Financial Sector (Collection of Data) (reporting standard) determination No. 25 of 2006 - Reporting Standard ARS 320.9 - Intra-Group Receivables and Payables
Objective of this reporting standardObjective of this reporting standard
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 25 of 2006 - Reporting Standard ARS 320.9 - Intra-Group Receivables and Payables.
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It requires all locally-incorporated banks and foreign authorised deposit-taking institutions (other than specialist credit card institutions) to report (on a domestic books basis) to APRA, generally on a quarterly basis, in relation to intra-group receivables and payables.
This reporting standard outlines the overall requirements for the provision of relevant information to APRA. It should be read in conjunction with Form ARF 320.9 Intra-Group Receivables and Payables and the associated instructions (both of which are attached and form part of this reporting standard).