{"id":"F2018L01195","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 41 of 2018","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":97869,"registerId":"commonwealth-F2018L01195-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard ARS 221.0","sectionType":"part","heading":"Reporting Standard ARS 221.0","content":"## ![](image.002.png)  \n\n## Reporting Standard ARS 221.0\n\n# Large Exposures\n\n### Objective of this reporting standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s large exposures.\n\nIt includes Reporting Form ARF 221.0 Large Exposures and Reporting Form ARF 221.1 Large Exposures – Foreign ADI and associated specific instructions and must be read in conjunction with Prudential Standard APS 221 Large Exposures.\n\n# Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n# Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).\n\n# Application\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) with the exception of providers of purchased payment facilities (PPFs). This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 6).\n\n# Commencement\n\n4. This Reporting Standard applies to reporting periods ending on or after 1 January 2019.\n\n# Information required\n\n5. A locally incorporated ADI to which this Reporting Standard applies must provide APRA with the information required by the version of Reporting Form ARF 221.0 Large Exposures (ARF 221.0) designated for an ADI on a Level 1 basis for each reporting period.\n\n6. If a locally incorporated ADI, to which this Reporting Standard applies, is part of a Level 2 group, the ADI must also provide APRA with the information required by the version of ARF 221.0 designated for an ADI at Level 2 for each reporting period unless the ADI is a subsidiary of an authorised NOHC. If the ADI is a subsidiary of an authorised NOHC, the ADI’s immediate parent NOHC must provide APRA with the information required by that form for each reporting period. In doing so, the immediate parent NOHC must comply with this Reporting Standard (other than paragraph 5) as if it were the relevant ADI.\n\n7. A foreign ADI to which this Reporting Standard applies must provide APRA with the information required by Reporting Form ARF 221.1 Large Exposures – Foreign ADI (ARF 221.1) for each reporting period.\n\n# Form and method 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 notified by APRA prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\n# Reporting periods and due dates\n\n9. Subject to paragraph 11 of this Reporting Standard, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n10. Subject to paragraph 12 of this Reporting Standard, 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\n11. APRA may 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 RBA and the ABS.\n\n12. APRA may grant an ADI an extension of a due date in which case the new date will be the date specified in 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\n# Quality control\n\n13. All information provided by an ADI 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 as set out in Prudential Standard APS 310 Audit and Related Matters. 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 necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.\n\n14. All information provided by an ADI under this Reporting Standard must be subject to systems, 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\n# Authorisation\n\n15. When an officer of an ADI submits information under this Reporting Standard using the D2A software, or other method notified by APRA, the officer must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n# Minor alterations to forms and instructions\n\n16. 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 the application to the form,\n\n> without changing any substantive requirement in the form or instructions.\n\n17. If APRA makes such a variation it must notify each ADI that is required to report under this Reporting Standard.\n\n# Transition\n\n18. An ADI must report under the old Reporting Standard in respect of a transitional reporting period. For these purposes:\n\nold Reporting Standard means the Reporting Standard revoked by the determination that makes this Reporting Standard (being the Reporting Standard which this Reporting Standard replaces), as in force immediately before the commencement of this Reporting Standard.\n\ntransitional reporting period means a reporting period under the old Reporting Standard:\n\n> (a) that ended on or before 31 December 2018; and\n\n> (b) in relation to which the ADI was required, under the old Reporting Standard, to report by a date on or after the date of revocation of the old Reporting Standard.\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\n# Interpretation\n\n19. In this Reporting Standard:\n\nAASB has the meaning given in section 9 of the Corporations Act 2001.\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\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\ndue date means the relevant due date under paragraph 10 or, if applicable, paragraph 12 of this Reporting Standard.\n\nforeign ADI has the meaning given in section 5 of the Banking Act 1959.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised\n\nNOHC, that is an immediate parent NOHC within the meaning of Prudential Standard\n\nAPS 001 Definitions (APS 001).\n\nLevel 1 has the meaning given in APS 001.\n\nLevel 2 has the meaning given in APS 001.\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\nprovider of purchased payment facilities means an ADI that is subject to a condition on its authority under section 9 of the Banking Act 1959 confining the banking business that the ADI is authorised to carry on to providing purchased payment facilities.\n\nreporting period means a period mentioned in paragraph 9 or, if applicable, paragraph 11 of this Reporting Standard.\n\nsubsidiary has the meaning given in the Corporations Act 2001.\n\n20. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard or Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n21. 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},{"sectionNumber":"Large Exposures","sectionType":"part","heading":"Large Exposures","content":"# Large Exposures\n\n### Objective of this reporting standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s large exposures.\n\nIt includes Reporting Form ARF 221.0 Large Exposures and Reporting Form ARF 221.1 Large Exposures – Foreign ADI and associated specific instructions and must be read in conjunction with Prudential Standard APS 221 Large Exposures.\n\n# Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n# Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).\n\n# Application\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) with the exception of providers of purchased payment facilities (PPFs). This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 6).\n\n# Commencement\n\n4. This Reporting Standard applies to reporting periods ending on or after 1 January 2019.\n\n# Information required\n\n5. A locally incorporated ADI to which this Reporting Standard applies must provide APRA with the information required by the version of Reporting Form ARF 221.0 Large Exposures (ARF 221.0) designated for an ADI on a Level 1 basis for each reporting period.\n\n6. If a locally incorporated ADI, to which this Reporting Standard applies, is part of a Level 2 group, the ADI must also provide APRA with the information required by the version of ARF 221.0 designated for an ADI at Level 2 for each reporting period unless the ADI is a subsidiary of an authorised NOHC. If the ADI is a subsidiary of an authorised NOHC, the ADI’s immediate parent NOHC must provide APRA with the information required by that form for each reporting period. In doing so, the immediate parent NOHC must comply with this Reporting Standard (other than paragraph 5) as if it were the relevant ADI.\n\n7. A foreign ADI to which this Reporting Standard applies must provide APRA with the information required by Reporting Form ARF 221.1 Large Exposures – Foreign ADI (ARF 221.1) for each reporting period.