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Determinations/Financial (Other) as made
This instrument determines Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme.
Administered by: Treasury
Registered 28 Oct 2021
Tabling HistoryDate
Tabled HR22-Nov-2021
Tabled Senate22-Nov-2021

Financial Sector (Collection of Data) (reporting standard) determination No. 45 of 2021

Reporting Standard ARS 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme

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 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme, 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 on 31 October 2021.

 

This instrument commences on 31 October 2021.

 

Dated: 27 October 2021

 

 

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 920.10 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme comprises the document commencing on the following page.


 

Reporting Standard ARS 920.10

Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme

Objective of this reporting standard
This Reporting Standard sets out requirements for the provision of information to APRA relating to an authorised deposit-taking institution’s and registered financial corporation’s lending under the Australian Government SME Recovery Loan Scheme, to small and medium enterprises (SMEs) adversely economically affected by the Coronavirus pandemic. 

It includes Reporting Form ARF 920.10 Australian Government SME Recovery Loan Scheme (Portfolio Information) (ARF 920.10) and Reporting Form ARF 920.11 Australian Government SME Recovery Loan Scheme (Loan Level Details) (ARF 920.11), and 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 920.10 Australian Government SME Recovery Loan Scheme (Portfolio Information) (ARF 920.10) and Reporting Form ARF 920.11 Australian Government SME Recovery Loan Scheme (Loan Level Details) (ARF 920.11) is used for the purpose of enabling APRA to assist the Commonwealth Government administer the Australian Government SME Recovery Loan Scheme. 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) who are granted a guarantee under section 5 of the Guarantee of Lending to Small and Medium Enterprises (Coronavirus Economic Response Package) Act 2020 in relation to the Australian Government SME Recovery Loan Scheme for lending, from 1 October 2021 to 31 December 2021 or such date specified in the rules governing the Australian Government SME Recovery Loan Scheme, to businesses that are adversely economically affected by the Coronavirus pandemic.[1]

Information required

4.             An ADI or RFC to which this Reporting Standard applies must provide APRA with the information required by ARF 920.10 and ARF 920.11 in respect of each reporting period on a domestic books consolidation.

5.             Where the primary borrower is adversely economically affected by the Coronavirus pandemic and also was adversely affected by the floods that occurred in March 2021, an ADI or RFC must provide information under this Reporting Standard and not under Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood.

Form and method of submission

6.             The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA’s website or by a method notified by APRA prior to submission.

Reporting periods and due dates

7.             Subject to paragraph 9 of this Reporting Standard, reporting periods under this Reporting Standard are each calendar month.

8.             Subject to paragraph 10 of this Reporting Standard, the information required by this Reporting Standard for the reporting periods ending on or after 30 September 2021 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 or agent of an ADI or RFC submits information under this Reporting Standard using a method notified by APRA, the officer or agent must digitally sign the relevant information using a digital certificate acceptable to APRA.

Interpretation

13.         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 Recovery Loan Scheme means the scheme whereby the Minister may grant a guarantee to an ADI or RFC for loans made during the loan writing period specified in the rules governing the Australian Government SME Recovery Loan Scheme, 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.

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.

reporting period means a period mentioned in paragraph 7 or, if applicable, paragraph 9.

14.         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.

15.         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_10: Australian Government SME Recovery Loan Scheme (Portfolio Information)

 

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Monthly

Whole dollars

Reporting Consolidation

 

Domestic

 

 

Portfolio to date

 

Number

Amount

(1)

(2)

1. Portfolio to date

 

 

1.1. Loans approved

 

 

1.2. Loans approved with a director/personal guarantee

 

 

1.3. Loans 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

 

 

Number

Amount

(1)

(2)

3. Portfolio refinanced from Guarantee Scheme Phase 1 and Phase 2

 

 

 

3.1. Loans approved for the purpose of refinancing existing Guarantee Scheme Phase 1 loans

 

 

3.2. Loans approved for the purpose of refinancing existing Guarantee Scheme Phase 2 loans

 

 


Reporting Form ARF 920.10

Australian Government SME Recovery Loan Scheme (Portfolio Information)

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.10 Australian Government SME Recovery Loan Scheme (Portfolio Information) (ARF 920.10). 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).

Where the primary borrower is adversely economically affected by the Coronavirus pandemic and also was adversely affected by the floods that occurred in March 2021, an ADI or RFC must provide information under this Reporting Standard and not under Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood.

General directions and notes

Reporting entity

ARF 920.10 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 as a whole number to 2 decimal places, for example 7.5 per cent should be expressed as 7.50, not 0.075.

Treatment of facilities

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

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. Exclude facilities that are entered into and subsequently cancelled, due to being raised in error.

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.

Guarantee Scheme

Means the Australian Government SME Guarantee Scheme.[2]

Guarantee scheme-backed loan

Means a loan made by a lender under the Guarantee Scheme.

Impaired

Means an impaired facility as defined by the entity’s lender policies.

Interest rate

As defined in ARS 701.0.

Scheme-backed loan

Means a loan made by a lender under the Scheme where the primary borrower of the loan is adversely economically affected by the Coronavirus pandemic.

Loans approved

Means borrower-accepted commitments as defined in ARS 701.0.

