{"id":"F2021L01110","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 31 of 2021","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":102026,"registerId":"commonwealth-F2021L01110-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. 31 of 2021","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 31 of 2021\n\nReporting Standard ARS 720.6 ABS/RBA Securities on Issue\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. 8 of 2019, including Reporting Standard ARS 720.6 ABS/RBA Securities on Issue made under that Determination; and\n\n(b) determine Reporting Standard ARS 720.6 ABS/RBA Securities on Issue, 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 720.6 ABS/RBA Securities on Issue comprises the document commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard ARS 720.6\n\nABS/RBA Securities on Issue\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 securities on issue.\n\nIt includes Reporting Form ARF 720.6 ABS/RBA Securities on Issue 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 720.6 ABS/RBA Securities on Issue (ARF 720.6) is used by the ABS and RBA for various purposes, including the compilation of Australia’s National Accounts. 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, where ‘total assets’ are measured by the value reported in item 13 (column 1) on Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A).\n\n| Class of financial institution | Applicable |\n| ------------------------------ | --------------------------- |\n| ADI Reporting Category A | No |\n| ADI Reporting Category B | Yes |\n| RFCs | Yes if total assets ≥ $500m |\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; and\n\n(b) in respect of each quarter ended 31 March, 30 June, 30 September and 31 December by an RFC.\n\n10. The information required by this Reporting Standard must be provided to APRA within:\n\n(a) 10 business days after the end of the reporting period to which the information relates for ADIs; and\n\n(b) 28 calendar days after the end of the reporting period to which the information relates for RFCs.[\\[1\\]](#_ftn1)\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 701.0 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 or 28 calendar 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 or a quarter ended 31 March, 30 June, 30 September or 31 December 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_6: ABS/RBA Securities on Issue |\n| -------------------------------------- |\n\n| Australian Business Number | Institution Name |\n| -------------------------- | ---------------- |\n| | |\n| Reporting Period | Scale Factor |\n| Monthly/quarterly | |\n| Reporting Consolidation | |\n| Domestic | |\n\n| | | | AUD | FX (AUD equivalent) |\n| ---------------------------------------------------- | --- | -------------------------------------- | ------------------- | -------------------------------------- |\n| | | | (1) | (2) |\n| 1 Total short-term debt securities excluding hybrids | | | | |\n| 1.1 Issued in Australia | | | | |\n| 1.1.1 of which: Bills of exchange | | | | |\n| 1.1.2 of which: Negotiable certificates of deposit | | | | |\n| 1.2 Issued overseas | | | | |\n| 1.2.1 of which: Bills of exchange | | | | |\n| 1.2.2 of which: Negotiable certificates of deposit | | | | |\n| | | | | |\n| | AUD | of which: Matures in 12 months or less | FX (AUD equivalent) | of which: Matures in 12 months or less |\n| | (1) | (2) | (3) | (4) |\n| 2 Total long-term debt securities excluding hybrids | | | | |\n| 2.1 Issued in Australia | | | | |\n| 2.1.1 of which: Covered bonds | | | | |\n| 2.1.2 of which: Negotiable certificates of deposit | | | | |\n| 2.2 Issued overseas | | | | |\n| 2.2.1 of which: Covered bonds | | | | |\n| 2.2.2 of which: Negotiable certificates of deposit | | | | |\n| | | | | |\n| 3 Total hybrid securities treated as liabilities | | | | |\n| | | | | |\n| | | | | Total |\n| | | | | (1) |\n| 4 Total ASX-listed equity securities | | | | |\n| 4.1 of which: Preference shares | | | | |\n\nReporting Form ARF 720.6\n\nABS/RBA Securities on Issue\n\nInstructions\n\nThese instructions assist completion of Reporting Form ARF 720.6 ABS/RBA Securities on Issue (ARF 720.6). ARF 720.6 collects information securities issued by ADIs and registered financial corporations (RFCs).\n\nInformation reported in ARF 720.6 is required primarily for purposes of the ABS and the RBA. Items on ARF 720.6 are required for various purposes, including the compilation of Australia’s National Accounts. Information reported in ARF 720.6 may also be used by APRA for prudential and publication purposes.\n\nReporting level\n\nARF 720.6 must be completed for each ADI and RFC to which this Reporting Standard applies under paragraphs 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 720.6 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\nPlace of issuance\n\nReferences to \"issued in Australia\" are references to the domicile of the instruments used to raise funds in the domestic market. These instruments can be denominated in either AUD or some foreign currency such as USD.\n\nReferences to \"issued overseas\" are references to the domicile of the instruments used to raise funds in countries other than Australia. These instruments can be denominated in either AUD or some foreign currency such as USD.