\n\n# Form and method 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 notified by APRA prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.\n\n# Reporting periods and due dates\n\n9. Subject to paragraph 11 of this Reporting Standard, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n10. Subject to paragraph 12 of this Reporting Standard, 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\n11. APRA may 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 RBA and the ABS.\n\n12. APRA may grant an ADI an extension of a due date in which case the new date will be the date specified in 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\n# Quality control\n\n13. All information provided by an ADI 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 as set out in Prudential Standard APS 310 Audit and Related Matters. 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 necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.\n\n14. All information provided by an ADI under this Reporting Standard must be subject to systems, 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\n# Authorisation\n\n15. When an officer of an ADI submits information under this Reporting Standard using the D2A software, or other method notified by APRA, the officer must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n# Minor alterations to forms and instructions\n\n16. 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 the application to the form,\n\n> without changing any substantive requirement in the form or instructions.\n\n17. If APRA makes such a variation it must notify each ADI that is required to report under this Reporting Standard.\n\n# Transition\n\n18. An ADI must report under the old Reporting Standard in respect of a transitional reporting period. For these purposes:\n\nold Reporting Standard means the Reporting Standard revoked by the determination that makes this Reporting Standard (being the Reporting Standard which this Reporting Standard replaces), as in force immediately before the commencement of this Reporting Standard.\n\ntransitional reporting period means a reporting period under the old Reporting Standard:\n\n> (a) that ended on or before 31 December 2018; and\n\n> (b) in relation to which the ADI was required, under the old Reporting Standard, to report by a date on or after the date of revocation of the old Reporting Standard.\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\n# Interpretation\n\n19. In this Reporting Standard:\n\nAASB has the meaning given in section 9 of the Corporations Act 2001.\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\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\ndue date means the relevant due date under paragraph 10 or, if applicable, paragraph 12 of this Reporting Standard.\n\nforeign ADI has the meaning given in section 5 of the Banking Act 1959.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised\n\nNOHC, that is an immediate parent NOHC within the meaning of Prudential Standard\n\nAPS 001 Definitions (APS 001).\n\nLevel 1 has the meaning given in APS 001.\n\nLevel 2 has the meaning given in APS 001.\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\nprovider of purchased payment facilities means an ADI that is subject to a condition on its authority under section 9 of the Banking Act 1959 confining the banking business that the ADI is authorised to carry on to providing purchased payment facilities.\n\nreporting period means a period mentioned in paragraph 9 or, if applicable, paragraph 11 of this Reporting Standard.\n\nsubsidiary has the meaning given in the Corporations Act 2001.\n\n20. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard or Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n21. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":1},{"sectionNumber":"Objective of this reporting standard","sectionType":"division","heading":"Objective of this reporting standard","content":"### Objective of this reporting standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s large exposures.\n\nIt includes Reporting Form ARF 221.0 Large Exposures and Reporting Form ARF 221.1 Large Exposures – Foreign ADI and associated specific instructions and must be read in conjunction with Prudential Standard APS 221 Large Exposures.","sortOrder":2},{"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.","sortOrder":3},{"sectionNumber":"Purpose","sectionType":"part","heading":"Purpose","content":"# Purpose\n\n2. Information collected under this Reporting Standard is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).","sortOrder":4},{"sectionNumber":"Application","sectionType":"part","heading":"Application","content":"# Application\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) with the exception of providers of purchased payment facilities (PPFs). This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 6).","sortOrder":5},{"sectionNumber":"Commencement","sectionType":"part","heading":"Commencement","content":"# Commencement\n\n4. This Reporting Standard applies to reporting periods ending on or after 1 January 2019.","sortOrder":6},{"sectionNumber":"Information required","sectionType":"part","heading":"Information required","content":"# Information required\n\n5. A locally incorporated ADI to which this Reporting Standard applies must provide APRA with the information required by the version of Reporting Form ARF 221.0 Large Exposures (ARF 221.0) designated for an ADI on a Level 1 basis for each reporting period.\n\n6. If a locally incorporated ADI, to which this Reporting Standard applies, is part of a Level 2 group, the ADI must also provide APRA with the information required by the version of ARF 221.0 designated for an ADI at Level 2 for each reporting period unless the ADI is a subsidiary of an authorised NOHC. If the ADI is a subsidiary of an authorised NOHC, the ADI’s immediate parent NOHC must provide APRA with the information required by that form for each reporting period. In doing so, the immediate parent NOHC must comply with this Reporting Standard (other than paragraph 5) as if it were the relevant ADI.\n\n7. A foreign ADI to which this Reporting Standard applies must provide APRA with the information required by Reporting Form ARF 221.1 Large Exposures – Foreign ADI (ARF 221.1) for each reporting period.","sortOrder":7},{"sectionNumber":"Form and method of submission","sectionType":"part","heading":"Form and method of submission","content":"# Form and method 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 notified by APRA prior to submission.\n\nNote: the ‘Direct to APRA’ application software (also known as ‘D2A’) may be obtained from APRA.","sortOrder":8},{"sectionNumber":"Reporting periods and due dates","sectionType":"part","heading":"Reporting periods and due dates","content":"# Reporting periods and due dates\n\n9. Subject to paragraph 11 of this Reporting Standard, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n10. Subject to paragraph 12 of this Reporting Standard, 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\n11. APRA may 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 RBA and the ABS.\n\n12. APRA may grant an ADI an extension of a due date in which case the new date will be the date specified in 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.","sortOrder":9},{"sectionNumber":"Quality control","sectionType":"part","heading":"Quality control","content":"# Quality control\n\n13. All information provided by an ADI 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 as set out in Prudential Standard APS 310 Audit and Related Matters. 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 necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.\n\n14. All information provided by an ADI under this Reporting Standard must be subject to systems, 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.","sortOrder":10},{"sectionNumber":"Authorisation","sectionType":"part","heading":"Authorisation","content":"# Authorisation\n\n15. When an officer of an ADI submits information under this Reporting Standard using the D2A software, or other method notified by APRA, the officer must digitally sign the relevant information using a digital certificate acceptable to APRA.","sortOrder":11},{"sectionNumber":"Minor alterations to forms and instructi","sectionType":"part","heading":"Minor alterations to forms and instructions","content":"# Minor alterations to forms and instructions\n\n16. 