Australian Government SME Recovery Loan Australian Government SME Recovery Loan Scheme — Flood (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. 44 of 2021.

Reporting Form ARF 920.8

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

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.8 Australian Government SME Recovery Loan Scheme – Flood (Portfolio Information) (ARF 920.8). This form collects information on an authorised deposit-taking institution’s (ADI’s) or registered financial corporation’s (RFC’s) Flood scheme-backed loans to small and medium enterprises (SMEs).

Where the primary borrower was adversely affected by the floods that occurred in March 2021 in flood affected local government areas and was a recipient of the JobKeeper payment between 4 January 2021 and 28 March 2021, an ADI or RFC must provide information under Reporting Standard ARS 920.6 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – JobKeeper and not under this Reporting Standard for lending up to and including 30 September 2021.

Where the primary borrower is adversely economically affected by the Coronavirus pandemic and was adversely affected by the floods that occurred in March 2021 in flood affected local government areas, an ADI or RFC must provide information under Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme and not under this Reporting Standard for lending from 1 October 2021.

General directions and notes

Reporting entity

ARF 920.8 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 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 Flood scheme-backed loan.
Guarantee Scheme	Means the Australian Government SME Guarantee Scheme.[3]
Guarantee scheme-backed loan	Means a loan made by a lender under the Guarantee Scheme.
Impaired	Means an impaired facility as defined by the entity’s lender policies.
Interest rate	As defined in ARS 701.0.
Flood scheme-backed loan	Means a loan made by a lender under the Scheme where the primary borrower of the loan:(a) was adversely affected by the floods that occurred in March 2021; and(b) was not a recipient of the JobKeeper payment between 4 January 2021 and 28 March 2021; and(c) is not adversely economically affected by the Coronavirus pandemic.
Loans approved	Means borrower-accepted commitments as defined in ARS 701.0.
Loans refinanced	Means loans refinanced after approval that are no longer covered by the Scheme.
Lender policies	Means policies and procedures of the lender which apply in the origination, administration and management of Flood scheme-backed loans.
Past due	As defined in ARS 701.0.
Phase 1	Means those loans written under the Guarantee Scheme up to 30 September 2020.
Phase 2	Means those loans written under the Guarantee Scheme from 1 October 2020 to 30 June 2021.
Recoveries	As defined in ARS 701.0.
Scheme	Means the Australian Government SME Recovery Loan Scheme.
Securitised	Means exposures that have undergone securitisation as defined in ARS 701.0.
Unused credit available	The amount of unused credit available, calculated as the current credit limit less the credit outstanding.
Weighted average customer rate	The weighted average customer rate for the current portfolio is calculated as the sum of all drawn amounts multiplied by their respective interest rates, divided by the sum of all drawn amounts for all loans approved at the end of the relevant period.

Item 1.1	Report loans approved for Flood scheme-backed loans. Include loans that have terminated or matured. Exclude loans refinanced.
Item 1.2	Report loans approved for Flood 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 Flood 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 Flood 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 Flood scheme-backed loans.
Item 2.2	Report the unused credit available amounts of Flood scheme-backed loans.
Item 2.3	Report for Flood scheme-backed loans that are 30 days past due (consistent with lender policies).
Item 2.4	Report impaired Flood scheme-backed loans.