Financial Sector (Collection of Data) (reporting standard) determination No. 27 of 2021
Reporting Standard ARS 720.2 ABS/RBA Deposits
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) and subsection 33(3) of the Acts Interpretation Act 1901:
(a) revoke Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2019, including Reporting Standard ARS 720.2 ABS/RBA Deposits made under that Determination; and
(b) determine Reporting Standard ARS 720.2 ABS/RBA Deposits, 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, and the revoked reporting standard shall cease to apply, on the day it is registered on the Federal Register of Legislation.
This instrument commences upon registration on the Federal Register of Legislation.
Dated: 30 July 2021
[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 720.2 ABS/RBA Deposits comprises the document commencing on the following page.
Reporting Standard ARS 720.2
ABS/RBA Deposits
Objective of this Reporting Standard
This Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s or registered financial corporation’s deposits.
It includes Reporting Form ARF 720.2A ABS/RBA Deposits (Standard) and Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) 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 720.2A ABS/RBA Deposits (Standard) (ARF 720.2A) and Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) (ARF 720.2B) is used by the ABS and RBA for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. 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) or registered financial corporation (RFC) as set out in the table below.
Class of financial institution | ARF 720.2A | ARF 720.2B |
ADI Reporting Category A | No | Yes if total assets ≥ $200m |
ADI Reporting Category B | Yes | No |
RFCs | No | Yes if total assets ≥ $50m |
Note: ‘total assets’ is measured in accordance with paragraph 9.
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 September 2021.
Information required
7. An ADI or RFC 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 by an ADI or RFC to which this Reporting Standard applies under paragraphs 4 or 5:
(a) in respect of each calendar month by an ADI in ADI Reporting Category B, an ADI in ADI Reporting Category A with total assets ≥ $200 million and by an RFC with total assets ≥ $400 million; and
(b) in respect of each financial year (within the meaning of the Corporations Act 2001) of the RFC, by an RFC with total assets < $400 million.
Note:
- An ADI’s ‘total assets’ is measured by the value reported in item 13 (column 1) on ARF 720.0A/B or the value reported in item 11 (column 1) on Reporting Form ARF 323.0 Statement of Financial Position (Licensed ADI) (ARF 323.0) as at 31 December of the prior calendar year.
2. The ‘total assets’ for an RFC is measured by the value reported in item 13 (column 1) on ARF 720.0A as at the last day of the RFC’s prior financial year (within the meaning of the Corporations Act 2001).
10. 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.
11. APRA may, by notice in writing, 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 extent to which the information is required for the purposes of the ABS or RBA.
12. APRA may grant an ADI or RFC 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.
Interpretation
16. Terms that are defined in ARS 701.1 appear in bold and italics in this Reporting Standard.
17. In this Reporting Standard:
due date means the last day of the 10 business days provided for in paragraph 10 or, if applicable, the date on a notice of extension given under paragraph 12.
reporting period means a month of a year as provided for in paragraph 9 or, if applicable, the date on a notice given under paragraph 11.
18. 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.
ARF_720_2A: ABS/RBA Deposits (Standard) |
Australian Business Number | Institution Name |
| |
Reporting Period | Scale Factor |
Monthly | |
Reporting Consolidation | |
Domestic | |
| Transaction | Non-transaction | |
| Total | of which: Denominated in FX (AUD equivalent) | Fixed-term deposits | of which: Denominated in FX (AUD equivalent) | Other non-transaction deposits | of which: Denominated in FX (AUD equivalent) | Total deposits |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) |
- Total deposits
| | | | | | | |
1.1. Resident deposits | | | | | | | |
1.1.1. Households | | | | | | | |
1.1.1.1. of which: Housing loan offset accounts | | | | | | | |
1.1.1.2. of which: Retirement savings accounts | | | | | | | |
1.1.1.3. of which: Non-interest-bearing | | | | | | | |
1.1.2. Community service organisations | | | | | | | |
1.1.3. Non-financial businesses | | | | | | | |
1.1.3.1. Private non-financial investment funds | | | | | | | |
1.1.3.2. Other private non-financial corporations | | | | | | | |
1.1.3.3. Private unincorporated businesses | | | | | | | |
1.1.3.4. State, territory and local government non-financial corporations | | | | | | | |
1.1.3.5. Commonwealth Government non-financial corporations | | | | | | | |
1.1.4. General government | | | | | | | |
1.1.4.1. State, territory and local general government | | | | | | | |
1.1.4.2. Commonwealth general government | | | | | | | |
1.1.5. Financial institutions | | | | | | | |
1.1.5.1. RBA | | | | | | | |
1.1.5.2. ADIs | | | | | | | |
1.1.5.3. Registered financial corporations | | | | | | | |
1.1.5.4. Central borrowing authorities | | | | | | | |
1.1.5.5. Life insurance corporations | | | | | | | |
1.1.5.6. Other insurance corporations | | | | | | | |
1.1.5.7. Self-managed superannuation funds | | | | | | | |
1.1.5.8. Other superannuation funds | | | | | | | |
1.1.5.9. Financial auxiliaries | | | | | | | |
1.1.5.9.1. of which: Clearing houses and central counterparties | | | | | | | |
1.1.5.10. Securitisers | | | | | | | |
1.1.5.11. Money-market investment funds | | | | | | | |
1.1.5.12. Non-money-market financial investment funds | | | | | | | |
1.1.5.13. Financial institutions n.e.c. | | | | | | | |
1.2. Non-resident deposits | | | | | | | |
1.2.1. of which: Clearing houses and central counterparties | | | | | | | |
Reporting Form ARF 720.2A
ABS/RBA Deposits (Standard)
Instructions
These instructions assist completion of Reporting Form ARF 720.2A ABS/RBA Deposits (Standard) (ARF 720.2A). ARF 720.2A collects information relating to deposits.
