PET - Plain English Taxonomy

Attribute: BSAO28995
Concept:
Label: Weighted average interest rate on credit outstanding
Concept Guidance:
This is the weighted sum of individual interest rates on credit outstanding, where the weights used are the corresponding balances expressed as a share of the total balance. The interest rate is the contractual rate to be paid to or received by the customer/counterparty/debtholder. 
Dimensions
Dimension Member Description
(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.
(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.
(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.