What's new

• General insurers are now required to notify APRA, in the approved form, of the address where their accounting records are kept.  General insurers are required to complete the approved form of notification of address where accounting records are kept and submit to APRA using the address provided on the form.  For existing general insurers the form is due by 24 August 2010.  Newly authorised entities are required to lodge within 28 days of authorisation.  Click here to view FAQ's.

• APRA has published new guidelines to assist reporting entities provide acceptable and complete commentary in response to anomalies detected in data submitted via D2A. This is an important component to ensuring data quality. Please see the providing explanations of data guidelines for more information.
  
  
• Level 2 Reporting standards, Reporting forms and instructions are effective from 31 August 2009.  For further information regarding reporting for the first reporting period, please see the letter to all Level 2 Insurance Groups.

Reporting Requirements

General insurers are required, under the Financial Sector (Collection of Data) Act 2001 and its reporting standards, to provide data to APRA. The data is defined in the set of reporting forms and instructions. Some forms are subject to audit requirements. Guidance and assistance to help entities submit forms are provided.

• Financial Sector (Collection of Data) Act 2001
  
• Reporting standards
• • Level 1 Reporting standards
  • Level 2 Reporting standards
    
    
• Reporting forms and instructions
• • Level 1 Reporting forms and instructions

  • Level 2 Reporting forms and instructions
    

• Audit Requirements
• Information to assist in the completion of APRA reporting forms
• • Guidelines on providing explanations of data
    
    
• Fit and Proper form instructions
• • Notification of Responsible Persons for a general insurer or NOHC
  • Notification of change to Responsible Persons for a general insurer or NOHC

• Approved form of notification of address where accounting records are kept
• • FAQ's

Data Submission

APRA provides general insurers with software to encrypt and submit data

• D2A (Direct to APRA)

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.apra.gov.au/sbr.cfm, or email sbr@apra.gov.au.

Contact Us

E-mail:	statistics@apra.gov.au
Fax:	02 9210 3021
Write to:	Manager, Insurance Statistics
	Australian Prudential Regulation Authority
	GPO Box 9836
	Sydney NSW 2001