Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2018
In ForceCTH
Jurisdiction
Commonwealth
Collection
legislative instrument
Plain English Summary
4/10 complexity
This Reporting Standard requires every authorised deposit-taking institution (ADI) to submit quarterly electronic returns to APRA about its “other operating expenses” (paras 5–10). APRA prescribes the submission method, due dates and may alter reporting frequency or make minor form changes for particular ADIs (paras 7, 9, 10, 15). The data is collected for prudential supervision and may be shared with the RBA and ABS (para 2). ADIs must operate internal controls, obtain external-auditor review for most items, and use an APRA-acceptable digital certificate for sign-off (paras 12–14).
This Reporting Standard requires authorised deposit-taking institutions (ADIs) to supply APRA with periodic information about “other operating expenses” using prescribed reporting forms, establishes the form, timing, method and quality-control regime for that reporting, and cross‑references accounting and prudential instruments that determine how items are measured and presented for APRA’s prudential supervision purposes. The Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (see paragraph 1) and commenced on 1 April 2018 (paragraph 4). The information collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for prudential supervision and may also be shared with the Reserve Bank of Australia and the Australian Bureau of Statistics (paragraph 2).
Mechanically the instrument does the following (source citations below):
mandates that each ADI complete and submit the version of ARF 330.3 designated for a “Licensed ADI” for each reporting period (paragraph 5);
requires highest parent ADIs to also submit the “Consolidated Group” version (paragraph 6);
prescribes electronic submission via APRA’s Direct to APRA (D2A) application or a method notified by APRA (paragraph 7), with the submitting officer required to digitally sign the data with a certificate acceptable to APRA (paragraph 14);
sets default quarterly reporting tied to the ADI’s financial year (paragraph 8) but allows APRA to vary reporting frequency by written notice, having regard to specific considerations (paragraph 9);
specifies due dates expressed as business days after the reporting period, differentiated by class of ADI (paragraph 10 and table), and permits APRA to grant written extensions (paragraph 11);
Current sections
Direct links to the current provisions in Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2018.
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s other operating expenses. It should be read in conjunction with the versions of Reporting Form ARF 330.3 Other Operating Expenses designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the instructions to each version of the form (all of which are attached and form part of this Reporting Standard).
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Data collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Application and commencement
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs).
This Reporting Standard commences on 1 April 2018.
Information required
An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 330.3 designated for a ‘Licensed ADI’ for each reporting period.
An ADI to which this Reporting Standard applies that is a highest parent entity in relation to a consolidated ADI group must also provide APRA the information required by the version of ARF 330.3 designated for a ‘Consolidated Group’ for each reporting period.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 9, an ADI to which this Reporting Standard applies 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.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(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 RBA or the ABS.
The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates within which information must be submitted to APRA by an ADI in the classes set out in the left hand column.
Class of ADI
Number of business days
Australian-owned Bank
25
Foreign Subsidiary Bank
25
Branch of a Foreign Bank
25
Building Society
15
Credit Union[1]
15
Other ADI
25
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.
credit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and includes Cairns Penny Savings & Loans Limited.
due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.
foreign ADI has the meaning in section 5 of the Banking Act 1959.
foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.
highest parent entity means an ADI that satisfies all of the following conditions:
(a) it is locally-incorporated;
(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and
(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.
locally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or territory law.
other ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank but does not include Cairns Penny Savings & Loans Limited.
reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.
stake means a stake determined under the Financial Sector (Shareholdings) Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Other Operating Expenses
Other Operating Expenses
Other Operating Expenses
Objective of this Reporting Standard
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s other operating expenses. It should be read in conjunction with the versions of Reporting Form ARF 330.3 Other Operating Expenses designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the instructions to each version of the form (all of which are attached and form part of this Reporting Standard).
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Data collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Application and commencement
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs).
This Reporting Standard commences on 1 April 2018.
Information required
An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 330.3 designated for a ‘Licensed ADI’ for each reporting period.
An ADI to which this Reporting Standard applies that is a highest parent entity in relation to a consolidated ADI group must also provide APRA the information required by the version of ARF 330.3 designated for a ‘Consolidated Group’ for each reporting period.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 9, an ADI to which this Reporting Standard applies 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.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(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 RBA or the ABS.
The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates within which information must be submitted to APRA by an ADI in the classes set out in the left hand column.
Class of ADI
Number of business days
Australian-owned Bank
25
Foreign Subsidiary Bank
25
Branch of a Foreign Bank
25
Building Society
15
Credit Union[1]
15
Other ADI
25
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.
credit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and includes Cairns Penny Savings & Loans Limited.
due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.
foreign ADI has the meaning in section 5 of the Banking Act 1959.
foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.
highest parent entity means an ADI that satisfies all of the following conditions:
(a) it is locally-incorporated;
(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and
(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.
locally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or territory law.
other ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank but does not include Cairns Penny Savings & Loans Limited.
reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.
stake means a stake determined under the Financial Sector (Shareholdings) Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Objective of this Reporting Standard
Objective of this Reporting Standard
Objective of this Reporting Standard
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s other operating expenses. It should be read in conjunction with the versions of Reporting Form ARF 330.3 Other Operating Expenses designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the instructions to each version of the form (all of which are attached and form part of this Reporting Standard).
Authority
Authority
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Purpose
Purpose
Data collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Application and commencement
Application and commencement
Application and commencement
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs).
This Reporting Standard commences on 1 April 2018.
Information required
Information required
Information required
An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 330.3 designated for a ‘Licensed ADI’ for each reporting period.
An ADI to which this Reporting Standard applies that is a highest parent entity in relation to a consolidated ADI group must also provide APRA the information required by the version of ARF 330.3 designated for a ‘Consolidated Group’ for each reporting period.
Form and method of submission
Form and method of submission
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
Reporting periods and due dates
Reporting periods and due dates
Subject to paragraph 9, an ADI to which this Reporting Standard applies 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.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(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 RBA or the ABS.
The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates within which information must be submitted to APRA by an ADI in the classes set out in the left hand column.
