Banking (prudential standard) determination No. 11 of 2022
Assets in AustraliaAssets in Australia
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Assets in Australia
- For the purposes of this Prudential Standard, an issuing ADI’s assets in Australia (AIA) should be calculated as the ADI’s total assets on its domestic books as reported on forms ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A) or ARF 720.0B ABS/RBA Statement of Financial Position (Reduced) (ARF 720.0B) under Reporting Standard 720.0 ABS/RBA Statement of Financial Position, adjusted to exclude goodwill, assets in cover pools (and any related loans to a covered bond special purpose vehicle) and double‑counting. That is:
AIA = A – B – C – D – E
where:
A = Total resident assets on the ADI’s domestic books as reported on ARF 720.0A or ARF 720.0B;
B = the value of any goodwill included in A (item 9.3 on ARF 720.0A or ARF 720.0B);
C = the value of any interest in assets (or part of assets) in a cover pool for which the ADI is the issuing ADI and which is included in A;
D = the value of any loan to a covered bond special purpose vehicle that relates to an asset (or part of an asset) in a cover pool for which the ADI is the issuing ADI and which is included in A; and
E = to the extent of any double‑counting, the value of other assets that are effectively double counted when calculating A and not captured by B, C or D.[5]