{"id":"F2012L02485","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2012","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":126590,"registerId":"commonwealth-F2012L02485-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard ARS 111.0","sectionType":"part","heading":"Reporting Standard ARS 111.0","content":"## ![](image.001.png)\n\n## Reporting Standard ARS 111.0\n\n## Fair Values\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 fair value measurement. It includes Form ARF 111.0 Fair Values and associated instructions and should be read in conjunction with Prudential Standard APS 110 Capital Adequacy and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.\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 in Form ARF 111.0 Fair Values (ARF 111.0) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 110 Capital Adequacy (APS 110) and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.\n\n# Application and commencement\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) other than branches of foreign banks and providers of purchased payment facilities. This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 5). This Reporting Standard applies for reporting periods commencing on or after 1 January 2013.\n\n# Information required\n\n4. An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 111.0 designated for an ADI at Level 1 for each reporting period.\n\n5. If an 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 111.0 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 paragraphs 4 and 11) as if it were the relevant ADI.\n\n# Forms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application.\n\nNote: the Direct to APRA application software may be obtained from APRA.\n\n# Reporting periods and due dates\n\n7. Subject to paragraph 8, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n8. APRA may, by notice in writing, vary 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; or\n\n(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.\n\n    9. The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates, within which information must be submitted to APRA by an ADI in each of the classes set out in the same row in the left hand column.\n\n| Class of ADI                              | Number of business days |\n| ----------------------------------------- | ----------------------- |\n| Bank – Advanced or Applicant Advanced     | 30                      |\n| Bank – Standardised                       | 20                      |\n| Branch of a Foreign Bank                  | Not applicable          |\n| Building Society                          | 15                      |\n| Credit Union                              | 15                      |\n| Specialist Credit Card Institution (SCCI) | 15                      |\n| Provider of Purchased Payment Facilities  | Not applicable          |\n| Other ADI[1]                              | 20                      |\n\n10. APRA may grant an ADI an extension, in writing, of a due date, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\n# Quality control\n\n11. The information provided by an ADI under this Reporting Standard (except for the information required under paragraph 5) must be the produced by processes and controls that have been reviewed and tested by the external auditor of the ADI once the ADI is required to comply with AASB 13 Fair Value Measurement for public reporting in Australia. Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions, issued by the Auditing and Assurance Standards Board, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must occur at least annually and more frequently if necessary for the external auditor to form an opinion on the accuracy and reliability of the information.\n\n12. All information provided by an ADI under this Reporting Standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.\n\n# Authorisation\n\n13. When an ADI submits information under this Reporting Standard using the D2A software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant information. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the information to APRA.\n\n# Minor alterations to forms and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify, in writing, each ADI that is required to report under this Reporting Standard.\n\n# Transition\n\n16. 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 that this Reporting Standard replaces); and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n    (a) that ended before the date of revocation of the old reporting standard; and\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 any overdue reporting documents in accordance with the old reporting standard.\n\n# Interpretation\n\n17. In this Reporting Standard:\n\nADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nAustralian-owned bank means a locally incorporated ADI that assumes or uses the work ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.\n\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbank – advanced or applicant advanced means an Australian-owned bank or a foreign subsidiary bank that has APRA’s approval or is seeking APRA’s approval to use an internal ratings-based approach to credit risk and/or an advanced measurement approach to operational risk for capital adequacy purposes.\n\nbank – standardised means an Australian-owned bank or a foreign subsidiary bank that uses the standardised approaches to credit risk and operational risk for capital adequacy purposes in respect of the whole of its operations.\n\nbranch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959, but does not include an SCCI that is a foreign ADI.\n\nbuilding society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\nclass of ADI means each of the following:\n\n    (i) bank – advanced or applicant advanced;\n    (ii) bank – standardised;\n    (iii) branch of a foreign bank;\n    (iv) building society;\n    (v) credit union;\n    (vi) other ADI;\n    (vii) provider of purchased payment facilities; and\n    (viii) an SCCI.\n\ncredit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and, for the purposes of this Reporting Standard, includes Cairns Penny Savings and Loans Limited.