Loans refinanced

Means loans refinanced after approval that 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 Guarantee Scheme up to 30 September 2020.

Phase 2

Means those loans written under the Guarantee Scheme from 1 October 2020 to 30 June 2021.

Recoveries

As defined in ARS 701.0.

Scheme

Means the Australian Government SME Recovery Loan 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 scheme-backed loans from the commencement of the Scheme to date. Include loans that have been securitised. Exclude facilities that are entered into and subsequently cancelled, due to being raised in error.

 

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 for scheme-backed loans. Include loans that have terminated or matured. Exclude loans refinanced.

Item 1.2

Report loans approved for scheme-backed loans with a director or personal guarantee. Include loans that have terminated or matured. Exclude loans refinanced.

Item 1.3

Report loans 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 scheme-backed loan 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 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.

 

Item 3: Portfolio refinanced from Guarantee Scheme Phase 1 and Phase 2

Report items 3.1 and 3.2 for all scheme-backed loans 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 3.1

Report the amounts of scheme-backed loans approved for the purpose of refinancing existing Phase 1 Guarantee scheme-backed loan facilities.

Item 3.2

Report the amounts of scheme-backed loans approved for the purpose of refinancing existing Phase 2 Guarantee scheme-backed loan facilities.


ARF_920_11: Australian Government SME Recovery Loan Scheme

(Loan Level Details)

 

Australian Business Number

Institution Name

Reporting Period

Scale Factor

Monthly

Whole dollars

Reporting Consolidation

 

Domestic

 

 

1. For each approved loan in the last reporting period

 

Loan identifier

Primary borrower name

Primary borrower ABN

Loan value approved

Interest rate

Guarantors

Approval date

Final repayment date

Existing customer

Additional security provided

Refinanced from

Amount refinanced

Loan identifier from previous phase

Loan type

Length of repayment holiday

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

Yes

Phase 1

 

 

Fixed-term loans

 

 

 

 

 

 

 

 

 

No

No

Phase 2

 

 

Revolving credit facilities

 

 

 

 

 

 

 

 

 

 

 

Both Phase 1 and 2

 

 

Margin lending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Reporting Form ARF 920.11

Australian Government SME Recovery Loan Scheme (Loan Level Details)

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form ARF 920.11 Australian Government SME Recovery Loan Scheme (Loan Level Details) (ARF 920.11). 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.

Where the primary borrower is adversely economically affected by the Coronavirus pandemic and also was adversely affected by the floods that occurred in March 2021, an ADI or RFC must provide information under this Reporting Standard and not under Reporting Standard ARS 920.8 Australian Government Small and Medium Enterprise (SME) Recovery Loan Scheme – Flood.

General directions and notes

Reporting entity

ARF 920.11 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 scheme-backed loans originated from the start of the Scheme.

Unit of measurement

This form must be completed in whole Australian dollars (no decimal place). Percentages are to be expressed as a whole number to 2 decimal places, for example, 7.5 per cent should be expressed as 7.50 not 0.075.

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.

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.

Guarantee Scheme

Means the Australian Government SME Guarantee Scheme.[3]

Interest rate

Means the annual interest rate when loan is written (exclusive of fees).

Scheme-backed loan

Means a loan made by a lender under the Scheme where the primary borrower of the loan is adversely economically affected by the Coronavirus pandemic.

Loan identifier

The identifier within the entity used to uniquely identify the loan.

Loan value approved

Means borrower-accepted commitment as defined in Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Phase 1

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

Phase 2

Means those loans written under the Guarantee Scheme from 1 October 2020 to 30 June 2021.

Repayment holiday

Means the initial pause in repayments (repayment holiday) for a period of time. During the repayment holiday, interest continues to accrue.

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 Recovery Loan Scheme.

Securitised

Means exposures that have undergone securitisation as defined in ARS 701.0.

 


 

Specific instructions

Table 1: For each approved borrower for scheme-backed 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 loan value approved.

Column 5

Report the interest rate.

Column 6

Report the guarantor names.

Separate guarantor names using a semicolon.

If there are no guarantors, populate this field with “Nil.”

Column 7

Report the approval date.

Column 8

Report the final repayment date.

Column 9

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 10

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.

Column 11

Report whether the scheme-backed loan is for the purpose of refinancing an existing Phase 1 or Phase 2 loan. If refinancing from both phases, report Both Phase 1 and 2.

Column 12

Report the value of the existing Phase 1 or Phase 2 loan amount that has been refinanced. If refinancing from both schemes, report the total loan amount that has been refinanced from both Phase 1 and Phase 2.

Column 13

Report the loan identifier of the original Phase 1 or Phase 2 loan that has been refinanced as a scheme-backed loan. If multiple loans are refinanced, separate the loan identifiers with a semicolon.

Column 14

Report the loan type of the scheme-backed loan. The loan types are:

·         fixed term loans;

 

·         revolving credit facilities;

 

·         margin lending; and

 

·         other.

 

The loan types are as defined in ARS 701.0. Report Other if loan type is not specified in this list.

Column 15

Report the period of the length of the repayment holiday in whole months, rounded to the nearest month. If there is no repayment holiday, report zero.

 

Item 1

Report information for each approved loan in the last reporting period. Include scheme-backed loans that have been securitised.