Class of ADI
Number of business days
Australian-owned Bank
25
Foreign Subsidiary Bank
25
Branch of a Foreign Bank
25
Building Society
15
Credit Union[1]
15
Other ADI
25
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.
credit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and includes Cairns Penny Savings & Loans Limited.
due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.
foreign ADI has the meaning in section 5 of the Banking Act 1959.
foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.
highest parent entity means an ADI that satisfies all of the following conditions:
(a) it is locally-incorporated;
(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and
(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.
locally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or territory law.
other ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank but does not include Cairns Penny Savings & Loans Limited.
reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.
stake means a stake determined under the Financial Sector (Shareholdings) Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
Authorisation
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructi
Minor alterations to forms and instructions
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
Interpretation
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.
credit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and includes Cairns Penny Savings & Loans Limited.
due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.
foreign ADI has the meaning in section 5 of the Banking Act 1959.
foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.
highest parent entity means an ADI that satisfies all of the following conditions:
(a) it is locally-incorporated;
(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and
(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.
locally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or territory law.
other ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank but does not include Cairns Penny Savings & Loans Limited.
reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.
stake means a stake determined under the Financial Sector (Shareholdings) Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Instruction Guide
Instruction Guide
Instruction Guide
General directions and notes
Reporting entity
This form is to be completed by all authorised deposit-taking institutions (ADIs) on both a licensed ADI and consolidated ADI group basis (where applicable).
ADIs incorporated in Australia which do not have any controlled entities, or interests in joint venture operations are not required to complete the section of the form relating to the consolidated ADI.
Branches of foreign banks are required to complete this form for the Australian branch only.
Licensed ADI
Licensed ADI
Licensed ADI
This refers to the operations of the reporting ADI on a stand-alone basis.
Securitisation deconsolidation principle
Except as otherwise specified in these instructions, the following applies:
Where an ADI (or a member of its Level 2 consolidated group) participates in a securitisation that meets APRA’s operational requirements for regulatory capital relief under Prudential Standard APS 120 Securitisation (APS 120):
(a) special purpose vehicles (SPVs) holding securitised assets may be treated as non-consolidated independent third parties for regulatory reporting purposes, irrespective of whether the SPVs (or their assets) are consolidated for accounting purposes;
(b) the assets, liabilities, revenues and expenses of the relevant SPVs may be excluded from the ADI’s reported amounts in APRA’s regulatory reporting returns; and
(c) the underlying exposures (i.e. the pool) under such a securitisation may be excluded from the calculation of the ADI’s regulatory capital (refer to APS 120). However, the ADI must still hold regulatory capital for the securitisation exposures[2] that it retains or acquires and such exposures are to be reported in Reporting Form ARF 120.1 Securitisation – Regulatory Capital. The risk-weighted assets (RWA) relating to such securitisation exposures must also be reported in Reporting Form ARF 110.0.1 Capital Adequacy (Level 1) and Reporting Form ARF 110.0.2 Capital Adequacy (Level 2).
Where an ADI (or a member of its Level 2 consolidated group) participates in a securitisation that does not meet APRA’s operational requirements for regulatory capital relief under APS 120, or the ADI undertakes a funding-only securitisation or synthetic securitisation, such exposures are to be reported as on-balance sheet assets in APRA’s regulatory reporting returns. In addition, these exposures must also be reported as a part of the ADI’s total securitised assets within Reporting Form ARF 120.2 Securitisation – Supplementary Items.
Consolidated ADI group
Consolidated ADI group
Consolidated ADI group
This refers to the global operations of the ADI and all its controlled entities (where relevant), consolidated in accordance with Australian accounting standards (AASB 127 Consolidated and Separate Financial Statements (AASB 127) and AASB 3 Business Combinations (AASB 3)).
‘Controlled entity’ (subsidiary), ‘parent entity’
These terms are defined in accordance with AASB 127 and AASB 3.
The basis of consolidation required in this form is in accordance with the accounting consolidated group. The accounting consolidated group is to be determined in accordance with the requirements of the Australian accounting standards, notably AASB 127 and AASB 3.
Exclude from the accounting consolidated group SPVs whose assets have satisfied the clean sale requirements set down in APS 120 (refer to Securitisation deconsolidation principle).
Reporting period
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. Australian-owned banks, foreign subsidiary banks, branches of foreign banks and other ADIs 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 should submit the completed form to APRA within 15 business days after the end of the relevant reporting quarter.
Unit of measurement
Amounts denominated in foreign currency are to be converted to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).
The general requirements of AASB 121 for translation are:
foreign currency monetary items outstanding at the reporting date must be translated at the spot rate at the reporting date;[3]
foreign currency non-monetary items that are measured at historical cost in a foreign currency must be translated using the exchange rate at the date of the transaction;[4]
foreign currency non-monetary items that are measured at fair value will be translated at the exchange rate at the date when fair value was determined.
Transactions arising under foreign currency derivative contracts at the reporting date must be prepared in accordance with AASB 139 Financial Instruments: Recognition and Measurement (AASB 139). However, those foreign currency derivatives that are not within the scope of AASB 139 (e.g. some foreign currency derivatives that are embedded in other contracts) remain within the scope of AASB 121.
For APRA purposes equity items must be translated using the foreign currency exchange rate at the date of investment or acquisition. Post-acquisition changes in equity are required to be translated on the date of the movement.
As foreign currency derivatives are measured at fair value, the currency derivative contracts are translated at the spot rate at the reporting date.
Exchange differences should be recognised in profit and loss in the period which they arise. For foreign currency derivatives, the exchange differences would be recognised immediately in profit and loss if the hedging instrument is a fair value hedge. For derivatives used in a cash flow hedge, the exchange differences should be recognised directly in equity.
The ineffective portion of the exchange differences in all hedges would be recognised in profit and loss; and
translation of financial reports of foreign operations.
A foreign operation is defined in AASB 121 as meaning an entity that is a subsidiary, associate, joint venture or branch of a reporting entity, the activities of which are based or conducted in a country or currency other than those of the reporting entity.
Exchange differences relating to foreign currency monetary items that form part of the net investment of an entity in a foreign operation, must be recognised as a separate component of equity.
Translation of financial reports should otherwise follow the requirements in AASB 121.
Basis of preparation
In completing this form, unless otherwise specifically stated, institutions are recommended to follow the Australian accounting standards regarding the:
interpretation/definition of items of income and expense;
measurement basis of items of income and expense; and
netting of items of income and expense.
