Commonwealth legislation

Financial Sector (Collection of Data) exemption No. 2 of 2016

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument, signed by an APRA delegate, exempts financial sector entities subject to Reporting Standard SRS 703.0 from the obligation in paragraph 7(b) of SRS 703.0 to provide the data for 30 June 2016. It commences on registration. It affects entities defined under the Financial Sector (Collection of Data) Act by temporarily removing a single reporting requirement for that reporting date, reducing compliance burden for affected entities while removing that discrete data point from APRA’s collected dataset.

JSON API

Deep dive

Want the full deep dive?

Zoe can write the in-depth analysis on top of the summary above: how it works, who it affects and what each part actually does.

Current sections

Direct links to the current provisions in Financial Sector (Collection of Data) exemption No. 2 of 2016.

Financial Sector (Collection of Data) exemption No. 2 of 2016

View image in the official source

Financial Sector (Collection of Data) exemption No. 2 of 2016

Reporting Standard SRS 703.0 Fees Disclosed

Financial Sector (Collection of Data) Act 2001

I, Steve Davies, delegate of APRA, under paragraph 16(1B)(b) of the Financial Sector (Collection of Data) Act 2001 (the Act), EXEMPT those financial sector entities to which SRS 703.0 applies from the requirement specified in the Schedule attached to this instrument.

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 23 August 2016

[Signed]

Steve Davies

General Manager

Statistics Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given by section 5 of the Act.

SRS 703.0 means Reporting Standard SRS 703.0 Fees Disclosed determined by APRA on 5 December 2013 by Financial Sector (Collection of Data) (reporting standard) determination No. 100 of 2013.

Schedule

The requirement in paragraph 7(b) of SRS 703.0 to provide the information required by SRS 703.0 in respect of 30 June 2016.

Note: The reporting forms and the associated instruction guides form part of the reporting standards.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Financial Sector (Collection of Data) exemption No. 2 of 2016

Financial Sector (Collection of Data) exemption No. 2 of 2016

Reporting Standard SRS 703.0 Fees Disclosed

Financial Sector (Collection of Data) Act 2001

This instrument commences upon registration on the Federal Register of Legislation.

Dated: 23 August 2016

[Signed]

Steve Davies

General Manager

Statistics Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given by section 5 of the Act.

SRS 703.0 means Reporting Standard SRS 703.0 Fees Disclosed determined by APRA on 5 December 2013 by Financial Sector (Collection of Data) (reporting standard) determination No. 100 of 2013.

Schedule

The requirement in paragraph 7(b) of SRS 703.0 to provide the information required by SRS 703.0 in respect of 30 June 2016.

Note: The reporting forms and the associated instruction guides form part of the reporting standards.