Financial Sector (Collection of Data) (reporting standard) determination No. 21 of 2019
Reporting Standard ARS 730.1 ABS/RBA Fees Charged
Financial Sector (Collection of Data) Act 2001
I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 730.1 ABS/RBA Fees Charged, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 of the reporting standard.
Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities on 1 July 2019.
This instrument commences on 1 July 2019.
Dated: 4 June 2019
[Signed]
Alison Bliss
General Manager
Data Analytics & Insights Division
Interpretation
In this Determination:
APRA means the Australian Prudential Regulation Authority.
financial sector entity has the meaning given by section 5 of the Act.
Schedule
Reporting Standard ARS 730.1 ABS/RBA Fees Charged comprises the document commencing on the following page.
Reporting Standard ARS 730.1
ABS/RBA Fees Charged
Objective of this Reporting Standard
This Reporting Standard outlines the requirements for the provision of information to APRA relating to fees charged by an authorised deposit-taking institution.
It includes Reporting Form ARF 730.1 ABS/RBA Fees Charged and the associated specific instructions.
Authority
- This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.
Purpose
2. Information collected by Reporting Form ARF 730.1 ABS/RBA Fees Charged (ARF 730.1) is used by the ABS and RBA for policy and statistical purposes. This information may also be used by APRA for prudential and publication purposes.
3. This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).
Application and commencement
4. This Reporting Standard applies to an authorised deposit-taking institution (ADI) and registered financial corporations (RFCs) as set out in the table below, where ‘total assets’ are measured by the value reported in item 13 (column 1) on Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A).
Class of financial institution | Applicable |
ADI Reporting Category A | No |
ADI Reporting Category B | Yes if total assets ≥ $10b |
RFCs | No |
5. APRA may from time to time determine that a threshold, or a higher threshold than that specified in paragraph 4 of this Reporting Standard, will apply to a particular ADI or RFC. If APRA does so it will notify the ADI or RFC concerned in writing.
6. This Reporting Standard applies for reporting periods ending on or after 30 June 2020.
Information required
7. An ADI to which this Reporting Standard applies must provide APRA with the information required by this Reporting Standard for each reporting period on a domestic books consolidation.
Method of submission
8. The information required by this Reporting Standard must be given to APRA in electronic format using the ‘Direct to APRA’ application or by a method (i.e. a web-based solution) notified by APRA, in writing, prior to submission.
Note: the Direct to APRA application software (also known as D2A) may be obtained from APRA.
Reporting periods and due dates
9. The information required by this Reporting Standard must be provided in respect of each year ended 30 June by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5.
10. The information required by this Reporting Standard must be provided to APRA within 4 calendar months after the end of the reporting period to which the information relates.[1]
11. APRA may, by notice in writing, change the reporting periods, or specified reporting periods, for a particular ADI, 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; and
(b) the extent to which the information is required for the purposes of the ABS or RBA.
12. APRA may grant an ADI an extension of a due date, in writing, in which case the new due date for the provision of the information will be the date on the notice of extension.
Quality control
13. All information provided by an ADI or RFC under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the external auditor of the ADI or RFC as set out in Prudential Standard APS 310 Audit and Related Matters for ADIs or Reporting Standard RRS 710.0 ABS/RBA Audit Requirements for Registered Financial Corporations for RFCs. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if required by the external auditor to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by an ADI or RFC under this Reporting Standard.
14. All information provided by an ADI or RFC under this Reporting Standard must be subject to systems, 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
15. When an officer or agent of an ADI or RFC submits information under this Reporting Standard and uses the D2A application, or other method notified by APRA, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate or other digital identity credential acceptable to APRA.
Minor alterations to forms and instructions
16. APRA may make minor variations to:
(a) a form that is part of this Reporting Standard, and the instructions to such a form, to correct technical, programming or logical errors, inconsistencies or anomalies; or
(b) the instructions to a form, to clarify their application to the form
without changing any substantive requirement in the form or instructions.
17. If APRA makes such a variation it must notify in writing each ADI that is required to report under this Reporting Standard.
Interpretation
18. Terms that are defined in ARS 701.0 appear in bold and italics in this Reporting Standard.
19. In this Reporting Standard:
due date means the last day of the 4 calendar months provided for in paragraph 10 or, if applicable, the date on a notice of extension given under paragraph 12.
reporting period means a year ended 30 June as provided for in paragraph 9 or, if applicable, the date on a notice given under paragraph 11.
