Reporting Standard ARS 320.7 (2005)
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Commonwealth legislation
This Act has been repealed and is no longer in force. It is retained for historical reference.
This standard requires authorised deposit‑taking institutions (ADIs) to report deposits and loans by Australian state and territory to APRA on the prescribed ARF 320.7 forms (paras 1–4; Instruction Guide). Banks, special service providers and foreign ADIs report monthly; credit unions, building societies, SCCIs and Cairns Penny report quarterly, although APRA may alter frequencies (paras 6–8). Boards must authorise submissions; electronic returns require digital signatures and paper forms must be signed by the CEO/CFO (paras 10–12). Compliance and data‑classification costs fall on ADIs.
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Direct links to the current provisions in Financial Sector (Collection of Data) determination No. 87 of 2005 - Reporting Standard ARS 320.7 (2005) - Deposits and Loans Classified by State and Territory.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires all authorised deposit-taking institutions (ADIs), including foreign ADIs operating in Australia through branch operations, but excluding specialist credit card institutions that do not engage in credit card issuing activities, to report to APRA in relation to deposits and loans.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
Information required
(a) locally-incorporated bank;
(b) locally-incorporated special service provider; or
(c) foreign ADI (other than a specialist credit card institution)
must provide APRA with the information required by Form ARF 320.7 on a ‘Domestic Books’ basis for each relevant reporting period.
(a) a locally-incorporated credit union;
(b) a locally-incorporated building society;
(c) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(d) Cairns Penny Savings & Loans Limited
must provide APRA with the information required by Form ARF 320.7 on a ‘Licensed ADI’ basis for each relevant reporting period.
(a) in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b) manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
(a) an ADI that is a:
(i) locally-incorporated bank;
(ii) locally-incorporated special service provider; or
(iii) foreign ADI (other than a specialist credit card institution)
must provide the information required by this reporting standard for each calendar month; and
(b) an ADI that is:
(i) a locally-incorporated credit union;
(ii) a locally-incorporated building society;
(iii) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(iv) Cairns Penny Savings & Loans Limited
must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
(a) the particular circumstances of the ADI;
(b) the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
(a) in the case of information required by paragraph 3 from a locally-incorporated bank, locally-incorporated special service provider or foreign ADI (other than a specialist credit card institution) – 10 business days after the end of the relevant reporting period to which the information relates; and
(b) in the case of information required by paragraph 4 from a locally-incorporated credit union, locally-incorporated building society, specialist credit card institution that conducts issuing activities (whether locally-incorporated or not) or Cairns Penny Savings & Loans Limited – 15 business days after the end of the relevant reporting period to which the information relates.
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:
(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (whatever his or her official title may be).
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation - classifications of ADIs
15.16.In this reporting standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
ADI list means the attached ADI list.
building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.
credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.
foreign ADI means an ADI that is not incorporated in Australia.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
specialist credit card institution means an ADI whose name appears under the heading ‘Specialist Credit Card Institutions (SCCIs)’ in the ADI list.
16.17.If an ADI is not in the ADI list, then:
(a) if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard;
(b) if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated building society for the purposes of this reporting standard;
(c) if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated credit union for the purposes of this reporting standard; and
(d) if the ADI engages in credit card issuing or credit card acquiring, or both, and does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959, it is taken to be a specialist credit card institution for the purposes of this reporting standard.
17.18.APRA may in writing determine that an ADI is taken to be a locally-incorporated bank, locally-incorporated building society, locally-incorporated credit union, locally-incorporated special service provider or specialist credit card institution for the purposes of this reporting standard (even if, under paragraph 16 or 17, it comes within a different classification).
Interpretation - other definitions
18.19.In this reporting standard:
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.
relevant reporting period, in relation to an ADI, means the period in paragraph 6 in respect of which that kind of ADI must provide information under this reporting standard or, if applicable, the period under paragraph 7 for that ADI.
The ADI list
Foreign-owned SCCIs
Locally Incorporated SCCIs
These companies are run by industry bodies and provide services (e.g. payments clearing) to member building societies and credit unions.
One ADI that provides general banking services which does not fall into the other categories.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires all authorised deposit-taking institutions (ADIs), including foreign ADIs operating in Australia through branch operations, but excluding specialist credit card institutions that do not engage in credit card issuing activities, to report to APRA in relation to deposits and loans.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
Information required
(a) locally-incorporated bank;
(b) locally-incorporated special service provider; or
(c) foreign ADI (other than a specialist credit card institution)
must provide APRA with the information required by Form ARF 320.7 on a ‘Domestic Books’ basis for each relevant reporting period.
(a) a locally-incorporated credit union;
(b) a locally-incorporated building society;
(c) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(d) Cairns Penny Savings & Loans Limited
must provide APRA with the information required by Form ARF 320.7 on a ‘Licensed ADI’ basis for each relevant reporting period.
