Document ID: chunk:federal_register_of_legislation:F2023L00306:body:0:p3
Version: federal_register_of_legislation:F2023L00306
Segment Type: other
Provision Reference: 
Character Range: 5669–8709

be done on:

       (a)          an annual basis or more frequently if necessary to enable the Appointed Auditor to form an opinion on the reliability and accuracy of data; and

       (b)          at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board (AUASB) as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters.

    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.

Authorisation

    11.         When an officer, or agent, of an insurer provides the information required by this Reporting Standard it will be necessary for an officer, or agent, to digitally sign the relevant information using a digital certificate acceptable to APRA.

    12.         If an insurer provides the information required by this Reporting Standard through an agent who submits on the insurer's behalf, the insurer must:

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

       (b)          retain the completed copy.

    13.         An officer, or agent, of an insurer who submits the information under this Reporting Standard for, or on behalf of, the insurer must be authorised by either:

       (a)          the Principal Executive Officer of the insurer; or

       (b)          the Chief Financial Officer of the insurer.

Variations

    14.         APRA may, by written notice to the insurer, vary the reporting requirements of Form GRF 114.2 in relation to that insurer.

Transition

    15.         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 the date of revocation of the old reporting standard; 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 doubt, if an insurer was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the insurer is still required to provide any overdue reporting documents in accordance with the old reporting standard.

Interpretation

    16.         In