\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10.\n\nforeign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised NOHC, that is an immediate parent NOHC within the meaning of Prudential Standard APS 001 Definitions (APS 001).\n\nLevel 1 has the meaning in APS 001.\n\nLevel 2 has the meaning 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\nother ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union, a foreign subsidiary bank, a provider of purchased payment facilities or a specialist credit card institution, and, for the purposes of this Reporting Standard, does not include Cairns Penny Savings and Loans Limited.\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 7 or, if applicable, paragraph 8.\n\nspecialist credit card institution (SCCI) 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 the activities of credit card acquiring and credit card issuing in any credit card scheme that is designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998.\n\nstake means a stake determined under the Financial Sector Shareholdings Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).\n\nsubsidiary has the meaning in the Corporations Act 2001.\n\n18. APRA may determine, in writing, that an individual ADI of one class of ADI is to be treated, for the purposes of this Reporting Standard, as though it were an ADI of another class of ADI.","sortOrder":0},{"sectionNumber":"Fair Values","sectionType":"part","heading":"Fair Values","content":"## Fair Values\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 fair value measurement. It includes Form ARF 111.0 Fair Values and associated instructions and should be read in conjunction with Prudential Standard APS 110 Capital Adequacy and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.\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 in Form ARF 111.0 Fair Values (ARF 111.0) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 110 Capital Adequacy (APS 110) and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.\n\n# Application and commencement\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) other than branches of foreign banks and providers of purchased payment facilities. This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 5). This Reporting Standard applies for reporting periods commencing on or after 1 January 2013.\n\n# Information required\n\n4. An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 111.0 designated for an ADI at Level 1 for each reporting period.\n\n5. If an 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 111.0 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 paragraphs 4 and 11) as if it were the relevant ADI.\n\n# Forms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application.\n\nNote: the Direct to APRA application software may be obtained from APRA.\n\n# Reporting periods and due dates\n\n7. Subject to paragraph 8, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n8. APRA may, by notice in writing, vary 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; or\n\n(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.\n\n    9. The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates, within which information must be submitted to APRA by an ADI in each of the classes set out in the same row in the left hand column.\n\n| Class of ADI                              | Number of business days |\n| ----------------------------------------- | ----------------------- |\n| Bank – Advanced or Applicant Advanced     | 30                      |\n| Bank – Standardised                       | 20                      |\n| Branch of a Foreign Bank                  | Not applicable          |\n| Building Society                          | 15                      |\n| Credit Union                              | 15                      |\n| Specialist Credit Card Institution (SCCI) | 15                      |\n| Provider of Purchased Payment Facilities  | Not applicable          |\n| Other ADI[1]                              | 20                      |\n\n10. APRA may grant an ADI an extension, in writing, of a due date, in which case the new due date for the provision of the information will be the date on the notice of extension.\n\n# Quality control\n\n11. The information provided by an ADI under this Reporting Standard (except for the information required under paragraph 5) must be the produced by processes and controls that have been reviewed and tested by the external auditor of the ADI once the ADI is required to comply with AASB 13 Fair Value Measurement for public reporting in Australia. Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions, issued by the Auditing and Assurance Standards Board, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must occur at least annually and more frequently if necessary for the external auditor to form an opinion on the accuracy and reliability of the information.\n\n12. All information provided by an ADI under this Reporting Standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.\n\n# Authorisation\n\n13. When an ADI submits information under this Reporting Standard using the D2A software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant information. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the information to APRA.\n\n# Minor alterations to forms and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify, in writing, each ADI that is required to report under this Reporting Standard.\n\n# Transition\n\n16. 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 that this Reporting Standard replaces); and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n    (a) that ended before the date of revocation of the old reporting standard; and\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 any overdue reporting documents in accordance with the old reporting standard.\n\n# Interpretation\n\n17. In this Reporting Standard:\n\nADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nAustralian-owned bank means a locally incorporated ADI that assumes or uses the work ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.