Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2020

Reporting Standard ARS 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme Phase 1

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) and subsection 33(3) of the Acts Interpretation Act 1901:

(a) revoke Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2020, including Reporting Standard ARS 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme made under that determination; and

(b) determine Reporting Standard ARS 920.0 Australian Government Small and Medium Enterprise (SME) Guarantee Scheme Phase 1, 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, and the revoked reporting standard shall cease to apply, on 1 October 2020.

This instrument commences on 1 October 2020.

Dated: 30 September 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 Phase 1 comprises the document commencing on the following page.

Reporting Standard ARS 920.0

Australian Government Small and Medium Enterprise (SME) Guarantee Scheme Phase 1

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 920.0 Australian Government SME Guarantee Scheme Phase 1 (Portfolio Information) (ARF 920.0) and Reporting Form ARF 920.1 Australian Government SME Guarantee Scheme Phase 1 (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.[1] This information may also be used by APRA for prudential purposes.

Application

3. This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) and registered financial corporations (RFCs) granted a guarantee under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 up to 30 September 2020.

Commencement

4. This Reporting Standard applies to reporting periods ending on or after 1 October 2020.

Information required

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.

Form and method of submission

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

Reporting periods and due dates

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.

Quality control

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.

Authorisation

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.

Minor alterations to forms and instructions

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.

Interpretation

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.

Phase 1 relates to those loans written under the Scheme up to 30 September 2020.

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 Phase 1 (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)
Portfolio to date
1.1. Loans approved
1.2. Loans approved with a director/personal guarantee
1.3. Loans cancelled or refinanced
1.4. Loans written off
1.5. Recoveries made
1.6. Guarantee claims
1.7. 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 30 days past due
2.4. Loans impaired

	Percentage
	(1)
2.5. Weighted average interest rate of the current portfolio

Reporting Form ARF 920.0

Australian Government SME Guarantee Scheme Phase 1 (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 Phase 1 (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

Reporting entity

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

Unit of measurement

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

Treatment of facilities

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

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.

Definitions

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

Credit limit	As defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (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.
Loans approved	Means borrower-accepted commitments in ARS 701.0.
Loans cancelled or refinanced	Means loans cancelled after approval or refinanced and are no longer covered by the Scheme.
Lender policies	Means policies and procedures of the lender which apply in the origination, administration and management of scheme-backed loans.
Past due	As defined in ARS 701.0
Phase 1	Means those loans written under the Scheme up to 30 September 2020.
Recoveries	As defined in ARS 701.0.
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 the current portfolio is calculated as the sum of all drawn amounts multiplied by their respective interest rates, divided by the sum of all drawn amounts for all loans approved at the end of the relevant period.

Specific instructions

Item 1: Portfolio to date

Report item 1 for all Phase 1 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 loans approved as borrower-accepted commitments for scheme-backed loans. Include loans that have terminated or matured. Exclude loans that are cancelled or refinanced.
Item 1.2	Report loans approved as borrower-accepted commitments for scheme-backed loans with a director or personal guarantee. Include loans that have terminated or matured. Exclude loans that are cancelled or refinanced.
Item 1.3	Report loans cancelled or refinanced.
Item 1.4	Report all scheme-backed loans that have been written off and deducted as a loss per relevant Australian Accounting Standards.
Item 1.5	Report recoveries made for scheme-backed loans (e.g. enforcement of security).
Item 1.6	Report all guarantee claims. Include claims that have been made in prior periods.
Item 1.7	Report amounts of guarantee claims that have been paid to the entity. Include claims that have been paid in prior periods.

Item 2: Portfolio as at the end of the current period

Report items 2.1 to 2.4 for all Phase 1 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 for scheme-backed loans that are 30 days past due (consistent with lender policies).
Item 2.4	Report impaired scheme-backed loans.

Report item 2.5 as a weighted average of all loans approved for the current portfolio of Phase 1 scheme-backed loans.

Column 1

Report the percentage.

Item 2.5

Report the weighted average customer rate for loans approved in the current portfolio as at the end of the reporting period.

ARF_920_1: Australian Government SME Guarantee Scheme Phase 1

(Loan Level Details)

Australian Business Number	Institution Name

Reporting Period	Scale Factor
Weekly	Whole dollars no decimal place
Reporting Consolidation
Domestic

For each approved Phase 1 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 Phase 1 (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 Phase 1 (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

Reporting entity

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

Reporting period

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 Phase 1 of the Scheme.

Unit of measurement

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

Definitions

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.
Phase 1	Means those loans written under the Scheme up to 30 September 2020.
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.

Specific instructions

Table 1: For each approved borrower for Phase 1 loans in the last reporting period

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.