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Financial Sector (Collection of Data) (reporting standard) determination No. 45 of 2021
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Definitions
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| 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 scheme-backed loan. |
| Guarantee Scheme | Means the Australian Government SME Guarantee Scheme.[2] |
| 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. |
| Scheme-backed loan | Means a loan made by a lender under the Scheme where the primary borrower of the loan is 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 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. |