Document ID: chunk:federal_register_of_legislation:F2023L00708:front:0:p2
Version: federal_register_of_legislation:F2023L00708
Segment Type: other
Provision Reference: 
Character Range: 2936–5926

period.

Method of submission
    5.             The information required by this Reporting Standard must be given to APRA:

       (a)          in electronic format using an electronic method available on APRA's website; or

       (b)          by a method notified by APRA prior to submission.

Reporting periods and due dates
    6.             Subject to paragraph 7, an insurer must provide the information required by this Reporting Standard in respect of each financial year of the insurer.

    7.             If, having regard to the particular circumstances of an insurer, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 6, APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular insurer.

    8.             The information required by this Reporting Standard in respect of an insurer must be provided to APRA:

       (a)          in the case of annual information provided in accordance with paragraph 6, within three months after the end of the reporting period to which the information relates; or

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

    9.             APRA may, in writing, grant an insurer an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.

    Note: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an insurer is nonetheless required to submit the information required no later than the due date.

Quality control
    10.         All information provided by an insurer under this Reporting Standard must be subject to systems, processes and controls developed by the insurer for the internal review and authorisation of that 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 submitted to APRA is in place.

    11.         As a result of Insurance (exemption) determination No. 1 of 2023, the Appointed Auditor of an insurer is not ordinarily required to audit, or provide a certificate in relation to, information provided by the insurer under this Reporting Standard.

Authorisation
    12.         When an officer, or agent, of an insurer provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.

    13.         If the information required by this Reporting Standard is provided by an agent who submits the information on the insurer's behalf, the insurer must:

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

       (b)          retain the completed