Financial Sector (Collection of Data) determination No. 72 of 2005
Objective of this reporting standardObjective of this reporting standard
Start here
Get a plain-English read of Objective of this reporting standard
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 72 of 2005.
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It applies to certain authorised deposit-taking institutions (ADIs) that apply the standardised provisioning methodology referred to in paragraph 11 of Prudential Standard APS 220 Credit Quality and described in Guidance Note AGN 220.3 Prescribed Provisioning to determine their level of specific provisions. This reporting standard requires those ADIs to report to APRA, generally on a quarterly basis, in relation to their prescribed provisioning.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
- the versions of Form ARF 220.3 Prescribed Provisioning (Form ARF 220.3) designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the associated instructions (all of which are attached and form part of this reporting standard); and
- Prudential Standard APS 220 Credit Quality and Guidance Note AGN 220.3 Prescribed Provisioning.