General insurance intermediaries are required, under Part 7.6B of the Corporations Regulations 2001, to provide data to APRA. These Regulations require general insurance intermediaries to provide data about their dealings in general insurance business, particularly their dealings with unauthorised foreign insurers (UFIs). General insurance intermediaries are Australian financial services licensees that are authorised under the Corporations Act 2001 to deal in general insurance products. Refer to the letter from the Australian Securities & Investments Commission for more information.
The data is defined in Form 701. Information on the reporting requirements for GI intermediaries, and guidance to help entities submit forms are provided in the links below:
For technical queries regarding the D2A system, please contact the D2A helpdesk on (02) 9210 3400 between 9:00 a.m. and 5:00 p.m. EST or by emailing email@example.com.
APRA has adopted Standard Business Reporting (SBR), an Australian Government initiative that simplifies business-to-government reporting in a number of ways, including:
- a single secure sign-on to submit reports to participating government agencies called AUSkey. Refer to www.sbr.gov.au for more information; and
- a definitional taxonomy for reporting to all participating government agencies.
If you have queries on regulatory reporting for general insurance companies, please contact APRA by emailing UFIcollection@apra.gov.au