Reporting Form RRF 320.0

Statement of Financial Position

Instruction Guide

General directions and notes

All Registered Financial Corporations (RFCs) that have total assets equal to or greater than $50 million, after consolidating all RFCs of the same category in a group of related bodies corporate (e.g. two or more money market corporations in the same group) on a Domestic books basis are required to file this return monthly. Consolidated reporting is preferred, but arrangements may be negotiated for less consolidated reporting.

Reporting entity

RRF 320.0 Statement of Financial Position (RRF 320.0) is to be completed by all RFCs on a Domestic books basis.

The Domestic books of the registered entity relates to the Australian books of the Australian entity and has the following scope:

• do not consolidate Australian and offshore controlled entities or associated entities that are not required to complete this form;
• exclude offshore branches of the Australian registered entity from this reporting unit;
• report the Australian consolidated entity’s operations/transactions that are booked inside Australia; and
• include transactions with non-residents recorded on Australian books. These are recorded separately in foreign assets and liabilities issued to non-residents.

Securitisation deconsolidation principle

Except where stated otherwise on this form, reporting entities must treat any securitisation program special purpose vehicles (SPVs) in which the RFC (or a member of its consolidated group) participates in accordance with APRA’s clean sale and separation requirements as non-consolidated independent third parties. As a result, for reporting purposes all assets, liabilities, revenues and expenses of these SPVs must be excluded from the RFC’s reported amounts. Where relevant, report on this form any exposure to or other transaction between the RFC and any such SPV as if such transaction was conducted with an independent third party, regardless of whether the SPV or its assets is consolidated for accounting purposes.

APRA's clean sale and separation requirements are set out in APS 120 Funds Management & Securitisation and related Guidance Notes AGN 120.3 Purchase and Supply of Assets (including Securities Issued by SPVs) and AGN 120.1 Disclosure and Separation. Whenever the clean sale and separation requirements are not met, all the assets, liabilities, revenues and expenses of the SPV are to be consolidated with the RFC’s reported amounts.

Reporting period

The form is to be completed as at the last business day of the month. All RFCs should submit the completed form to APRA within 10 business days of the end of the relevant month.