Source text: opening excerpt
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
Reporting Standard ARS 330.3 Reporting Standard ARS 330.3
Reporting Standard ARS 330.3
Other Operating Expenses
Objective of this Reporting Standard
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s other operating expenses. It should be read in conjunction with the versions of Reporting Form ARF 330.3 Other Operating Expenses designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the instructions to each version of the form (all of which are attached and form part of this Reporting Standard).
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Data collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Application and commencement
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs).
This Reporting Standard commences on 1 April 2018.
Information required
An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 330.3 designated for a ‘Licensed ADI’ for each reporting period.
An ADI to which this Reporting Standard applies that is a highest parent entity in relation to a consolidated ADI group must also provide APRA the information required by the version of ARF 330.3 designated for a ‘Consolidated Group’ for each reporting period.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 9, an ADI to which this Reporting Standard applies 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.
requires that reported information (except that required under paragraph 6) be produced by systems, processes and controls reviewed and tested by the ADI’s external auditor under Prudential Standard APS 310 (paragraph 12), and be subject to internal review and authorisation processes (paragraph 13);
allows APRA to make minor, non‑substantive variations to forms or instructions and obliges APRA to notify ADIs of such changes (paragraphs 15-16);
includes definitional and interpretative provisions tying terms to other Acts and prudential/accounting standards (paragraphs 17-18 and the Instruction Guide references to AASB 121, AASB 127, AASB 3 and APS 120).
The Instruction Guide attached to the Standard supplements these mechanics with operational guidance: the “Securitisation deconsolidation principle” governing treatment of SPVs under APS 120, translation rules for foreign currency items following AASB 121, and consolidation basis rules under AASB 127 and AASB 3.
Official rationale
APRA states the purpose is to collect data for prudential supervision, with potential reuse by the RBA and ABS (paragraph 2). That is the explanatory claim in the instrument; the Standard then operationalises it by defining the reporting form, timing, method, and quality controls.
What the Standard does not do in the text
It does not itself set prudential capital or conduct supervisory determinations; instead it defines data collection and assurance requirements to support APRA’s prudential work. It also does not provide any offence or civil penalty regime in this text; enforcement mechanisms, penalty provisions or sanctioning processes are not set out here.
Key source references: paragraphs 1-18; Instruction Guide (Securitisation deconsolidation principle; Basis of preparation; Unit of measurement).
Main concepts
This Reporting Standard organises reporting around a handful of core concepts that determine who reports what, when and how.
Reporting forms and entities
ARF 330.3 is the reporting instrument and has two designated versions: a Licensed ADI form and a Consolidated Group form (paragraph 1; paragraphs 5-6). The instruction material states that both forms and their instructions form part of the Standard (paragraph 1).
“Licensed ADI” reporting captures stand-alone operations of the reporting ADI (Instruction Guide Licensed ADI). “Consolidated ADI group” reporting captures the global operations of the ADI and its controlled entities consolidated under Australian accounting standards (Instruction Guide Consolidated ADI group; definitions referencing AASB 127 and AASB 3 in paragraph 17).
Reporting periods and frequency
Default frequency is quarterly aligned to the ADI’s financial year as defined in the Corporations Act 2001 (paragraph 8). APRA can change reporting periods, more or less frequently, by written notice for a particular ADI, taking into account the ADI’s circumstances, the supervisory need, and the RBA/ABS requirements (paragraph 9).
Timeliness and classes of ADI
The Standard sets class-based due dates, measured in business days after the end of the reporting period (paragraph 10 and table). Classes include Australian‑owned bank, foreign subsidiary bank, branch of a foreign bank, building society, credit union (including Cairns Penny Savings & Loans for credit unions), and other ADI (paragraphs 10, 17 definitions).
Building societies and credit unions have a shorter submission window (15 business days) compared with most other ADI classes (25 business days) (paragraph 10 table).
Method and authentication of submission
Electronic submission is required via D2A or another APRA-notified method (paragraph 7). Submissions must be digitally signed by an officer using a digital certificate acceptable to APRA (paragraph 14).
Quality assurance
External audit review and testing of systems, processes and controls is mandated for all information except the consolidated-group information required under paragraph 6 (paragraph 12). The external auditor’s review must be performed in accordance with Prudential Standard APS 310 Audit and Related Matters and relevant Auditing and Assurance Standards Board guidance, at least annually or more often if required by the auditor (paragraph 12).
Internal review and authorisation processes are required to assure completeness and reliability (paragraph 13).
Securitisation deconsolidation principle
The Instruction Guide includes a securitisation deconsolidation principle tied to APS 120, allowing SPVs that meet operational requirements for regulatory capital relief to be treated as non-consolidated for regulatory reporting, with associated rules on where exposures must still be reported (Instruction Guide Securitisation deconsolidation principle).
Accounting and translation norms
The Instruction Guide explicitly directs ADIs to follow AASB 121 for foreign currency translation rules, and AASB 127/AASB 3 for consolidation. It also directs measurement, interpretation and netting of income/expense items to Australian accounting standards as the basis of preparation.
Interpretation linkage
The Standard ties its definitions to other legislation and instruments: the Financial Sector (Collection of Data) Act 2001 (s 13 authority), Banking Act 1959 (ADI, foreign ADI, branch definitions), Corporations Act 2001 (definition of financial year), AASB standards, APS 310, APS 120, and the Financial Sector (Shareholdings) Act 1998 for certain stake calculations (paragraphs 1, 2, 8, 12, 15-18; Instruction Guide references).
Minor variations and notification
APRA may make minor non‑substantive variations to forms or instructions to correct errors or clarify application (paragraph 15) and must notify ADIs of such changes in writing (paragraph 16).
Taken together, these concepts determine that reporting is structured, periodic, auditable, and follows recognised accounting translation and consolidation practices, while APRA retains discretion over frequency and minor form variations.
Who it affects
Affected legal entities
All authorised deposit-taking institutions within the meaning of the Banking Act 1959 are within scope (paragraph 3). The Standard therefore applies to locally incorporated banks, branches of foreign banks, building societies, credit unions, foreign subsidiary banks and those ADIs categorised as “other ADI” (paragraphs 10, 17 definitions).
