Financial Sector (Collection of Data) (reporting standard) determination No. 30 of 2006 - Reporting Standard ARS 326.0 - Offshore Banking Units
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. 30 of 2006 - Reporting Standard ARS 326.0 - Offshore Banking Units.
Reporting periods and due dates
-
Subject to paragraph 6, a bank must provide the information required by this reporting standard for each calendar month.
-
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 10 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.