20. Unless the contrary intention appears, any reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force or existing from time to time.
Reporting Form ARF 730.1
ABS/RBA Fees Charged
Instructions
These instructions assist completion of Reporting Form ARF 730.1 ABS/RBA Fees Charged (ARF 730.1). ARF 730.1 collects annual statistics on fees charged by ADIs.
Information reported in ARF 730.1 is required primarily for purposes of the ABS and the RBA. This information is required for various purposes, including policy and statistical purposes. This information may also be used by APRA for prudential and publication purposes.
Reporting level
ARF 730.1 must be completed by each ADI to which this Reporting Standard applies under paragraphs 4 or 5.
Reporting basis and unit of measurement
These instructions specify the reporting basis and unit of measurement that applies to each item.
For reporting purposes, unless specified otherwise, enter data as a positive number.
Items on ARF 730.1 must be reported during the reporting period.
Counterparties
Report fees charged by the ADI’s operations/transactions in Australia (i.e. on a domestic books basis), including fees charged to residents and non-residents. Accordingly, fees charged by entities outside the scope of domestic books – such as funds management or insurance operations – are to be excluded from the data reported.
Exclude fees charged to related parties.
Fees charged
This form does not follow Australian Accounting Standards for the treatment of fees.
All fees charged by the ADI (except those explicitly excluded below) must be reported in this form. This includes fees (such as establishment fees) that are recorded as interest income in statutory accounts. Report fees charged on an accruals basis.
Report fees charged net of any waivers, exemptions or rebates afforded to the customer. Do not deduct any expenses incurred by the ADI, including expenses relating to:
- commissions paid to mortgage brokers;
- valuation fees for housing and business loans;
- loyalty program costs;
- government taxes; and
- charges imposed by the ADI’s group treasury to various business units.
Reporting by purpose
Classify finance at the lowest level at which it is able to be identified; the purpose that the funds will be used for determines where it is reported on this form. Where finance (identified at the lowest available level) is to be used for more than one purpose, classify that finance to its predominant purpose (based on the purpose for which the largest share of the funds will be used).
Values
Report monetary amounts on ARF 730.1 in Australian dollars or the Australian dollar equivalent of the foreign currency amount. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).
Report values on ARF 730.1 as whole dollars.
Standard Business Reporting (SBR)
Report items on ARF 730.1 with accounting type of debit (assets). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting type of the item collected.
Specific instructions
Terms highlighted in bold italics are defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).
All derived fields in the form are shaded in grey and are explained in words as a mathematical expression in these instructions.
Examples included under ‘Include’ and ‘Exclude’ must not be taken as an exhaustive list of items to be included or excluded.
- Fees charged on deposit accounts
Item 1 collects information on fees charged on deposit accounts by counterparty and type of deposit fee.
Include all fees associated with deposit accounts, including fees on offset accounts.
Column 1 | Report the value of account servicing fees charged. |
Column 2 | Report the value of transaction fees charged. |
Column 3 | Report the value of other deposit fees charged. |
Column 4 | Report the value of total fees charged on deposit accounts. Column 4 is a derived item. Report the value of total fees charged on deposit accounts in column 4 as the sum of columns 1 to 3 inclusive. |
Column 5 | Of the amount reported in column 3, report the value of exception fees charged. |
Column 6 | Of the amount reported in column 3, report the value of break fees charged. |
Item 1.1 | Report deposit account fees charged. Item 1.1 is a derived item. Report the value of deposit account fees charged in item 1.1 as the sum of item 1.1.1, item 1.1.2, and item 1.1.3. |
Item 1.1.1 | Report deposit account fees charged to households. Item 1.1.1 is a derived item. Report the value of deposit account fees charged in item 1.1.1 as the sum of item 1.1.1.1 and item 1.1.1.2. |
Item 1.1.1.1 | Report deposit account fees charged to households on transaction deposit accounts. |
Item 1.1.1.2 | Report deposit account fees charged to households on non-transaction deposit accounts. |
Item 1.1.2 | Report deposit account fees charged to private and public sector businesses. Item 1.1.2 is a derived item. Report the value of deposit account fees charged in item 1.1.2 as the sum of items 1.1.2.1 to 1.1.2.3 inclusive. |
Item 1.1.2.1 | Report deposit account fees charged to private and public sector businesses that are classified as small. |
Item 1.1.2.2 | Report deposit account fees charged to private and public sector businesses that are classified as medium. |
Item 1.1.2.3 | Report deposit account fees charged to private and public sector businesses that are classified as large. |
Item 1.1.3 | Report deposit account fees charged to general government. |
2. Fees charged on loans and finance leases
Item 2 collects information on fees charged on loans and finance leases by counterparty and type of fee.
