Document ID: chunk:federal_register_of_legislation:F2021L00343:front:0:p2
Version: federal_register_of_legislation:F2021L00343
Segment Type: other
Provision Reference: 
Character Range: 3009–6064

required by GRF 800.3 in respect of each reporting period and each reportable facility business in respect of which the insurer is on risk during the reporting period.

Reporting periods and due dates

    6.             Subject to paragraph 7 of this Reporting Standard, an insurer to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each calendar half-year (i.e. the periods ending 30 June and 31 December each year).

    7.             APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for a particular insurer to require it to provide the information required by this Reporting Standard more frequently, or less frequently, or in respect of reporting periods based upon the insurer's own accounting financial year, having regard to:

       (a)          the particular circumstances of the insurer; and

       (b)          the extent to which the information is required for the purposes of the prudential supervision of the insurer.

    8.             The information required by this Reporting Standard must be provided to APRA:

       (a)          in the case of half-yearly information, by no later than four months after the end of the reporting period; or

       (b)          in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing,

or such later time as APRA may determine in writing.  APRA may determine a later time in writing in relation to all insurers, or a class of insurers, or one or more insurers named in the determination.

Method of submission

    9.             The information required by this Reporting Standard must be rendered in comma separated values (CSV) format in accordance with the instructions in GRF 800.3, and must be provided electronically through the web site www.ncpd.apra.gov.au, by logging on using the relevant customer identification number and password provided by Fujitsu Australia (as agent of APRA), and following the instructions on that web site.

    10.         Despite paragraph 9, APRA may, in writing, make either or both of the following determinations:

       (a)          a determination that information required by this Reporting Standard must be provided in accordance with alternative information technology requirements specified by APRA in the determination; and

       (b)          a determination that information required by this Reporting Standard must be provided to APRA or an agent of APRA at an alternative address in accordance with requirements specified in the determination.

Quality control

    11.         The information provided by an insurer under this Reporting Standard must be the product of processes and controls developed by the insurer for the internal review and authorisation of the information.  It is the responsibility of the board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data provided