Reporting responsibilities by entity type
Every ADI must submit the Licensed ADI version of ARF 330.3 for each reporting period (paragraph 5).
A highest parent entity in relation to a consolidated ADI group must also submit the Consolidated Group version for each reporting period (paragraph 6). Highest parent entity is defined with reference to local incorporation and subsidiary relationships under AASB 127 (paragraph 17).
Who in the ADI must act
An officer of the ADI is required to submit the information via D2A or another notified method and digitally sign the submission using an APRA‑acceptable digital certificate (paragraph 14). Internal officers must therefore manage digital authentication credentials and attestations.
Third parties and auditors
External auditors of ADIs are directly implicated. Paragraph 12 requires that the ADI’s external auditor review and test the systems, processes and controls producing the reported information, in accordance with Prudential Standard APS 310. The external auditor therefore must plan and execute audits or assurance procedures to enable an opinion on accuracy and reliability of reported information.
Government and data users
APRA is the primary recipient and controller of the data for prudential supervision purposes (paragraph 2). The Reserve Bank of Australia and the Australian Bureau of Statistics are listed as additional potential users of the collected data (paragraph 2). Those agencies therefore benefit from improved data flows, which may influence their surveillance and statistical outputs.
Operational service providers
The D2A application is specified as the electronic submission vehicle (paragraph 7). ADIs using hosted or outsourced reporting systems, or third‑party vendors that prepare submissions on their behalf, will find obligations flow through to them because the submitted data must be digitally signed by an ADI officer and must originate from systems whose controls are auditable (paragraphs 7, 12, 13, 14).
Concentrated vs diffuse impact
Concentrated impact falls on ADIs’ finance, risk, audit and compliance teams that must build and maintain the reporting processes and support external auditors. Diffuse impact exists across other stakeholders (RBA, ABS) that receive secondary use benefits from the dataset (paragraph 2).
Exemptions and exceptions
The external auditor review requirement in paragraph 12 expressly excludes the information required under paragraph 6 (consolidated group reporting). The Standard therefore treats consolidated-group reporting differently for external audit testing, which affects how highest parent ADIs allocate audit effort.
Special cases flagged in definitions
Specific definitions affect treatment: “credit union” expressly includes Cairns Penny Savings & Loans Limited (paragraph 17); “other ADI” expressly excludes Cairns Penny Savings & Loans Limited (paragraph 17). The definition of “foreign subsidiary bank” uses a >15 per cent stake calculation adjusted through the Financial Sector (Shareholdings) Act approach (paragraph 17). These definitional nuances will determine which due date applies and whether consolidation reporting is required.
In short, the instrument binds all ADIs to a structured programme of periodic reporting, assigns responsibility for submission and attestation to officers and external auditors, and supplies APRA, the RBA and ABS with standardised expense data. Those who prepare, sign and audit the returns are most directly affected.
Key duties and rights
Primary duties imposed by the Standard
Submission duty: Every ADI must submit the ARF 330.3 Licensed ADI form each reporting period, and highest parent ADIs must also submit the Consolidated Group form (paragraphs 5-6). This is a continuous, periodic duty.
Form and method duty: Data must be supplied electronically via D2A or another method notified by APRA in writing before submission (paragraph 7).
Timeliness duty: ADIs must meet the due dates set in the business‑day table (paragraph 10) or any extension granted by APRA in writing (paragraph 11). APRA can also change reporting periods for a specific ADI by written notice (paragraph 9).
Quality control duty: For all information other than that required under paragraph 6, ADIs must ensure the data are produced by systems, processes and controls reviewed and tested by the external auditor per Prudential Standard APS 310, at least annually or more often when required by the external auditor (paragraph 12).
Internal control duty: ADIs must have internal review and authorisation processes to assure completeness and reliability of the information (paragraph 13).
Authentication duty: An officer must digitally sign submitted information using a digital certificate acceptable to APRA (paragraph 14).
Translation and accounting duties: The Instruction Guide requires ADIs to follow AASB 121 for foreign currency translation, AASB 127/AASB 3 for consolidation, and to use Australian accounting standards for interpretation, measurement and netting of items unless otherwise stated (Instruction Guide: Unit of measurement; Basis of preparation).
Discretionary powers retained by APRA
APRA may change reporting periods and frequency for a particular ADI in writing, taking into account the ADI’s circumstances, supervisory needs, and RBA/ABS requirements (paragraph 9). This is an explicit discretionary power which can increase or reduce reporting frequency.
APRA may grant extensions of due dates in writing (paragraph 11).
APRA may make minor variations to forms or instructions to correct technical, programming or logical errors or to clarify application, provided such changes do not alter substantive requirements (paragraph 15). APRA must notify ADIs of such changes in writing (paragraph 16).
Rights and entitlements
Right to notification: Where APRA makes minor variations to forms or instructions, it must notify each ADI required to report under the Standard (paragraph 16).
Right to use a notified submission method: APRA may notify a method other than D2A; ADIs have the right to be told of that method in writing prior to submission (paragraph 7).
Right to seek and receive extensions: ADIs may request and be granted an extension of a due date by APRA in writing, in which case the extension date stands (paragraph 11).
Interaction with auditors and accounting frameworks
External auditors have a duty to conduct review and testing of the ADI’s reporting systems and controls in a manner consistent with APS 310 and Auditing and Assurance Standards Board guidance, and to do so at least annually or more often if needed to opine on accuracy/reliability (paragraph 12). This places an obligation on auditors to scope procedures sufficient to support APRA reporting.
ADIs must follow accounting standards for translation, consolidation and measurement where directed, which creates a duty to align internal accounting and consolidation practices with the reporting fabric required by APRA (Instruction Guide).
Limits and exclusions in the Standard
Paragraph 12 excludes the consolidated-group information required under paragraph 6 from the external auditor review requirement. That is an explicit carve-out of the auditor testing duty for consolidated returns.
Paragraph 15 limits APRA’s power to changes that do not alter substantive requirements, which constrains APRA’s discretion to only technical or clarifying amendments without separate rulemaking.
Practical consequences of duties
ADIs must maintain auditable reporting systems, ensure alignment of accounting and prudential reporting treatment (e.g. securitisation deconsolidation per APS 120), manage digital authentication for officers, and adapt reporting frequency if APRA issues a notice under paragraph 9. These duties generate recurring operational, audit and compliance costs.
