5671.0 - Lending Finance, Australia, Feb 2015
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 14/04/2015
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FEBRUARY KEY POINTS
FEBRUARY 2015 COMPARED WITH JANUARY 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 those which started reporting in January 2014 were excluded from the January 2014 to January 2015 published statistics pending assessment of seasonal impacts of those non-banks’ commitments on seasonally adjusted and trend series estimates. This February 2015 issue includes these finance commitments reported by non-banks that started reporting to APRA from January 2014. Revisions have been made to previously published statistics for the periods January 2014 to January 2015 to reflect the change in coverage of non-banks.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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