Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2006 - Reporting Standard ARS 325.0 - International Operations
Reporting periods and due datesReporting periods and due dates
Start here
Get a plain-English read of Reporting periods and due dates
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2006 - Reporting Standard ARS 325.0 - International Operations.
Reporting periods and due dates
-
Subject to paragraph 6, a locally-incorporated bank that has a foreign bank office 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 bank.
-
APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular bank, 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 bank;
(b) the extent to which the information is required for the purposes of the prudential supervision of the bank; and
(c) the requirements of the Reserve Bank of Australia or the Australian Bureau of Statistics.
-
The information required by this reporting standard must be provided to APRA by 20 business days after the end of the reporting period to which it relates.
-
APRA may grant a bank 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.