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 the application to the form,\n\n> without changing any substantive requirement in the form or instructions.\n\n17. If APRA makes such a variation it must notify each ADI that is required to report under this Reporting Standard.","sortOrder":12},{"sectionNumber":"Transition","sectionType":"part","heading":"Transition","content":"# Transition\n\n18. An ADI must report under the old Reporting Standard in respect of a transitional reporting period. For these purposes:\n\nold Reporting Standard means the Reporting Standard revoked by the determination that makes this Reporting Standard (being the Reporting Standard which this Reporting Standard replaces), as in force immediately before the commencement of this Reporting Standard.\n\ntransitional reporting period means a reporting period under the old Reporting Standard:\n\n> (a) that ended on or before 31 December 2018; and\n\n> (b) in relation to which the ADI was required, under the old Reporting Standard, to report by a date on or after the date of revocation of the old Reporting Standard.\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.","sortOrder":13},{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"# Interpretation\n\n19. In this Reporting Standard:\n\nAASB has the meaning given in section 9 of the Corporations Act 2001.\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\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\ndue date means the relevant due date under paragraph 10 or, if applicable, paragraph 12 of this Reporting Standard.\n\nforeign ADI has the meaning given in section 5 of the Banking Act 1959.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised\n\nNOHC, that is an immediate parent NOHC within the meaning of Prudential Standard\n\nAPS 001 Definitions (APS 001).\n\nLevel 1 has the meaning given in APS 001.\n\nLevel 2 has the meaning given in APS 001.\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\nprovider of purchased payment facilities means an ADI that is subject to a condition on its authority under section 9 of the Banking Act 1959 confining the banking business that the ADI is authorised to carry on to providing purchased payment facilities.\n\nreporting period means a period mentioned in paragraph 9 or, if applicable, paragraph 11 of this Reporting Standard.\n\nsubsidiary has the meaning given in the Corporations Act 2001.\n\n20. Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard or Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.\n\n21. Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.","sortOrder":14},{"sectionNumber":"Reporting Form ARF 221.0","sectionType":"part","heading":"Reporting Form ARF 221.0","content":"# Reporting Form ARF 221.0\n\nLarge Exposures","sortOrder":15},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of Reporting Form ARF 221.0 (ARF 221.0). This form collects information on an authorised deposit-taking institution’s (ADI’s) large exposures to an individual counterparty or a group of connected counterparties.\n\nIn completing this form, ADIs must refer to Prudential Standard APS 221 Large Exposures (APS 221).\n\nNote: Do not include an ADI’s exposures to related entities (defined in accordance with Prudential Standard APS 222 Associations with Related Entities (APS 222)) in this form. Such exposures are to be reported in ARF 222.0 Exposures to Related Entities.\n\nGeneral directions and notes","sortOrder":16},{"sectionNumber":"Reporting entity","sectionType":"part","heading":"Reporting entity","content":"## Reporting entity\n\nARF 221.0 must be completed on a Level 1 and Level 2 basis by all ADIs, with the exception of:[\\[1\\]](#_ftn1)\n\n(a) foreign ADIs; and\n\n(b) providers of purchased payment facilities.\n\nIf an ADI is a subsidiary of an authorised non-operating holding company (NOHC), the information required at Level 2 is to be provided by the ADI’s immediate parent NOHC.\n\nSecuritisation deconsolidation principle\n\n1.  Where an ADI (or a member of its Level 2 consolidated group) participates in a securitisation that meets APRA’s operational requirements for regulatory capital relief under Prudential Standard APS 120 Securitisation (APS 120):\n\n(a) special purpose vehicles (SPVs) holding securitised assets may be treated as non-consolidated independent third parties for regulatory reporting purposes, irrespective of whether the SPVs (or their assets) are consolidated for accounting purposes; and\n\n(b) the assets, liabilities, revenues and expenses of the relevant SPVs may be excluded from the ADI’s reported amounts in APRA’s regulatory reporting returns.\n\n2. Where an ADI (or a member of its Level 2 consolidated group) participates in a securitisation that does not meet APRA’s operational requirements for regulatory capital relief under APS 120, or the ADI undertakes a funding-only securitisation or synthetic securitisation, such assets are to be reported as on-balance sheet in APRA’s regulatory reporting returns.","sortOrder":17},{"sectionNumber":"Reporting period","sectionType":"part","heading":"Reporting period","content":"## Reporting period\n\nThis form is to be completed as at the last calendar day of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.","sortOrder":18},{"sectionNumber":"Unit of measurement","sectionType":"part","heading":"Unit of measurement","content":"## Unit of measurement\n\nThis form should be completed in Australian dollars (AUD) in accordance with the units set out for each class of ADI in the following table.\n\n| Class of ADI            | Units                                            |\n| ----------------------- | ------------------------------------------------ |\n| Australian-owned Bank   | Millions of dollars rounded to one decimal place |\n| Foreign Subsidiary Bank | Millions of dollars rounded to one decimal place |\n| Foreign ADI             | Not applicable                                   |\n| Building Society        | Whole dollars with no decimal place              |\n| Credit Union            | Whole dollars with no decimal place              |\n| PPF provider            | Not applicable                                   |\n| Other ADI               | Whole dollars with no decimal place              |\n\nAmounts denominated in foreign currency are to be converted to AUD in accordance with Accounting Standard AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).\n\n## Basis of preparation\n\nFor the purposes of this form, ADIs are to report all exposures including both the effect of CRM techniques as well as on the basis of excluding the effect of CRM techniques allowed under APS 221.\n\nIn completing this form, ADIs are to apply the requirements for netting specified in Attachment A of APS 221.\n\n## Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions.\n\nConnection means the relationship between two counterparties in a group of connected counterparties. Until 31 December 2019, a connection can be any of the following:\n\n    cross guarantees;\n    common ownership or management;\n    control;\n    financial interdependency; or\n    other connections or relationships.\n\nOn and from 1 January 2020, a connection can be any of the following:\n\n    a control relationship;\n    an economic interdependence relationship;\n    both control and economic interdependence;\n    other connections or relationships; or\n    a third party additional risk factor.\n\nOn and from 1 January 2020, a control relationship has the meaning given by paragraphs 22 to 24 of APS 221.\n\nCounterparty means either the individual counterparty or a group of connected counterparties to an exposure.[\\[2\\]](#_ftn2) In the case of a group of connected counterparties, the ADI’s aggregate exposure to the group of connected counterparties is considered one exposure.