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Determinations/Financial (Other) as made
This instrument determines Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held.
Administered by: Treasury
Registered 04 Feb 2019
Tabling HistoryDate
Tabled HR12-Feb-2019
Tabled Senate12-Feb-2019

Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2019

Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held

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 720.5 ABS/RBA Equity Securities Held, 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 720.5 ABS/RBA Equity Securities Held comprises the document commencing on the following page.

 


 

Reporting Standard ARS 720.5

ABS/RBA Equity Securities Held

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 equity securities held.

It includes Reporting Form ARF 720.5 ABS/RBA Equity Securities Held 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 720.5 ABS/RBA Equity Securities Held (ARF 720.5) is used by the ABS and RBA for various purposes, including the compilation of Australia’s National Accounts. 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, where total assets’ are measured by the value reported in item 13 (column 1) on Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A).

Class of financial institution

Applicable

ADI Reporting Category A

No

ADI Reporting Category B

Yes

RFCs

Yes if total assets ≥ $500m

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 31 March 2019. 

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 quarter ended 31 March, 30 June, 30 September and 31 December.

10.         The information required by this Reporting Standard must be provided to APRA within 28 calendar days after the end of the reporting period to which the information relates.[1]

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.

 

Minor alterations to forms and instructions

16.         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 their application to the form

without changing any substantive requirement in the form or instructions.

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

Interpretation

18.         Terms that are defined in ARS 701.0 appear in bold and italics in this Reporting Standard. 

19.         In this Reporting Standard:

due date means the last day of the 28 calendar days provided for in paragraph 10 or, if applicable, the date on a notice of extension given under paragraph 12.

reporting period means a quarter ended 31 March, 30 June, 30 September or 31 December as provided for in paragraph 9 or, if applicable, the date on a notice given under paragraph 11.

20.         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_5: ABS/RBA Equity Securities Held

 

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Quarterly

Reporting Consolidation

 

Domestic

 

 

Market value

(1)

1. Total equity securities listed on the ASX and issued by residents

 

1.1  of which: Issued by related parties

 

1.2  of which: Preference shares

 

1.3  Community service organisations

 

1.4  Non-financial businesses

 

1.4.1      Private non-financial investment funds

 

1.4.2      Other private non-financial corporations

 

1.5  Financial institutions

 

1.5.1      ADIs

 

1.5.2      Registered financial corporations

 

1.5.3      Life insurance corporations

 

1.5.4      Other insurance corporations

 

1.5.5      Financial auxiliaries

 

1.5.6      Securitisers

 

1.5.7      Money-market investment funds

 

1.5.8      Non-money-market financial investment funds

 

1.5.9      Other financial institutions

 

 

 

2      Total equity securities not listed on the ASX and issued by residents

 

2.1  of which: Issued by related parties

 

2.2  of which: Preference shares

 

2.3  Community service organisations

 

2.4  Non-financial businesses

 

2.4.1      Private non-financial investment funds

 

2.4.2      Other private non-financial corporations

 

2.5  Financial institutions

 

2.5.1      ADIs

 

2.5.2      Registered financial corporations

 

2.5.3      Life insurance corporations

 

2.5.4      Other insurance corporations

 

2.5.5      Financial auxiliaries

 

2.5.6      Securitisers

 

2.5.7      Money-market investment funds

 

2.5.8      Non-money-market financial investment funds

 

2.5.9      Other financial institutions

 

 

 

3      Total equity securities issued by non-residents

 

3.1  of which: Issued by related parties

 

3.2  of which: Preference shares

 

 

 

 

 

 


Reporting Form ARF 720.5

ABS/RBA Equity Securities Held

Instructions

These instructions assist completion of Reporting Form ARF 720.5 ABS/RBA Equity Securities Held (ARF 720.5). ARF 720.5 collects information relating to equity securities held by ADIs and RFCs.

Information reported in ARF 720.5 is required primarily for purposes of the ABS and the RBA.  Items on ARF 720.5 are required for various purposes, including the compilation of Australia’s National Accounts. Information reported in ARF 720.5 may also be used by APRA for prudential and publication purposes.

Reporting level

ARF 720.5 must be completed for each ADI and RFC to which this Reporting Standard applies under paragraphs 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 720.5 must be reported as at the end of the reporting period

For reporting purposes, unless specified otherwise, enter data as a positive number.

Counterparties

Include equity securities issued by related parties and non-related parties.  Note that this treatment differs from Reporting Form ARF 720.0A ABS/RBA Statement of Financial Position (Standard) (ARF 720.0A) where equity securities issued by related parties are reported separately.

Data for resident and non-resident issuers are collected separately. Note that this treatment differs from ARF 720.0A where equity securities issued by non-residents are not separately identified. 

Values

Report closing balances at market prices effective at the reference date. Where denominated in foreign currency, convert market values in foreign to AUD at the spot rate effective as at the reference date. This valuation approach for equity securities on the ARF 720.5 may differ from the Australian Accounting Standards and ARF 720.0A depending on the classification of these assets in your institution’s statutory accounts. 

Report items on ARF 720.5 adjusted for the value of short-sold positions. That is, report the value of securities held less the value of securities short-sold. Do not include unsettled trades.

Report items on ARF 720.5 as whole dollars.

Standard Business Reporting (SBR)

Report items on ARF 720.5 with accounting type of debit (assets).  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.    

1.         Total equity securities listed on the ASX and issued by residents

Item 1 collects information about on the value of equity securities held by the ADI or RFC that were issued by resident entities and listed on the Australian Securities Exchange (ASX), by the counterparty of the issuer. 

