Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI)
Reporting periods and due datesReporting periods and due dates
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 39 of 2005 - Reporting Standard ARS 323.0 (2005) - Statement of Financial Position (Licensed ADI).
Reporting periods and due dates
- Subject to paragraph 6, a relevant ADI must provide APRA with the information required by this reporting standard in respect of the following reporting periods:
(a) in the case of a relevant ADI that is a Monetary Aggregates Reporter:
(i) each calendar month (including the month during which the ADI became a Monetary Aggregates Reporter); and
(ii) each quarter based on the financial year, within the meaning of the Corporations Act 2001, of the ADI (including the quarter during which the ADI became a Monetary Aggregates Reporter); and
(b) in the case of a relevant ADI that it not a Monetary Aggregates Reporter, each quarter based on the financial year, within the meaning of the Corporations Act 2001, of the ADI.
- APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI to require it to provide the information:
(a) more frequently (if, having regard to the particular circumstances of the ADI, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the ADI); or
(b) less frequently (if, having regard to the particular circumstances of the ADI and the extent to which it requires prudential supervision, APRA considers it is unnecessary to require the ADI to provide the information as frequently as provided by paragraph 5).
- The information required by this reporting standard must be provided to APRA by the following times:
(a) in the case of monthly information referred to in sub-subparagraph 5(a)(i) – 10 business days after the end of the reporting period to which the information relates; and
(b) in the case of quarterly information referred to in sub-subparagraphs 5(a)(ii) and subparagraph 5(b) – 15 business days after the end of the reporting period to which the information relates.
- APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.