Information reported in ARF 720.2A is required primarily for purposes of the ABS and the RBA. Items on ARF 720.2A are required for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. Information reported in ARF 720.2A may also be used by APRA for prudential and publication purposes.
Reporting level
ARF 720.2A must be completed by each ADI to which this Reporting Standard applies under paragraph 4 or 5.
Reporting basis and unit of measurement
These instructions specify the reporting basis and unit of measurement that applies to each item.
Items on ARF 720.2A must be reported as at the end of the reporting period.
For reporting purposes, unless specified otherwise, enter data as a positive number.
Counterparties
Exclude deposits by related parties (intra-group deposits). Detail on intra-group deposits is reported on Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3).
Data for residents and non-residents are collected separately. Note that this treatment differs from Reporting Form ARF 720.0A/B Statement of Financial Position (Standard) (ARF 720.0A), where deposits by non-residents are not separately identified.
Values
Report all items on the ARF 720.2A in accordance with Australian Accounting Standards unless otherwise specified.
Report monetary amounts on ARF 720.2A in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates (AASB 121).
Report items on ARF 720.2A in whole dollars.
Standard Business Reporting (SBR)
Report items on ARF 720.2A with accounting type of credit (liabilities). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment of the item collected.
Specific instructions
Terms highlighted in bold italics are defined in 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.
- Total deposits
Item 1 collects information on the value of deposits by counterparty of the depositor and type of deposit account.
Column 1 | Report the value of transaction deposit balances. |
Column 2 | Of the amount reported in column 1, report the value that is denominated in a foreign currency. |
Column 3 | Report the value of fixed-term deposit balances. |
Column 4 | Of the amount reported in column 3, report the value that is denominated in a foreign currency. |
Column 5 | Report the value of other non-transaction deposit balances. |
Column 6 | Of the amount reported in column 5, report the value that is denominated in a foreign currency. |
Column 7 | Report the value of total deposit balances. Column 7 is a derived column. Report the value of total deposits in column 7 as the sum of column 1, column 3, and column 5. |
Item 1 | Report total deposits. Item 1 is a derived item. Report the value of total deposits in item 1 as the sum of item 1.1 and item 1.2. For column 7, item 1 also equals the value of deposits reported in item 14 (column 1) on ARF 720.0A. |
Item 1.1 | Report deposits by residents. Item 1.1 is a derived item. Report the value of deposits in item 1.1 as the sum of items 1.1.1, 1.1.2, 1.1.3, 1.1.4 and 1.1.5. |
Item 1.1.1 | Report deposits by resident households. |
Item 1.1.1.1 | Of the amount reported in item 1.1.1, report the value of that is in offset accounts linked to housing loans. |
Item 1.1.1.2 | Of the amount reported in item 1.1.1, report the value in retirement savings accounts. |
Item 1.1.1.3 | Of the amount reported in item 1.1.1, report the value that is non-interest-bearing. |
Item 1.1.2 | Report deposits by resident community service organisations. |
Item 1.1.3 | Report deposits by resident non-financial businesses. Item 1.1.3 is a derived item. Report the value of deposits in item 1.1.3 as the sum of items 1.1.3.1 to 1.1.3.5 inclusive. |
Item 1.1.3.1 | Report deposits by resident private non-financial investment funds. |
Item 1.1.3.2 | Report deposits by resident other private non-financial corporations. |
Item 1.1.3.3 | Report deposits by resident private unincorporated businesses. |
Item 1.1.3.4 | Report deposits by resident state, territory and local government non-financial corporations. |
Item 1.1.3.5 | Report deposits by Commonwealth Government non-financial corporations. |
Item 1.1.4 | Report deposits by resident general government. Item 1.1.4 is a derived item. Report the value of deposits in item 1.1.4 as the sum of item 1.1.4.1 and item 1.1.4.2. |
Item 1.1.4.1 | Report deposits by resident state, territory and local general government. |
