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July 2019

Modernised economic and financial statistics

Over the past few years, the Australian Prudential Regulation Authority (APRA), the Australian Bureau of Statistics (ABS) and the Reserve Bank of Australia (RBA) have worked to modernise Australia’s financial sector data.

The Economic and Financial Statistics (EFS) collection – previously informally known as the Domestic Books collection – will be administered on behalf of the ABS and the RBA by APRA in its role as national statistical agency for the financial sector. It consists of data collected from authorised-deposit-taking institutions (including banks, building societies and credit unions) and registered financial corporations. The data collected will be used to compile key macroeconomic indicators for Australia, for analysis and policy purposes by economic policy makers, and to meet Australia’s international reporting obligations. This has been a large scale and complex project, involving considerable collaboration between the three agencies and the industry.

The new collection will be implemented in a phased approach, with the first phase commencing in March 2019. APRA, the ABS and the RBA will be publishing data from the new collection during 2019. More information on changes to individual agencies’ publications will be published on the relevant agency’s website.

For more information read the EFS frequently asked questions.

Consultation on proposed ARS 722.0 ABS/RBA Derivatives Data Collection

APRA requests feedback from interested stakeholders on a draft Reporting Standard ARS 722.0 ABS/RBA Derivatives. The proposed draft standard will be used to collect quarterly data on authorised deposit-taking institutions and registered financial corporations derivatives activity.

Written submissions are requested by 18 June 2019. See information relating to this consultation under March 2019.

The response to submissions on draft Reporting Standard ARS 722.0 ABS/RBA Derivatives can be found under November 2019.

Consultation on proposed changes to reporting consolidation for securitisation special purpose vehicles

APRA requested feedback from interested stakeholders on proposed changes to reporting requirements for RFCs that are not a related party of an ADI. APRA proposed changes to the EFS data collection, relating to the consolidation of securitisation special purpose vehicles (SPVs).

This consultation closed on 1 June 2019. See information relating to this consultation under May 2019, and the final response letter, reporting standard and reporting practice guide under July 2019.

Consultation on proposed changes to reporting and prudential standards resulting from modernised economic and financial statistics data collection implementation

On 19 June 2019, APRA released a response letter on consequential amendments to a number of authorised deposit-taking institution (ADI) prudential and reporting standards resulting from the implementation of the modernised Economic and Financial Statistics (EFS) data collection and introduction of the new Accounting Standard AASB 9 Financial Instruments (AASB 9). See the response letter, draft prudential standards and draft prudential standards below under June 2019.

November 2019

On 18 November 2019, APRA released a response to submissions on a proposed Reporting Standard ARS 722.0 ABS/RBA Derivatives (ARS 722.0) within the Economic and Financial Statistics (EFS) data collection.

The response letter, the clean and marked-up versions of the reporting standard and reporting practice guide can be found below:

Response letter

Response letter: Response to submissions on proposed ARS 722.0 ABS/RBA derivatives data collection 

Reporting standard

Reporting practice guide

October 2019

On 11 October 2019, APRA granted an extension to the annual reporting periods for the Economic and Financial Statistics (EFS) data collection reporting forms completed by registered financial corporations (RFCs).

RFCs that were required to report annual data as at 31 December will be able to submit their report by the RFC's respective financial year end.

Information letter

Information letter: Modernised Economic and Financial Statistics (EFS) Data Collection - Annual reporting extension

July 2019

Response letter

Reporting standard

 Reporting practice guide

 Non-confidential submissions

June 2019 

Response letter

Draft Prudential Standards 

Prudential Standard APS 121 Covered Bonds

 

Prudential Standard APS 310 Audit and Related Matters

Draft Reporting Standards

Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated)

 

Reporting Standard ARS 323.0 Statement of Financial Position (Licensed ADI)