Include all fees associated with loan accounts and finance leases, including fees on redraw facilities.
Include fees charged on loans and finance leases reported on-balance sheet, regardless of whether the loan or finance lease has been securitised or not (i.e. exclude off-balance sheet securitised loans and finance leases).
Exclude:
- fees on offset accounts. Report these under item 1;
- fees associated with bills of exchange. Report these under item 4; and
- fee income on loans held off-balance sheet (outside the scope of domestic books).
Column 1 | Report the value of account servicing fees charged. |
Column 2 | Report the value of transaction fees charged. |
Column 3 | Report the value of other loan and finance lease fees charged. |
Column 4 | Report the value of total fees charged on loans and finance leases. Column 4 is a derived item. Report the value of fees charged on loans and finance leases reported in column 4 as the sum of columns 1 to 3 inclusive. |
Column 5 | Of the amount reported in column 3, report the value of exception fees charged. |
Column 6 | Of the amount reported in column 3, report the value of break fees charged. |
Item 2.1 | Report fees charged on loans and finance leases. Item 2.1 is a derived item. Report the value of fees charged on loans and finance leases in item 2.1 as the sum of item 2.1.1, item 2.1.2, and item 2.1.3. |
Item 2.1.1 | Report fees charged on loans and finance leases to households. Item 2.1.1 is a derived item. Report the value of fees charged on loans and finance leases to households in item 2.1.1 as the sum of item 2.1.1.1 and item 2.1.1.2. |
Item 2.1.1.1 | Report fees charged on loans to households for the purpose of housing. Report the value before the deduction of any selling expenses such as mortgage broker commissions or valuation fees. |
Item 2.1.1.2 | Report fees charged on loans and finance leases to households for personal purposes. |
Item 2.1.1.2.1 | Of the amount reported in item 2.1.1.2, report the value of fees earned from credit cards. |
Item 2.1.2 | Report fees charged on loans and finance leases to private and public sector businesses. Item 2.1.2 is a derived item. Report the fees charged on loans and finance leases to private and public sector businesses as the sum of item 2.1.2.1, item 2.1.2.2, and item 2.1.2.3. |
Item 2.1.2.1 | Report fees charged on loans and finance leases to private and public sector businesses that are classified as small. |
Item 2.1.2.1.1 | Of the amount reported in item 2.1.2.1, report the value of fees earned from credit cards. |
Item 2.1.2.2 | Report fees charged on loans and finance leases to private and public sector businesses that are classified as medium. |
Item 2.1.2.2.1 | Of the amount reported in item 2.1.2.2, report the value of fees earned from credit cards. |
Item 2.1.2.3 | Report fees charged on loans and finance leases to private and public sector businesses that are classified as large. |
Item 2.1.2.3.1 | Of the amount reported in item 2.1.2.3, report the value of fees earned from credit cards. |
Item 2.1.3 | Report the value of fees charged on loans and finance leases to general government. |
3. Merchant fees charged
Item 3 collects information on merchant fees charged by counterparty and type of fee.
