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Revoked Life Insurance Prudential Standards

These standards have been revoked and are no longer applicable. To access APRA's current life insurance prudential standards click here.
 
Prudential Standard Date ceased Application
PS 1 Actuarial Advice January 2008  Friendly societies
PS 2 Approved Benefit Fund Requirements January 2008 Friendly societies
PS 3 Prudential Capital Requirement January 2013​ All life companies including friendly societies​
PS 6.1 Risk Management January 2008 Friendly societies
PS 6.3C Audit January 2008 Friendly societies
PS 6.4A Subsidiaries January 2008 Friendly societies
PS 6.4C Guarantees January 2008 Friendly societies
PS 6.4D Service Contracts April 2007 Friendly societies
PS 6.4E Overseas Trading January 2008 Friendly societies
PS 6.7 Non-Benefit Fund Based Funds Management and Associated Market Activities January 2008 Friendly societies
LPS 1.04 Valuation of Policy Liabilities January 2013​ All life companies including friendly societies​
LPS 2.04 Solvency Standard January 2013​ All life companies including friendly societies​
LPS 3.04 Capital Adequacy Standard January 2013​ All life companies including friendly societies​
LPS 4.02 Termination Values, Minimum Surrender Values and Paid-up Values January 2013​ All life companies including friendly societies​
LPS 4.02 Minimum Surrender values and Paid-up values August 2010​ All life companies including friendly societies​
LPS 5.02 Cost of Investment Performance Guarantees January 2013​ All life companies including friendly societies​
LPS 6.03 Management Capital Standard January 2013​ All life companies including friendly societies​
LPS 7.02 General Standard January 2013​ All life companies including friendly societies​
LPS 001 Definitions ​January 2015 ​All life companies including friendly societies​
CPS 220 Risk Management ​July 2017 ​All life companies including friendly societies​
LPS 220 Risk Management ​January 2015 ​​All life companies including friendly societies​
LPS 220 Risk Management January 2013​ All life companies including friendly societies​

CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (March 2017)

​September 2017 ​All life companies including friendly societies​
LPS 310 Audit and Related Matters January 2013​ All life companies including friendly societies​
LPS 310 Audit and Actuarial Requirements July 2010​ All life companies including friendly societies​
LPS 310 Audit and Actuarial Requirements July 2008 All life companies including friendly societies
LPS 320 Actuarial and Related Matters ​January 2015 ​All life companies including friendly societies
LPS 320 Actuarial and Related Matters January 2013​ All life companies including friendly societies​
LPS 350 Contract Classification for the Purpose of Regulatory Reporting January 2013​ All life companies including friendly societies​
​CPS 231 Outsourcing ​July 2017 ​All life companies including friendly societies
CPS 231 Outsourcing ​January 2015 ​All life companies including friendly societies​
CPS 231 Outsourcing January 2013​ All life companies including friendly societies​
LPS 231 Outsourcing July 2012​ All life companies including friendly societies​
​CPS 232 Business Continuity Management ​July 2017 ​All life companies including friendly societies​
CPS 232 Business Continuity Management ​January 2015 ​All life companies including friendly societies​
CPS 232 Business Continuity Management January 2013​ All life companies including friendly societies​
LPS 232 Business Continuity Management July 2012 All life companies including friendly societies​
CPS 510 Governance ​July 2017 ​​All life companies including friendly societies​
CPS 510 Governance​ ​January 2015 ​All life companies including friendly societies​
CPS 510 Governance January 2013​ All life companies including friendly societies​
LPS 510 Governance July 2012​ All life companies including friendly societies​
LPS 510 Governance​ July 2010​ All life companies including friendly societies​
LPS 510 Governance April 2010 All life companies including friendly societies
LPS 510 Governance January 2008 All life companies including friendly societies
LPS 510 Governance July 2008 All life companies including friendly societies
​CPS 520 Fit and Proper July 2017​​ ​All life companies including friendly societies​
CPS 520 Fit and Proper January 2013​ All life companies including friendly societies​
LPS 520 Fit and Proper July 2012​ All life companies including friendly societies​
LPS 520 Fit and Proper January 2008 All life companies including friendly societies
July 2008 All life companies including friendly societies

LPS 600 Statutory Funds (Form 1)​

January 2013​ All life companies other than friendly societies​

LPS 700 Friendly Society Benefit Funds

Form 1
Form 2
Form 3
Form 4
Form 5
Form 6

January 2013​ Friendly societies​
LPS 900 Consolidation of Prudential Rules Nos. 15, 18, 22, 27 and 28 ​July 2011 ​All life companies other than friendly societies
​LPS 902 Approved Benefit Fund Requirements ​July 2011 ​Friendly societies

This list is for APRA prudential standards and does not contain the Actuarial Standards created by the Life Insurance Actuarial Standards Board (LIASB). To view these revoked standards click here.