Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.
June 15, 2022APRA has defined certain credit measures it can take to address systemic risks if needed, such as temporary lending limits and minimum lending standards.
November 12, 2021Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.
October 21, 2021APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.
September 1, 2021APRA is extending the time period for temporary adjustments to APS 220 so that loans granted repayment deferrals from 8 July until 30 September are covered.
August 27, 2021The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.
August 21, 2021The changes are expected to be effective from 1 January 2022. Implementation of the November 2020 updates to ARS 720.1 will be delayed until then.
August 19, 2021APRA intends to formalise regulatory support measures for banks offering Covid-19 loans through a temporary amendment to APS 220.
August 2, 2021An interim and simplified reporting standard will apply while ADIs develop their capabilities for delivering the full suite of credit risk data collected by ARS 220.0.
June 9, 2021Amendments, including an earlier implementation date, will be necessary if the government’s proposed consumer credit reforms are passed as legislation.
December 9, 2020