Penalties and enforcement
The Reporting Standard text does not spell out specific penalties, fines or offence provisions within itself. The instrument focuses on procedural, definitional and assurance requirements for reporting. The Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (paragraph 1), and enforcement or sanctioning powers related to non‑compliance are governed by the enabling Act and APRA’s broader prudential framework rather than by provisions set out in this reporting standard document.
What the Standard does provide that affects enforcement
APRA’s discretion to change reporting periods and to require more frequent reporting from a particular ADI (paragraph 9) provides APRA with a supervisory lever to intensify data collection from institutions it determines warrant increased scrutiny. While not a penalty per se, increased reporting frequency imposes additional compliance effort on the ADI.
APRA may grant written extensions to due dates (paragraph 11); conversely, failure to seek or be granted an extension does not on its face remove APRA’s ability to address late reporting through supervisory channels under the Financial Sector (Collection of Data) Act or other prudential powers.
The Standard requires external audit review and testing of reporting systems and controls (paragraph 12), and internal review and authorisation processes (paragraph 13). If APRA forms concerns about the adequacy of controls or the reliability of reported data, it can pursue supervision and enforcement action that sits outside this Standard, for example through directions, notices, or otherwise under the enabling legislation.
How to find the penalty regime
To determine criminal, civil, or administrative penalties, a reader must consult the Financial Sector (Collection of Data) Act 2001 and APRA’s enforcement policies and Prudential Standards that contain enforceable obligations. This Standard itself does not contain express sanctioning language.
Practical enforcement mechanisms APRA is likely to use, consistent with the Standard’s architecture
Administrative levers: APRA may use notices to require more frequent reporting or additional information under paragraph 9, or issue directions under the enabling Acts when data quality or timeliness concerns arise.
Remediation and supervisory escalation: If external audit findings under APS 310 disclose material failures in systems and controls, APRA would typically follow its supervisory framework, which may include remedial directions or public and private enforcement actions under other prudential instruments.
Contractual and market pressures: Late or unreliable reporting can affect an ADI’s standing with counterparties, rating agencies and market participants, which creates reputational and commercial consequences external to APRA’s statutory sanctions.
Absence of specified penalties in the text itself
The Reporting Standard does not contain penalties, infringement provisions, or express criminal offences. It therefore functions primarily as a data collection and assurance instrument; enforcement steps and penalties must be traced to the Financial Sector (Collection of Data) Act 2001 and other relevant prudential instruments.
Readers should therefore treat the Standard as establishing duties and procedural requirements while relying on the enabling statutes and APRA’s broader enforcement framework for information about sanctions and remedies for non‑compliance.
How it interacts with other laws
This Reporting Standard explicitly ties itself to and interacts with multiple statutory and regulatory instruments and recognised accounting standards. The text identifies these linkages and sets how the Standard should be interpreted in the context of those instruments.
Primary enabling statute
Financial Sector (Collection of Data) Act 2001: The Standard is made under section 13 of that Act (paragraph 1). The Act supplies APRA’s power to collect data and thus sets the statutory basis for the obligation to report. For enforcement and sanction questions, the Act should be consulted as the Standard does not itself establish penalties (see Penalties and enforcement).
Banking Act 1959
The definitions of ADI and foreign ADI, branch of a foreign bank, and related terms are tied to the Banking Act 1959 as referenced in paragraph 17. The classification of institutions for due dates and reporting obligations depends on those statutory meanings.
Prudential Standards
APS 310 Audit and Related Matters: Paragraph 12 requires external auditors to undertake review and testing in accordance with APS 310. That imposes audit scoping and assurance obligations on external auditors that are cross‑referenced into this Standard.
APS 120 Securitisation: The Instruction Guide’s “Securitisation deconsolidation principle” links the treatment of SPVs and securitisation exposures to the operational requirements in APS 120. Where an SPV meets APS 120 operational requirements for regulatory capital relief, APRA permits regulatory reporting deconsolidation for the SPV, while requiring retained securitisation exposures to be reported elsewhere (Instruction Guide). Thus the Standard interacts with APS 120 to determine whether assets are excluded from regulatory reporting returns and where retained exposures are reported (e.g. ARF 120.1, ARF 110.0.1, ARF 110.0.2).
Corporations Act 2001
The Standard anchors reporting periods to the ADI’s financial year within the meaning of the Corporations Act 2001 (paragraph 8). This ties APRA reporting cycles to corporation law timeframes.
AASB accounting standards
AASB 121 The Effects of Changes in Foreign Exchange Rates: The Instruction Guide mandates use of AASB 121 translation rules for foreign currency amounts and sets out in detail how monetary and non‑monetary items and derivatives should be translated (Instruction Guide Unit of measurement). Translation choices affect reported aggregates and comparability across institutions.
AASB 127 Consolidated and Separate Financial Statements and AASB 3 Business Combinations: The Instruction Guide directs consolidation to be determined in accordance with AASB 127 and AASB 3 and establishes the accounting consolidated group as the basis for the Consolidated Group return.
AASB references are also reinforced by paragraph 18 which states that references to accounting standards are to be read as in force from time to time.
Financial Sector (Shareholdings) Act 1998
The definition of “stake” used to determine whether a locally incorporated ADI is a foreign subsidiary bank refers to calculations under the Financial Sector (Shareholdings) Act 1998, with a modification as described in paragraph 17. This affects classification of institutions for due-date purposes.
ABS and RBA
The Standard permits the RBA and ABS to be recipients of the collected data (paragraph 2). That creates a data-sharing interaction with Australia’s statistical and monetary authorities, which may shape their analytical and policy work.
Interaction with other APRA reporting forms and returns
The Instruction Guide refers to other ARFs: e.g. retained securitisation exposures must be reported in ARF 120.1 Securitisation - Regulatory Capital and risk-weighted assets in ARF 110.0.1 and ARF 110.0.2 (Instruction Guide Securitisation deconsolidation principle). The Standard therefore functions as part of a larger matrix of APRA returns.
Interpretation clause regarding instruments in force
Paragraph 18 provides that references to Acts, Prudential Standards, Reporting Standards, Australian Accounting or Auditing Standards are to the instruments “as in force from time to time.” This creates a dynamic interaction whereby changes to the linked instruments will affect how this Reporting Standard operates, without the Standard itself needing to be amended for those changes.
