Federal Register of Legislation
Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2018
Reporting Standard ARS 220.3 Prescribed Provisioning
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. 20 of 2008, including Reporting Standard ARS 220.3 Prescribed Provisioning made under that Determination; and
(b) DETERMINE Reporting Standard ARS 220.3 Prescribed Provisioning, 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 April 2018.
This instrument commences on 1 April 2018.
Dated: 21 March 2018
[Signed]
Alison Bliss General Manager Data Analytics 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 220.3 Prescribed Provisioning comprises the document commencing on the following page.
Reporting Standard ARS 220.3
Prescribed Provisioning
Objective of this Reporting Standard
This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 and outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution's prescribed provisioning. It should be read in conjunction with:
* the versions of Reporting Form ARF 220.3 Prescribed Provisioning designated for a 'Licensed ADI' and 'Consolidated Group' and the associated instructions (all of which are attached and form part of this Reporting Standard); and * Prudential Standard APS 220 Credit Quality.
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