Part B — ADIs own investment in commerciPart B — ADIs own investment in commercial property

Part B – ADIs own investment in commercial property

An ADI’s own investment in commercial property (such as equity investments or purchases of units in trusts) should be included in this section of the form. Property held for the ADI’s own use should not be included.

Report the total current carrying value of investments in commercial property (such as equity investments and purchases of units in trusts), that exceed AUD $250 000 for bank ADIs, or the total for non-bank ADIs. Do not include property held for the ADI’s own use. Investments in Australia and overseas should be reported separately.

Report the value of all commercial property exposures written off against provisions, Asset Revaluation Reserves or profits during the reporting period. Write-offs in Australia and overseas are required to be reported separately.

Note on References to Accounting Standards

This Note is about references in these instructions to an accounting standard or accounting standards, e.g. where the instructions say that something must be done in accordance with a particular AASB or international accounting standard, or must be done in accordance with the accounting standards (however described) generally.

Where you see such a reference, you must read it as meaning the version of the accounting standard, or versions of the accounting standards, applying to reporting periods (within the meaning of the accounting standards) beginning immediately before 1 January 2005.

Accordingly, the new AASB standards for 2005 are not to be applied.

Similarly, a reference to principles or conventions (however described) governing an accounting procedure or treatment shall be taken to refer to principles or conventions applicable in relation to reporting periods (within the meaning of the accounting standards) that began immediately before 1 January 2005.