Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2020

Reporting Standard ARS 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme

Financial Sector (Collection of Data) Act 2001

 

I, Sean Carmody, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 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 16 April 2020.

 

This instrument commences on 16 April 2020.

 

Dated: 16 April 2020

 

[Signed]

 

Sean Carmody

Executive Director

Cross-Industry Insights and Data 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 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme comprises the document commencing on the following page.

 

Reporting Standard ARS 920.0

Australian Government Small and Medium Enterprise (SME) Guarantee Scheme

  1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

2.             Information collected by Reporting Form ARF 920.0 Australian Government SME Guarantee Scheme (Portfolio Information) (ARF 920.0) and Reporting Form ARF 920.1 Australian Government SME Guarantee Scheme (Loan Level Details) (ARF 920.1) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Guarantee Scheme. This information may also be used by APRA for prudential purposes.

3.             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 Eocnomic Response Package) Act 2020

4.             This Reporting Standard applies to reporting periods ending on or after 17 April 2020.

5.             An ADI or RFC to which this reporting standard applies must provide APRA with the information required by ARF 920.0 and ARF 920.1 in respect of each reporting period on a domestic books consolidation.

6.             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 softward (also known as D2A) may be obtained from APRA.

7.             Subject to paragraph 9 of this Reporting Standard, an ADI or RFC to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each business week.

8.             Subject to paragraph 10 of this Reporting Standard, the information required by this Reporting Standard must be provided to APRA within 10 business days after the end of the reporting period to which the information relates.

9.             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.

10.         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.

11.         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.

12.         When an officer of an ADI or RFC submits information under this Reporting Standard using the D2A application, or other method notified by APRA, it will be necessary for the officer to digitally sign the relevant information using a digital certificate acceptable to APRA.

13.         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 the application to the form,

without changing any substantive requirement in the form or instructions.

14.         If APRA makes such a variation, it must notify each ADI or RFC that is required to report under this Reporting Standard.

15.         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 Guarantee Scheme means the scheme whereby the Minister may grant a guarantee to an ADI or RFC 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.

business week means the period commencing each Monday and ending the following Friday.

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.

16.         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.

17.         Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ARF_920_0: Australian Government SME Guarantee Scheme (Portfolio Information)

 

Australian Business Number

Institution Name

 

 

Reporting Period

Scale Factor

Weekly

Whole dollars no decimal place

Reporting Consolidation

 

Domestic

 

 

Portfolio to date

 

 

Number

Amount

 

(1)

(2)

  1. Portfolio to date

 

 

1.1.  Loans approved

 

 

1.2.  Loans approved with a director/personal guarantee

 

 

1.3.  Loans written off

 

 

1.4.  Guarantee claims

 

 

1.5.  Guarantee claims paid

 

 

 

Portfolio as at the end of the current period

 

 

Number

Amount

 

(1)

(2)

2.  Portfolio as at the end of the current period

 

 

2.1.  Credit outstanding

 

 

2.2.  Unused credit available

 

 

2.3.  Loans impaired

 

 

 

 

Percentage

 

(1)

2.4.  Weighted average interest rate of new originations

 

 

 

 

Reporting Form ARF 920.0

Australian Government SME Guarantee Scheme (Portfolio Information)

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.0 Australian Government SME Guarantee Scheme (Portfolio Information) (ARF 920.0). This form collects information on an authorised deposit-taking institution’s (ADI’s) or registered financial corporation’s (RFC’s) scheme-backed loans to small and medium enterprises (SMEs).

General directions and notes

ARF 920.0 must be completed by all ADIs and RFCs to which this Reporting Standard applies under paragraph 3.

This form must be completed in whole Australian dollars (no decimal place). Percentages are to be expressed to 2 decimal places.

Where there is a finance facility with a mix of interest rate or repayment types, follow the instructions below, unless otherwise specified.

When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

When reporting the value of finance, apportion across the relevant interest rate type and/or repayment type dimensions.

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

 

Borrower-accepted commitments

As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Credit limit

As defined in 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.

Impaired

Means an impaired facility as defined by the entity’s lender policies.

Interest rate

As defined in ARS 701.0.

Lender policies

Means policies and procedures of the lender which apply in the origination, administration and management of scheme-backed loans.

Scheme

Scheme means the Australian Government SME Guarantee Scheme.

Scheme-backed loan

Means a loan made by a lender under the 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.

Weighted average customer rate

The weighted average customer rate for a given reporting period is calculated as the sum of approved limits multiplied by their respective interest rates, divided by the sum of all approved limits for all borrower-accepted commitments during the relevant period.

 


Report item 1 for all scheme-backed loans from the commencement of the Scheme to date. Include loans that have been securitised.

