PET - Plain English Taxonomy

Attribute: BSAO27928
Concept:
Label: New loans funded
Concept Guidance:
The credit limit of loans funded during the relevant period. A loan is considered funded once any portion of the funds is made available for the borrower to draw down according to the terms of the contract, whether or not it is drawn down within that period. The credit limit is the maximum amount of funds available to the borrower without additional authorisation or approval.This amount should include outstanding balances (including capitalised interest or fees) and any other funds that can be drawn without additional approval by the lender. 
Dimensions
Dimension Member Description
(InAustralia)
This represents the location of the collateral being reported.
The items being reported are physically located in Australia
(HouseholdsAndSMSFs)
This dimension categorises the reported data according to the type of counterparty the entity has transacted with.
The information reported is in relation to households and self-managed superannuation funds (SMSFs). Households are individuals (that is, natural persons), or groups of individuals, whose dealings are for personal or household purposes. SMSFs has the meaning given by the Superannuation Industry (Supervision) Act 1993.
(UnitsApartments)
Information in relation to the intended purpose of the counterparty in regards to loan agreements entered into by the entity.
Information in relation to loan agreements entered into for the purpose of housing where the funds are used for units or apartments. Units or apartments are dwellings in a building that has more than two dwellings. These dwellings do not have their own private grounds and usually share a common entrance foyer or stairwell.
(SecuredResidentialProperty)
The characteristic of whether or not assets have been pledged to secure the repayment of funds under a credit or other lending activity in the case of default by the borrower.
The funds advanced have been secured by residential property to satisfy the debt in the case of default by the borrower.