May 2019

Consultation letter

Draft reporting standards

Reporting Standard ARS 701.0 ABS/RBA Definitions

Draft reporting practice guide

RPG 701.0 ABS/RBA Reporting Concepts for the EFS Collection

March 2019

Consultation letter

Draft reporting standards

Draft reporting practice guide

February 2019

Parallel Run Reporting Letter

January 2019

Response paper

Updated reporting practice guide

RPG 701.0 ABS/RBA Reporting Concepts for the EFS Collection

Updated reporting standards

Reporting Standard ARS 701.0 ABS/RBA Definitions
Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position
Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases
Reporting Standard ARS 720.2 ABS/RBA Deposits
Reporting Standard ARS 720.3 ABS/RBA Intra-group Assets and Liabilities
Reporting Standard ARS 720.4 ABS/RBA Debt Securities Held
Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held
Reporting Standard ARS 720.6 ABS/RBA Securities on Issue
Reporting Standard ARS 720.7 ABS/RBA Bill Acceptances and Endorsements
Reporting Standard ARS 721.0 ABS/RBA Repurchase Agreements and Securities Lending
Reporting Standard ARS 723.0 ABS/RBA Margin Lending
Reporting Standard ARS 730.0 ABS/RBA Statement of Financial Performance
Reporting Standard ARS 730.1 ABS/RBA Fees Charged
Reporting Standard ARS 741.0 ABS/RBA Business Finance
Reporting Standard ARS 742.0 ABS/RBA Business Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 743.0 ABS/RBA Housing Finance
Reporting Standard ARS 744.0 ABS/RBA Housing Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 745.0 ABS/RBA Personal Finance
Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 747.0 ABS/RBA Deposit Stocks, Flows and Interest Rates
Reporting Standard ARS 748.0 ABS/RBA Wholesale Funding Stocks, Flows and Interest Rates
Reporting Standard RRS 710.0 ABS/RBA Audit requirements for Registered Financial Corporations - EFS collection

Consultation letter

Updated prudential standards

Prudential Standard APS 121 Covered Bonds
Prudential Standard APS 310 Audit and Related Matters

Updated reporting standards

Reporting Standard ARS 322.0 Statement of Financial Position (Consolidated)
Reporting Standard ARS 323.0 Statement of Financial Position (Licensed ADI)

September 2018

Consultation letter

 EFS forms

Updated reporting practice guide

RPG 701.0 ABS/RBA Reporting Concepts for the EFS Collection

Updated reporting standards

Reporting Standard ARS 701.0 ABS/RBA Definitions
Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position
Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases
Reporting Standard ARS 720.2 ABS/RBA Deposits
Reporting Standard ARS 720.3 ABS/RBA Intra-group Assets and Liabilities
Reporting Standard ARS 720.4 ABS/RBA Debt Securities Held
Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held
Reporting Standard ARS 720.6 ABS/RBA Securities on Issue
Reporting Standard ARS 720.7 ABS/RBA Bill Acceptances and Endorsements
Reporting Standard ARS 721.0 ABS/RBA Repurchase Agreements and Securities Lending
Reporting Standard ARS 723.0 ABS/RBA Margin Lending
Reporting Standard ARS 730.0 ABS/RBA Statement of Financial Performance
Reporting Standard ARS 730.1 ABS/RBA Fees Charged
Reporting Standard ARS 741.0 ABS/RBA Business Finance
Reporting Standard ARS 742.0 ABS/RBA Business Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 743.0 ABS/RBA Housing Finance
Reporting Standard ARS 744.0 ABS/RBA Housing Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 745.0 ABS/RBA Personal Finance
Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 747.0 ABS/RBA Deposit Stocks, Flows and Interest Rates
Reporting Standard ARS 748.0 ABS/RBA Wholesale Funding Stocks, Flows and Interest Rates

July 2018

EFS audit engagement

EFS audit webinar recording

 June 2018

Priority listing

EFS forms

May 2018

Updated reporting standards

Reporting Standard ARS 720.6 ABS/RBA Securities on Issue
Reporting Standard ARS 721.0 ABS/RBA Repurchase Agreements and Securities Lending
Reporting Standard ARS 723.0 ABS/RBA Margin Lending
Reporting Standard ARS 730.0 ABS/RBA Statement of Financial Performance
Reporting Standard ARS 730.1 ABS/RBA Fees Charged​
Reporting Standard ARS 747.0 ABS/RBA Deposit Stocks, Flows and Interest Rates

