Document ID: chunk:federal_register_of_legislation:F2023L00635:body:0:p3
Version: federal_register_of_legislation:F2023L00635
Segment Type: other
Provision Reference: 
Character Range: 5528–8698

which the report is provided, the report for the year for which the report is provided must state whether the auditor has examined the issues identified and is satisfied that the private health insurer has taken the appropriate steps to rectify the matters raised in the previous report.

14.         The auditor's report must:

    (a)          state details of the program adopted to carry out the audit; and

    (b)          include the name of, and be signed by, the auditor who takes responsibility for the accuracy of the report.

Authorisation

15.         A person who submits the information required under this Reporting Standard must be suitably authorised by an officer of the private health insurer.

Variations

16.         APRA may, in writing, vary the reporting requirements of this Reporting Standard in relation to a private health insurer.

Interpretation

17.         In this Reporting Standard:

       (a)          unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard HPS 001 Definitions (HPS 001); and

       (b)          the following definitions are applicable:

       AASB references relate to the Australian Accounting Standards made by the Australian Accounting Standards Board;

       APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998;

       capital standards means the prudential standards which relate to capital adequacy, as defined in HPS 001;

           general fund has the same meaning as in HPS 001;

       health benefits fund has the same meaning as in HPS 001;

       officer has the same meaning as in the Private Health Insurance (Prudential Supervision) Act 2015;

       private health insurer has the same meaning as in the Private Health Insurance (Prudential Supervision) Act 2015; and

       reporting period means a period mentioned in paragraph 6 or, if applicable, paragraph 7.

18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.

Reporting Standard HRS 310.0

Statement of profit or loss and other comprehensive income

General instructions

These instructions assist completion of Reporting Standard HRS 310.0 Statement of Profit or Loss and Other Comprehensive Income, which collects information relating to the licensed insurer's profit or loss and other comprehensive income.

Reporting tables

Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

General accounting basis

Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.

References to Australian Accounting Standards

Each item reported under this Reporting Standard aligns with