\n\nCounterparty country means the country where the counterparty of the exposure is domiciled. ADIs are to report the English name of the relevant country as assigned by the ISO 3166 Maintenance Agency to a country code defined under the International Organization for Standardization’s International Standard ISO 3166. The ISO 3166 Maintenance Agency maintains a free online browsing platform setting out the names of countries and their corresponding codes, available at [http://www.iso.org/iso/country\\_codes](http://www.iso.org/iso/country_codes).\n\nCounterparty name means the legal name of the counterparty.\n\nCounterparty sector means the type of sector of the counterparty of the exposure. There are 12 counterparty sectors which can be reported:\n\n    banking;\n    insurance;\n    superannuation;\n    central or Commonwealth government;\n    State or Territory government;\n    local government;\n    central banks;\n    central counterparties;\n    SPVs;\n    International banking agencies and multilateral regional development banks;\n    other financial institutions; and\n-   other counterparties.\n\nCredit risk mitigation (CRM) means the CRM techniques allowed in Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112).\n\nOn and from 1 January 2020, an economic interdependence relationship has the meaning given by paragraph 25 of APS 221.\n\nExcluded exposures means exposures excluded from large exposures under paragraph 18 of APS 221.\n\nExclusion category means the reason for the exposure being an excluded exposure. There are three exclusion categories which may be reported:\n\n    Sovereigns held as HQLA;\n    QCCP – clearing; or\n    Settlement exposure.\n\nExposure is defined in paragraph 15 of APS 221.\n\nGovernment-related entities has the meaning given in APS 221.\n\nGroup counterparty name means a name for a group of connected counterparties that includes the legal name of the principal counterparty in that group. An example of this could be ‘ABC Ltd master group’ if ‘ABC Ltd’ is the principal counterparty in that group of connected counterparties.\n\nGroup of connected counterparties has the meaning given in APS 221.\n\nLarge exposure has the meaning given in APS 221.\n\nLegal Entity Identifier is a 20-digit, alpha-numeric code issued by a Local Operating Unit in accordance with the International Organization for Standardization’s International Standard ISO 17442. The Global Legal Entity Identifier Foundation maintains a free online searchable database of Legal Entity Identifiers, available at [https://www.gleif.org/en/lei/search](https://www.gleif.org/en/lei/search).\n\nMarket related means off-balance sheet exposures arising from market related contracts. Refer to APS 112 for examples of these contracts.\n\nNon-market related means off-balance sheet exposures that are not market related. Refer to APS 112 for examples of these commitments.\n\nOff-balance sheet exposures means the off-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.\n\nOn-balance sheet exposures means the on-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.\n\nOn and from 1 January 2020, other connections or relationships has the meaning given by paragraph 21(a)(iii) of APS 221.\n\nQualifying central counterparties (QCCPs) has the meaning given in APS 112.\n\nQCCP – clearing has the meaning given by paragraph 18(h) of APS 221.\n\nSettlement exposures has the meaning given by paragraph 18(g) of APS 221.\n\nSovereigns held as HQLA means exposures to governments or central banks (both Australian and foreign) that are held as high-quality liquid assets under Prudential Standard APS 210 Liquidity (APS 210). This item does not apply to ADIs that are not subject to the LCR requirements of APS 210.\n\nOn and from 1 January 2020, a third party additional risk factor has the meaning given by paragraphs 28 to 31 of Attachment A of APS 221.\n\nTier 1 Capital has the meaning given in Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111).\n\nCounterparty sectors\n\nBanking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959, as well as banking institutions in offshore jurisdictions.\n\nCentral counterparties (CCP) means clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement. Includes QCCPs.\n\nInsurance corporations means:\n\n-   life insurance corporations registered under the Life Insurance Act 1995;\n-   general insurance corporations registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001);\n-   private health insurance corporations registered under the Private Health Insurance (Prudential Supervision) Act 2015;\n-   the Export Finance Insurance Corporation;\n-   private sector and government-owned general and health insurance enterprises, both proprietary and mutual; and\n-   any insurance corporation overseas.\n\nInternational banking agencies and multilateral regional development banks means those entities listed in footnote 8 of APS 112.[\\[3\\]](#_ftn3)\n\n  \nOther counterparties includes any counterparty that is not a banking institution, insurance corporation, superannuation fund, Central or Commonwealth Government, State or Territory Government, Local Government, a central bank, a central counterparty, an SPV, international banking agencies and multilateral development banks or other financial institutions.\n\nOther financial institutions means all entities mainly engaged in financial intermediation and the provision of auxiliary financial services, other than banking institutions, insurance corporations, superannuation funds, central banks, international banking agencies and multilateral development banks, central counterparties and SPVs. Holding companies with mainly financial corporations as their subsidiaries are also included, as are market not-for-profit institutions that mainly engage in financial intermediation or the production of auxiliary financial services.\n\nSuperannuation funds means complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993, other autonomous funds established for the benefit of public sector employees and any overseas funds designed specifically for the purpose of providing a pension or other income stream on retirement.\n\n## Specific instructions\n\nSection A: Large exposures\n\n| Item 1   | Report the twenty largest exposures and all large exposures, as at the end of the reporting period. That is, report the twenty largest exposures regardless of their size in proportion to Tier 1 Capital, and also report all exposures which exceed or are equal to ten per cent of Tier 1 Capital.In column 1, report the counterparty name of the counterparty for each exposure or the group counterparty name if the exposure is to a group of connected counterparties.In column 2, report the Legal Entity Identifier of the counterparty for each exposure or the Legal Entity Identifier of the principal counterparty if the exposure is to a group of connected counterparties. Otherwise, report N/A if the counterparty or principal counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty or the principal counterparty of a group of connected counterparties for each exposure.In column 4, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends).In column 5, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each exposure.In column 6, report the non-market related, off-balance sheet exposures for the counterparty for each exposure.In column 7, report the market related, off-balance sheet exposures for the counterparty for each exposure.Column 8 is derived as the total of columns 4, 5, 6 and 7, being the total exposure for the counterparty.Column 9 is derived as the ratio of column 8 to Tier 1 Capital reported in item 7. |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Item 1.1 is derived as the total of the twenty largest exposures and all large exposures.Columns 4, 5, 6, 7 and 8 of item 1.1 are derived as the sum of columns 4, 5, 6, 7 and 8 of item 1 respectively.Column 9 of item 1.1 is derived as the ratio of column 8 of item 1.