Column 1 | Report the value of per-transaction merchant fees charged on debit cards. |
Column 2 | Report the value of per-transaction merchant fees charged on credit cards. |
Column 3 | Report the value of non-transaction merchant fees charged. |
Column 4 | Report the total value of merchant fees charged. Column 4 is a derived item. Report the value of merchant fees charged in column 4 as the sum of columns 1 to 3 inclusive. |
Item 3.1 | Report total merchant fees charged. Item 3.1 is a derived item. Report the value of merchant fees charged in item 3.1 as the sum of item 3.1.1 and item 3.1.2. |
Item 3.1.1 | Report merchant fees charged to private and public sector businesses. Item 3.1.1 is a derived item. Report the value of merchant fees charged to private and public sector businesses in item 3.1.1 as the sum of items 3.1.1.1 to 3.1.1.3 inclusive. |
Item 3.1.1.1 | Report merchant fees charged to private and public sector businesses that are classified as small. |
Item 3.1.1.2 | Report merchant fees charged to private and public sector businesses that are classified as medium. |
Item 3.1.1.3 | Report merchant fees charged to private and public sector businesses that are classified as large. |
Item 3.1.2 | Report merchant fees charged to general government. |
4. Other fees charged
Item 4 collects information on other fees charged by counterparty.
Column 1 | Report the value of other fees charged. |
Column 2 | Of the amount reported in column 1, report the value of fees charged on bills of exchange. |
Item 4.1 | Report other fees charged. Item 4.1 is a derived item. Report the value of other fees charged in item 4.1 as the sum of item 4.1.1, item 4.1.2, and item 4.1.3. |
Item 4.1.1 | Report other fees charged from households. |
Item 4.1.2 | Report other fees charged from private and public sector businesses. Item 4.1.2 is a derived item. Report the value of other fees charged from private and public sector businesses in item 4.1.2 as the sum of items 4.1.2.1 to 4.1.2.3 inclusive. |
Item 4.1.2.1 | Report other fees charged from private and public sector businesses that are classified as small. |
Item 4.1.2.2 | Report other fees charged from private and public sector businesses that are classified as medium. |
Item 4.1.2.3 | Report other fees charged from private and public sector businesses that are classified as large. |
Item 4.1.3 | Report other fees charged from general government. |
5. Total fees charged
Item 5 collects information on total fees charged by counterparty. It is the sum of fees charged reported in items 1, 2, 3 and 4.
Item 5.1 | Report total fees charged. Item 5.1 is a derived item. Report the value of total fees charged in item 5.1 as the sum of item 5.1.1, item 5.1.2, and item 5.1.3. Item 5.1 must also be equal to the sum of item 1.1, column 4; item 2.1, column 4; item 3.1, column 4; and item 4.1, column 1. |
Item 5.1.1 | Report total fees charged to households. Item 5.1.1 is a derived item. Report the value of total fees charged to households in item 5.1.1 as the sum of item 1.1.1, column 4; item 2.1.1, column 4; and item 4.1.1, column 1. |
Item 5.1.2 | Report total fees charged to private and public sector businesses. Item 5.1.2 is a derived item. Report the value of total fees charged to private and public sector businesses in item 5.1.2 as the sum of items 5.1.2.1 to 5.1.2.3 inclusive. Item 5.1.2 must also be equal to the sum of item 1.1.2, column 4; item 2.1.2, column 4; item 3.1.1, column 4; and item 4.1.2, column 1. |
Item 5.1.2.1 | Report total fees charged to private and public sector businesses that are classified as small. Item 5.1.2.1 is a derived item. Report the value of fees charged to businesses classified as small in item 5.1.2.1 as the sum of item 1.1.2.1, column 4; item 2.1.2.1, column 4; item 3.1.1.1, column 4; and item 4.1.2.1, column 1. |
Item 5.1.2.2 | Report total fees charged to private and public sector businesses that are classified as medium. Item 5.1.2.2 is a derived item. Report the value of fees charged to businesses classified as medium in item 5.1.2.2 as the sum of item 1.1.2.2, column 4; item 2.1.2.2, column 4; item 3.1.1.2, column 4; and item 4.1.2.2, column 1. |
Item 5.1.2.3 | Report total fees charged to private and public sector businesses that are classified as large. Item 5.1.2.3 is a derived item. Report the value of fees charged to businesses classified as large in item 5.1.2.3 as the sum of item 1.1.2.3, column 4; item 2.1.2.3, column 4; item 3.1.1.3, column 4; and item 4.1.2.3, column 1. |
Item 5.1.3 | Report total fees charged to general government. Item 5.1.3 is a derived item. Report the value of fees charged to general government in item 5.1.3 as the sum of item 1.1.3, column 4; item 2.1.3, column 4; item 3.1.2, column 4; and item 4.1.3, column 1. |