Report all equity securities, including securities held for trading and securities not held for trading, in resident entities listed on the ASX.

Exclude equity securities issued by non-residents.  Note that this treatment differs from ARF 720.0A where equity securities issued by non-residents are not separately identified. 

Column 1

Report the market value

 

Item 1    

Report equity securities held that are listed on the ASX and were issued by residents

Item 1 is a derived item.  Report the value of total equity securities held in item 1 as the sum of item 1.3, item 1.4 and item 1.5.  

Item 1.1                      

Of the amount reported in item 1, report the value issued by residents that are related parties

Item 1.2                      

Of the amount reported in item 1, report the value of preference shares.

Item 1.3                      

Report equity securities held that were issued by resident community service organisations

Item 1.4                      

Report equity securities held that were issued by resident non-financial businesses

Item 1.4 is a derived item.  Report the value of equity securities held in item 1.4 as the sum of item 1.4.1 and item 1.4.2.    

Item 1.4.1                

Report equity securities held that were issued by resident private non-financial investment funds

Item 1.4.2                

Report equity securities held that were issued by resident other private non-financial corporations

Item 1.5                      

Report equity securities held that were issued by resident financial institutions.  

Item 1.5.1                

Report equity securities held that were issued by resident ADIs.  

Item 1.5.2                

Report equity securities held that were issued by resident registered financial corporations.

Item 1.5.3                

Report equity securities held that were issued by resident life insurance corporations.

Item 1.5.4                

Report equity securities held that were issued by resident other insurance corporations.

Item 1.5.5                

Report equity securities held that were issued by resident financial auxiliaries.

Item 1.5.6                

Report equity securities held that were issued by resident securitisers.

Item 1.5.7                

Report equity securities held that were issued by resident money-market investment funds

Item 1.5.8                

Report equity securities held that were issued by resident non-money-market financial investment funds.

Item 1.5.9                

Report equity securities held that were issued by resident financial institutions other than those reported in items 1.5.1 to 1.5.8. 

Include:

·                self-managed superannuation funds;

·                other superannuation funds; and

·                financial institution n.e.c.

·                Item 1.5.9 is a derived item.  Report the value of equity securities held in item 1.5.9 as item 1.5 less the sum of items 1.5.1 to 1.5.8 inclusive.   

2.         Total equity securities not listed on the ASX and issued by residents

Item 2 collects information on the value of equity securities held by the ADI or RFC that were issued by resident entities and not listed on the Australian Securities Exchange (ASX), by the counterparty of the issuer. 

Report all equity securities, including securities held for trading and securities not held for trading, in resident entities that are not listed on the ASX.

Exclude equity securities issued by non-residents.  Note that this treatment differs from the ARF 720.0A where equity securities issued by non-residents are not separately identified. 

Column 1

Report the market value

 

Item 2    

Report equity securities held that are not listed on the ASX and were issued by residents

Item 2 is a derived item.  Report the value of total equity securities held in item 2 as the sum of items 2.3, 2.4 and 2.5.  

Item 2.1                      

Of the amount reported in item 2, report the value issued by residents that are related parties

Item 2.2                      

Of the amount reported in item 2, report the value of preference shares.

Item 2.3                      

Report equity securities held that were issued by resident community service organisations.  

Item 2.4                      

Report equity securities held that were issued by resident non-financial businesses

Item 2.4 is a derived item.  Report the value of equity securities held in item 2.4 as the sum of item 2.4.1 and item 2.4.2.    

Item 2.4.1                

Report equity securities held that were issued by resident private non-financial investment funds

Item 2.4.2                

Report equity securities held that were issued by resident other private non-financial corporations

Item 2.5                      

Report equity securities held that were issued by resident financial institutions

Item 2.5.1                

Report equity securities held that were issued by resident ADIs.  

Item 2.5.2                

Report equity securities held that were issued by resident registered financial corporations.

Item 2.5.3                

Report equity securities held that were issued by resident life insurance corporations.

Item 2.5.4                

Report equity securities held that were issued by resident other insurance corporations.

Item 2.5.5                

Report equity securities held that were issued by resident financial auxiliaries.

Item 2.5.6                

Report equity securities held that were issued by resident securitisers.  

Item 2.5.7                

Report equity securities held that were issued by resident money-market investment funds

Item 2.5.8                

Report equity securities held that were issued by resident non-money-market financial investment funds.

Item 2.5.9                

Report equity securities held that were issued by resident financial institutions other than those reported in items 2.5.1 to 2.5.8. 

Include:

·                self-managed superannuation funds;

·                other superannuation funds; and

·                financial institution n.e.c..

·                Item 2.5.9 is a derived item.  Report the value of equity securities held in item 2.5.9 as item 2.5 less the sum of items 2.5.1 to 2.5.8 inclusive. 

3.         Total equity securities issued by non-residents

Item 3 collects information on the value of equity securities held by the ADI or RFC that were issued by non-resident entities.

Report all equity securities, including securities held for trading and securities not held for trading, in non-resident entities regardless of whether they are listed on an exchange.

Exclude equity securities issued by residents.  Note that this treatment differs from the ARF 720.0A where equity securities issued by residents are not separately identified. 

Column 1

Report the market value

 

Item 3    

Report equity securities held that were issued by non-residents

Item 3.1                      

Of the amount reported in item 3, report the value issued by related parties

Item 3.2                      

Of the amount reported in item 3, report the value of preference shares

 



[1] To avoid 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.