PET - Plain English Taxonomy

Attribute: BSAO27945
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.
(InvestmentHousing)
Information in relation to the intended purpose of the counterparty in regards to loan agreements entered into by the entity.
Information in relation to loans for the purpose of housing, where the funds are used for a residential property that is not owner-occupied.
(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.
(GTE80LT81)
This dimension is used to categorise reported loan information according to the loan-to-valuation ratio (LVR) of the loan product.
Information in relation to loan products with a loan-to-valuation ratio (LVR) of greater than or equal to 80% but less than 81%.The LVR may be based on the valuation at origination or, where relevant, on a subsequent formal revaluation by an independent accredited valuer, as determined in accordance with relevant Prudential Standards.
(FixedTermLoans)
A list that identifies loan types.
The reported information relates to loans extended for a fixed period, with a maturity date by which the loan must be repaid. Repayments over the fixed period reduce the credit outstanding and do not make further finance available.