Item 1.1.4.2 | Report deposits by Commonwealth general government. |
Item 1.1.5 | Report deposits by resident financial institutions. Item 1.1.5 is a derived item. Report the value of deposits in item 1.1.5 as the sum of items 1.1.5.1 to 1.1.5.9 inclusive and items 1.1.5.10 to 1.1.5.13 inclusive. |
Item 1.1.5.1 | Report deposits by RBA. |
Item 1.1.5.2 | Report deposits by resident ADIs. |
Item 1.1.5.3 | Report deposits by resident registered financial corporations. |
Item 1.1.5.4 | Report deposits by resident central borrowing authorities. |
Item 1.1.5.5 | Report deposits by resident life insurance corporations. |
Item 1.1.5.6 | Report deposits by resident other insurance corporations. |
Item 1.1.5.7 | Report deposits by resident self-managed superannuation funds. |
Item 1.1.5.8 | Report deposits by resident other superannuation funds. |
Item 1.1.5.9 | Report deposits by resident financial auxiliaries. |
Item 1.1.5.9.1 | Of the amount reported in item 1.1.5.9, report the value of deposits by resident clearing houses and central counterparties. |
Item 1.1.5.10 | Report deposits by resident securitisers. |
Item 1.1.5.11 | Report deposits by resident money-market investment funds. |
Item 1.1.5.12 | Report deposits by resident non-money-market financial investment funds. |
Item 1.1.5.13 | Report deposits by resident financial institutions n.e.c. |
Item 1.2 | Report deposits by non-residents. |
Item 1.2.1 | Of the total reported in item 1.2, report the value of deposits by non-resident clearing houses and central counterparties. |
ARF_720_2B: ABS/RBA Deposits (Reduced) |
Australian Business Number | Institution Name |
| |
Reporting Period | Scale Factor |
Monthly | |
Reporting Consolidation | |
Domestic | |
| Transaction | Non-transaction | |
| Total | Fixed-term deposits | Other non-transaction deposits | Total deposits |
| (1) | (2) | (3) | (4) |
- Total deposits
| | | | |
1.1. Resident deposits | | | | |
1.1.1. Households | | | | |
1.1.1.1. of which: Housing loan offset accounts | | | | |
1.1.1.2. of which: Retirement savings accounts | | | | |
1.1.1.3. of which: Non-interest-bearing | | | | |
1.1.2. Community service organisations | | | | |
1.1.3. Non-financial businesses | | | | |
1.1.3.1. Private non-financial investment funds | | | | |
1.1.3.2. Other private non-financial corporations | | | | |
1.1.3.3. Private unincorporated businesses | | | | |
1.1.3.4. State, territory and local government non-financial corporations | | | | |
1.1.3.5. Commonwealth Government non-financial corporations | | | | |
1.1.4. General government | | | | |
1.1.4.1. State, territory and local general government | | | | |
1.1.4.2. Commonwealth general government | | | | |
1.1.5. Financial institutions | | | | |
1.1.5.1. RBA | | | | |
1.1.5.2. ADIs | | | | |
1.1.5.3. Registered financial corporations | | | | |
1.1.5.4. Central borrowing authorities | | | | |
1.1.5.5. Life insurance corporations | | | | |
1.1.5.6. Other insurance corporations | | | | |
1.1.5.7. Self-managed superannuation funds | | | | |
1.1.5.8. Other superannuation funds | | | | |
1.1.5.9. Financial auxiliaries | | | | |
1.1.5.10. Securitisers | | | | |
1.1.5.11. Money-market investment funds | | | | |
1.1.5.12. Non-money-market financial investment funds | | | | |
1.1.5.13. Financial institutions n.e.c. | | | | |
1.2. Non-resident deposits | | | | |
Reporting Form 720.2B
ABS/RBA Deposits (Reduced)
Instructions
These instructions assist completion of Reporting Form ARF 720.2B ABS/RBA Deposits (Reduced) (ARF 720.2B). ARF 720.2B collects information relating to deposits.
Information reported in ARF 720.2B is required primarily for purposes of the ABS and the RBA. Items on ARF 720.2B are required for various purposes, including the compilation of Australia’s National Accounts and the calculation of the monetary aggregates. Information reported in ARF 720.2B may also be used by APRA for prudential and publication purposes.
Reporting level
ARF 720.2B must be completed be completed by each ADI and RFC to which this Reporting Standard applies under paragraph 4 or 5.
Reporting basis and unit of measurement
These instructions specify the reporting basis and unit of measurement that applies to each item.
Items on ARF 720.2B must be reported as at the end of the reporting period.
