Financial Sector (Collection of Data) (reporting standard) determination No. 45 of 2021
Reporting Standard ARS 920.10Reporting Standard ARS 920.10
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Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme
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Authority
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
Information collected by Reporting Form ARF 920.10 Australian Government SME Recovery Loan Scheme (Portfolio Information) (ARF 920.10) and Reporting Form ARF 920.11 Australian Government SME Recovery Loan Scheme (Loan Level Details) (ARF 920.11) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Recovery Loan Scheme. This information may also be used by APRA for prudential purposes.
Application
This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) who are granted a guarantee under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 in relation to the Australian Government SME Recovery Loan Scheme for lending, from 1 October 2021 to 31 December 2021 or such date specified in the rules governing the Australian Government SME Recovery Loan Scheme, to businesses that are adversely economically affected by the Coronavirus pandemic.[1]
Information required
An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by ARF 920.10 and ARF 920.11 in respect of each reporting period on a domestic books consolidation.
Where the primary borrower is adversely economically affected by the Coronavirus pandemic and also was adversely affected by the floods that occurred in 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.
Form and method of submission
The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.
Reporting periods and due dates
Subject to paragraph 9 of this Reporting Standard, reporting periods under this Reporting Standard are each calendar month.
Part Reporting Standard ARS 920.10 - Financial Sector (Collection of Data) (reporting standard) determination No. 45 of 2021 - Reporting Standard ARS 920.10 | Zoe
Subject to paragraph 10 of this Reporting Standard, the information required by this Reporting Standard for the reporting periods ending on or after 30 September 2021 must be provided to APRA within 10 business days after the end of the reporting period to which the information relates.
APRA may change the reporting periods, or specified reporting periods, for a particular ADI or RFC, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(a) the particular circumstances of the ADI or RFC; and
(b) the requirements of the Commonwealth Government of Australia.
APRA may, in writing, grant an ADI or RFC an extension of a due date in which case the new due date will be the date specified in the notice of extension.
Note: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an ADI or RFC is nonetheless required to submit the information required no later than the due date.
Quality control
All information provided by an ADI or RFC under this Reporting Standard must be subject to processes and controls developed by the ADI or RFC for the internal review and authorisation of that information. These systems, processes and controls are to assure the completeness and reliability of the information provided.
Authorisation
When an officer or agent of an ADI or RFC submits information under this Reporting Standard using a method notified by APRA, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.
Interpretation
In this Reporting Standard:
ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.
APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.
Australian Government SME Recovery Loan Scheme means the scheme whereby the Minister may grant a guarantee to an ADI or RFC for loans made during the loan writing period specified in the rules governing the Australian Government SME Recovery Loan Scheme, under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020.
business days means ordinary business days, exclusive of Saturdays, Sundays and public holidays.
domestic books has the meaning given by Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection.
due date means the relevant due date under paragraph 8 or, if applicable, paragraph 10.
reporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 9.
Unless the contrary intention appears, a reference to an Act, Prudential Standard, Australian Accounting Standard or Reporting Standard is a reference to the instrument as in force or existing from time to time.
Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.