Regulation Impact Statement Updates

Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.

Residential mortgage reporting requirements for Authorised Deposit-taking Institutions

Aust Gov
10th April 2018

Regulation Impact Statement – Australian Prudential Regulation Authority

On 5 February 2018, the Australian Prudential Regulation Authority (APRA) released its new Reporting Standard ARS 223.0 Residential Mortgage Lending (ARS223.0) for authorised deposit-taking institutions (ADIs)

ARS 223.0 is a new reporting standard that requires all locally incorporated ADIs providing residential mortgage lending to report information on portfolio stock and new lending activity each quarter. The new standard aligns definitions with APRA’s Economic and Financial Statistics (EFS) data collection, reducing duplication for industry. It also provides for more granular data collection to assist APRA in monitoring potential prudential and financial stability risk in residential mortgage lending practices. This improved data collection is also expected to limit APRA’s ad hoc requests for supplementary information from industry.

A Regulation Impact Statement (RIS) was prepared by APRA and was assessed as compliant and consistent with best practice by the Office of Best Practice Regulation (OBPR).

APRA estimates average regulatory costs of $1.7 million per annum. The OBPR agreed with this estimate.

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