In Australia, a Securitisation Program Must Have

question 6

Multiple Choice

In Australia, a securitisation program must have:

• A) a specifically created SPV, which is resident in Australia and which is not required to provide data to the Australian Prudential Regulation Authority (APRA):
• B) a specifically created SPV, which may or may not be resident in Australia and which is not required to provide data to the Australian Securities and Investment Commission (ASIC) under the Financial Statistics (Collection of Data) Act;
• C) specifically selected assets (e.g. mortgages, receivables, etc.) backing its liabilities in the form of debt securities.
• D) a specifically created SPV, which is resident in Australia, which is not required to provide data to the Australian Prudential Regulation Authority and have Specifically selected assets (e.g. mortgages, receivables, etc.) backing its liabilities in the form of debt securities.

---

Definitions:

Investing Activity

Transactions involving the purchase and sale of long-term assets and other investments not generally considered as cash equivalents.

Sale Of Land

A transaction involving the transfer of ownership of land property from one party to another.

Loss

A financial condition where expenses exceed revenue, resulting in a negative profit for a business.

Income Statement

An income statement is a financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits or losses.