PET - Plain English Taxonomy

Attribute:	BSAO28478
Concept:	Assets Exposures Applications Received Finance Number
Label:	Loan applications received - number of facilities
Concept Guidance:	This is the number of genuine applications received for any finance facility made by a potential borrower. Sufficient information and/or relevant documentation have been submitted to allow for the application to be initially assessed.
Form-Specifc Guidance:	Include internal refinancing. Report the total amount of finance applied for but exclude applications for pre-approval of finance. Facilities are one or more accounts/lending agreements that: are for the same borrower(s); are approved at the same point in time and/or as part of the same application; are for the same purpose class (and property purpose if housing); and differ only by characteristics relating to interest rate type (fixed interest rate or variable interest rate) and/or repayment type (interest-only or amortising). When reporting on the number of facilities, report each facility once. Where interest rate types or repayment types are separately identified, report the number of facilities according to the predominant interest rate type or repayment type by value.

Dimensions

Dimension	Member	Description
ActivityStatusDimension	(New)	Information in relation to the status of an activity. The status of the activity is new.
CategoryOfExposureDimension	(Loans)	This dimension is used to segment data reported based on the categories of exposures. The information reported is in relation to loans. Loans means a financial asset that is: (1) created when a creditor lends funds directly to a debtor; and (2) is evidenced by non-negotiable documents.
FinancePurposeDimension	(Housing)	Information in relation to the intended purpose that the finance will be used for. Transactions by households related to the provision of residential property for use by the household sector.
InstitutionalUnitResidencyDimension	(ResidentIndividualEnterpriseOrOther)	This dimension categorises reported information according to the residency of the institutional unit or the issuer of the financial instrument. The information categorises any institutional unit whose centre of predominant economic interest (principal place of residence or principal place of production) is within Australia's economic territory. Including households whose principal place of residence is in Australia; and Australian branches and Australian subsidiaries of foreign enterprises, but not foreign branches and foreign subsidiaries of Australian enterprises.
InterestRateTypeDimension	(Fixed)	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.
LoanPurposeDimension	(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.