Proposed changes to modernised Economic and Financial Statistics (EFS) reporting standards and guidance
October 2021
On 19 October 2021, APRA released a response to submissions on the authorised deposit-taking institution Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases.
APRA, the Australian Bureau of Statistics and the Reserve Bank of Australia have updated ARS 720.1 to correctly align it with the final version of Prudential Standard APS 220 Credit Risk Management (APS 220) released in December 2019.
The response letter, clean and marked up versions of the reporting standard and non-confidential submission can be found below:
Letter
Reporting Standard
| Reporting Standard | Marked up | Clean |
|---|---|---|
| ARS 720.1 |
Non-confidential submissions
August 2021
Release of letter on further updates to Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases
On 11 August 2021, APRA released a consultation on its proposed changes to Reporting Standard ARS 720.1 ABS/RBA Loans and Finance Leases (ARS 720.1).
APRA's proposal intends to accurately align ARS 720.1 with the latest version of Prudential Standard APS 220 Credit Risk Management (APS 220) released in December 2019.
The consultation letter and the clean and marked up versions of ARS 720.1 are available below:
Letter to ADIs: Reporting standard ARS 720.1 - Consultation on changes to accurately represent revisions to APS 220.
| Reporting Standard | Clean version | Marked up version |
|---|---|---|
| ARS 720.1 |
November 2021
Response to submissions
On 24 November 2020, APRA released a response to submissions on updates to the modernised Economic and Financial Statistics (EFS) data collection reporting standards and guidance.
The response letter, the clean and marked up versions of the reporting standards and guidance can be found below:
Response letter
Reporting standards
Reporting Standard | Clean version | Marked up version |
|---|---|---|
ARS 701.0 | ||
RRS 710.0 | ||
ARS 720.0 | ||
ARS 720.1 | ||
ARS 720.2 | ||
ARS 720.3 | ||
ARS 720.4 | ||
ARS 720.5 | ||
ARS 720.6 | ||
ARS 720.71 | n/a - see footnote below | |
ARS 721.0 | ||
ARS 722.0 | ||
ARS 723.01 | n/a - see footnote below | |
ARS 730.0 | ||
ARS 730.1 | ||
ARS 741.0 | ||
ARS 742.0 | ||
ARS 743.0 | ||
ARS 744.0 | ||
ARS 745.0 | ||
ARS 746.0 | ||
ARS 747.0 | ||
ARS 748.0 |
Reporting practice guide
Footnote
1 No changes were made to ARS 720.7 and ARS 723.0 from the versions currently in effect.
August 2020
Consultation Announcement
APRA requests feedback from interested stakeholders on proposed updates to the modernised Economic and Financial Statistics (EFS) data collection reporting standards and guidance. The proposed changes are to: add guidance provided by frequently asked questions into reporting standards and guidance, ensure sufficient coverage of authorised deposit-taking institutions and registered financial corporations for publications, and to formalise deferral of collection dates.
Written submissions are requested by 25 September 2020.
Consultation Letter
Draft reporting standards
Reporting Standard | Clean version | Marked up version |
|---|---|---|
ARS 701.0 | ||
RRS 710.0 | ||
ARS 720.0 | ||
ARS 720.1 | ||
ARS 720.2 | ||
ARS 720.3 | ||
ARS 720.4 | ||
ARS 720.5 | ||
ARS 720.6 | ||
ARS 720.7 | ||
ARS 721.0 | ||
ARS 722.0 | ||
ARS 723.0 | ||
ARS 730.0 | ||
ARS 730.1 | ||
ARS 741.0 | ||
ARS 742.0 | ||
ARS 743.0 | ||
ARS 744.0 | ||
ARS 745.0 | ||
ARS 746.0 | ||
ARS 747.0 | ||
ARS 748.0 |
Draft reporting practice guide
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.
Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected by section 56 of the Australian Prudential Regulation Authority Act 1998 and will therefore be exempt from production under the FOIA.