Transition of Life Insurance D2A data collections to APRA Connect

To: All life insurers and friendly societies (life companies) 

The Australian Prudential Regulation Authority (APRA) is seeking feedback on proposed amendments to Reporting Standard LRS 112.3 Related Party Exposures (LRS 112.3), Reporting Standard LRS 114.2 Derivatives Activity (LRS 114.2) and Reporting Standard LRS 114.3 Off-balance Sheet Business (LRS 114.3).

Background

APRA’s Corporate Plan details its commitment to improving its organisational effectiveness.¹ One key initiative to support this and to strengthen APRA’s technology and data infrastructure is to transition all data collections from its legacy data collection system, Direct to APRA (D2A) to its modern data collection system (APRA Connect). This initiative forms part of APRA’s broader strategic move away from the D2A platform. On 27 March 2026, APRA announced it has decommissioned D2A.²

APRA and reporting entities are expected to realise important advantages through the migration from D2A to APRA Connect including a reduced compliance burden on industry, enhanced security, better data quality and a streamlined submission process via a single reporting platform.

Reporting standards

Under this program of work, APRA proposes to update the three remaining reporting standards that still require life companies to submit data to APRA via D2A. All other data reporting by life companies under reporting standards was transitioned to APRA Connect in 2023.

The reporting standards listed in Table 1 will be updated to adopt the same approach to reporting instructions, taxonomy and definitions already used in reporting standards for life companies in APRA Connect. This will ensure there is one consistent approach to all reporting by life companies. There are no material changes to the data life companies will be required to report.

Table 1. Proposed changes to reporting standards

For further information about these changes, please refer to the marked-up reporting standards available on the webpage for this consultation.

The changes to these collections will provide life companies with a single reporting platform and consistent taxonomy for all reporting under APRA’s reporting standards. 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.

Timeframes for transition

Table 2. Timeline for transition of D2A data collections to APRA Connect

APRA is proposing a timeline that is shorter than that originally communicated to expedite the transition of reporting from D2A to APRA Connect. APRA welcomes feedback on the feasibility of the proposed timeline in submissions.

Consultation Process

APRA invites feedback on the proposed transition, including any operational impacts, implementation considerations, and suggestions to assist a smooth migration to APRA Connect. The consultation period will run for 2 months during May and June 2026. Written submissions on the proposals should be sent to dataconsultations@apra.gov.au by 3 July 2026 and addressed to:

Chief Data Officer
Data, Technology and Security Division
Australian Prudential Regulation Authority

Following the conclusion of the consultation, APRA will review all feedback received and communicate the final implementation plan for the transition to APRA Connect.

Further Information

Should you have any questions regarding this consultation or require further information, please contact APRA at the above email address.

Yours sincerely,

Andy Robertson
Chief Data Officer
Data, Technology and Security Division

Information disclosure requirements – publications of submissions

Confidential submissions

All information in submissions will be made available to the public on APRA’s website unless a respondent expressly requests that all or part of the submission is to remain in confidence. Automatically generated confidentiality statements in emails will not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as “confidential” in a separate attachment.

Freedom of information

Submissions may be the subject of a request for access made under the Freedom of Information Act 1982 (FOIA). APRA will determine such requests, if any, in accordance with the provisions of the FOIA. Information in the submission about any APRA-regulated entity that is not in the public domain and that is identified as confidential will be protected under section 56 of the Australian Prudential Regulation Authority Act 1998 and will be exempt from production under the FOIA.

Footnotes

¹APRA Corporate Plan 2025-26

²Direct to APRA security update and accelerated decommission