Item 1.1.5.1 | Report deposits by RBA. |\n| Item 1.1.5.2 | Report deposits by resident ADIs. |\n| Item 1.1.5.3 | Report deposits by resident registered financial corporations. |\n| Item 1.1.5.4 | Report deposits by resident central borrowing authorities. |\n| Item 1.1.5.5 | Report deposits by resident life insurance corporations. |\n| Item 1.1.5.6 | Report deposits by resident other insurance corporations. |\n| Item 1.1.5.7 | Report deposits by resident self-managed superannuation funds. |\n| Item 1.1.5.8 | Report deposits by resident other superannuation funds. |\n| Item 1.1.5.9 | Report deposits by resident financial auxiliaries. |\n| Item 1.1.5.9.1 | Of the amount reported in item 1.1.5.9, report the value of deposits by resident clearing houses and central counterparties. |\n| Item 1.1.5.10 | Report deposits by resident securitisers. |\n| Item 1.1.5.11 | Report deposits by resident money-market investment funds. |\n| Item 1.1.5.12 | Report deposits by resident non-money-market financial investment funds. |\n| Item 1.1.5.13 | Report deposits by resident financial institutions n.e.c. |\n| Item 1.2 | Report deposits by non-residents. |\n| Item 1.2.1 | Of the total reported in item 1.2, report the value of deposits by non-resident clearing houses and central counterparties. |\n\n| ARF_720_2B: ABS/RBA Deposits (Reduced) |\n| -------------------------------------- |\n\n| Australian Business Number | Institution Name |\n| -------------------------- | ---------------- |\n| | |\n| Reporting Period | Scale Factor |\n| Monthly | |\n| Reporting Consolidation | |\n| Domestic | |\n\n```html\n

Transaction

Non-transaction

Total

Fixed-term deposits

Other non-transaction deposits

Total deposits

(1)

(2)

(3)

(4)