(a) in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b) manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
(a) an ADI that is a:
(i) locally-incorporated bank;
(ii) locally-incorporated special service provider; or
(iii) foreign ADI (other than a specialist credit card institution)
must provide the information required by this reporting standard for each calendar month; and
(b) an ADI that is:
(i) a locally-incorporated credit union;
(ii) a locally-incorporated building society;
(iii) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(iv) Cairns Penny Savings & Loans Limited
must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
(a) the particular circumstances of the ADI;
(b) the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
(a) in the case of information required by paragraph 3 from a locally-incorporated bank, locally-incorporated special service provider or foreign ADI (other than a specialist credit card institution) – 10 business days after the end of the relevant reporting period to which the information relates; and
(b) in the case of information required by paragraph 4 from a locally-incorporated credit union, locally-incorporated building society, specialist credit card institution that conducts issuing activities (whether locally-incorporated or not) or Cairns Penny Savings & Loans Limited – 15 business days after the end of the relevant reporting period to which the information relates.
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:
(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (whatever his or her official title may be).
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation - classifications of ADIs
15.16.In this reporting standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
ADI list means the attached ADI list.
building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.
credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.
foreign ADI means an ADI that is not incorporated in Australia.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
specialist credit card institution means an ADI whose name appears under the heading ‘Specialist Credit Card Institutions (SCCIs)’ in the ADI list.
16.17.If an ADI is not in the ADI list, then:
(a) if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard;
(b) if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated building society for the purposes of this reporting standard;
(c) if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated credit union for the purposes of this reporting standard; and
(d) if the ADI engages in credit card issuing or credit card acquiring, or both, and does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959, it is taken to be a specialist credit card institution for the purposes of this reporting standard.
17.18.APRA may in writing determine that an ADI is taken to be a locally-incorporated bank, locally-incorporated building society, locally-incorporated credit union, locally-incorporated special service provider or specialist credit card institution for the purposes of this reporting standard (even if, under paragraph 16 or 17, it comes within a different classification).
Interpretation - other definitions
18.19.In this reporting standard:
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.
relevant reporting period, in relation to an ADI, means the period in paragraph 6 in respect of which that kind of ADI must provide information under this reporting standard or, if applicable, the period under paragraph 7 for that ADI.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires all authorised deposit-taking institutions (ADIs), including foreign ADIs operating in Australia through branch operations, but excluding specialist credit card institutions that do not engage in credit card issuing activities, to report to APRA in relation to deposits and loans.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
Information required
(a) locally-incorporated bank;
(b) locally-incorporated special service provider; or
(c) foreign ADI (other than a specialist credit card institution)
must provide APRA with the information required by Form ARF 320.7 on a ‘Domestic Books’ basis for each relevant reporting period.
(a) a locally-incorporated credit union;
(b) a locally-incorporated building society;
(c) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(d) Cairns Penny Savings & Loans Limited
must provide APRA with the information required by Form ARF 320.7 on a ‘Licensed ADI’ basis for each relevant reporting period.
(a) in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b) manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
(a) an ADI that is a:
(i) locally-incorporated bank;
(ii) locally-incorporated special service provider; or
(iii) foreign ADI (other than a specialist credit card institution)
must provide the information required by this reporting standard for each calendar month; and
(b) an ADI that is:
(i) a locally-incorporated credit union;
(ii) a locally-incorporated building society;
(iii) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(iv) Cairns Penny Savings & Loans Limited
must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
(a) the particular circumstances of the ADI;
(b) the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
(a) in the case of information required by paragraph 3 from a locally-incorporated bank, locally-incorporated special service provider or foreign ADI (other than a specialist credit card institution) – 10 business days after the end of the relevant reporting period to which the information relates; and
(b) in the case of information required by paragraph 4 from a locally-incorporated credit union, locally-incorporated building society, specialist credit card institution that conducts issuing activities (whether locally-incorporated or not) or Cairns Penny Savings & Loans Limited – 15 business days after the end of the relevant reporting period to which the information relates.
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:
(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (whatever his or her official title may be).
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation - classifications of ADIs
15.16.In this reporting standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
ADI list means the attached ADI list.
building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.
credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.
foreign ADI means an ADI that is not incorporated in Australia.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
specialist credit card institution means an ADI whose name appears under the heading ‘Specialist Credit Card Institutions (SCCIs)’ in the ADI list.
16.17.If an ADI is not in the ADI list, then:
(a) if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard;
(b) if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated building society for the purposes of this reporting standard;
(c) if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated credit union for the purposes of this reporting standard; and
(d) if the ADI engages in credit card issuing or credit card acquiring, or both, and does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959, it is taken to be a specialist credit card institution for the purposes of this reporting standard.
