Document ID: chunk:federal_register_of_legislation:F2021L00345:front:0:p5
Version: federal_register_of_legislation:F2021L00345
Segment Type: other
Provision Reference: 
Character Range: 11451–14542

insurance policy solely in relation to an event that could neither occur in Australia nor in relation to an insured resident of Australia.

    17.         For the purposes of paragraph 8, where information must be provided by no later than a particular date, an insurer is required to ensure that the information is received by the person to whom it must be provided (whether APRA or an agent of APRA) no later than that date.

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

    19.         Where this Reporting Standard provides for APRA to exercise a power or discretion, this power or discretion is to be exercised in writing.

Reporting Form GRF 800.1

Policy Data: Public and Product Liability and Professional Indemnity Insurance

Instruction Guide
These instructions have been prepared for the purpose of defining the policy information required to be submitted by insurers in respect of public and product liability and professional indemnity insurance.  This information will contribute to a National Claims and Policy Database (NCPD) in respect of these classes of insurance.  The intention is to create a database that holds information in respect of claims and policies for public and product liability and professional indemnity on a national basis.  State and Territory Government insurers will also contribute to the NCPD where possible.1

Details of requirements in relation to reporting periods, method of submission and authorisation are set out in the Reporting Standard.  The data submitted by each insurer will be validated by APRA at each reporting period. The data validation to be performed is outlined in Appendix C.

Record Layouts and Field Specifications

Policy Data Specifications

Policy Data                                                            Public  &   Professional Risk   Field type[1]
              Data Item                                                Products
1*            Insurer code                                             M           M                   6a
2*            Class of Business                                        M           M                   2a
3*            Record type                                              M           M                   1a
4*            Policy Basis                                             M           M                   1a
5*            Status                                                   M           M                   1a
6*            Month of end of Reporting Period                         M           M                   8n
7*            Policy number                                            M           M                   30a/n
8*            Risk number                                              M           M                   30a/n
9*            Product type                                             M           M                   3a