\n\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbank – advanced or applicant advanced means an Australian-owned bank or a foreign subsidiary bank that has APRA’s approval or is seeking APRA’s approval to use an internal ratings-based approach to credit risk and/or an advanced measurement approach to operational risk for capital adequacy purposes.\n\nbank – standardised means an Australian-owned bank or a foreign subsidiary bank that uses the standardised approaches to credit risk and operational risk for capital adequacy purposes in respect of the whole of its operations.\n\nbranch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959, but does not include an SCCI that is a foreign ADI.\n\nbuilding society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\nclass of ADI means each of the following:\n\n    (i) bank – advanced or applicant advanced;\n    (ii) bank – standardised;\n    (iii) branch of a foreign bank;\n    (iv) building society;\n    (v) credit union;\n    (vi) other ADI;\n    (vii) provider of purchased payment facilities; and\n    (viii) an SCCI.\n\ncredit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and, for the purposes of this Reporting Standard, includes Cairns Penny Savings and Loans Limited.\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10.\n\nforeign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised NOHC, that is an immediate parent NOHC within the meaning of Prudential Standard APS 001 Definitions (APS 001).\n\nLevel 1 has the meaning in APS 001.\n\nLevel 2 has the meaning 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\nother ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union, a foreign subsidiary bank, a provider of purchased payment facilities or a specialist credit card institution, and, for the purposes of this Reporting Standard, does not include Cairns Penny Savings and Loans Limited.\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 7 or, if applicable, paragraph 8.\n\nspecialist credit card institution (SCCI) 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 the activities of credit card acquiring and credit card issuing in any credit card scheme that is designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998.\n\nstake means a stake determined under the Financial Sector Shareholdings Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).\n\nsubsidiary has the meaning in the Corporations Act 2001.\n\n18. APRA may determine, in writing, that an individual ADI of one class of ADI is to be treated, for the purposes of this Reporting Standard, as though it were an ADI of another class of ADI.","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 fair value measurement. It includes Form ARF 111.0 Fair Values and associated instructions and should be read in conjunction with Prudential Standard APS 110 Capital Adequacy and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital.","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 in Form ARF 111.0 Fair Values (ARF 111.0) is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard APS 110 Capital Adequacy (APS 110) and Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.","sortOrder":4},{"sectionNumber":"Application and commencement","sectionType":"part","heading":"Application and commencement","content":"# Application and commencement\n\n3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) other than branches of foreign banks and providers of purchased payment facilities. This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 5). This Reporting Standard applies for reporting periods commencing on or after 1 January 2013.","sortOrder":5},{"sectionNumber":"Information required","sectionType":"part","heading":"Information required","content":"# Information required\n\n4. An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 111.0 designated for an ADI at Level 1 for each reporting period.\n\n5. If an 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 111.0 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 paragraphs 4 and 11) as if it were the relevant ADI.","sortOrder":6},{"sectionNumber":"Forms and method of submission","sectionType":"part","heading":"Forms and method of submission","content":"# Forms and method of submission\n\n6. The information required by this Reporting Standard must be given to APRA in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application.\n\nNote: the Direct to APRA application software may be obtained from APRA.","sortOrder":7},{"sectionNumber":"Reporting periods and due dates","sectionType":"part","heading":"Reporting periods and due dates","content":"# Reporting periods and due dates\n\n7. Subject to paragraph 8, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.\n\n8. APRA may, by notice in writing, vary 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; or\n\n(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.\n\n    9. The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates, within which information must be submitted to APRA by an ADI in each of the classes set out in the same row in the left hand column.\n\n| Class of ADI                              | Number of business days |\n| ----------------------------------------- | ----------------------- |\n| Bank – Advanced or Applicant Advanced     | 30                      |\n| Bank – Standardised                       | 20                      |\n| Branch of a Foreign Bank                  | Not applicable          |\n| Building Society                          | 15                      |\n| Credit Union                              | 15                      |\n| Specialist Credit Card Institution (SCCI) | 15                      |\n| Provider of Purchased Payment Facilities  | Not applicable          |\n| Other ADI[1]                              | 20                      |\n\n10. APRA may grant an ADI an extension, in writing, of a due date, in which case the new due date for the provision of the information will be the date on the notice of extension.","sortOrder":8},{"sectionNumber":"Quality control","sectionType":"part","heading":"Quality control","content":"# Quality control\n\n11. The information provided by an ADI under this Reporting Standard (except for the information required under paragraph 5) must be the produced by processes and controls that have been reviewed and tested by the external auditor of the ADI once the ADI is required to comply with AASB 13 Fair Value Measurement for public reporting in Australia. Guidance Statement GS 012 Prudential Reporting Requirements for Auditors of Authorised Deposit-taking Institutions, issued by the Auditing and Assurance Standards Board, provides guidance on the scope and nature of the review and testing required from external auditors. This review and testing must occur at least annually and more frequently if necessary for the external auditor to form an opinion on the accuracy and reliability of the information.