APRA extends due dates for the submission of quarterly data reporting for insurers
The Australian Prudential Regulation Authority (APRA) has announced its decision to grant a 4-week extension to insurers for the submission of most of the Australian Accounting Standards Board 17 Insurance Contracts (AASB17) reporting forms for the September 2023 and December 2023 Quarterly reporting periods.
The letter to industry is available on the APRA website at: Australian Accounting Standards Board 17 Insurance Contracts (AASB 17) – Data collection quarterly reporting extension.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.