Skip Ribbon Commands
Skip to main content
 
ARCHIVED CONTENT

Reporting framework for GI intermediaries

IMPORTANT: D2A 5.2 and AUSkey
 
A new version of D2A (version 5.2) was released on 22nd February 2013, which permits GI intermediaries to submit data and view previous submissions using an AUSkey.
 
If your GI Intermediary is currently using D2A to lodge Form 701 and wishes to continue to use your existing digital certificate you must upgrade to D2A V5.2 instead of a full install, as per APRA's website http://www.apra.gov.au/CrossIndustry/Pages/D2A.aspx.
 

Reporting Requirement

General insurance intermediaries are required, under the Corporations Amendment Regulations 2009 (No. 11), 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.

Letter from the Australian Securities & Investments Commission which refers to the collection of data from Australian financial services licensees about intermediated insurance business and business placed with unauthorised foreign insurers (UFIs).

The data is defined in Form 701. Guidance and assistance to help general insurance intermediaries to submit the form are provided in the form instructions.

Data submission

APRA provides general insurance intermediaries with software to encrypt and submit data:

Standard Business Reporting initiative

The Standard Business Reporting (SBR) initiative is a multi-agency initiative led by Treasury that will simplify business-to-government reporting in a number of ways. This will include the introduction of a single secure sign-on to submit reports to APRA and other SBR-participating government agencies. APRA will provide information to its regulated institutions in due course on the implementation of the SBR initiative, which involves all of APRA's reporting forms and will provide significant long-term benefits to institutions. For more information on SBR visit www.sbr.gov.au or email sbr@apra.gov.au.

Contact Us

E-mail: UFIcollection@apra.gov.au

Fax: 02 9210 3021

Write to:

Manager
UFI Data Collection
Australian Prudential Regulation Authority
GPO Box 9836
Sydney NSW 2001