\n\nThe domicile of the security issued is distinct from the domicile of the security issuer or holder.\n\nValues\n\nClosing balances should be reported at market prices effective at the reference date. Where denominated in foreign currency, convert market values in foreign currency to AUD at the spot rate effective as at the reference date. This valuation approach for securities on the ARF 720.6 may differ from the Australian Accounting Standards and Reporting Form ARF 720.0A ABS/RBA Financial Position (Standard) (ARF 720.0A) depending on the classification of these instruments in your institution’s statutory accounts.\n\nReport items on ARF 720.6 as whole dollars.\n\nStandard Business Reporting (SBR)\n\nReport items on ARF 720.6 with accounting type of credit (liabilities/equity). 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 short-term debt securities excluding hybrids\n\nItem 1 collects information on the value of short-term debt securities excluding hybrids issued by the ADI or RFC.\n\nShort-term debt securities excluding hybrids are all debt securities excluding hybrids issued by the ADI or RFC with an original maturity of less than or equal to than 12 months.\n\nExclude:\n\n hybrid securities treated as liabilities. Report these under item 3; and\n non-negotiable certificates of deposit.\n\n| Column 1 | Report the market value of securities denominated in AUD. |\n| -------- | ---------------------------------------------------------------------- |\n| Column 2 | Report the market value of securities denominated in foreign currency. |\n\n| Item 1 | Report short-term debt securities excluding hybrids issued.Item 1 is a derived item. Report the value of total short-term debt securities excluding hybrids issued in item 1 as the sum of item 1.1 and item 1.2. |\n| ---------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report short-term debt securities excluding hybrids issued in Australia. |\n| Item 1.1.1 | Of the amount reported in item 1.1, report the value that is bills of exchange. |\n| Item 1.1.2 | Of the amount reported in item 1.1, report the value that is negotiable certificates of deposit. |\n| Item 1.2 | Report short-term debt securities excluding hybrids issued overseas. |\n| Item 1.2.1 | Of the amount reported in item 1.2, report the value that is bills of exchange. |\n| Item 1.2.2 | Of the amount reported in item 1.2, report the value that is negotiable certificates of deposit. |\n\n2. Total long-term debt securities excluding hybrids\n\nItem 2 collects information on the value of long\\-term debt securities excluding hybrids issued by the ADI or RFC.\n\nLong\\-term debt securities excluding hybrids are all debt securities excluding hybrids issued by the ADI or RFC with an original maturity of greater than 12 months.\n\nExclude:\n\n hybrid securities treated as liabilities. Report these under item 3; and\n non-negotiable certificates of deposit.\n\n| Column 1 | Report the market value of securities denominated in AUD. |\n| -------- | ------------------------------------------------------------------------------------------------------- |\n| Column 2 | Of the amount reported in column 1, report the value that has a residual maturity of 12 months or less. |\n| Column 3 | Report the market value of securities denominated in foreign currency. |\n| Column 4 | Of the amount reported in column 3, report the value that has a residual maturity of 12 months or less. |\n\n| Item 2 | Report long-term debt securities excluding hybrids issued.Item 2 is a derived item. Report the value of total long-term debt securities excluding hybrids issued in item 2 as the sum of item 2.1 and item 2.2. |\n| ---------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 2.1 | Report long-term debt securities excluding hybrids issued in Australia. |\n| Item 2.1.1 | Of the amount reported in item 2.1, report the value that is covered bonds. |\n| Item 2.1.2 | Of the amount reported in item 2.1, report the value that is negotiable certificates of deposit. |\n| Item 2.2 | Report long-term debt securities excluding hybrids issued overseas. |\n| Item 2.2.1 | Of the amount reported in item 2.2, report the value that is covered bonds. |\n| Item 2.2.2 | Of the amount reported in item 2.2, report the value that is negotiable certificates of deposit. |\n\n3. Total hybrid securities treated as liabilities\n\nItem 3 collects information on the value of hybrid securities treated as liabilities under Australian Accounting Standards (i.e. hybrid securities classified as debt securities) issued by the ADI or RFC.\n\n| Column 1 | Report the market value of securities denominated in AUD. |\n| -------- | ------------------------------------------------------------------------------------------------------- |\n| Column 2 | Of the amount reported in column 1, report the value that has a residual maturity of 12 months or less. |\n| Column 3 | Report the market value of securities denominated in foreign currency. |\n| Column 4 | Of the amount reported in column 3, report the value that has a residual maturity of 12 months or less. |\n\n| Item 3 | Report hybrid securities treated as liabilities issued. |\n| ------ | ------------------------------------------------------- |\n\n4. Total ASX-listed equity securities\n\nItem 4 collects information on the value of equity securities issued by the ADI or RFC that are listed on the Australia Stock Exchange (ASX).