PET - Plain English Taxonomy

Attribute: BSAO19783
Concept:
Label: Residential mortgage term loans to households - Reverse Mortgages
Concept Guidance:
This is the value, as at the relevant date of reverse loans advanced by the reporting party.Reverse loans allow for the borrowing of money against a secured asset, typically a primary residence in the case of reverse mortgage loans. Reverse loans do not require principal and interest payments until termination of the facility, which is not fixed and normally occurs when nominated borrowers die, vacate the mortgaged property or the asset is sold. 
Dimensions
Dimension Member Description
(Gross)
This dimension categorises the reported data according to the accounting valuation scenario, in relation to impairment, under which the reported value was calculated.
The information reported is in relation to the value of the asset or liability before allowing for the relevant adjustments.
(PrincipalAmount)
This dimension identifies the measurement scenario under which the reported value was calculated.
The value reported is the principal amount, or notional principal amount. The principal amount represents the outstanding face value, or gross amount, of an on-balance sheet asset or liability.The notional principal amount represents the face value, or gross amount, of an off-balance sheet transaction (e.g. the committed amount, or limit of a loan facility).This does not represent the fair value.
(AUResident)
This dimension categorises reported data according to the residency of the counterparty. Residency is determined by the domicile of the counterparty.Branches are classified as residents of the country in which they operate.
Information in relation to transactions in which the counterparty is a resident of Australia. Residency is determined by the domicile of the counterparty.Australian branches and Australian subsidiaries of foreign businesses are regarded as Australian residents.
(Individual)
This dimension categorises the reported information in accordance with the type of counterparty the entity has transacted with.
The counterparty in relation to the information is an individual, or group of individuals, whose dealings with the reporting party are for personal or household purposes. This does not include circumstances in which the counterparty is dealing with the reporting party in relation to a business or enterprise, regardless of how that business or enterprise is structured.
(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 loan agreements entered into by the reporting party for the purpose of investment housing.