{"id":"F2026L00019","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2026","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":107613,"registerId":"commonwealth-F2026L00019-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2026","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 6 of 2026\n\nRevocation of Reporting Standard SRS 721.0 ABS Securities Subject to Repurchase and Resale and Stock Lending and Borrowing\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901, revoke Financial Sector (Collection of Data) (reporting standard) determination No. 43 of 2015, including Reporting Standard SRS 721.0 ABS Securities Subject to Repurchase and Resale and Stock Lending and Borrowing made under that determination.\n\nUnder section 15 of the Act, I DECLARE that the revoked reporting standard shall cease to apply on the day after this instrument is registered on the Federal Register of Legislation.\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation.\n\nDated: 13 January 2026\n\nAndrew Robertson\n\nGeneral Manager – Chief Data Officer\n\nTechnology and Data Division\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nFederal Register of Legislation means the register established under section 15A of the Legislation Act 2003.","sortOrder":0}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"This Determination reduces the regulatory scope by revoking Reporting Standard SRS 721.0 (Financial Sector (Collection of Data) (reporting standard) determination No. 43 of 2015). Under section 15 the revoked standard \"shall cease to apply\" the day after registration, so entities previously required to report under SRS 721.0 no longer have that specific reporting obligation (revocation and commencement provisions)."},"complexity_factors":["Narrow substantive scope: revocation of a single reporting standard (No. 43 of 2015 / SRS 721.0) rather than broader regulatory reform.","Clear legal authority invoked: paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (instrumenting the revocation).","Explicit commencement timing: instrument and revoked standard cease to apply the day after registration (declared under section 15 of the Act).","Minimal definitions and parties: only APRA and the Federal Register of Legislation are defined in the Determination.","No transitional, savings, or replacement reporting requirements included — creates potential operational gap but no procedural detail to implement change.","Low administrative complexity for drafting and registration, but operational impact depends on entities previously subject to SRS 721.0 (who now lose a specific reporting obligation)."],"plain_english_summary":"This instrument revokes APRA Reporting Standard SRS 721.0 (on ABS securities subject to repurchase/resale and stock lending/borrowing). The obligations created by that standard will cease to apply the day after this instrument is registered on the Federal Register of Legislation.\n\nMade by an APRA delegate and commencing the day after registration, it removes the specific reporting requirement for entities that had been bound by SRS 721.0 and therefore eliminates that particular compliance obligation (see revocation and commencement provisions)."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is a narrow, procedural revocation instrument that operates exactly as intended by the enabling legislation. It does not expand beyond the original purpose of the Financial Sector (Collection of Data) Act 2001, which expressly provides for the making and revocation of reporting standards."},"complexity_factors":["Very short instrument (approximately 200 words)","Only 2 defined terms in the interpretation section","Single operative action (revocation of one prior instrument)","No conditional logic, exceptions, or cross-references to substantive provisions","Straightforward commencement provision tied to registration date"],"plain_english_summary":"This instrument revokes SRS 721.0, the 2015 APRA reporting standard on securities used in repurchase/resale agreements and stock lending/borrowing, removing that specific data‑submission requirement. \n\nIt affects institutions that had to report under SRS 721.0 (banks, insurers, super funds) and APRA’s data collection, reducing a reporting obligation and taking effect the day after registration."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-6-of-2026/documents"}}