The Australian Prudential Regulation Authority (APRA) is finalising the updated Reporting Standard LRS 112.3 Related Party Exposures (LRS 112.3), Reporting Standard LRS 114.2 Derivatives Activity (LRS114.2) and Reporting Standard LRS 114.3 Off-balance Sheet Business (LRS 114.3).
These three reporting standards required life companies to submit data to APRA via Direct to APRA (D2A). In March 2026, APRA announced it has decommissioned D2A.
The changes to these collections will provide life companies with a single reporting platform (APRA Connect) and APRA anticipates it will lead to reduced reporting requirements overall by streamlining data management processes, making it easier and more efficient for life companies to submit data.
APRA consulted on amendments to these reporting standards between April and July 2026.
Consultation feedback and APRA’s response
No submissions were made to this consultation.
APRA has made some minor amendments to the reporting standards to improve consistency and clarity. For further information about these amendments, please refer to the final marked-up and clean reporting standards available on the webpage for this consultation.
Next steps
The revised reporting standards will apply to reporting periods ending on or after 31 December 2026. Life companies should continue to use the alternative submission arrangements for D2A collections until the revised standards come into effect.
The updated collections will be available in APRA Connect External Test environment by the end of September 2026 and taxonomy artefacts for these collections will be published shortly after this.
Further Information
Should you have any questions regarding this consultation or require further information, please contact APRA at dataconsultations@apra.gov.au.
Yours sincerely,
Andy Robertson
Chief Data Officer
Data, Technology and Security Division