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| Item 2   | Report in item 2 details of each group of connected counterparties reported in Item 1. Each counterparty within each group of connected counterparties reported in item 1 should be reported on a separate row in item 2.In column 1, report the group counterparty name for each counterparty within each group of connected counterparties reported in item 1.In column 2, report the connection between the counterparty and the group of connected counterparties.In column 3, report the counterparty name of each counterparty within each group of connected counterparties reported in item 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 3   | Report the twenty largest exposures and exposures exceeding or equal to five per cent of Tier 1 Capital to government-related entities, as at the end of the reporting period. Do not group exposures into groups of connected counterparties.In column 1, report the counterparty name of the government-related entity for each exposure.In column 2, report the Legal Entity Identifier of the counterparty for each exposure if the government-related entity has one. Otherwise, report N/A if the government-related entity has no Legal Entity Identifier.In column 3, report the counterparty country of the government-related entity for each exposure.In column 4, report the counterparty sector of the government-related entity for each exposure.In column 5, report the on-balance sheet exposures relating to the book value of all loans and advances to the government-related entity for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends).In column 6, report the on-balance sheet exposures not relating to loans and advances to the government-related entity for each exposure.In column 7, report the non-market related, off-balance sheet exposures for the government-related entity for each exposure.In column 8, report the market related, off-balance sheet exposures for the government-related entity for each exposure.Column 9 is derived as the total of columns 5, 6, 7 and 8, being the total exposure for the government-related entity.Column 10 is derived as the ratio of column 9 to Tier 1 Capital reported in item 7.                                                                                                                     |\n| Item 3.1 | Item 3.1 is derived as the total of the twenty largest exposures for government-related entities and all exposures for government-related entities which exceed or are equal to five per cent of Tier 1 Capital.Columns 5, 6, 7, 8 and 9 of item 3.1 are derived as the sum of columns 5, 6, 7, 8 and 9 of item 3 respectively.Column 10 of item 3.1 is derived as the ratio of column 9 of item 3.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |\n\nSection B: Large exposures (without credit risk mitigation effects)\n\n| Item 4   | Report the twenty largest exposures and all large exposures as at the end of the reporting period, measured before the impact of CRM. That is, report the twenty largest exposures regardless of their size in proportion to Tier 1 Capital and also report all exposures which exceed or are equal to ten per cent of Tier 1 Capital, before CRM.The removal of the impact of CRM may mean the exposures listed in item 4 might not be the same as those in item 1.In column 1, report the counterparty name of the counterparty or the group counterparty name for each exposure.In column 2, report the Legal Entity Identifier of the counterparty for each exposure or the Legal Entity Identifier of the principal counterparty if the exposure is to a group of connected counterparties. Otherwise, report N/A if the counterparty or principal counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty or the principal counterparty of a group of connected counterparties for each exposure.In column 4, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends), before CRM.In column 5, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each exposure, before CRM.In column 6, report the non-market related, off-balance sheet exposures for the counterparty for each exposure, before CRM.In column 7, report the market related, off-balance sheet exposures for the counterparty for each exposure, before CRM.Column 8 is derived as the total of columns 4, 5, 6 and 7, being the total exposure for the counterparty, before CRM.Column 9 is derived as the ratio of column 8 to Tier 1 Capital reported in item 7. |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 4.1 | Item 4.1 is derived as the total of the twenty largest exposures and all large exposures, before CRM.Columns 4, 5, 6, 7 and 8 of item 4.1 are derived as the sum of columns 4, 5, 6, 7 and 8 of item 4 respectively.Column 9 of item 4.1 is derived as the ratio of column 8 of item 4.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 5   | Report in item 5 details of each group of connected counterparties reported in Item 4 that were not reported in item 1. Each counterparty within each group of connected counterparties reported in item 4 should be reported on a separate row in item 5, unless it was already reported in item 1.In column 1, report the group counterparty name for each counterparty within each group of connected counterparties reported in item 4.In column 2, report the connection between the counterparty and the group of connected counterparties.In column 3, report the counterparty name of each counterparty within each group of connected counterparties reported in item 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n\nSection C: Excluded exposures\n\n| Item 6   | Report all excluded exposures exceeding or equal to ten per cent of Tier 1 Capital that are sovereigns held as HQLA, to QCCPs relating to clearing activities, and settlement exposures as at the end of the reporting period. If the excluded exposure to a counterparty relates to more than one exclusion category, report the excluded exposure under a separate row in item 6 with the relevant counterparty and all relevant exclusion categories.Do not group exposures into groups of connected counterparties. Do not include any other type of excluded exposure.In column 1, report the counterparty name of the counterparty for each excluded exposure.In column 2, report the Legal Entity Identifier of the counterparty for each excluded exposure if the counterparty has one. Otherwise, report N/A if the counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty for each excluded exposure.In column 4, report the exclusion category for each excluded exposure.In column 5, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each excluded exposure, including any accrued income associated with the excluded exposure (e.g. interest, dividends).In column 6, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each excluded exposure.In column 7, report the non-market related, off-balance sheet exposures for the counterparty for each excluded exposure.In column 8, report the market related, off-balance sheet exposures for the counterparty for each excluded exposure.Column 9 is derived as the total of columns 5, 6, 7 and 8, being the total exposure for the counterparty.Column 10 is derived as the ratio of column 9 to Tier 1 Capital reported in item 7. |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 6.1 | Item 6.1 is derived as the total of the excluded exposures exceeding or equal to ten per cent of Tier 1 Capital that are sovereigns held as HQLA, to QCCPs relating to clearing activities, and settlement exposures.Columns 5, 6, 7, 8 and 9 of item 6.1 are derived as the sum of columns 5, 6, 7, 8 and 9 of item 6 respectively.Column 10 of item 6.1 is derived as the ratio of column 9 of item 6.