Australian Government SME Recovery Loan Australian Government SME Recovery Loan Scheme — JobKeeper (Portfolio Information)

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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 42 of 2021.

Reporting Form ARF 920.6

Australian Government SME Recovery Loan Scheme – JobKeeper (Portfolio Information)

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.6 Australian Government SME Recovery Loan Scheme – JobKeeper (Portfolio Information) (ARF 920.6). This form collects information on an authorised deposit-taking institution’s (ADI’s) or registered financial corporation’s (RFC’s) JobKeeper scheme-backed loans to small and medium enterprises (SMEs).

Where the primary borrower was adversely affected by the floods that occurred in March 2021 and was a recipient of the JobKeeper payment between 4 January 2021 and 28 March 2021, an ADI or RFC must provide information under this Reporting Standard and not under Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood.

General directions and notes

Reporting entity

ARF 920.6 must be completed by all ADIs and RFCs to which this Reporting Standard applies under paragraph 3.

Unit of measurement

This form must be completed in whole Australian dollars (no decimal place). Percentages are to be expressed as a whole number to 2 decimal places, for example 7.5 per cent should be expressed as 7.50, not 0.075.

Treatment of facilities

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below, unless otherwise specified.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value. Exclude facilities that are entered into and subsequently cancelled, due to being raised in error.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Credit limit	As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).
Credit outstanding	As defined in ARS 701.0.
(Lending) Facility	As defined in ARS 701.0.
Guarantee claims	Means a claim made by a lender under the Scheme in respect of a JobKeeper scheme-backed loan.

Item 1.1	Report loans approved for JobKeeper scheme-backed loans. Include loans that have terminated or matured. Exclude loans refinanced.
Item 1.2	Report loans approved for JobKeeper scheme-backed loans with a director or personal guarantee. Include loans that have terminated or matured. Exclude loans refinanced.
Item 1.3	Report loans refinanced.
Item 1.4	Report all JobKeeper scheme-backed loans that have been written off and deducted as a loss per relevant Australian Accounting Standards.
Item 1.5	Report recoveries made for JobKeeper scheme-backed loans (e.g. enforcement of security).
Item 1.6	Report all guarantee claims. Include claims that have been made in prior periods.
Item 1.7	Report amounts of guarantee claims that have been paid to the entity. Include claims that have been paid in prior periods.

Item 2.1	Report the credit outstanding amounts of JobKeeper scheme-backed loans.
Item 2.2	Report the unused credit available amounts of JobKeeper scheme-backed loans.
Item 2.3	Report for JobKeeper scheme-backed loans that are 30 days past due (consistent with lender policies).
Item 2.4	Report impaired JobKeeper scheme-backed loans.