Document ID: chunk:federal_register_of_legislation:F2017L00725:body:0:p3
Version: federal_register_of_legislation:F2017L00725
Segment Type: other
Provision Reference: 
Character Range: 5534–8470

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.         Information reported solely for the purposes of the ABS (identified by '[ABS]' in the relevant item) is not required to be audited or tested by the RSE auditor of the RSE, defined benefit RSE, PST or ERF to which the information relates.

    13.         All information provided by an RSE licensee under this Reporting Standard must be subject to systems, processes and controls developed by the RSE licensee for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the RSE licensee to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.

    14.         An RSE licensee must ensure that information identified as being provided solely for the purposes of the ABS is as accurate as possible. Where accurate information is not readily available to be provided in respect of information provided solely for the purposes of the ABS, an RSE licensee may report a careful estimate where that estimate is the product of systems, processes and controls developed by the RSE licensee for this purpose.

Authorisation

    15.         When an officer or agent of an RSE licensee provides the information required by this Reporting Standard using the 'Direct to APRA' software, it will be necessary for the officer or agent to digitally sign the relevant information using a digital certificate acceptable to APRA.

    16.         If the information required by this Reporting Standard is provided by an agent who submits using the 'Direct to APRA' software on the RSE licensee's behalf, the RSE licensee must:

       (a)          obtain from the agent a copy of the completed form with the information provided to APRA; and

       (b)          retain the completed copy.

    17.         An officer or agent of an RSE licensee who submits the information under this Reporting Standard for, on behalf of, the RSE licensee must be authorised by either:

       (a)          the Chief Executive Officer of the RSE licensee; or

       (b)          the Chief Financial Officer of the RSE licensee.

Variations

    18.         APRA may, by written notice to an RSE licensee, vary the reporting requirements of SRF 330.0 in relation to that RSE licensee or one or more RSEs, defined benefit RSEs, PSTs or ERFs within that RSE licensee's business operations.

Interpretation

    19.         In this Reporting Standard:

    APRA means the Australian Prudential