6Statements of assets and liabilities

6 Statements of assets and liabilities

(1) For the purposes of paragraph 51 (1) (a) of the Act, an ADI must prepare a statement of assets and liabilities on its Australian books in accordance with the form in Schedule 3.

(2) The statement of assets and liabilities:

(a) is to be prepared as at the close of business on the last day of each month; and

(b) is to be given to APRA not later than 14 days after the last day of that month; and

(c) is not to contain contingent assets or liabilities.

(3) An account between the head office of an ADI and a branch of the ADI, or between different branches of the ADI, is not to be regarded as an asset or a liability.