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Loans

Aus25.8 The details required by paragraph Aus25.8.1 shall be disclosed separately in respect of each aggregate of loans made, guaranteed or secured, directly or indirectly, by the disclosing entity and any of its subsidiaries to:

(a) all key management personnel, including their related parties (as referred to in (e) and (f) of the related party definition); and

(b) each key management person, including their related parties (as referred to in (e) and (f) of the related party definition) by name whose aggregate loan amount exceeded $100,000 at any time during the reporting period.

Aus25.8.1 In respect of each aggregate of loans to key management personnel and to each key management person as required by paragraph Aus25.8, the following details shall be disclosed:

(a) the amount outstanding at the start of the reporting period;

(b) the amount of interest paid and payable in respect of the reporting period to the disclosing entity and any of its subsidiaries;

(c) the difference between the amount disclosed in accordance with subparagraph (b) above and the amount of interest that would have been charged on an arm’s-length basis;

(d) each write-down and each allowance for doubtful receivables recognised by the disclosing entity and any of its subsidiaries;

(e) the amount outstanding at the end of the reporting period;

(f) for each key management person only, the highest amount of indebtedness during the reporting period;

(g) for key management personnel only, the number of persons included in the group aggregate at the end of the reporting period; and

(h) a summary of the terms and conditions of the loans.

Aus25.8.2 For the purposes of paragraphs Aus25.8 and Aus25.8.1 loans do not include loans involved in transactions that are in substance options, including non-recourse loans.