\n\n12. All information provided by an ADI under this Reporting Standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.","sortOrder":9},{"sectionNumber":"Authorisation","sectionType":"part","heading":"Authorisation","content":"# Authorisation\n\n13. When an ADI submits information under this Reporting Standard using the D2A software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant information. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the information to APRA.","sortOrder":10},{"sectionNumber":"Minor alterations to forms and instructi","sectionType":"part","heading":"Minor alterations to forms and instructions","content":"# Minor alterations to forms and instructions\n\n14. APRA may make minor variations to:\n\n> (a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or\n\n> (b) the instructions to a form, to clarify their application to the form\n\n> without changing any substantive requirement in the form or instructions.\n\n15. If APRA makes such a variation it must notify, in writing, each ADI that is required to report under this Reporting Standard.","sortOrder":11},{"sectionNumber":"Transition","sectionType":"part","heading":"Transition","content":"# Transition\n\n16. 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 that this Reporting Standard replaces); and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n    (a) that ended before the date of revocation of the old reporting standard; and\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 any overdue reporting documents in accordance with the old reporting standard.","sortOrder":12},{"sectionNumber":"Interpretation","sectionType":"part","heading":"Interpretation","content":"# Interpretation\n\n17. In this Reporting Standard:\n\nADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.\n\nAPRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.\n\nAustralian-owned bank means a locally incorporated ADI that assumes or uses the work ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.\n\nauthorised NOHC has the meaning given in the Banking Act 1959.\n\nbank – advanced or applicant advanced means an Australian-owned bank or a foreign subsidiary bank that has APRA’s approval or is seeking APRA’s approval to use an internal ratings-based approach to credit risk and/or an advanced measurement approach to operational risk for capital adequacy purposes.\n\nbank – standardised means an Australian-owned bank or a foreign subsidiary bank that uses the standardised approaches to credit risk and operational risk for capital adequacy purposes in respect of the whole of its operations.\n\nbranch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959, but does not include an SCCI that is a foreign ADI.\n\nbuilding society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.\n\nbusiness days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.\n\nclass of ADI means each of the following:\n\n    (i) bank – advanced or applicant advanced;\n    (ii) bank – standardised;\n    (iii) branch of a foreign bank;\n    (iv) building society;\n    (v) credit union;\n    (vi) other ADI;\n    (vii) provider of purchased payment facilities; and\n    (viii) an SCCI.\n\ncredit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and, for the purposes of this Reporting Standard, includes Cairns Penny Savings and Loans Limited.\n\ndue date means the relevant date under paragraph 9 or, if applicable, paragraph 10.\n\nforeign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.\n\nimmediate parent NOHC means an authorised NOHC, or a subsidiary of an authorised NOHC, that is an immediate parent NOHC within the meaning of Prudential Standard APS 001 Definitions (APS 001).\n\nLevel 1 has the meaning in APS 001.\n\nLevel 2 has the meaning 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\nother ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union, a foreign subsidiary bank, a provider of purchased payment facilities or a specialist credit card institution, and, for the purposes of this Reporting Standard, does not include Cairns Penny Savings and Loans Limited.\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 7 or, if applicable, paragraph 8.\n\nspecialist credit card institution (SCCI) 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 the activities of credit card acquiring and credit card issuing in any credit card scheme that is designated as a payment system under section 11 of the Payment Systems (Regulation) Act 1998.\n\nstake means a stake determined under the Financial Sector Shareholdings Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).\n\nsubsidiary has the meaning in the Corporations Act 2001.\n\n18. APRA may determine, in writing, that an individual ADI of one class of ADI is to be treated, for the purposes of this Reporting Standard, as though it were an ADI of another class of ADI.","sortOrder":13},{"sectionNumber":"Instruction Guide","sectionType":"part","heading":"Instruction Guide","content":"# Instruction Guide\n\nThis instruction guide is designed to assist in the completion of the following forms:\n\n(a) Form ARF 111.0.1 Fair Values (Level 1); and\n\n(b) Form ARF 111.0.2 Fair Values (Level 2).\n\nThese forms set out the disclosure of certain information relating to assets and liabilities that are held at fair value by an ADI at Level 1 and Level 2.