APRA releases updated FAQs on the Economic and Financial Statistics
The Australian Prudential Regulation Authority (APRA) has released two updated frequently asked questions (FAQs) on the Reporting Form ARF 730.1 ABS/RBA Fees Charged (ARF 730.1) of the Economic and Financial Statistics (EFS) collection.
The updated FAQs provide guidance to authorised deposit-taking institutions and registered financial corporations on the data reported on ARF 730.1 regarding interchange payments and housing loan cashback offers.
The updated EFS FAQs are available on the APRA website at: Economic and financial statistics - frequently asked questions.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.