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Financial Sector (Collection of Data) (reporting standard) determination No. 34 of 2016 - RRS 394.0 - Personal 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. 34 of 2016 - RRS 394.0 - Personal Finance.
| Objective of this reporting standardThis reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001. It applies to relevant registered entities. In general terms these are entities described in the Schedule to this reporting standard.Subject to what follows, this reporting standard requires a relevant registered entity to give APRA monthly statements in relation to personal finance.However, if there are two or more relevant registered entities of the same category[1] in a group of related bodies corporate (e.g. two or more money market corporations in the group), then only one of them is required to give APRA a statement in relation to personal finance in any given month. That statement must cover all relevant registered entities of the same category in the group.This reporting standard outlines the overall requirements for the provision of the required information to APRA. It should be read in conjunction with:• Form RRF 394.0.1 Personal Finance in NSW;• Form RRF 394.0.2 Personal Finance in VIC;• Form RRF 394.0.3 Personal Finance in QLD;• Form RRF 394.0.4 Personal Finance in SA;• Form RRF 394.0.5 Personal Finance in WA;• Form RRF 394.0.6 Personal Finance in TAS;• Form RRF 394.0.7 Personal Finance in NT; and• Form RRF 394.0.8 Personal Finance in ACT.the instructions to those forms, all of which are attached and form part of this reporting standard. |
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