[\\[2\\]](#_ftn2)\n\nGeneral directions and notes\n\nReporting entity\n\nThe forms are to be completed at Level 1 and Level 2 by all ADIs other than branches of a foreign bank and providers of purchased payment facilities.\n\nIf an ADI is a subsidiary of a NOHC, the report at Level 2 is to be provided by the ADI’s immediate parent NOHC.[\\[3\\]](#_ftn3)\n\nSecuritisation deconsolidation principle\n\nExcept as otherwise specified in these instructions, the following applies:\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;\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; and\n\n(c) the underlying exposures (i.e. the pool) under such a securitisation may be excluded from the calculation of regulatory capital (refer to APS 120). However, the ADI must still hold regulatory capital for the securitisation exposures[\\[4\\]](#_ftn4) that it retains or acquires and such exposures are to be reported in Form ARF 120.0 Standardised – Securitisation (ARF 120.0) or Forms ARF 120.1A to ARF 120.1C IRB – Securitisation (ARF 120.1A, ARF 120.1B and ARF 120.1C) (as appropriate). The risk-weighted assets (RWA) relating to such securitisation exposures must also be reported in Form ARF 110.0 Capital Adequacy.\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 elects to treat the securitised assets as on-balance sheet assets under Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk (APS 112) or Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk (APS 113), such exposures are to be reported as on-balance sheet assets in APRA’s regulatory reporting returns. In addition, these exposures must also be reported as a part of the ADI’s total securitised assets within Form ARF 120.2 Securitisation – Supplementary Items (ARF 120.2).\n\nReporting period and timeframes for lodgement\n\nThe forms are to be completed as at the last day of the stated reporting period (i.e. the relevant quarter). The following table specifies the number of business days after the end of the relevant reporting period within which each class of ADI must submit data to APRA.\n\n| Class of ADI                          | Number of business days |\n| ------------------------------------- | ----------------------- |\n| Bank – Advanced or Applicant Advanced | 30                      |\n| Bank – Standardised                   | 20                      |\n| Building Society                      | 15                      |\n| Credit Union                          | 15                      |\n| SCCI                                  | 15                      |\n| Other ADI[5]                          | 20                      |\n\nAn immediate parent NOHC must submit data to APRA within the same timeframe as its subsidiary ADI.\n\nWhere both ‘Bank – Standardised’ and ‘Bank – Advanced or Applicant Advanced’ reporting requirements and timeframes apply to an ADI\n\nIn the following cases an Australian-owned bank or a foreign subsidiary bank must meet reporting requirements and timeframes applicable to both a ‘Bank – Advanced or Applicant Advanced’ and a ‘Bank – Standardised’:\n\n(a) where the ADI is operating under the standardised approaches to credit and operational risk, but has applied for IRB and AMA approval, in which case the ADI will be both a ‘Bank – Advanced or Applicant Advanced’ and a ‘Bank – Standardised’; and\n\n(b) where the ADI has received IRB and/or AMA approval in respect of most (but not all) of its operations, and has approval for partial use of the standardised approaches to credit and/or operational risk for the remainder of its operations.\n\nSuch an ADI must report under the ARF 111.0.1 and ARF 111.0.2 (the forms) as follows:\n\n| Description of ADI                                                                                                                                                                                                                                                                         | Reporting requirement                                                                                                                                                                                                                                                                                                                                          | Timeframes for lodgement                                                    |\n| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------- |\n| ADI uses the standardised approaches to credit and operational risk, but has applied to adopt IRB and AMA approaches for all its operations                                                                                                                                                | Report under the forms (for purposes of calculating regulatory capital on the basis of the standardised approaches only)                                                                                                                                                                                                                                       | ‘Bank – Standardised’ timeframe (within 20 business days)                   |\n|                                                                                                                                                                                                                                                                                            | Separately report under the forms as if IRB/AMA approval given (for purposes of assessing prospective regulatory capital calculation after IRB/AMA approval (i.e. ‘parallel run’ of data))                                                                                                                                                                     | ‘Bank – Advanced or Applicant Advanced’ timeframe (within 30 business days) |\n| ADI uses the standardised approaches to credit and operational risk but has applied to adopt the IRB and AMA approach for most (but not all) of its operations (or APRA has indicated that it does not propose to grant IRB and/or AMA approval in respect of all of the ADI’s operations) | Report under the forms (for purposes of calculating