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APRA is modernising the data collection framework for life insurance companies including friendly societies (together referred to as life companies). The new framework involves introducing new reporting standards, forms and instructions based on updated specifications and improved information technology for data submission via D2A.

• The Collection of data under the new reporting framework commences with the first reporting period ending after 1 January 2008.
  
  
• For more information about the changes to the prudential reporting framework for life companies, including details of due dates, click here.
  
  
• Click here to download a .zip file containing the new forms and instructions.
  
  
• Click here to download a .zip file containing the new forms including the attribute codes.
  
  
• Click here for a checklist of quarterly and annual reporting requirements (effective 1 January 2008).
  
  
• You can also download the forms and instructions individually from the table shown below.

In addition to the new reporting standards and forms a transitional reporting standard, LRS 901 Transitional Arrangements 2008, has been determined under the Financial Sector (Collection of Data) Act 2001. This standard requires life companies to submit the returns applicable under the previous reporting regime for the 1st quarter of 2008 (i.e. for the first data collection there will be a ‘parallel run’ using both the new and old systems).