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n\nMemorandum Items: Tier 1 Capital\n\n| Item 7 | Report in item 7 the Tier 1 Capital as at the end of the period. |\n| ------ | ---------------------------------------------------------------- |","sortOrder":19},{"sectionNumber":"Class of ADI","sectionType":"part","heading":"Class of ADI","content":"# Class of ADI","sortOrder":20},{"sectionNumber":"Units","sectionType":"part","heading":"Units","content":"# Units","sortOrder":21},{"sectionNumber":"Australian-owned Bank","sectionType":"part","heading":"Australian-owned Bank","content":"# Australian-owned Bank","sortOrder":22},{"sectionNumber":"Millions of dollars rounded to one decim","sectionType":"part","heading":"Millions of dollars rounded to one decimal place","content":"# Millions of dollars rounded to one decimal place","sortOrder":23},{"sectionNumber":"Foreign Subsidiary Bank","sectionType":"part","heading":"Foreign Subsidiary Bank","content":"# Foreign Subsidiary Bank","sortOrder":24},{"sectionNumber":"Foreign ADI","sectionType":"part","heading":"Foreign ADI","content":"# Foreign ADI","sortOrder":26},{"sectionNumber":"Not applicable","sectionType":"part","heading":"Not applicable","content":"# Not applicable","sortOrder":27},{"sectionNumber":"Building Society","sectionType":"part","heading":"Building Society","content":"# Building Society","sortOrder":28},{"sectionNumber":"Whole dollars with no decimal place","sectionType":"part","heading":"Whole dollars with no decimal place","content":"# Whole dollars with no decimal place","sortOrder":29},{"sectionNumber":"Credit Union","sectionType":"part","heading":"Credit Union","content":"# Credit Union","sortOrder":30},{"sectionNumber":"PPF provider","sectionType":"part","heading":"PPF provider","content":"# PPF provider","sortOrder":32},{"sectionNumber":"Other ADI","sectionType":"part","heading":"Other ADI","content":"# Other ADI","sortOrder":34},{"sectionNumber":"Basis of preparation","sectionType":"part","heading":"Basis of preparation","content":"## Basis of preparation\n\nFor the purposes of this form, ADIs are to report all exposures including both the effect of CRM techniques as well as on the basis of excluding the effect of CRM techniques allowed under APS 221.\n\nIn completing this form, ADIs are to apply the requirements for netting specified in Attachment A of APS 221.","sortOrder":36},{"sectionNumber":"Definitions","sectionType":"part","heading":"Definitions","content":"## Definitions\n\nTerms highlighted in bold italics indicate that the definition is provided in these instructions.\n\nConnection means the relationship between two counterparties in a group of connected counterparties. Until 31 December 2019, a connection can be any of the following:\n\n    cross guarantees;\n    common ownership or management;\n    control;\n    financial interdependency; or\n    other connections or relationships.\n\nOn and from 1 January 2020, a connection can be any of the following:\n\n    a control relationship;\n    an economic interdependence relationship;\n    both control and economic interdependence;\n    other connections or relationships; or\n    a third party additional risk factor.\n\nOn and from 1 January 2020, a control relationship has the meaning given by paragraphs 22 to 24 of APS 221.\n\nCounterparty means either the individual counterparty or a group of connected counterparties to an exposure.[\\[2\\]](#_ftn2) In the case of a group of connected counterparties, the ADI’s aggregate exposure to the group of connected counterparties is considered one exposure.\n\nCounterparty country means the country where the counterparty of the exposure is domiciled. ADIs are to report the English name of the relevant country as assigned by the ISO 3166 Maintenance Agency to a country code defined under the International Organization for Standardization’s International Standard ISO 3166. The ISO 3166 Maintenance Agency maintains a free online browsing platform setting out the names of countries and their corresponding codes, available at [http://www.iso.org/iso/country\\_codes](http://www.iso.org/iso/country_codes).\n\nCounterparty name means the legal name of the counterparty.\n\nCounterparty sector means the type of sector of the counterparty of the exposure. There are 12 counterparty sectors which can be reported:\n\n    banking;\n    insurance;\n    superannuation;\n    central or Commonwealth government;\n    State or Territory government;\n    local government;\n    central banks;\n    central counterparties;\n    SPVs;\n    International banking agencies and multilateral regional development banks;\n    other financial institutions; and\n-   other counterparties.\n\nCredit risk mitigation (CRM) means the CRM techniques allowed in Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112).\n\nOn and from 1 January 2020, an economic interdependence relationship has the meaning given by paragraph 25 of APS 221.\n\nExcluded exposures means exposures excluded from large exposures under paragraph 18 of APS 221.\n\nExclusion category means the reason for the exposure being an excluded exposure. There are three exclusion categories which may be reported:\n\n    Sovereigns held as HQLA;\n    QCCP – clearing; or\n    Settlement exposure.\n\nExposure is defined in paragraph 15 of APS 221.\n\nGovernment-related entities has the meaning given in APS 221.\n\nGroup counterparty name means a name for a group of connected counterparties that includes the legal name of the principal counterparty in that group. An example of this could be ‘ABC Ltd master group’ if ‘ABC Ltd’ is the principal counterparty in that group of connected counterparties.\n\nGroup of connected counterparties has the meaning given in APS 221.\n\nLarge exposure has the meaning given in APS 221.\n\nLegal Entity Identifier is a 20-digit, alpha-numeric code issued by a Local Operating Unit in accordance with the International Organization for Standardization’s International Standard ISO 17442. The Global Legal Entity Identifier Foundation maintains a free online searchable database of Legal Entity Identifiers, available at [https://www.gleif.org/en/lei/search](https://www.gleif.org/en/lei/search).\n\nMarket related means off-balance sheet exposures arising from market related contracts. Refer to APS 112 for examples of these contracts.\n\nNon-market related means off-balance sheet exposures that are not market related. Refer to APS 112 for examples of these commitments.\n\nOff-balance sheet exposures means the off-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.\n\nOn-balance sheet exposures means the on-balance sheet portion of any exposure, measured in accordance with Attachment A of APS 221.\n\nOn and from 1 January 2020, other connections or relationships has the meaning given by paragraph 21(a)(iii) of APS 221.\n\nQualifying central counterparties (QCCPs) has the meaning given in APS 112.\n\nQCCP – clearing has the meaning given by paragraph 18(h) of APS 221.\n\nSettlement exposures has the meaning given by paragraph 18(g) of APS 221.\n\nSovereigns held as HQLA means exposures to governments or central banks (both Australian and foreign) that are held as high-quality liquid assets under Prudential Standard APS 210 Liquidity (APS 210). This item does not apply to ADIs that are not subject to the LCR requirements of APS 210.\n\nOn and from 1 January 2020, a third party additional risk factor has the meaning given by paragraphs 28 to 31 of Attachment A of APS 221.\n\nTier 1 Capital has the meaning given in Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111).\n\nCounterparty sectors\n\nBanking institution means an authorised deposit-taking institution within the meaning of the Banking Act 1959, as well as banking institutions in offshore jurisdictions.\n\nCentral counterparties (CCP) means clearing houses that interpose themselves between counterparties to contracts traded in one or more financial markets, becoming the buyer to every seller and the seller to every buyer. A CCP becomes counterparty to trades with market participants through novation, an open offer system, or another legally binding arrangement. Includes QCCPs.\n\nInsurance corporations means:\n\n-   life insurance corporations registered under the Life Insurance Act 1995;\n-   general insurance corporations registered under the Insurance Act 1973 (or by virtue of determinations made by APRA under the General Insurance Reform Act 2001);\n-   private health insurance corporations registered under the Private Health Insurance (Prudential Supervision) Act 2015;\n-   the Export Finance Insurance Corporation;\n-   private sector and government-owned general and health insurance enterprises, both proprietary and mutual; and\n-   any insurance corporation overseas.