Federal Register of Legislation
Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2019
Reporting Standard ARS 720.7 ABS/RBA Bill Acceptances and Endorsements
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 720.7 ABS/RBA Bill Acceptances and Endorsements, 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 8 February 2019.
This instrument commences on 8 February 2019.
Dated: 1 February 2019
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 720.7 ABS/RBA Bill Acceptances and Endorsements comprises the document commencing on the following page.
Reporting Standard ARS 720.7
ABS/RBA Bill Acceptances and Endorsements
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 bill acceptances and endorsements.
It includes Reporting Form ARF 720.7 ABS/RBA Bill Acceptances and Endorsements and the associated specific instructions.
Authority
1. 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 720.7 ABS/RBA Bill Acceptances and Endorsements (ARF 720.7) is used by the ABS and RBA for various purposes, including the compilation of Australia's National Accounts and the calculation of the monetary and credit aggregates. This information may also be used by APRA for prudential and publication purposes.
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