Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) So much of a Statement of Financial Performance and a Statement of Financial Position, given to * APRA by a foreign ADI (within the meaning of the Banking Act 1959 ) as required under section 13 of the Financial Sector (Collection of Data) Act 2001 , as:
(a) cover the activities of an * Australian permanent establishment of the foreign ADI for the year; and
(b) are prepared in accordance with the recognition and measurement standards under the * accounting principles; and
(c) are audited in accordance with the * auditing principles;
are treated, for the purposes of the provisions mentioned in subsection (2), as being a financial report for a year:
(d) prepared by the foreign ADI in accordance with the accounting principles; and
(e) audited in accordance with the auditing principles.
(2) The provisions are as follows:
(a) sections 230 - 150 to 230 - 165 (election for portfolio treatment of fees);
(b) sections 230 - 210 to 230 - 220 (fair value election);
(c) sections 230 - 255 to 230 - 265 (foreign exchange retranslation election);
(d) sections 230 - 315 to 230 - 335 (hedging financial arrangement election);
(e) sections 230 - 395, 230 - 400, 230 - 410 and 230 - 430 (election to rely on financial reports).
230 - 530 Additional operation of Division