EFS engagement

April 2018 

Updated reporting practice guide

Reporting Practice Guide RPG 702.0 ABS/RBA Data Quality for the EFS Collection

March 2018

Updated reporting standards

Reporting Standard ARS 701.0 ABS/RBA Definitions
Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position
Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases​
Reporting Standard ARS 720.2 ABS/RBA Deposits ​
Reporting Standard ARS 720.3 ABS/RBA Intra-group Assets and Liabilities ​
Reporting Standard ARS 720.4 ABS/RBA Debt Securities Held ​
Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held
Reporting Standard ARS 720.6 ABS/RBA Securities on Issue
Reporting Standard ARS 720.7 ABS/RBA Bill Acceptances and Endorsements
Reporting Standard ARS 721.0 ABS/RBA Repurchase Agreements and Securities Lending
Reporting Standard ARS 723.0 ABS/RBA Margin Lending  
Reporting Standard ARS 730.0 ABS/RBA Statement of Financial Performance
Reporting Standard ARS 730.1 ABS/RBA Fees Charged​
Reporting Standard ARS 741.0 ABS/RBA Business Finance
Reporting Standard ARS 742.0 ABS/RBA Business Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 743.0 ABS/RBA Housing Finance​
Reporting Standard ARS 744.0 ABS/RBA Housing Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 745.0 ABS/RBA Personal Finance​
Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 747.0 ABS/RBA Deposit Stocks, Flows and Interest Rates
Reporting Standard ARS 748.0 ABS/RBA Wholesale Funding Stocks, Flows and Interest Rates

March 2018

Response paper

Reporting practice guide 

Reporting standard

 Non-confidential submissions

 August 2017

Response paper

Proposed reporting practice guide

Proposed reporting standard

Definitions standard and guidance 

Reporting Standard ARS 701.0 ABS/RBA Definitions

Draft reporting standards

Note: Includes relevant form(s) and instructions

Reporting Standard ARS 720.0 ABS/RBA Statement of Financial Position
Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases​
Reporting Standard ARS 720.2 ABS/RBA Deposits ​
Reporting Standard ARS 720.3 ABS/RBA Intra-group Assets and Liabilities ​
Reporting Standard ARS 720.4 ABS/RBA Debt Securities Held ​
Reporting Standard ARS 720.5 ABS/RBA Equity Securities Held
​Reporting Standard ARS 720.6 ABS/RBA Securities on Issue
​Reporting Standard ARS 720.7 ABS/RBA Bill Acceptances and Endorsements
Reporting Standard ARS 721.0 ABS/RBA Repurchase Agreements and Securities Lending
Reporting Standard ARS 723.0 ABS/RBA Margin Lending  
Reporting Standard ARS 730.0 ABS/RBA Statement of Financial Performance ​
Reporting Standard ARS 730.1 ABS/RBA Fees Charged​
​Reporting Standard ARS 741.0 ABS/RBA Business Finance
Reporting Standard ARS 742.0 ABS/RBA Business Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 743.0 ABS/RBA Housing Finance​
Reporting Standard ARS 744.0 ABS/RBA Housing Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 745.0 ABS/RBA Personal Finance​
Reporting Standard ARS 746.0 ABS/RBA Personal Credit Stocks, Flows and Interest Rates
Reporting Standard ARS 747.0 ABS/RBA Deposit Stocks, Flows and Interest Rates
​Reporting Standard ARS 748.0 ABS/RBA Wholesale Funding Stocks, Flows and Interest Rates

Draft reporting forms

Non-confidential submissions

 January 2017

Discussion paper

Definitions standard and guidance

 Quality standard and guidance

 Proposed reporting standards

 Proposed reporting forms

Proposed reporting standard 

Note: amended to remove monthly reporting requirements.

Plain English Taxonomy (PET) 

Note on submissions

It is APRA's policy to publish all submissions on the APRA website unless the respondent specifically tells APRA in writing that all or part of the submission is to remain confidential. An automatically generated confidentiality statement in an email does not satisfy this purpose. If you would like only part of your submission to be confidential, you should provide this information marked as 'confidential' in a separate attachment.