Document ID: chunk:federal_register_of_legislation:F2024L00145:body:0:p2
Version: federal_register_of_legislation:F2024L00145
Segment Type: other
Provision Reference: 
Character Range: 2804–5905

of Health in performing its functions and for publication by APRA.

Application

    3.             This Reporting Standard applies to all private health insurers.

    4.             This Reporting Standard applies for reporting periods ending on or after 31 March 2024.

Information required

    5.             A private health insurer must provide APRA with the information required by HRF 603.0 in respect of each reporting period.

    6.             The information required by this Reporting Standard, as set out in HRF 603.0, must be provided for each health benefits fund of the private health insurer.

Method of submission

    7.             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

    8.             A private health insurer to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each calendar quarter (i.e. the periods ending 30 September, 31 December, 31 March and 30 June).

    9.             The information required by this Reporting Standard must be provided to APRA within 28 calendar days after the end of the reporting period to which the information relates.[1]

    10.         APRA may, in writing, grant a private health insurer an extension of a due date, 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.         All information provided by a private health insurer under this Reporting Standard must be subject to systems, processes and controls developed by the private health insurer for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the private health insurer to ensure that an appropriate set of policies and procedures for the authorisation of information submitted to APRA is in place.

Authorisation

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

Variations

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

Transitional

    14.         An insurer must report under the old reporting standard in respect of a transitional reporting period. For these purposes:

    old reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and

    transitional reporting period means a reporting period under the old reporting standard:

       (a)          which ended before 31 March 2024; and

       (b)          in relation to which the insurer was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.

    Note: For the avoidance of