For reporting purposes, unless specified otherwise, data are to be entered as a positive number.
Counterparties
Exclude deposits by related parties (intra-group deposits). Detail on intra-group deposits is reported on Reporting Form ARF 720.3 ABS/RBA Intra-group Assets and Liabilities (ARF 720.3).
Data for residents and non-residents are collected separately. Note that this treatment differs from Reporting Form ARF 720.0A/B Statement of Financial Position (Standard)/(Reduced) (ARF 720.0A/B), where deposits by non-residents are not separately identified.
Values
Report all items on the ARF 720.2B in accordance with Australian Accounting Standards unless otherwise specified.
Report monetary amounts on ARF 720.2B in Australian dollars or the Australian dollar equivalent of the foreign currency. Convert amounts denominated in foreign currency to AUD in accordance with AASB 121.
Items on ARF 720.2B are to be reported in whole dollars for ADIs and RFCs.
Standard Business Reporting (SBR)
Report items on ARF 720.2B with accounting type of credit (liabilities). The accounting type (i.e. credit or debit) applies to all monetary items and represents the natural accounting treatment of the item collected.
Specific instructions
Terms highlighted in bold italics are defined in 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.
- Total deposits
Item 1 collects information on the value of deposits by counterparty of the depositor and type of deposit account.
Column 1 | Report the value of transaction deposit balances. |
Column 2 | Report the value of fixed-term deposit balances. |
Column 3 | Report the value of other non-transaction deposit balances. |
Column 4 | Report the value of deposit balances. Column 4 is a derived column. Report the value of total deposits in column 4 as the sum of columns 1 to 3 inclusive. |
Item 1 | Report deposits. Item 1 is a derived item. Report the value of total deposits in item 1 as the sum of item 1.1 and item 1.2. For column 4, item 1 also equals the value of deposits reported in item 14 on ARF 720.0A/B. |
Item 1.1 | Report deposits by residents. Item 1.1 is a derived item. Report the value of deposits in item 1.1 as the sum of items 1.1.1, 1.1.2, 1.1.3, 1.1.4 and 1.1.5. |
Item 1.1.1 | Report deposits by resident households. |
Item 1.1.1.1 | Of the amount reported in item 1.1.1, report the value of offset accounts linked to housing loans. |
Item 1.1.1.2 | Of the amount reported in item 1.1.1, report the value of retirement savings accounts. |
Item 1.1.1.3 | Of the amount reported in item 1.1.1, report the value that is non-interest-bearing. |
Item 1.1.2 | Report deposits by resident community service organisations. |
Item 1.1.3 | Report deposits by resident non-financial businesses. Item 1.1.3 is a derived item. Report the value of deposits in item 1.1.3 as the sum of items 1.1.3.1 to 1.1.3.5 inclusive. |
Item 1.1.3.1 | Report deposits by resident private non-financial investment funds. |
Item 1.1.3.2 | Report deposits by resident other private non-financial corporations. |
Item 1.1.3.3 | Report deposits by resident private unincorporated businesses. |
Item 1.1.3.4 | Report deposits by resident state, territory and local government non-financial corporations. |
Item 1.1.3.5 | Report deposits by Commonwealth Government non-financial corporations. |
Item 1.1.4 | Report deposits by resident general government. Item 1.1.4 is a derived item. Report the value of deposits in item 1.1.4 as the sum of item 1.1.4.1 and item 1.1.4.2. |
Item 1.1.4.1 | Report deposits by resident state, territory and local general government. |
Item 1.1.4.2 | Report deposits by Commonwealth general government. |
Item 1.1.5 | Report deposits by resident financial institutions. Item 1.1.5 is a derived item. Report the value of deposits in item 1.1.5 as the sum of items 1.1.5.1 to 1.1.5.13 inclusive. |
Item 1.1.5.1 | Report deposits by RBA. |
Item 1.1.5.2 | Report deposits by resident ADIs. |
Item 1.1.5.3 | Report deposits by resident registered financial corporations. |
Item 1.1.5.4 | Report deposits by resident central borrowing authorities. |
Item 1.1.5.5 | Report deposits by resident life insurance corporations. |
Item 1.1.5.6 | Report deposits by resident other insurance corporations. |
Item 1.1.5.7 | Report deposits by resident self-managed superannuation funds. |
Item 1.1.5.8 | Report deposits by resident other superannuation funds. |
Item 1.1.5.9 | Report deposits by resident financial auxiliaries. |
Item 1.1.5.10 | Report deposits by resident securitisers. |
Item 1.1.5.11 | Report deposits by resident money-market investment funds. |
Item 1.1.5.12 | Report deposits by resident non-money-market financial investment funds. |
Item 1.1.5.13 | Report deposit by resident financial institutions n.e.c. |
Item 1.2 | Report deposits by non-residents. |