17.18.APRA may in writing determine that an ADI is taken to be a locally-incorporated bank, locally-incorporated building society, locally-incorporated credit union, locally-incorporated special service provider or specialist credit card institution for the purposes of this reporting standard (even if, under paragraph 16 or 17, it comes within a different classification).
Interpretation - other definitions
18.19.In this reporting standard:
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.
relevant reporting period, in relation to an ADI, means the period in paragraph 6 in respect of which that kind of ADI must provide information under this reporting standard or, if applicable, the period under paragraph 7 for that ADI.
The ADI list
Foreign-owned SCCIs
Locally Incorporated SCCIs
These companies are run by industry bodies and provide services (e.g. payments clearing) to member building societies and credit unions.
One ADI that provides general banking services which does not fall into the other categories.
Foreign-owned SCCIs
Locally Incorporated SCCIs
These companies are run by industry bodies and provide services (e.g. payments clearing) to member building societies and credit unions.
One ADI that provides general banking services which does not fall into the other categories.
General directions and notes
Reporting entity
The Deposits and Loans Classified by State and Territory form is to be completed by all locally incorporated banks, Foreign ADIs and Special Service Providers on a Domestic Books basis.
The Domestic books of all locally incorporated ADIs and Foreign ADIs relates to the Australian books of the Australian ADI and has the following scope:
Note: For this form only the Domestic Books reporting entity excludes transactions with non-residents.
The Deposits and Loans Classified by State and Territory form should be completed by all Credit Unions, Cairns Penny Savings & Loans Limited, Building Societies and Specialist Credit Card Institutions (SCCIs) on a licensed ADI basis. Specialist Credit Card Institutions (SCCIs) that operate as branches in Australia are required to complete this form for the Australian branch only.
Note: Specialist Credit Card Institutions (SCCIs) that engage only in credit card acquiring activities are not required to complete this form.
This refers to the operations of the reporting ADI on a stand-alone basis.
Reporting period
For Locally incorporated banks, Foreign ADIs and Special Service Providers, the form is to be completed as at the last day of the reporting month. The completed form should be submitted to APRA within 10 business days after the end of the relevant reporting month.
For Credit Unions, Cairns Penny Savings & Loans Limited, Building Societies and Specialist Credit Card Institutions (SCCIs), the form is to be completed as at the last day of the stated reporting quarter (i.e. September and December, March, June). The completed form should be submitted to APRA within 15 business days after the end of the relevant reporting quarter.
Unit of measurement
Banks are asked to complete the form in millions of Australian dollars rounded to one decimal place. Special Service Providers, Building Societies, Credit Unions, Specialist Credit Card Institutions (SCCIs) and Cairns Penny Savings & Loans Limited are asked to complete the form in whole Australian dollars (no decimal place).
Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 1012 ‘Foreign Currency Translation’.
The general requirements of AASB 1012 for translation are:
Monetary items are defined to mean money held and assets and liabilities that are to be received or paid in fixed or determinable amounts of money.
Monetary items arising under foreign currency derivative contracts at the reporting date must be translated as follows:
Netting
Unless otherwise specifically stated, institutions are to comply with the prerequisite for netting outlined in Australian accounting standards AASB 1014 ‘Set-off and Extinguishment of Debt’ and AASB 1033 ‘Presentation and Disclosure of Financial Instruments’.
Unless otherwise specifically stated, institutions are to comply with Australian accounting standards regarding the measurement of asset, liability and equity items.
Specific instructions
Deposits
Deposits should be classified to the state or territory where the depositor is domiciled in Australia.
Retail deposits
Demand deposits – at call deposits that are redeemable or withdrawable on demand. For SCCIs, report all incidental credit balances on credit card accounts within this item (i.e. credit balances arising in the normal course of the SCCI’s credit card operations, such as prepayments by or refunds to credit card holders).
Other – all other retail deposits other than demand deposits.
Other deposits
Report all other deposits not included above (i.e. wholesale deposits).
Loans
Housing loans (Including revolving credit or redraw facilities that are exclusively or predominately for purpose of housing)
Report the total value of housing loans
Note: Classify secured loans to the state or territory where the security is held. Classify unsecured loans to the state or territory where the borrower is domiciled in Australia.
Personal loans
Report the total value of personal loans
Note: Classify secured loans to the state or territory where the security is held. Classify unsecured loans to the state or territory where the borrower is domiciled in Australia.
All other loans to non-financial sector
Report the value of all other loans to the non-financial sector including:
Reference for interpretation/definition of Non-financial sector should be made to the instruction provided for ARF 320.0 Statement of Financial Position (Domestic Books) – Sector Definitions.
Note: Classify secured loans to the state or territory where the security is held. Classify unsecured loans to the state or territory where the borrower is domiciled in Australia.
Definition of State/Territory
Other territories
Include
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.