\n\nExclude hybrid securities treated as liabilities under Australian Accounting Standards (i.e. hybrid securities classified as debt securities). Report these under item 3.\n\n| Column 1 | Report the market value. |\n| -------- | ------------------------ |\n\n| Item 4 | Report equity securities issued that are listed on the Australian Stock Exchange (ASX). |\n| -------- | --------------------------------------------------------------------------------------- |\n| Item 4.1 | Of the amount reported in item 4, report the value of preference shares. |\n\n---\n\n[\\[1\\]](#_ftnref1) To avoid doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an RFC is nonetheless required to submit the information required no later than the due date.","sortOrder":0}],"analysis":{"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":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"This determination maintains the same scope as its predecessor (Determination No. 8 of 2019). It continues to target the same class of institutions (Category B ADIs and larger RFCs) for the same purpose (ABS/RBA statistical collection on securities issuance). The 2021 version appears to be a technical update or reissue rather than an expansion of scope."},"complexity_factors":["Moderate cross-referencing: references ARS 701.0 (definitions), ARF 720.0A (asset thresholds), APS 310 (audit standards for banks), and RRS 710.0 (audit standards for RFCs)","Conditional application logic: different reporting frequencies (monthly vs quarterly), different due dates (10 business days vs 28 calendar days), and asset thresholds ($500m) that determine who must report","APRA discretion clauses: paragraphs 5, 11, and 12 allow APRA to modify thresholds, reporting frequencies, and due dates for individual institutions","Dual valuation methodology: requires market value reporting which may differ from accounting standards used in statutory accounts","18 defined or referenced terms including 'domestic books consolidation', 'hybrid securities', 'residual maturity', and 'original maturity'","Nested categorisation in the form: securities split by short-term/long-term, domestic/overseas issuance, currency (AUD/foreign), and instrument type (bills of exchange, negotiable CDs, covered bonds)"],"plain_english_summary":"APRA’s reporting standard requires certain mid‑sized banks (ADI Reporting Category B), RFCs with ≥$500m assets, and any institution APRA designates to submit ARF 720.6 on issued securities (short‑ and long‑term debt, hybrids, listed equity). \n\nReports use market values, must be digitally signed and auditor‑checked annually, and are due electronically within 10 business days (ADIs) or 28 calendar days (RFCs). Data feeds the ABS/RBA for national accounts and supports APRA supervision and public reporting."},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The instrument revokes the prior determination and re‑issues ARS 720.6, but the reporting population and principal data themes (securities on issue by type, currency and maturity) remain the same as the standard it replaces. APRA retains discretion to vary thresholds or frequency for individual institutions (paras 5 and 11), so while form and instructions are updated, the core scope of data collection is preserved."},"complexity_factors":["Multiple reporting populations and thresholds (ADI Category B; RFCs if total assets ≥ $500m) and APRA discretion to vary thresholds (para 4–5)","Different reporting frequencies and due dates for ADIs (monthly, 10 business days) and RFCs (quarterly, 28 calendar days) (paras 9–10)","Granular data breakdowns by instrument type, domicile of issuance (Australia/overseas), currency, and residual maturity (items 1–4 and detailed columns)","Valuation rules requiring market prices and FX conversion at spot rates, which may diverge from statutory accounting balances (Values instructions)","Quality control and external auditor review requirements linking to other prudential/audit standards (APS 310 and RRS 710.0) (para 13)","Technical submission and authorisation requirements (Direct to APRA/D2A or notified web solution; digital certificate) (paras 8 and 15)","Derived fields and SBR/accounting-type conventions that require mapping from institutions’ systems to the form","APRA’s power to change reporting periods or require different frequency for particular institutions (para 11) creates implementation uncertainty"],"plain_english_summary":"This instrument revokes the 2019 determination and re‑issues Reporting Standard ARS 720.6, which requires certain authorised deposit‑taking institutions (ADI Category B) and registered financial corporations (RFCs with ≥ $500m assets) to report securities on issue to APRA on a monthly (ADIs) or quarterly (RFCs) basis. The data — submitted electronically via APRA’s system, audited and valuated at market prices — is supplied to the ABS and RBA for national accounts and may be used by APRA for prudential and publication purposes."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-31-of-2021/documents"}}