Net effect
The Reporting Standard embeds APRA’s data collection inside existing prudential, accounting and statutory frameworks. Practitioners must therefore map reporting obligations to the relevant provisions of the Banking Act, the Financial Sector (Collection of Data) Act, the Corporations Act, APS 120 and APS 310, and AASB standards to ensure consistent application.
Amendment history
The text of the Reporting Standard as provided includes an express commencement date and does not contain an internal schedule of amendments or historical notes listing later changes. The Standard states:
It is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (paragraph 1).
It commences on 1 April 2018 (paragraph 4).
Paragraph 18 provides that references to Acts, Prudential Standards, Reporting Standards, Australian Accounting or Auditing Standards are references to those instruments as in force from time to time, implicitly permitting external instruments to be updated without immediate amendment of this Standard.
What the instrument itself records
No later amendment dates, revocation notices or Schedule of amendments are contained in the text supplied. The Standard contains a mechanism for APRA to make minor non‑substantive variations to the forms and instructions (paragraphs 15-16), but those are operational changes rather than formal legislative amendments to the Standard’s substantive obligations.
How to ascertain subsequent amendments in practice
Because paragraph 18 permits references to linked instruments “as in force from time to time” and paragraphs 15-16 allow minor variations to forms and instructions that form part of the Standard (with APRA notification), users should expect that changes can occur through:
APRA notifications to ADIs of minor variations to the attached forms and instructions (paragraph 16);
amendments to the external instruments referenced (AASB Standards, APS 120, APS 310, Corporations Act) which will affect application per paragraph 18;
formal APRA reissues of the Standard if substantive changes are required beyond the “minor variations” permitted by paragraph 15.
Recommended practical approach to track amendments
Consult APRA’s official legislative and reporting-rules web pages for ARF 330.3 and related guidance, where APRA ordinarily publishes current Reporting Standards, any variations, version histories, and the latest forms and instructions. The Standard requires APRA to notify ADIs when it makes minor variations to forms and instructions (paragraph 16), so ADIs should maintain active notification channels with APRA.
Monitor the enabling Acts and linked Prudential Standards (APS 120, APS 310) and relevant AASB standards because changes in those instruments will flow through by paragraph 18.
Limitation of this Amendment History section
The source supplied does not include a separately recorded amendment log. Therefore this section reports the content of the instrument as presented (commencement date 1 April 2018) and points the reader to practical methods to detect updates and APRA notifications.
Litigation history
The Reporting Standard text does not mention any court decisions, administrative appeals or litigation involving ARS 330.3, the ARF 330.3 form, or disputes about its application. The instrument names no cases and contains no litigation history section.
What the absence in the text implies
Because the Standard does not itself record litigation, absence of cases in the instrument does not establish that none exist. However, practitioners should note that within the text provided there are no judicial or administrative decisions cited, nor is there any reference to legal challenges or settled litigation about interpretation or enforcement of these reporting obligations.
How practitioners should proceed to investigate litigation risk
To determine whether any litigation or precedent interprets parts of APRA’s reporting regime or application of APS 310/APS 120 that affects ARF 330.3, practitioners must search:
Federal Court and Federal Circuit Court records for cases involving APRA and specific ADIs concerning reporting obligations;
Administrative Appeals Tribunal decisions (if any) that relate to APRA data collection notices or enforcement actions;
APRA public decisions, enforceable undertaking archives, or sanction notices where reporting reliability or timeliness was an element;
Published regulatory enforcement actions from APRA where reporting failings were cited.
Practical note
Given the Standard’s operational focus on data submission, audit testing and internal controls (paragraphs 7, 12-14), potential litigation risks would commonly arise from enforcement actions under the Financial Sector (Collection of Data) Act or related prudential instruments. Those enforcement actions and any resulting litigation will appear in the public record separate to this Standard and must be researched in external legal and regulatory databases.
In short, the instrument supplies no litigation history; practitioners seeking precedential treatment or judicial interpretation should consult case law and APRA enforcement records outside the Standard.
Gotchas
The Standard contains a number of operational and legal details that can cause practical pitfalls if not addressed explicitly. Below are the specific “gotchas” drawn from the text and Instruction Guide.
Consolidated vs Licensed ADI reporting and the auditor carve-out
Every ADI must file the Licensed ADI version (paragraph 5). Highest parent ADIs must also file a Consolidated Group version (paragraph 6). Critically, paragraph 12 requires external auditor review and testing for all information except the information required under paragraph 6 (the consolidated-group return). This creates an asymmetry: consolidated returns are not covered by the same mandatory external-auditor testing obligation in this Standard. ADIs must therefore pay attention to different assurance expectations and ensure internal controls and alternative assurance are in place for consolidated data.
Securitisation deconsolidation and regulatory vs accounting consolidation
The Instruction Guide permits APRA regulatory deconsolidation of SPVs that meet APS 120 operational requirements, even if those SPVs are consolidated for accounting purposes (Instruction Guide Securitisation deconsolidation principle). If firms treat securitisation deconsolidation inconsistently between accounting and regulatory reporting, they may inadvertently misstate APRA returns unless they clearly follow APS 120 rules and the Instruction Guide. Also, retained securitisation exposures must still be reported in ARF 120.1 and RWA in ARF 110.0.x, so there is a movement of items between returns that must be correctly reconciled.
Timing differences and differing due dates by class
The due-dates table in paragraph 10 imposes differing timeliness obligations by ADI class: building societies and credit unions have 15 business days; most banks and other ADIs have 25 business days. Misclassification of ADI type, or misunderstanding of the “other ADI” class and its carve-out for Cairns Penny Savings & Loans Limited, can lead to late submissions. The definitions in paragraph 17 are precise and include specific inclusions/exclusions.
APRA’s power to vary reporting frequency
APRA can require more or less frequent reporting by written notice to an ADI (paragraph 9). If APRA issues such a notice, the ADI must adapt systems and governance quickly. Systems designed only for quarterly reporting may struggle with increased frequency, creating operational risk.
