PET - Plain English Taxonomy

Attribute: BSAO27964
Concept:
Label: Average variable rate
Concept Guidance:
This is the weighted average interest rate for variable-rate loans calculated as the average of the individual loans' contractual interest rates, weighted by the credit limit during the relevant period. 
Form-Specifc Guidance:
Include any interest rate discounts received by the borrower. Include loans with temporary fixed-rate periods of less than 12 months.
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.
(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.