regulatory capital on the basis of the standardised approaches only)                                                                                                                                                                                                                                       | ‘Bank – Standardised’ timeframe (within 20 business days)                   |\n|                                                                                                                                                                                                                                                                                            | Separately report under the forms as if approval given for IRB/AMA with partial use (for purposes of assessing prospective regulatory capital calculation after IRB/AMA approval (i.e. ‘parallel run’ of data)). (This report must cover both operations that will be under IRB/AMA approaches and operations that will remain under standardised approaches.) | ‘Bank – Advanced or Applicant Advanced’ timeframe (within 30 business days) |\n| ADI has IRB and/or AMA approval, but some operations remain under a Basel II standardised approach                                                                                                                                                                                         | Report under the forms in respect of all operations using the relevant approaches (for purposes of calculating regulatory capital)                                                                                                                                                                                                                             | ‘Bank – Advanced or Applicant Advanced’ timeframe (within 30 business days) |\n\nUnit of measurement\n\nThe form(s) must 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| Bank – Advanced or Applicant Advanced | Millions of dollars rounded to one decimal place |\n| Bank – Standardised                   | Millions of dollars rounded to one decimal place |\n| Building Society                      | Whole dollars with no decimal place              |\n| Credit Union                          | Whole dollars with no decimal place              |\n| SCCI                                  | Whole dollars with no decimal place              |\n| Other ADI                             | Whole dollars with no decimal place              |\n\nAn immediate parent NOHC must complete this form in AUD in accordance with the same units as its subsidiary ADI.\n\nAmounts denominated in foreign currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).\n\nBasis of preparation\n\nUnless otherwise specifically stated, ADIs are to comply with Australian Accounting Standards regarding the measurement of asset, liability and equity items.\n\nImplementation\n\nADIs are to complete the form(s) on a best endeavours basis until AASB 13 is applied to annual reporting periods beginning on or after 1 January 2013.\n\nSpecific instructions\n\nThe following instructions are applicable at Level 1 and (where relevant) Level 2 reporting consolidation bases.\n\nSECTION A: Assets at fair value\n\n1.  Recurring fair value measurements\n\nRecurring fair value measurements of assets or liabilities are those that Australian Accounting Standards require or permit in the statement of financial position at the end of each reporting period.\n\n1.1 Trading portfolio assets\n\nReport the fair values of all trading portfolio securities representing held for trading financial assets as defined in AASB 139 Financial Instruments (AASB 139), categorised within the relevant level(s) of the fair value hierarchy[\\[6\\]](#_ftn6) in accordance with AASB 13. These trading portfolio financial assets must exclude derivatives which are reported separately below.\n\n1.2 Available-for-sale securities\n\nReport the fair values of available-for-sale securities, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n1.3 Derivative assets\n\nReport the fair values of derivative assets, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n1.4 Investment properties\n\nReport the fair values of investment properties, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n1.5 Other assets at fair value\n\nThis is a derived field which is equal to item 1.6 less the sum of items 1.1 to 1.4.\n\n1.6 Total recurring fair value assets\n\nReport the total fair values of recurring assets which are measured at fair value, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n2. Non-recurring fair value measurements\n\nNon-recurring fair value measurements of assets or liabilities are those that Australian Accounting Standards require or permit in the statement of financial position in particular circumstances (e.g. when an entity measures an asset held for sale at fair value less costs to sell in accordance with AASB 5 Non-current Assets Held for Sale and Discontinued Operations (AASB 5) because the asset’s fair value less costs to sell is lower than its carrying amount).\n\n    2.1 Assets held for sale\n\nReport the fair values of all assets held for sale that are measured at fair value in accordance with AASB 5, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n    2.2 Other non-recurring fair value assets\n\nThis is a derived field which is equal to item 2.3 less item 2.1 above.\n\n    2.3 Total non-recurring fair value assets\n\nReport the total fair values of non-recurring assets which are measured at fair value, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n3. Total assets at fair value\n\nDerived field calculated as the sum of items 1.6 and 2.3.\n\n4. Unrealised gains/(losses) on assets (including derivative liabilities)\n\nSum all the unrealised fair value gains on assets separately from the sum of unrealised fair value losses on assets. Please report the gross gains in item 4.1 and/or 4.3; and the gross losses in item 4.2 and/or 4.4 accordingly. That is, there should not be any netting of gains and losses for this reporting form.