Digital-signature and submission method requirements
Submissions must be made electronically via D2A or another APRA-notified method (paragraph 7) and digitally signed by an officer using a digital certificate acceptable to APRA (paragraph 14). If an ADI relies on third-party preparers, the ADI remains responsible for providing or managing the officer digital certificate and must ensure authentication processes comply with APRA expectations. Failure to have an officer with an acceptable certificate can prevent submission.
External audit timing and scope
External auditors must review and test systems, processes and controls at least annually or more frequently if required by the auditor to enable an opinion on accuracy and reliability (paragraph 12). ADIs should not assume a once‑a‑year review suffices where the auditor requires more frequent testing. The Standard explicitly ties the scope to Prudential Standard APS 310 and Auditing and Assurance Standards Board guidance, which auditors will interpret into procedures.
Accounting translation rules can create reporting mismatches
The Instruction Guide prescribes AASB 121 translation rules for foreign currency items and specific treatments for derivatives, equity translation and exchange differences. That may produce numbers for APRA reporting that differ from management accounts or local GAAP presentations if the ADI’s internal reporting uses alternative translation bases. ADIs must ensure reconciliations and translation processes are documented.
Minor variation power and notification risk
APRA can make minor variations to forms and instructions without changing substantive requirements (paragraph 15), but the Standard requires APRA to notify ADIs of such changes in writing (paragraph 16). ADIs who do not monitor APRA notifications closely may miss technical or programming corrections that affect submission validity or validation logic in D2A.
Definitions with narrow modifications
The definition of “stake” refers to the Financial Sector (Shareholdings) Act 1998 but modifies the associates considered (paragraph 17). If ADIs rely on a generic stake calculation, they could misclassify themselves as foreign subsidiary banks or otherwise misapply due dates.
Instruction Guide is part of the Standard
Paragraph 1 notes that the versions of ARF 330.3 and the instructions are attached and form part of the Reporting Standard. Therefore operational guidance in the Instruction Guide carries normative weight; it is not merely advisory. Ignoring Instruction Guide rules (e.g. securitisation deconsolidation, AASB translation norms) risks non-compliance.
No penalties set out in the Standard
The Standard contains no explicit penalty clauses. However, non‑compliance will be addressed through the enabling statute and APRA’s broader supervisory powers. ADIs should not infer leniency because the Standard omits express penalties.
Ambiguity about consolidated audit assurance
The exclusion of consolidated-group information from the external-audit review obligation could be read as leaving consolidated reporting less assured. ADIs should clarify with APRA and auditors what assurance APRA expects for consolidated reporting, especially where consolidated returns feed into other APRA reports.
In short, the gotchas revolve around classification, differing assurance treatment for consolidated returns, translation and consolidation mechanics, the need for officer digital certificates, APRA’s unilateral frequency variations, and reliance on APRA notifications for form changes. Practitioners should map these items into governance, audit scopes and technical reconciliations.
How to comply
This section offers a practical, source-grounded compliance checklist with steps and internal control considerations aligned to the Standard’s specific requirements (paragraph citations given).
Identify reporting scope and forms (paragraphs 1, 5-6; Instruction Guide)
Determine whether the entity is an ADI under the Banking Act 1959 (paragraph 17) and therefore subject to the Standard (paragraph 3).
Confirm whether the ADI is a highest parent entity that must submit the Consolidated Group form (paragraph 6; definitions at paragraph 17 referencing AASB 127/AASB 3).
Obtain the current versions of ARF 330.3 for Licensed ADI and Consolidated Group and the attached instructions (paragraph 1).
Establish reporting calendar and due dates (paragraphs 8-11)
Map reporting periods to the ADI’s financial year per the Corporations Act 2001 (paragraph 8).
Assign due dates based on ADI class per the table in paragraph 10. Note variations: building societies and credit unions submit within 15 business days, others (including Australian-owned banks and branches of foreign banks) within 25 business days.
Implement an internal calendar with reminders for APRA notifications and potential APRA notices under paragraph 9 that could change your reporting frequency.
Prepare systems, processes and controls that are auditable (paragraphs 12-13)
Design or validate the systems that generate ARF 330.3 data so they produce complete, reconciled and auditable outputs.
Put in place internal review and authorisation processes sufficient to meet paragraph 13’s requirement for internal assurance.
Document end‑to‑end mappings from source ledgers to the ARF 330.3 fields, including reconciliation procedures and ownership of line items.
Engage external auditors in accordance with APS 310 (paragraph 12)
Coordinate with the ADI’s external auditor to plan the required review and testing of systems, processes and controls that produce the reported information. The review must follow Prudential Standard APS 310 and relevant Auditing and Assurance Standards Board guidance (paragraph 12).
Ensure auditors have access to sufficient documentation and testing rights, and plan timing so audit work completes prior to submission deadlines, bearing in mind auditors can require more frequent testing than annually.
Implement D2A submission capability and digital certificate controls (paragraphs 7, 14)
Obtain and test the Direct to APRA (D2A) application for electronic submission; if APRA notifies an alternative method, ensure readiness for that method (paragraph 7).
Procure and manage a digital certificate acceptable to APRA for the officer who will digitally sign submissions, and maintain a register of certificates and authorised signatories (paragraph 14). Include contingency processes for revoked or expired certificates.
Apply accounting and translation rules per the Instruction Guide (AASB 121, AASB 127, AASB 3)
For foreign currency items convert amounts to AUD in accordance with AASB 121 rules outlined in the Instruction Guide (spot rate at reporting date for monetary items; transaction-date rate for historical cost non-monetary items; fair-value-date rates for fair-value non-monetary items; special treatment for equity items) and document exchange difference treatment for profit and loss/equity as instructed.
Determine the accounting consolidated group in accordance with AASB 127 and AASB 3 for the consolidated returns (Instruction Guide Consolidated ADI group).
Apply securitisation deconsolidation and related reporting logic where applicable (Instruction Guide)
If the ADI participates in securitisations, assess whether SPVs meet APS 120 operational requirements for securitisation regulatory capital relief. For qualifying SPVs, follow the deconsolidation principle in the Instruction Guide for regulatory reporting, and ensure retained securitisation exposures are reported in ARF 120.1 and RWA in ARF 110.0.1/110.0.2 as required.
