Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2008 - ARS 112.2 Standardised Credit Risk - Off-balance Sheet Exposures/ARS 118.0 Off-balance Sheet Business
Reporting periods and due datesReporting periods and due dates
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2008 - ARS 112.2 Standardised Credit Risk - Off-balance Sheet Exposures/ARS 118.0 Off-balance Sheet Business.
Reporting periods and due dates
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Subject to paragraph 7, an ADI to which this reporting standard applies must provide the information required by this reporting standard in respect of each quarter based on the financial year (within the meaning of the Corporations Act 2001) of the ADI.
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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 Reserve Bank of Australia or the Australian Bureau of Statistics.
- 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 each of the classes set out in the same row in the left hand column.
| Class of ADI | Number of business days |
|---|---|
| Bank – Advanced or Applicant Advanced | 30 |
| Bank – Standardised | 20 |
| Branch of a Foreign Bank | 20 |
| Building Society | 15 |
| Credit Union | 15 |
| Specialist Credit Card Institution (SCCI) | 15 |
| Provider of Purchased Payment Facilities | Not applicable |
| Other ADI[1] | 20 |
In certain cases an ADI will be both a "bank – advanced or applicant advanced" and a "bank – standardised". The instructions associated with ARF 112.2A set out the relevant reporting requirements and timeframes in those circumstances.
- 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.