Document ID: chunk:federal_register_of_legislation:F2014L00343:body:0:p2
Version: federal_register_of_legislation:F2014L00343
Segment Type: other
Provision Reference: 
Character Range: 2901–5845

be obtained from APRA.

Information required and due dates

    6.             Subject to paragraph 7, an RSE licensee to which this Reporting Standard applies must provide the information required by this Reporting Standard:

       (a)          within 28 days of the commencement of SPS 520[1];

       (b)          within 14 days of any change or new appointment of a responsible person of the RSE licensee;

       (c)          within 14 days of the RSE licensee assessing that a responsible person is not fit and proper; and

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

    7.             If, having regard to the particular circumstances of an RSE licensee, 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 requirements for the particular RSE licensee.

    8.             APRA may grant, in writing, an RSE licensee 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

    9.             The information provided by an RSE licensee under this Reporting Standard must be the product of systems, procedures and internal controls that have been reviewed and tested by an RSE auditor.[2] This will require the RSE auditor to review and test the RSE licensee's systems, procedures and internal controls designed to enable the RSE licensee to report reliable information to APRA. This review and testing must be done on:

       (a)          an annual basis or more 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.

    10.         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.

Authorisation

    11.         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.

    12.         If the information required by this Reporting Standard is