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Adopting Standard Business Reporting (SBR)

How do I reduce my regulatory burden by streamlining my reporting?

The answer is to use XBRL 2.1 and the SBR Taxonomy to tag your data, generate XBRL files and import the returns into D2A for APRA reporting. Re-use tagged data for other government reporting.

APRA is a part of a whole of government program – Standard Business Reporting – SBR went live with Australian Tax Office (ATO), Australian Securities & Investments Commission (ASIC) and State and Territory Revenue offices reporting in July 2010.  APRA went live on 1 July 2011.  The SBR program has created an Australian financial definitional and reporting taxonomy written in XBRL 2.1 where concepts (or data elements) between government agencies have been harmonised to streamline and reduce the reporting burden on business.

APRA reporting entities can:

  1. Download from the full SBR Definitional and Reporting taxonomies that include all data on APRA reporting collected via D2A or use the SBR tab in D2A to download the reporting taxonomies.
  2. Use the taxonomies to tag source data.
  3. Upgrade D2A version to accept XBRL 2.1 imports. 
    Previously submitted data can be displayed on the screen and exported as an XBRL2.1 example report.
    D2A also has test mode feature. Refer to the D2A page for more information.

What are the benefits of Adopting SBR?

The business case for adopting SBR is a balance between a risk aversion strategy and a cost savings strategy. You will be able to realise a positive NPV if the following is taken into consideration:

  • tighter, more streamline and cleaner regulatory and operations control frameworks;
  • reduction in manual interventions;
  • improved reconciliation and movement analysis;
  • traceability, audit ability, transparency and consistency;
  • alignment of management information strategy, business reporting and regulatory reporting to use the same source data;
  • streamline reporting processes, less data manipulation, less time to produce reports; and
  • less re-submissions to APRA.

This is in addition to creating greater confidence in the regulatory reporting process.

What is SBR?

The Standard Business Reporting (SBR) is an Australian Government initiative led by Treasury that simplifies business – to – government reporting in a number of ways.

This includes the introduction of:

a single secure sign-on to submit reports to participating agencies called AUSkey.  Refer to for more information; and the creation of a single definitional taxonomy. 

What is a taxonomy?

A taxonomy is essentially a collection of concepts, similar to a dictionary that classifies and clarifies data and its use.

The capability of XBRL to communicate semantic meaning associated with specific data elements, independent of any software application or platform, makes it useful for the transmission of business and financial information to multiple company stakeholders and regulators. It enables the validation of information contained within business transmissions against the constraints defined in the taxonomy and facilitates the analysis and reuse of that business information for other purposes.

In the SBR context, the taxonomy is a collection of reportable terms and their association with accounting and related concepts. It is the language used to enable business software to send reports to government agencies. The SBR Taxonomy is based on international standards and best practice. In developing the taxonomy, participating agencies undertook a process of rationalisation/harmonisation. The process identified, defined and labelled every element of data that is reported to agencies for each of the forms in scope. Duplicate items with disparate names were harmonised under one tag whilst allowing industry specific labels for the same term in different reports. Similarly, items with the same name, but disparate definitions, were identified and uniquely tagged.

More information can be obtained from  or to view the taxonomy for the data elements collected via D2A, click on this link.

Create an adopting SBR Project?

APRA is currently putting together a package of support material to assist reporting entities adopt SBR. The package includes:

Refer to the D2A and XBRL page for some frequently requested details specific to XBRL and D2A. 

Should you require further information, please email

APRA XBRL2.0 Taxonomy has been superseded with SBR Taxonomy from July 2011

XBRL 2.0 taxonomy, which APRA introduced in 2002, has been replaced in July 2011 with the SBR Taxonomy XBRL 2.1.  Support will continue for the APRA taxonomy until 2013/14 OR until data requirements are updated.