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Financial Sector (Collection of Data) (reporting standard) determination No. 32 of 2016 - Reporting standard RRS 392.0 - Housing Finance
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 32 of 2016 - Reporting standard RRS 392.0 - Housing Finance.
Alterations and additions refer to any structural or non-structural change that is integral to the dwelling.
Include:
• all secured loans for structural and non-structural changes to dwellings (e.g.
garages, carports, pergolas, re-roofing, re-cladding etc.) Exclude:
• all unsecured loans for structural and non-structural changes to dwellings; and
• all loans for repairs and maintenance, swimming pools and other home improvements not involving building.
8. Total new lending commitments (sum of question 6 and 7)
The total value of Question 8 should equal Question 1b.