APRA responds to consultation on amendments to private health insurance reporting standards
The Australian Prudential Regulation Authority (APRA) has released a response to consultation on its proposed amendments to three private health insurance (PHI) reporting standards, following amendments to PHI legislation.
The letter issued today follows the consultation released in August 2023 on consequential updates to three PHI reporting standards to ensure consistency between the terminology used across the updated PHI legislation and APRA PHI reporting standards.
The response letter, finalised reporting standards and non-confidential submissions are available on the APRA website at: Amendments to private health insurance reporting standards.
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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.