\n\nReport the unrealised fair value gains or losses on derivatives (regardless whether they are assets or liabilities as at the end of the reporting period) in this section instead of Section B below. This is because a derivative can be an asset (i.e. ‘in the money’) in one reporting period and that same derivative a liability (i.e. ‘out of the money’) in another reporting period.\n\nCumulative unrealised gains or losses should reflect the unrealised gains or losses of the assets on the balance sheet as at the reporting date.\n\n    4.1 Cumulative gross recurring unrealised gains through P&L for assets held at the end of the reporting period (including derivative liabilities)\n\nReport the cumulative total gross recurring unrealised gains included in profit and loss (and reflected as part of retained earnings) for assets held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the gains as a positive number in each box.\n\n    4.2 Cumulative gross recurring unrealised losses through P&L for assets held at the end of the reporting period (including derivative liabilities)\n\nReport the cumulative total gross recurring unrealised losses included in profit and loss (and reflected as part of retained earnings) for assets held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the losses as a negative number in each box.\n\n    4.3 Cumulative gross recurring unrealised gains through OCI for assets held at the end of the reporting period (including derivative liabilities)\n\n    Report the cumulative total gross recurring unrealised gains included in other comprehensive income (and reflected as part of accumulated other comprehensive income) for assets held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the gains as a positive number in each box.\n\n    4.4 Cumulative gross recurring unrealised losses through OCI for assets held at the end of the reporting period (including derivative liabilities)\n\nReport the cumulative total gross recurring unrealised losses included in other comprehensive income (and reflected as part of accumulated other comprehensive income) for assets held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the losses as a negative number in each box.\n\n5. Total unrealised gains/(losses) on assets (including derivative liabilities)\n\nDerived field calculated as the sum of items 4.1 to 4.4.\n\n6. Transfers between levels in fair value hierarchy\n\n    6.1 Transfers into Level 1 fair value hierarchy\n\nReport any transfers of assets from Level 2 or Level 3 into Level 1 of the fair value hierarchy during the reporting period in the relevant boxes.\n\n    6.2 Transfers into Level 2 fair value hierarchy\n\nReport any transfers of assets from Level 1 or Level 3 into Level 2 of the fair value hierarchy during the reporting period in the relevant boxes.\n\n    6.3 Transfers into Level 3 fair value hierarchy\n\nReport any transfers of assets from Level 1 or Level 2 into Level 3 of the fair value hierarchy during the reporting period in the relevant boxes.\n\nSECTION B: Liabilities at fair value\n\n    1 Recurring fair value measurements\n\n    1.1 Trading portfolio liabilities\n\nReport the fair values of all trading portfolio securities, representing held for trading financial liabilities as defined in AASB 139, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13. These trading portfolio financial liabilities must exclude derivatives which are reported separately below.\n\n    1.2 Derivative liabilities\n\nReport the fair values of derivative liabilities, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n    1.3 Other liabilities at fair value\n\nThis is a derived field which is equal to item 1.4 less the sum of items 1.1 and 1.2.\n\n    1.4 Total recurring fair value liabilities\n\nReport the fair values of total recurring liabilities which are measured at fair value, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n    2 Other non-recurring fair value measurements\n\n    2.1 Total non-recurring fair value liabilities\n\nReport the total fair value of any non-recurring liabilities which are measured at fair value, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\n    3 Total liabilities at fair value\n\nDerived field calculated as the sum of items 1.4 and 2.1.\n\n4 Unrealised gains/(losses) on liabilities (excluding derivatives)\n\nSum all the unrealised fair value gains on liabilities separately from the sum of unrealised fair value losses on liabilities. Report the gross gains in item 4.1 and/or 4.3 and the gross losses in item 4.2 and/or 4.4 accordingly. That is, there should not be any netting of gains and losses for this reporting form.\n\nExclude all unrealised gains or losses on derivatives which should be reported in Item 4 of Section A.\n\nCumulative unrealised gains or losses should reflect the unrealised gains or losses of the liabilities on the balance sheet as at the reporting date.\n\n    4.1 Cumulative gross recurring unrealised gains through P&L for liabilities held at the end of the reporting period (excluding derivatives)\n\nReport the cumulative total gross recurring unrealised gains included in profit and loss (and reflected as part of retained earnings) for liabilities held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the gains as a positive number in each box.\n\n    4.2 Cumulative gross recurring unrealised losses through P&L for liabilities held at the end of the reporting period (excluding derivatives)\n\nReport the cumulative total gross recurring unrealised losses included in profit and loss (and reflected as part of retained earnings) for liabilities held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nPlease input the losses as a negative number in each box.\n\n    4.3 Cumulative gross recurring unrealised gains through OCI for liabilities held at the end of the reporting period (excluding derivatives)\n\nReport the cumulative total gross recurring unrealised gains included in other comprehensive income (and reflected as part of accumulated other comprehensive income) for liabilities held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the gains as a positive number in each box.