PET - Plain English Taxonomy

Attribute: BSAO28568
Concept:
Label: Credit limit increase
Concept Guidance:
The value of any increase in credit limit during the relevant period where the credit limit is the maximum amount of funds available to the business entity 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
(New)
Information in relation to the status of an activity.
The status of the activity is new.
(Personal)
Information in relation to the intended purpose that the finance will be used for.
Transactions by persons within the household sector whose dealings with other sectors are for purposes other than business purposes or housing purposes.
(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.
(PurchaseHouseholdPersonalGoods)
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 purchasing household and personal goods.
(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.
(BorrowerAcceptedCommitment)
The information provided relates to the various steps in the provision of finance.
The information relates to any firm offer to provide finance that has been accepted by the borrower. A borrower-accepted commitment exists for a loan or finance lease once an application has been approved, a loan/finance lease contract or letter of offer has been issued to the borrower, and the borrower has accepted the offer. For bills, a borrower-accepted commitment occurs when the bill is accepted.It covers agreements to increase the credit limit of an existing loan contract.