Reconciliation and documentation
Maintain reconciliations between the ARF 330.3 submissions, general ledger, financial statements, and other APRA returns (e.g. ARF 120.1, ARF 110.0.x). Secure evidence for all mappings, conversion rates, consolidation adjustments and securitisation treatments.
Retain working papers to support the external auditor’s testing and to demonstrate compliance in the event of supervisory review.
Monitor APRA notifications and minor variations (paragraphs 15-16)
Put in place a mechanism to receive and act on APRA notifications of minor form/instruction variations (paragraph 16). Even “minor” changes can affect validation rules or field definitions used in automated submission processes.
Manage change control and contingency planning
Ensure IT change management is robust so that updates to mapping, validation rules, or the D2A interface are tested and documented prior to live submissions.
Create contingency submission procedures for system outages, digital certificate failures, or auditor delay, including templates for APRA extension requests under paragraph 11 and escalation pathways.
Governance, sign-off and escalation
Define roles and responsibilities for data owners, preparers, reviewers, authorised signatories and the external auditor.
Require a formal internal sign‑off process before digital signature and submission (paragraph 14) that includes CFO/CEO or equivalent certification of completeness and accuracy as per internal policy.
Engagement with APRA
If APRA issues a written notice changing frequency or reporting periods under paragraph 9, or makes a variation under paragraph 15, engage proactively to confirm technical implementation and timelines. If the ADI cannot meet a due date, apply for an extension in writing under paragraph 11 setting out reasons and mitigation.
Audit trail for consolidated‑group exception
Because the external-auditor review requirement explicitly excludes the consolidated information under paragraph 6 from paragraph 12’s scope, consider arranging alternative assurance or internal audit procedures to provide APRA and management with confidence in consolidated returns.
Review and update policies regularly
Because paragraph 18 makes references to external instruments “as in force from time to time,” schedule periodic reviews to ensure that changes to APS 310, APS 120, AASB standards or the Corporations Act reporting definitions are reflected in your reporting controls and documentation.
By following these concrete steps and explicitly mapping them to the cited paragraphs and Instruction Guide requirements, an ADI can structure a compliant process for the ARF 330.3 Other Operating Expenses reporting obligations.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(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 RBA or the ABS.
The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates within which information must be submitted to APRA by an ADI in the classes set out in the left hand column.
Class of ADI
Number of business days
Australian-owned Bank
25
Foreign Subsidiary Bank
25
Branch of a Foreign Bank
25
Building Society
15
Credit Union[1]
15
Other ADI
25
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.
credit union means a locally incorporated ADI that assumes or uses the expression ‘credit union’ in relation to its banking business and includes Cairns Penny Savings & Loans Limited.
due date means the relevant due date under paragraph 10 or, if applicable, paragraph 11.
foreign ADI has the meaning in section 5 of the Banking Act 1959.
foreign subsidiary bank means a locally incorporated ADI in which a bank that is not locally incorporated has a stake of more than 15 per cent.
highest parent entity means an ADI that satisfies all of the following conditions:
(a) it is locally-incorporated;
(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and
(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.
locally incorporated means incorporated in Australia or in a State or Territory of Australia, by or under a Commonwealth, State or territory law.
other ADI means an ADI that is not an Australian-owned bank, a branch of a foreign bank, a building society, a credit union or a foreign subsidiary bank but does not include Cairns Penny Savings & Loans Limited.
reporting period means a period mentioned in paragraph 8 or, if applicable, paragraph 9.
stake means a stake determined under the Financial Sector (Shareholdings) Act 1998, as if the only associates that were taken into account under paragraph (b) of subclause 10(1) of the Schedule to that Act were those set out in paragraphs (h), (j) and (l) of subclause 4(1).
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Other Operating Expenses Other Operating Expenses
Other Operating Expenses
Objective of this Reporting Standard
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s other operating expenses. It should be read in conjunction with the versions of Reporting Form ARF 330.3 Other Operating Expenses designated for a ‘Licensed ADI’ and ‘Consolidated Group’ and the instructions to each version of the form (all of which are attached and form part of this Reporting Standard).
Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Data collected in Reporting Form ARF 330.3 Other Operating Expenses (ARF 330.3) is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).
Application and commencement
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs).
This Reporting Standard commences on 1 April 2018.
Information required
An ADI to which this Reporting Standard applies must provide APRA with the information required by the version of ARF 330.3 designated for a ‘Licensed ADI’ for each reporting period.
An ADI to which this Reporting Standard applies that is a highest parent entity in relation to a consolidated ADI group must also provide APRA the information required by the version of ARF 330.3 designated for a ‘Consolidated Group’ for each reporting period.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format, using the ‘Direct to APRA’ application or by a method notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
Subject to paragraph 9, an ADI to which this Reporting Standard applies 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.
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(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 RBA or the ABS.
The information required by this Reporting Standard must be provided to APRA in accordance with the table below. The right hand column of the table sets out the number of business days after the end of the reporting period to which the information relates within which information must be submitted to APRA by an ADI in the classes set out in the left hand column.
Class of ADI
Number of business days
Australian-owned Bank
25
Foreign Subsidiary Bank
25
Branch of a Foreign Bank
25
Building Society
15
Credit Union[1]
15
Other ADI
25
APRA may grant an ADI an extension of a due date in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
All information provided by an ADI under this Reporting Standard (except for the information required under paragraph 6) must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI as set out in Prudential Standard APS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI under this Reporting Standard.
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. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer of an ADI submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.
Minor alterations to forms and instructions
APRA may make minor variations to:
(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.
If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
In this Reporting Standard:
AASB has the meaning in section 9 of the Corporations Act 2001.
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian-owned bank means a locally incorporated ADI that assumes or uses the word ‘bank’ in relation to its banking business and is not a foreign subsidiary bank.
branch of a foreign bank means a ‘foreign ADI’ as defined in section 5 of the Banking Act 1959.
building society means a locally incorporated ADI that assumes or uses the expression ‘building society’ in relation to its banking business.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
class of ADI means each of the following:
(i) Australian-owned bank;
(ii) foreign subsidiary bank;
(iii) branch of a foreign bank;
(iv) building society;
(v) credit union; and
(vi) other ADI.
consolidated ADI group means a group comprising:
(a) an ADI that is a highest parent entity; and
(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this
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