  1. Total deposits

1.1. Resident deposits

1.1.1. Households

1.1.1.1. of which: Housing loan offset accounts

1.1.1.2. of which: Retirement savings accounts

1.1.1.3. of which: Non-interest-bearing

1.1.2. Community service organisations

1.1.3. Non-financial businesses

1.1.3.1. Private non-financial investment funds

1.1.3.2. Other private non-financial corporations

1.1.3.3. Private unincorporated businesses

1.1.3.4. State, territory and local government non-financial corporations

1.1.3.5. Commonwealth Government non-financial corporations

1.1.4. General government

1.1.4.1. State, territory and local general government

1.1.4.2. Commonwealth general government

1.1.5. Financial institutions

1.1.5.1. RBA

1.1.5.2. ADIs

1.1.5.3. Registered financial corporations

1.1.5.4. Central borrowing authorities

1.1.5.5. Life insurance corporations

1.1.5.6. Other insurance corporations

1.1.5.7. Self-managed superannuation funds

1.1.5.8. Other superannuation funds

1.1.5.9. Financial auxiliaries

1.1.5.10. Securitisers

1.1.5.11. Money-market investment funds

1.1.5.12. Non-money-market financial investment funds

1.1.5.13. Financial institutions n.e.c.

1.2. Non-resident deposits

\n```\n\nReporting Form 720.2B\n\nABS/RBA Deposits (Reduced)\n\nInstructions\n\nThese instructions assist completion of Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) (ARF 720.2B). ARF 720.2B collects information relating to deposits.\n\nInformation reported in ARF 720.2B is required primarily for purposes of the ABS and the RBA. Items on ARF 720.2B are required for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. Information reported in ARF 720.2B may also be used by APRA for prudential and publication purposes.\n\nReporting level\n\nARF 720.2B must be completed be completed by each ADI and RFC to which this Reporting Standard applies under paragraph 4 or 5.\n\nReporting basis and unit of measurement\n\nThese instructions specify the reporting basis and unit of measurement that applies to each item.\n\nItems on ARF 720.2B must be reported as at the end of the reporting period.\n\nFor reporting purposes, unless specified otherwise, data are to be entered as a positive number.\n\nCounterparties\n\nExclude deposits by related parties (intra-group deposits). Detail on intra-group deposits is reported on Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3).\n\nData for residents and non-residents are collected separately. Note that this treatment differs from Reporting Form ARF 720.0A/B Statement of Financial Position (Standard)/(Reduced) (ARF 720.0A/B), where deposits by non-residents are not separately identified.\n\nValues\n\nReport all items on the ARF 720.2B in accordance with Australian Accounting Standards unless otherwise specified.\n\nReport monetary amounts on ARF 720.2B in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121.\n\nItems on ARF 720.2B are to be reported in whole dollars for ADIs and RFCs.\n\nStandard Business Reporting (SBR)\n\nReport items on ARF 720.2B with accounting type of credit (liabilities). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment of the item collected.\n\nSpecific instructions\n\nTerms highlighted in bold italics are defined in ARS 701.0.\n\nAll derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.\n\nExamples included under ‘Include’ and ‘Exclude’ must not be taken as an exhaustive list of items to be included or excluded.\n\n1. Total deposits\n\nItem 1 collects information on the value of deposits by counterparty of the depositor and type of deposit account.\n\n| Column 1 | Report the value of transaction deposit balances. |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the value of fixed-term deposit balances. |\n| Column 3 | Report the value of other non-transaction deposit balances. |\n| Column 4 | Report the value of deposit balances.Column 4 is a derived column. Report the value of total deposits in column 4 as the sum of columns 1 to 3 inclusive. |\n\n| Item 1 | Report deposits.Item 1 is a derived item. Report the value of total deposits in item 1 as the sum of item 1.1 and item 1.2.For column 4, item 1 also equals the value of deposits reported in item 14 on ARF 720.0A/B. |\n| ------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report deposits by residents.Item 1.1 is a derived item. Report the value of deposits in item 1.1 as the sum of items 1.1.1, 1.1.2, 1.1.3, 1.1.4 and 1.1.5. |\n| Item 1.1.1 | Report deposits by resident households. |\n| Item 1.1.1.1 | Of the amount reported in item 1.1.1, report the value of offset accounts linked to housing loans. |\n| Item 1.1.1.2 | Of the amount reported in item 1.1.1, report the value of retirement savings accounts. |\n| Item 1.1.1.3 | Of the amount reported in item 1.1.1, report the value that is non-interest-bearing. |\n| Item 1.1.2 | Report deposits by resident community service organisations. |\n| Item 1.1.3 | Report deposits by resident non-financial businesses.Item 1.1.3 is a derived item. Report the value of deposits in item 1.1.3 as the sum of items 1.1.3.1 to 1.1.3.5 inclusive. |\n| Item 1.1.3.1 | Report deposits by resident private non-financial investment funds. |\n| Item 1.1.3.2 | Report deposits by resident other private non-financial corporations. |\n| Item 1.1.3.3 | Report deposits by resident private unincorporated businesses. |\n| Item 1.1.3.4 | Report deposits by resident state, territory and local government non-financial corporations. |\n| Item 1.1.3.5 | Report deposits by Commonwealth Government non-financial corporations. |\n| Item 1.1.4 | Report deposits by resident general government.Item 1.1.4 is a derived item. Report the value of deposits in item 1.1.4 as the sum of item 1.1.4.1 and item 1.1.4.2. |\n| Item 1.1.4.1 | Report deposits by resident state, territory and local general government. |\n| Item 1.1.4.2 | Report deposits by Commonwealth general government. |\n| Item 1.1.5 | Report deposits by resident financial institutions.Item 1.1.5 is a derived item. Report the value of deposits in item 1.1.5 as the sum of items 1.1.5.1 to 1.1.5.13 inclusive. |\n| Item 1.1.5.1 | Report deposits by RBA. |\n| Item 1.1.5.2 | Report deposits by resident ADIs. |\n| Item 1.1.5.3 | Report deposits by resident registered financial corporations. |\n| Item 1.1.5.4 | Report deposits by resident