\n\nInternational banking agencies and multilateral regional development banks means those entities listed in footnote 8 of APS 112.[\\[3\\]](#_ftn3)\n\n  \nOther counterparties includes any counterparty that is not a banking institution, insurance corporation, superannuation fund, Central or Commonwealth Government, State or Territory Government, Local Government, a central bank, a central counterparty, an SPV, international banking agencies and multilateral development banks or other financial institutions.\n\nOther financial institutions means all entities mainly engaged in financial intermediation and the provision of auxiliary financial services, other than banking institutions, insurance corporations, superannuation funds, central banks, international banking agencies and multilateral development banks, central counterparties and SPVs. Holding companies with mainly financial corporations as their subsidiaries are also included, as are market not-for-profit institutions that mainly engage in financial intermediation or the production of auxiliary financial services.\n\nSuperannuation funds means complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993, other autonomous funds established for the benefit of public sector employees and any overseas funds designed specifically for the purpose of providing a pension or other income stream on retirement.","sortOrder":37},{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"## Specific instructions\n\nSection A: Large exposures\n\n| Item 1   | Report the twenty largest exposures and all large exposures, as at the end of the reporting period. That is, report the twenty largest exposures regardless of their size in proportion to Tier 1 Capital, and also report all exposures which exceed or are equal to ten per cent of Tier 1 Capital.In column 1, report the counterparty name of the counterparty for each exposure or the group counterparty name if the exposure is to a group of connected counterparties.In column 2, report the Legal Entity Identifier of the counterparty for each exposure or the Legal Entity Identifier of the principal counterparty if the exposure is to a group of connected counterparties. Otherwise, report N/A if the counterparty or principal counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty or the principal counterparty of a group of connected counterparties for each exposure.In column 4, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends).In column 5, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each exposure.In column 6, report the non-market related, off-balance sheet exposures for the counterparty for each exposure.In column 7, report the market related, off-balance sheet exposures for the counterparty for each exposure.Column 8 is derived as the total of columns 4, 5, 6 and 7, being the total exposure for the counterparty.Column 9 is derived as the ratio of column 8 to Tier 1 Capital reported in item 7. |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Item 1.1 is derived as the total of the twenty largest exposures and all large exposures.Columns 4, 5, 6, 7 and 8 of item 1.1 are derived as the sum of columns 4, 5, 6, 7 and 8 of item 1 respectively.Column 9 of item 1.1 is derived as the ratio of column 8 of item 1.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |\n| Item 2   | Report in item 2 details of each group of connected counterparties reported in Item 1. Each counterparty within each group of connected counterparties reported in item 1 should be reported on a separate row in item 2.In column 1, report the group counterparty name for each counterparty within each group of connected counterparties reported in item 1.In column 2, report the connection between the counterparty and the group of connected counterparties.In column 3, report the counterparty name of each counterparty within each group of connected counterparties reported in item 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 3   | Report the twenty largest exposures and exposures exceeding or equal to five per cent of Tier 1 Capital to government-related entities, as at the end of the reporting period. Do not group exposures into groups of connected counterparties.In column 1, report the counterparty name of the government-related entity for each exposure.In column 2, report the Legal Entity Identifier of the counterparty for each exposure if the government-related entity has one. Otherwise, report N/A if the government-related entity has no Legal Entity Identifier.In column 3, report the counterparty country of the government-related entity for each exposure.In column 4, report the counterparty sector of the government-related entity for each exposure.In column 5, report the on-balance sheet exposures relating to the book value of all loans and advances to the government-related entity for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends).In column 6, report the on-balance sheet exposures not relating to loans and advances to the government-related entity for each exposure.In column 7, report the non-market related, off-balance sheet exposures for the government-related entity for each exposure.In column 8, report the market related, off-balance sheet exposures for the government-related entity for each exposure.Column 9 is derived as the total of columns 5, 6, 7 and 8, being the total exposure for the government-related entity.Column 10 is derived as the ratio of column 9 to Tier 1 Capital reported in item 7.                                                                                                                     |\n| Item 3.1 | Item 3.1 is derived as the total of the twenty largest exposures for government-related entities and all exposures for government-related entities which exceed or are equal to five per cent of Tier 1 Capital.Columns 5, 6, 7, 8 and 9 of item 3.1 are derived as the sum of columns 5, 6, 7, 8 and 9 of item 3 respectively.Column 10 of item 3.1 is derived as the ratio of column 9 of item 3.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |\n\nSection B: Large exposures (without credit risk mitigation effects)\n\n| Item 4   | Report the twenty largest exposures and all large exposures as at the end of the reporting period, measured before the impact of CRM. That is, report the twenty largest exposures regardless of their size in proportion to Tier 1 Capital and also report all exposures which exceed or are equal to ten per cent of Tier 1 Capital, before CRM.The removal of the impact of CRM may mean the exposures listed in item 4 might not be the same as those in item 1.In column 1, report the counterparty name of the counterparty or the group counterparty name for each exposure.In column 2, report the Legal Entity Identifier of the counterparty for each exposure or the Legal Entity Identifier of the principal counterparty if the exposure is to a group of connected counterparties. Otherwise, report N/A if the counterparty or principal counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty or the principal counterparty of a group of connected counterparties for each exposure.In column 4, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each exposure, including any accrued income associated with the exposure (e.g. interest, dividends), before CRM.In column 5, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each exposure, before CRM.In column 6, report the non-market related, off-balance sheet exposures for the counterparty for each exposure, before CRM.In column 7, report the market related, off-balance sheet exposures for the counterparty for each exposure, before CRM.Column 8 is derived as the total of columns 4, 5, 6 and 7, being the total exposure for the counterparty, before CRM.Column 9 is derived as the ratio of column 8 to Tier 1 Capital reported in item 7. |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 4.1 | Item 4.1 is derived as the total of the twenty largest exposures and all large exposures, before CRM.Columns 4, 5, 6, 7 and 8 of item 4.1 are derived as the sum of columns 4, 5, 6, 7 and 8 of item 4 respectively.Column 9 of item 4.1 is derived as the ratio of column 8 of item 4.