5671.0 - Lending Finance, Australia, Apr 2015
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/06/2015
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APRIL KEY POINTS
APRIL 2015 COMPARED WITH MARCH 2015:
HOUSING FINANCE FOR OWNER OCCUPATION
In this issue revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have an impact on:
Statistics in this publication are currently derived from returns submitted to the Australian Prudential Regulation Authority (APRA) under the Financial Sector (Collection of Data) Act 2001. The reporting population underwent changes in 2014.
To minimise the reporting load placed on businesses the monthly reporting threshold for non-banks was revised in January 2014 to provide 95 per cent asset coverage of the non-bank sector. Only non-banks with total assets at or above the reporting threshold of $200 million are required to report to APRA monthly. All banks report to APRA.
Non-banks with assets below the new threshold ceased reporting from January 2014. Some other non-banks with assets above the threshold started reporting to APRA from January 2014. The lending commitments of some of those which started reporting in January 2014 were excluded from the January 2014 to March 2015 published statistics pending data quality assessment. Further improvements to the non-banks reporting of administrative data have been included in this April 2015 issue. Revisions have been made to previously published statistics for the periods January 2014 to March 2015 and a trend break was added in January 2014 to the Lease Finance series published in Tables 1 and 27 due to this improved reporting.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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