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires all authorised deposit-taking institutions (ADIs), including foreign ADIs operating in Australia through branch operations, but excluding specialist credit card institutions that do not engage in credit card issuing activities, to report to APRA in relation to deposits and loans.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with:
Information required
(a) locally-incorporated bank;
(b) locally-incorporated special service provider; or
(c) foreign ADI (other than a specialist credit card institution)
must provide APRA with the information required by Form ARF 320.7 on a ‘Domestic Books’ basis for each relevant reporting period.
(a) a locally-incorporated credit union;
(b) a locally-incorporated building society;
(c) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(d) Cairns Penny Savings & Loans Limited
must provide APRA with the information required by Form ARF 320.7 on a ‘Licensed ADI’ basis for each relevant reporting period.
(a) in electronic form, using one of the electronic submission mechanisms provided by the ‘Direct to APRA’ (also known as ‘D2A’) application; or
(b) manually completed on paper, which must be faxed or mailed to APRA’s head office.
Note: the Direct to APRA application software and paper forms may be obtained from APRA.
Reporting periods and due dates
(a) an ADI that is a:
(i) locally-incorporated bank;
(ii) locally-incorporated special service provider; or
(iii) foreign ADI (other than a specialist credit card institution)
must provide the information required by this reporting standard for each calendar month; and
(b) an ADI that is:
(i) a locally-incorporated credit union;
(ii) a locally-incorporated building society;
(iii) specialist credit card institution that conducts issuing activities (whether locally-incorporated or not); or
(iv) Cairns Penny Savings & Loans Limited
must provide the information required by this reporting standard for each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
(a) the particular circumstances of the ADI;
(b) the extent to which the information is required for the purposes of the prudential supervision of the ADI; and
(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
(a) in the case of information required by paragraph 3 from a locally-incorporated bank, locally-incorporated special service provider or foreign ADI (other than a specialist credit card institution) – 10 business days after the end of the relevant reporting period to which the information relates; and
(b) in the case of information required by paragraph 4 from a locally-incorporated credit union, locally-incorporated building society, specialist credit card institution that conducts issuing activities (whether locally-incorporated or not) or Cairns Penny Savings & Loans Limited – 15 business days after the end of the relevant reporting period to which the information relates.
All information provided by an ADI under this reporting standard must be subject to processes and controls developed by the ADI for the internal review and authorisation of that information. It is the responsibility of the board and senior management of the ADI to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.
If an ADI submits information under this reporting standard using the ‘Direct to APRA’ software, it will be necessary for an officer of the ADI to digitally sign, authorise and encrypt the relevant data. For this purpose, APRA’s certificate authority will issue ‘digital certificates’, for use with the software, to officers of the ADI who have authority from the ADI to transmit the data to APRA.
If information under this reporting standard is provided in paper form, it must be signed on the front page of the relevant completed form by either:
(a) the Principal Executive Officer of the ADI; or
(b) the Chief Financial Officer of the ADI (whatever his or her official title may be).
(a) a form that is part of this reporting standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
Transitional
Interpretation - classifications of ADIs
15.16.In this reporting standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
ADI list means the attached ADI list.
building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.
credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.
foreign ADI means an ADI that is not incorporated in Australia.
locally-incorporated means incorporated in Australia.
locally-incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.
special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).
specialist credit card institution means an ADI whose name appears under the heading ‘Specialist Credit Card Institutions (SCCIs)’ in the ADI list.
16.17.If an ADI is not in the ADI list, then:
(a) if the ADI assumes or uses the word ‘bank’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated bank for the purposes of this reporting standard;
(b) if the ADI assumes or uses the expression ‘building society’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated building society for the purposes of this reporting standard;
(c) if the ADI assumes or uses the expression ‘credit union’, ‘credit society’ or ‘credit co-operative’ in relation to its financial business, and is locally-incorporated, it is taken to be a locally-incorporated credit union for the purposes of this reporting standard; and
(d) if the ADI engages in credit card issuing or credit card acquiring, or both, and does not otherwise carry on banking business within the meaning of section 5 of the Banking Act 1959, it is taken to be a specialist credit card institution for the purposes of this reporting standard.
17.18.APRA may in writing determine that an ADI is taken to be a locally-incorporated bank, locally-incorporated building society, locally-incorporated credit union, locally-incorporated special service provider or specialist credit card institution for the purposes of this reporting standard (even if, under paragraph 16 or 17, it comes within a different classification).
Interpretation - other definitions
18.19.In this reporting standard:
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
Principal Executive Officer means the principal executive officer of the ADI for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.
relevant reporting period, in relation to an ADI, means the period in paragraph 6 in respect of which that kind of ADI must provide information under this reporting standard or, if applicable, the period under paragraph 7 for that ADI.
The ADI list
This is an opening excerpt, not the complete document.