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 5   | Report in item 5 details of each group of connected counterparties reported in Item 4 that were not reported in item 1. Each counterparty within each group of connected counterparties reported in item 4 should be reported on a separate row in item 5, unless it was already reported in item 1.In column 1, report the group counterparty name for each counterparty within each group of connected counterparties reported in item 4.In column 2, report the connection between the counterparty and the group of connected counterparties.In column 3, report the counterparty name of each counterparty within each group of connected counterparties reported in item 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n\nSection C: Excluded exposures\n\n| Item 6   | Report all excluded exposures exceeding or equal to ten per cent of Tier 1 Capital that are sovereigns held as HQLA, to QCCPs relating to clearing activities, and settlement exposures as at the end of the reporting period. If the excluded exposure to a counterparty relates to more than one exclusion category, report the excluded exposure under a separate row in item 6 with the relevant counterparty and all relevant exclusion categories.Do not group exposures into groups of connected counterparties. Do not include any other type of excluded exposure.In column 1, report the counterparty name of the counterparty for each excluded exposure.In column 2, report the Legal Entity Identifier of the counterparty for each excluded exposure if the counterparty has one. Otherwise, report N/A if the counterparty has no Legal Entity Identifier.In column 3, report the counterparty sector of the counterparty for each excluded exposure.In column 4, report the exclusion category for each excluded exposure.In column 5, report the on-balance sheet exposures relating to the book value of all loans and advances to the counterparty for each excluded exposure, including any accrued income associated with the excluded exposure (e.g. interest, dividends).In column 6, report the on-balance sheet exposures not relating to loans and advances to the counterparty for each excluded exposure.In column 7, report the non-market related, off-balance sheet exposures for the counterparty for each excluded exposure.In column 8, report the market related, off-balance sheet exposures for the counterparty for each excluded exposure.Column 9 is derived as the total of columns 5, 6, 7 and 8, being the total exposure for the counterparty.Column 10 is derived as the ratio of column 9 to Tier 1 Capital reported in item 7. |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 6.1 | Item 6.1 is derived as the total of the excluded exposures exceeding or equal to ten per cent of Tier 1 Capital that are sovereigns held as HQLA, to QCCPs relating to clearing activities, and settlement exposures.Columns 5, 6, 7, 8 and 9 of item 6.1 are derived as the sum of columns 5, 6, 7, 8 and 9 of item 6 respectively.Column 10 of item 6.1 is derived as the ratio of column 9 of item 6.1 to Tier 1 Capital reported in item 7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n\nMemorandum Items: Tier 1 Capital\n\n| Item 7 | Report in item 7 the Tier 1 Capital as at the end of the period. |\n| ------ | ---------------------------------------------------------------- |","sortOrder":38},{"sectionNumber":"Reporting Form ARF 221.1","sectionType":"part","heading":"Reporting Form ARF 221.1","content":"# Reporting Form ARF 221.1\n\nLarge Exposures – Foreign ADI","sortOrder":39}],"analysis":{"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"The Standard maintains the same broad coverage: it applies to all ADIs except providers of purchased payment facilities, with separate treatment for foreign ADIs and NOHCs (paras 3, 5–7). It replaces a prior Reporting Standard but preserves transitional reporting for periods overlapping revocation (para 18). No substantive expansion or narrowing of the classes of entities required to report is specified in the text provided."},"complexity_factors":["Multiple external cross-references to other prudential standards and accounting rules (APS 221, APS 112, APS 111, APS 310, APS 001, APS 210; instructions refer to AASB 121) which require readers to consult several instruments.","Dual reporting layers: Level 1 and Level 2 reporting with special NOHC treatment (paras 5–6; Instruction Guide).","Detailed, tabular reporting with many derived fields and thresholds (Section A–C, Items 1–6 and derived totals).","Temporal changes to definitions and treatment effective 1 Jan 2020 (connection, control, economic interdependence, third-party risk factors) in the instructions.","Securitisation deconsolidation rules that change whether SPVs are included or excluded for regulatory reporting (Instruction Guide securitisation principle).","Quality-control and assurance obligations requiring external auditor review and internal systems/processes (paras 13–14 referencing APS 310).","Operational requirements: electronic submission via D2A (para 8), digital certificate signing (para 15), 28-day due date with APRA discretion to vary or extend (paras 9–12).","Transition mechanics requiring reporting under the old standard for certain overdue or transitional periods (para 18).","APRA discretion to make minor technical/form changes and to vary reporting frequency (paras 11, 16–17) which may affect implementation timing."],"plain_english_summary":"This Reporting Standard requires authorised deposit-taking institutions (ADIs) to file quarterly electronic returns with APRA about large counterparty exposures using ARF 221.0 (domestic) or ARF 221.1 (foreign domestic books). It specifies what to report (top-20 exposures, exposures above percentage thresholds, excluded exposures) and the unit, timing and submission method.\n\nThe Standard also imposes an external-audit review and internal-control requirements for reported data, requires digital authorisation of submissions, and gives APRA limited discretion to change frequencies or make minor form clarifications."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":4458},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"This determination replaces a previous version of the same reporting standard (as referenced in the Transition section) but maintains the same core scope: collecting granular data on ADIs' large exposures for prudential supervision. While it updates definitions (e.g., 'connection' between counterparties effective 2020) and clarifies application to non-operating holding companies, the fundamental purpose and coverage (all ADIs except PPF providers) remain consistent with the original intent of the Financial Sector (Collection of Data) Act 2001 framework."},"complexity_factors":["Extensive cross-referencing to external prudential standards (APS 221, APS 112, APS 111, APS 310, APS 001, APS 120) for definitions and calculation methods","Conditional reporting logic based on ADI classification (locally incorporated vs foreign, Level 1 vs Level 2, subsidiaries of authorised NOHCs)","Multiple reporting thresholds (20 largest exposures, ≥10% of Tier 1 Capital, ≥5% for government-related entities)","Dual reporting requirement (with and without Credit Risk Mitigation effects) creating parallel data sets","Complex defined terms requiring external statutory interpretation (e.g., 'group of connected counterparties', 'immediate parent NOHC', 'excluded exposures')","Transitional provisions creating temporary overlap between old and new reporting standards for periods straddling 1 January 2019"],"plain_english_summary":"This APRA Reporting Standard requires Australian banks, building societies and credit unions (and in some cases their locally incorporated parents) to regularly disclose their biggest loans and linked exposures so the regulator can spot concentration risk. Quarterly reporting of large, connected or material government-related exposures lets APRA monitor whether lenders have dangerously large bets on single borrowers or groups and helps protect depositors and financial stability."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-41-of-2018/documents"}}