PET - Plain English Taxonomy

Attribute: BSAO11107
Label: Impairment: Loans and Advances - Other not Housing
Concept Guidance:
This is a balancing item in the list in which it is being used.This is the value of revisions for impairment in relation to Loans and Advances being financial assets as determined in accordance with accounting standards, other than:- Trade Receivables;- Cash;- Revolving Credit;- Credit Cards;- Loans for Housing; and- Lease financing 
Dimension Member Description
This dimension categorises the reported data according to 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.
This dimension identifies the type of impairment
The value reported relates to a general reserve for credit losses in respect of the class of assets to which the asset belongs. This value is determined in accordance with prudential standards.
Information in relation to the interest rate type applicable to an interest-bearing agreement.
Information in relation to fixed interest rates. These are interest rates that: (a) do not fluctuate over the term, or life, of the agreement; or (b) some part of the original term, or life, of the agreement. Where an interest rate is only fixed for some part of the original term, at the end of the fixed interest rate period the contract may provide for transition to a variable interest rate or for a new interest rate to be negotiated.
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 where the funds are not used for the purchase, renovation or development of residential property.