\n\n    4.4 Cumulative gross recurring unrealised losses through OCI for liabilities held at the end of the reporting period (excluding derivatives)\n\nReport the cumulative total gross recurring unrealised losses included in other comprehensive income (and reflected as part of accumulated other comprehensive income) for liabilities held at the end of the reporting period, categorised within the relevant level(s) of the fair value hierarchy in accordance with AASB 13.\n\nInput the losses as a negative number in each box.\n\n5 Total unrealised gains/(losses) on liabilities (excluding derivatives)\n\nDerived field calculated as the sum of items 4.1 to 4.4.\n\n6 Transfers between levels in fair value hierarchy\n\n    6.1 Transfers into Level 1 fair value hierarchy\n\nReport any transfers of liabilities from Level 2 or Level 3 into Level 1 of the fair value hierarchy during the reporting period in the relevant boxes.\n\n    6.2 Transfers into Level 2 fair value hierarchy\n\nReport any transfers of liabilities from Level 1 or Level 3 into Level 2 of the fair value hierarchy during the reporting period in the relevant boxes.\n\n6.3 Transfers into Level 3 fair value hierarchy\n\nReport any transfers of liabilities from Level 1 or Level 2 into Level 3 of the fair value hierarchy during the reporting period in the relevant boxes.","sortOrder":14}],"analysis":{"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The text itself does not state an expansion or narrowing of the classes of entities required to report; it replaces a previous reporting standard but contains transitional rules to continue reporting under the old standard for certain periods (para 16). Applicability remains focused on ADIs excluding branches of foreign banks and providers of purchased payment facilities, with Level 2/NOHC exceptions and APRA power to reclassify an ADI (paras 3-5, 18). Any substantive scope change would be evident only by comparing the revoked prior standard, which is not provided here."},"complexity_factors":["Multiple reporting consolidation layers (Level 1 and Level 2) and special handling where an ADI is a subsidiary of an authorised NOHC (paras 4-5)","Frequent cross-references to external prudential standards and accounting standards (APS 110, APS 111, APS 120, AASB 13, AASB 121) which affect measurement and scope (Intro, para 2; paras 11; Instruction Guide)","Class-based, differential deadlines and units of measurement for lodgement (table in para 9; Instruction Guide unit table)","Mandatory electronic submission via D2A with digital-signature requirements and APRA-issued certificates (paras 6 and 13)","External auditor review and testing requirement once AASB 13 applies, plus internal controls and board responsibility for authorisation (paras 11-12)","Securitisation deconsolidation principles and interaction with other ARF forms and capital reporting (Instruction Guide securitisation section)","Derived fields and non-netting presentation requirements (Sections A and B, items such as 1.5, 2.2, and Items 4.x requiring gross gains and losses)","APRA discretion to vary reporting frequency for a particular ADI and to make minor variations to forms/instructions (para 8; paras 14-15)","Transitional rules requiring reporting under the revoked (old) standard for certain reporting periods, adding temporal complexity (para 16)"],"plain_english_summary":"This Reporting Standard requires authorised deposit-taking institutions (ADIs), other than branches of foreign banks and providers of purchased payment facilities, to submit quarterly electronic data to APRA about assets and liabilities measured at fair value using Form ARF 111.0 and the D2A system. APRA says it will use the data for prudential supervision and to assess capital adequacy (APS 110/111). Firms must maintain auditor-reviewed controls, meet class-based lodgement deadlines, and follow AASB 13 for valuation and presentation."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2701},"content_quality":"ok","complexity_score":6,"scope_assessment":{"changed":false,"description":"The instrument maintains its original focus on collecting fair value measurement data from ADIs for prudential supervision purposes. While it contains detailed technical specifications and references multiple external standards, it has not expanded beyond its core objective of monitoring capital adequacy through fair value reporting."},"complexity_factors":["18 defined terms in the interpretation section, many referencing external legislation (Banking Act 1959, Corporations Act 2001, Financial Sector Shareholdings Act 1998) and prudential standards","Extensive cross-referencing to 7+ other prudential standards (APS 001, APS 110, APS 111, APS 112, APS 113, APS 120) and accounting standards (AASB 5, AASB 121, AASB 139, AASB 13)","Tiered reporting structure requiring separate submissions for Level 1 (individual entity) and Level 2 (consolidated group), with specific rules for non-operating holding companies substituting for subsidiaries","Eight distinct classes of ADIs with conditional reporting timeframes (15, 20 or 30 business days) and different measurement units (millions vs whole dollars)","Complex fair value hierarchy (Levels 1, 2 and 3) requiring categorisation of financial instruments by the reliability of their valuation inputs","Parallel reporting requirements for banks transitioning between standardised and advanced capital adequacy approaches (IRB/AMA)","Specific securitisation deconsolidation rules that override normal accounting consolidation for regulatory purposes","Transitional provisions governing overlap with previous reporting standards and revocation clauses"],"plain_english_summary":"This standard requires Australian-incorporated ADIs (banks, building societies, credit unions, and some parent holding companies) to report detailed, quarterly information to APRA on how they value assets and liabilities at fair value, including breakdowns by measurement reliability (Level 1/2/3) and unrealised gains or losses. The data supports APRA’s monitoring of financial stability and capital adequacy and informs other agencies about emerging market‑valuation risks."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2012/documents"}}