Document ID: chunk:federal_register_of_legislation:F2018L01496:body:0:p2
Version: federal_register_of_legislation:F2018L01496
Segment Type: other
Provision Reference: 
Character Range: 2881–5720

Reporting Standard applies must provide APRA with the information required by LRF 750.0 for each reporting period.
6.             The information reported to APRA under this Reporting Standard is not required to be given to policy owners pursuant to section 124 of the Life Act. It does not constitute a reporting document for the purposes of section 124 of the Life Act.

Forms and method of submission
7.             The information required by this Reporting Standard must be given to APRA in electronic format using the 'LRF 750.0 reporting form', or by another method notified by APRA prior to submission.
Note: the 'LRF 750.0 reporting form' is obtained from APRA.

Reporting Periods and due dates
8.             A Reporting Period is six months in duration.
9.             A life company must provide the information required by this Reporting Standard relating to:
(a)          the Reporting Period 1 July 2017 to 31 December 2017; and
(b)          the Reporting Period 1 January 2018 to 30 June 2018;
    by 28 December 2018.
10.         A life company must provide the information required by this Reporting Standard relating to:
(a)          the Reporting Period 1 July 2018 to 31 December 2018 three months after the end of the relevant Reporting Period; and
(b)          the Reporting Period 1 January 2019 to 30 June 2019 two months after the end of the relevant Reporting Period.
11.         A life company must provide the information required by this Reporting Standard relating to the Reporting Period 1 July 2019 to 31 December 2019, and each subsequent Reporting Period, within six weeks after the end of the relevant Reporting Period.
12.         APRA may grant a life company an extension of a due date in paragraphs 9 through 11, in which case the new due date will be the date on the notice of extension.
13.         If, having regard to the particular circumstances of a life company, APRA considers it necessary or desirable to obtain information more or less frequently than set out above, APRA may, by notice in writing, change the Reporting Periods, or specify Reporting Periods, for the particular life company.

Quality control
14.         All information provided by a life company under this Reporting Standard must be subject to systems, processes and controls developed by the life company for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the life company to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.

Authorisation
15.         An officer, or agent, of a life company submitting information under this Reporting Standard must be authorised in writing to submit information under this Reporting Standard by either:
(a)          the Principal Executive