NCR compliance reporting.
Registered credit providers need accounting records, loan-book information and prescribed NCR reports that agree with each other.
Form 39
Form 39 reports lending activity and loan-book information. The figures should come from the operational records and reconcile to the accounting records.
- Credit agreements and credit granted
- Opening and closing loan-book balances
- Repayments, settlements and write-offs
- Arrears, impairments, interest and fees
Reporting frequency should be confirmed against the credit provider's NCR profile and current NCR instructions.
Annual financial statements
The financial statements should be based on final accounting records and should agree with the loan-book and NCR reporting information.
Form 40
Form 40 draws annual financial and operational information from the financial statements, general ledger, ownership records and operating systems.
- Entity and ownership information
- Loan-book and credit information
- Assets, liabilities, revenue and expenses
- Interest, fees, impairments and write-offs
Regulation 68 assurance
Where independent assurance is required, the appointed practitioner reviews the specified information against the applicable NCR requirements and supporting records.
Before filing
- Reconcile the loan book to the general ledger.
- Finalise the annual financial statements.
- Use consistent figures across Forms 39 and 40.
- Keep support for interest, fees, impairments and write-offs.