central borrowing authorities. |\n| Item 1.1.5.5 | Report deposits by resident life insurance corporations. |\n| Item 1.1.5.6 | Report deposits by resident other insurance corporations. |\n| Item 1.1.5.7 | Report deposits by resident self-managed superannuation funds. |\n| Item 1.1.5.8 | Report deposits by resident other superannuation funds. |\n| Item 1.1.5.9 | Report deposits by resident financial auxiliaries. |\n| Item 1.1.5.10 | Report deposits by resident securitisers. |\n| Item 1.1.5.11 | Report deposits by resident money-market investment funds. |\n| Item 1.1.5.12 | Report deposits by resident non-money-market financial investment funds. |\n| Item 1.1.5.13 | Report deposit by resident financial institutions n.e.c. |\n| Item 1.2 | Report deposits by non-residents. |\n\n---\n\n[\\[1\\]](#_ftnref1) APRA may exempt an ADI from providing information under this Reporting Standard on the condition that it provides other information required by this Reporting Standard. APRA may exercise this discretion to ensure the information collected continues to accord with the Purpose.\n\nFor example, APRA may exempt an ADI, under paragraph 16(1)(b) of the Financial Sector (Collection of Data) Act 2001, from the requirement to provide information under ARF 720.2A, on the condition it provides information under ARF 720.2B.","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":true,"description":"The instrument expressly revokes Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2019 and replaces Reporting Standard ARS 720.2 with the version set out in the Schedule, establishing who must report, which form applies, reporting frequency, submission method and quality controls (paras 4–6, 8–15). The text itself does not provide a clause‑by‑clause comparison with the 2019 instrument, only the formal replacement and the new operational terms."},"complexity_factors":["Two reporting templates (ARF 720.2A standard and ARF 720.2B reduced) with different eligibility thresholds (para 4).","Tiered reporting frequency and deadlines: monthly or annual reporting depending on institution type and asset size; 10 business day lodgement deadline (paras 9–10).","Detailed counterparty and product breakdowns in the forms (many nested line items and derived fields) increasing mapping and reconciliation work (Schedule: ARF 720.2A/B instructions, Item 1).","Mandatory external auditor review of systems, processes and controls referencing Prudential Standard APS 310 or Reporting Standard RRS 710.0 (para 13) — creates recurring audit workload.","Electronic submission and digital identity signing requirement (D2A or APRA‑notified method) imposes IT/process change and authentication controls (paras 8, 15).","Currency conversion and accounting standards obligations (report in AUD or AUD equivalent; follow AASB 121) add valuation complexity (Values sections of instructions).","APRA discretion to vary thresholds or reporting frequency, or to grant exemptions/conditions for alternative reporting, introduces regulatory uncertainty and administrative variance (paras 5, 11 and footnote [1]).","Reconciliation requirements: some items are derived and must tie to other APRA returns (e.g. ARF 720.0) so reporting requires cross‑form consistency (ARF instructions, Item 1 notes)."],"plain_english_summary":"Mechanically, this instrument revokes the 2019 determination and re‑issues Reporting Standard ARS 720.2, requiring authorised deposit‑taking institutions (ADIs) and registered financial corporations (RFCs) that meet specified asset thresholds to submit detailed deposit breakdowns via a full (ARF 720.2A) or reduced (ARF 720.2B) form. The ABS and RBA use the data for national accounts and monetary aggregates and APRA may use it for prudential or publication purposes. Affected firms must report electronically, meet auditor review and internal‑control requirements, and digitally sign submissions."},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"_metrics":{"provider":"moonshot","completionTokens":2333},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"This instrument replaces Determination No. 4 of 2019 with an updated version of the same reporting standard (ARS 720.2). It maintains the original purpose of collecting deposits data for the ABS and RBA. While it updates the specific requirements and forms, it has not expanded beyond the original legislative intent of the Financial Sector (Collection of Data) Act 2001 to collect economic and financial statistics."},"complexity_factors":["Dual-form structure requiring entities to determine if they use ARF 720.2A (Standard) or ARF 720.2B (Reduced) based on asset thresholds ($200m for ADIs, $50m/$400m for RFCs)","Extensive cross-referencing to other instruments (ARS 701.0, ARF 720.0A/B, ARF 323.0, APS 310, RRS 710.0, AASB 121)","Granular counterparty classification system with 20+ distinct categories (e.g., separating 'private non-financial investment funds' from 'other private non-financial corporations' and 'private unincorporated businesses')","Nested derivation logic where shaded 'derived fields' must be calculated as sums of other fields (e.g., Total deposits = Transaction + Fixed-term + Other non-transaction)","Discretionary provisions allowing APRA to modify thresholds, reporting periods, or due dates for individual entities via written notice (paragraphs 5, 11, 12)","Conditional applicability based on entity classification (ADI Reporting Category A vs B) with different rules for each","Foreign exchange conversion requirements tied to Australian Accounting Standards (AASB 121)","Audit and quality control requirements that reference external standards (Auditing and Assurance Standards Board guidance)"],"plain_english_summary":"This reporting standard tells ADIs (banks) and registered financial corporations what deposit data to collect and submit to APRA — who owns deposits, deposit types, and currency — using a detailed Standard form for large/medium institutions and a Reduced form for smaller ones. \n\nReports are generally monthly, submitted electronically to APRA and subject to internal and external checks. The data feed ABS and RBA statistics (including GDP and money supply), so accurate reporting affects national economic measures."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-27-of-2021/documents"}}