Document ID: chunk:federal_register_of_legislation:F2015L01055:body:0:p2
Version: federal_register_of_legislation:F2015L01055
Segment Type: other
Provision Reference: 
Character Range: 2886–5764

and a method notified by APRA, in writing, 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.         Any approval, determination or other exercise of discretion, made prior to the commencement of this reporting standard by PHIAC in relation to the PHIAC 4 return, will continue to have effect after the commencement of this reporting standard, as if made under this reporting standard, until revoked by APRA.

    15.         Information that would have been required to be submitted to PHIAC on the PHIAC 4 return in respect of the quarter ending 30 June 2015 must instead be submitted to APRA as though it was required under this Reporting Standard.

    16.         Information that had previously been required to be submitted to PHIAC on the PHIAC 4 return relating to a period ending before 30 June 2015, but which had not been submitted to PHIAC by the end of 30 June 2015, must be submitted to APRA.

    17.         If, at the end of 30 June 2015, a private health insurer was under an obligation to submit an amended quarterly return to replace a quarterly return that the private health insurer submitted to PHIAC prior to 1 July 2015, the private health insurer must submit the amended quarterly return to APRA as soon as practicable.

    18.         If APRA, acting reasonably, is satisfied that information submitted by a private