Licensed ADILicensed ADI

Licensed ADI

This refers to the operations of the reporting ADI on a stand-alone basis

Reporting period

For Locally Incorporated Banks and Foreign ADIs, the form is to be completed for the three months ending the last day of the stated reporting quarter. The completed form should be submitted to APRA within 25 business days after the end of the relevant reporting quarter.

For Special Service Providers, 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 on a financial year-to-date basis of the ADI. Special Service Providers should submit the completed form to APRA within 25 business days after the end of the relevant reporting quarter. Credit Unions, Cairns Penny Savings & Loans Limited, Building Societies and Specialist Credit Card Institutions (SCCIs) should submit the completed form 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:

1. Foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date.
2. Other items outstanding at the reporting date must not be retranslated subsequent to initial recognition of the transaction.

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:

• Where the exchange rate is fixed in the contract, at that fixed exchange rate; and
• Where the exchange rate varies, at the spot rate at the reporting date.

Specific instructions

Wages and salaries including provisions for employee entitlements

Note:

• Refers to gross earnings before taxation and other deductions.
• Report wages and salaries as recorded in this business’ financial or management accounts, including provisions for employee entitlements (i.e. on an accruals basis).
• Report wages and salaries paid in each state/territory in which this business operates.

Include:

• Severances, terminations and redundancies;
• Salaries and fees of directors and executives;
• Retainers and commissions of persons who received a retainer;
• Bonuses; and
• Recreation and other types of leave

Exclude:

• Salary sacrifice (include in relevant expense items);
• Payments to self-employed persons such as consultants, contractors and persons paid solely by commission without a retainer; and
• Payroll and fringe benefits tax.

Employer contributions to superannuation including salary sacrifice

Include:

• All contributions paid or payable (gross of contributions tax) to any superannuation fund during the quarter;
• Contributions made in respect of Award, Superannuation Guarantee and enterprise bargaining agreements; and
• Contributions arising from salary sacrifice agreements.

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.