Document ID: chunk:federal_register_of_legislation:F2024L00146:front:0:p2
Version: federal_register_of_legislation:F2024L00146
Segment Type: other
Provision Reference: 
Character Range: 2834–5789

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;
       (b)          or by a method notified by APRA prior to submission.

Reporting periods and due dates
    8.             Subject to paragraph 10 of this Reporting Standard, 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.             Subject to paragraph 11 of this Reporting Standard, 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.
    10.         APRA may change the reporting periods, or specified reporting periods, for a particular private health insurer, to require it to provide the information required by this Reporting Standard more frequently, or less frequently, having regard to:
(a)          the particular circumstances of the private health insurer;
(b)          the extent to which the information is required for the purposes of prudential supervision of the private health insurer; and
(c)          the requirements of the Department of Health.
    11.         APRA may, in writing, grant a private health insurer an extension of a due date in which case the new due date will be the date specified in the notice of extension.
    Note: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, a private health insurer is nonetheless required to submit the information required no later than the due date.

Quality control
    12.         All information provided by a private health insurer under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the appointed auditor of the private health insurer as set out in Prudential Standard HPS 310 Audit and Related Matters. Relevant standards and guidance statements issued by the Auditing and Assurance Standards Board provide information on the scope and nature of the review and testing required from external auditors. This review and testing must be done on an annual basis or more frequently if necessary to enable the external auditor to form an opinion on the accuracy and reliability of the information provided by a private health insurer under this Reporting Standard.
    13.         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. These systems, processes and controls are to assure