Document ID: chunk:federal_register_of_legislation:F2015L00817:body:0:p2
Version: federal_register_of_legislation:F2015L00817
Segment Type: other
Provision Reference: 
Character Range: 2878–5772

using the 'Direct to APRA' application or, where 'Direct to APRA' is not available, by a method notified by APRA, in writing, prior to submission.

    Note: the 'Direct to APRA' application software (also known as 'D2A') may be obtained from APRA.

Reporting periods and due dates

    7.             Subject to paragraph 8, an RSE licensee to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each year of income of:

       (a)          each RSE, defined benefit RSE, PST or ERF within its business operations; and

       (b)          each RSE within which a MySuper product is located.

    8.             If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST, ERF or MySuper product, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 7(a) or 7(b), APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST, ERF or MySuper product.

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

       (a)          within three months after the end of the year of income to which the information relates; and

       (b)          in the case of information provided in accordance with paragraph 8, within the time specified by notice in writing.

    10.         APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs, ERFs or MySuper products within its business operations, in which case the new due date for the provision of the information will be the date on the notice of extension.

Quality control

    11.         The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by the RSE auditor of the RSE (including each RSE within which a MySuper product is located), defined benefit RSE, PST or ERF to which the information relates.[2] This will require the RSE auditor to review and test the RSE licensee's systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:

       (a)          an annual basis or more frequently if necessary to enable the RSE auditor to form an opinion on the reliability and accuracy of information; and

       (b)          at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of SPS 310.

    12.         All information provided by an RSE licensee under this Reporting Standard must be