 

Column 1

Report the number of scheme-backed loan facilities.

Column 2

Report the dollar value of scheme-backed loan facilities.

 

Item 1.1

Report borrower-accepted commitments for scheme-backed loans. Include loans that have terminated or matured.

Item 1.2

Report borrower-accepted commitments for scheme-backed loans with a a director or personal guarantee. Include loans that have terminated or matured.

Item 1.3

Report all scheme-backed loans that have been written off and deducted as a loss per relevant Australian Accounting Standards.

Item 1.4

Report all guarantee claims. Include claims that have been made in prior periods. 

Item 1.5

Report amounts of guarantee claims that have been paid to the entity. Include claims that have been paid in prior periods. 

Report items 2.1 to 2.3 for accounts that are active as at the end of the reporting period. Include loans that have been securitised.

Column 1

Report the number of scheme-backed loan facilities.

Column 2

Report the value of scheme-backed loan facilities.

 

Item 2.1

Report the credit outstanding amounts of scheme-backed loans.

Item 2.2

Report the unused credit available amounts of scheme-backed loans.

Item 2.3

Report impaired scheme-backed loans.

 

Report item 2.4 as a weighted average of all borrower-accepted commitments made during the current period.

 

Column 1

Report the percentage.

 

Item 2.4

Report the weighted average customer rate for borrower-accepted commitments during the current period.

ARF_920_1: Australian Government SME Guarantee Scheme (Loan Level Details)

 

Australian Business Number

Institution Name

 

 

Reporting Period

Scale Factor

Weekly

Whole dollars no decimal place

Reporting Consolidation

 

Domestic

 

 

  1. For each approved loan in the last reporting period

 

Loan identifier

Primary borrower name

Primary borrower ABN

Borrower-accepted commitment

Guarantors

Approval date

Final repayment date

Existing customer

Additional security provided

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

Yes

 

 

 

 

 

 

 

No

No

Reporting Form ARF 920.1

Australian Government SME Guarantee Scheme (Loan Level Details)

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.1 Australian Government SME Guarantee Scheme (Loan Level Details) (ARF 920.1). This form collects information on an authorised deposit-taking institution’s (ADI’s) or registered financial corporation’s (RFC’s) scheme backed-loans to SMEs .

General directions and notes

ARF 920.1 must be completed by all ADIs and RFCs to which this Reporting Standard applies under paragraph 3..

This form is to be completed in respect of each reporting period. For the first reporting period include all loans originated from the start of the Scheme.

This form must be completed in whole Australian dollars (no decimal place).

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

 

Approval date

Means the date when the borrower has accepted the commitment for the scheme-backed loan.

Borrower-accepted commitment

As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Final repayment date

For scheme-backed loans, the assigned maturity date for the loan initially calculated based on the term length of the loan and based on the approval date. 

Guarantor names

The complete list of full names of all the guarantors for the scheme-backed loan.

For individuals this is the full name of the natural person, as opposed to the legal entity.

For legal entities, this is the full name of the company as registered with the Australian Securities and Investments Commission (ASIC) and may include the suffix Pty Ltd.

Loan identifier

The identifier within the entity used to uniquely identify the loan.

Primary borrower name

 

The full name of the primary borrower of the loan under the Scheme.

For individuals this is the name of the natural person, as opposed to the legal entity.

For legal entities, this is the full name of the company as registered with ASIC and may include the suffix Pty Ltd.

Primary borrower Australian Business Number (ABN)

 

The unique 11 digit ABN registered at the Australian Business Register for the primary borrower of the loan under the Scheme.

Scheme

Means the Australian Government SME Guarantee Scheme.

Scheme-backed loan

Means a loan made by a lender under the Scheme.

Securitised

Means exposures that have undergone securitisation as defined in ARS 701.0.

 


.

Column 1

Report the loan identifier.

Column 2

Report the primary borrower name.

Column 3

Report the primary borrower ABN.

Column 4

Report the borrower-accepted commitment.

Column 5

Report the guarantor names.

Separate guarantor names using a semicolon.

If there are no guarantors, populate this field with “Nil.”

Column 6

Report the approval date.

Column 7

Report the final repayment date.

Column 8

Report whether the customer had an active lending relationship with the entity before commencement of the scheme-backed loan.

Report Yes  if the customer had an active lending relationship with the entity before commencement of the scheme-backed loan. Otherwise, report No. Additionally, if the customer relationship was limited to transactional deposit accounts, report No.

Column 9

Report whether the scheme-backed loan has security in addition to a personal or director guarantee.

Report Yes if the loan has security in addition to the director guarantee. Otherwise, report No.

 

Item 1

Report information for each approved loan in the last reporting period. Include scheme-backed loans that have been securitised.