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Non-regulated entities reporting requirements

Discretionary mutual funds (DMFs) DMFs are entities that offer ‘discretionary cover’, that is, an insurance-like product that may involve an obligation on the DMF to consider meeting a claim made on it, but gives the DMF a discretion as to whether it will pay the claim.
Exempt Public Sector Superannuation Schemes (EPSSS) EPSSS are public sector superannuation schemes that choose not to be regulated by APRA. However, for statutory purposes, a number of EPSSSs report to APRA under an agreement between the Commonwealth Government and each of the State and Territory Governments.
Foreign bank representative offices (not Authorised Deposit-taking Institutions) A foreign bank wishing to establish a representative office in Australia must obtain APRA's written consent.
GI Intermediaries General insurance intermediaries are Australian financial services licensees that are authorised under the Corporations Act 2001 to deal in general insurance products.
Medical defence organisations (MDOs) Under the Insurance Act 1973 APRA regulates the medical indemnity insurers (MIIs) that are subsidiaries of MDOs.
Registered financial corporations (RFCs) Corporations registered under the Financial Sector (Collection of Data) Act 2001.
Religious charitable development funds Religious charitable development funds (the Funds) are funds established by religious organisations for the purpose of seeking investments from the public in order to make loans that further the religious and charitable goals and objectives of the fund.
Wholesale funders Wholesale funders are non-deposit taking institutions that rely primarily on securitisation to fund the provision of loans. Wholesale funders are not regulated by APRA and are not registrable entities under the Financial Sector (Collection of Data) Act 2001.
Guidelines on implementation of Section 66 of the Banking Act 1959
This guideline provides general guidance on how APRA interprets and administers this legislation.