Interpretation - classifications of ADIs

17. In this reporting standard:

Accounting Standard AASB 127 means the accounting standard so made by the Australian Accounting Standards Board.

ADI means an authorised deposit-taking institution within the meaning of the Banking Act 1959.

ADI list means the attached ADI list.

bank means an ADI whose name appears under the heading ‘Australian-owned Banks’, ‘Foreign Subsidiary Banks’ or ‘Branches of Foreign Banks’ in the ADI list.

building society means an ADI whose name appears under the heading ‘Building Societies’ in the ADI list.

consolidated ADI group means a group comprising:

(a) an ADI that is a highest parent entity; and

(b) each subsidiary (within the meaning of Accounting Standard AASB 127) of that ADI, whether the subsidiary is locally-incorporated or not, other than a subsidiary that is excluded by the instructions attached to this standard.

credit union means an ADI whose name appears under the heading ‘Credit Unions’ in the ADI list.

foreign ADI means an ADI that is not incorporated in Australia.

highest parent entity means an ADI that satisfies all of the following conditions:

(a) it is locally-incorporated;

(b) it has at least one subsidiary (within the meaning of Accounting Standard AASB 127); and

(c) it is not itself a subsidiary (within the meaning of Accounting Standard AASB 127) of an ADI that is locally-incorporated.

locally-incorporated means incorporated in Australia.

locally–incorporated bank means an ADI whose name appears under the heading ‘Australian-owned Banks’ or ‘Foreign Subsidiary Banks’ in the ADI list.

relevant ADI means:

(a) an ADI that is not a bank; and

(b) a bank if APRA has determined in writing that the bank is a relevant ADI for the purposes of either:

(i) this reporting standard (having regard to the particular circumstances of the bank and whether it is necessary or desirable to obtain the information required by this reporting standard for the purposes of the prudential supervision of that bank or to meet the requirements for data of the Reserve Bank of Australia or the Australian Bureau of Statistics); or

(ii) an old reporting standard (before this reporting standard came into effect), in accordance with paragraph (b) of the definition of relevant ADI in an old reporting standard.

special service provider means an ADI whose name appears under the heading ‘Other ADIs’ in the ADI list (other than Cairns Penny Savings & Loans Limited).