Australian Prudential Regulation Authority
(confidentiality) determination No. 26 of 2013
Information provided by life insurers and friendly societies under
Reporting Standard LRS 100.0, LRS 110.1, LRS 112.0, LRS 120.0, LRS 210.0, LRS 300.0, LRS, 310.0, LRS 330.0, LRS 340.0, LRS 400.0, LRS 420.0 and LRS 430.0
Australian Prudential Regulation Authority Act 1998
I, Ian Laughlin, delegate of APRA:
(a) under section 57 of the Australian Prudential Regulation Authority Act 1998 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901, REVOKE the Australian Prudential Regulation Authority (confidentiality) determinations No. 9 of 2010, No. 11 of 2010, No. 17 of 2010, No. 21 of 2010, No. 24 of 2010, No. 4 of 2011, No. 6 of 2011, No. 11 of 2011, No. 16 of 2011, No. 21 of 2011, No. 22 of 2011, No. 5 of 2012, No. 9 of 2012, No. 10 of 2012, No. 14 of 2012, No. 21 of 2012, No. 22 of 2012, No. 23 of 2012, No. 2 of 2013, No. 8 of 2013, No. 11 of 2013 and No. 16 of 2013; and
(b) under paragraph 57(2)(b) of the Act, DETERMINE that a reporting document or part of a reporting document described in Part 1, Part 2 and Part 3 of the Schedule does not contain confidential information.
This determination has effect on the date of registration on the FRLI.
Note:
The effect of this instrument is that the non-confidential information may be published under
subsection 56(5C) of the Australian Prudential Regulation Authority Act.
Dated: 9 December 2013
[Signed]
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Ian Laughlin
Deputy Chairman
Interpretation
In this determination:
APRA means the Australian Prudential Regulation Authority.
FRLI means the Federal Register of Legislative Instruments.
reporting document means a reporting document within the meaning of section 13 of the
Financial Sector (Collection of Data) Act 2001.
Schedule
Part 1 (reporting documents covered by this determination)
This determination applies to the annual information in reporting forms given to APRA by a life insurer or friendly society under the following reporting standards, where a period of at least 14 days has elapsed from the date the life insurer or friendly society was required to provide the information required under the reporting standards in accordance with paragraph 5 of Reporting Standard LRS 001 Reporting Requirements:
1. New reporting standards which came into effect on 1 January 2013
a. Reporting Standard LRS 300.0 Statement of Financial Position
b. Reporting Standard LRS 112.0 Determination of Capital Base – only data in the form LRF 112.2 Determination of Capital Base (Entity)
Schedule
Part 2 (Parts of reporting documents covered by this determination)
This determination applies to the annual information in reporting forms given to APRA by a life insurer or friendly society under the following reporting standards, where a period of at least 14 days has elapsed from the date the life insurer or friendly society was required to provide the information required under the reporting standards in accordance with paragraph 5 of Reporting Standard LRS 001 Reporting Requirements:
Parts of reporting form covered by this determination
Reporting standards
LRF_110_1: Prescribed Capital Amount (SF, GF) - statutory fund only
(a) Section 1: Summary of prescribed capital amount:
(i) 1. LRF 114: Asset risk charge
(ii) 2. LRF 115: Insurance risk charge
(iii) 3. Less: Aggregation benefit
(iv) 4. LRF 200: Aggregate risk charge for variable annuities
(v) 5. LRF 117: Asset concentration risk charge
(vi) 6. LRF 118: Operational risk charge
(vii) 7. Combined stress scenario adjustment
(viii) 8. Adjustment to prescribed capital amount as approved by APRA – Total amount
(ix) 9. Prescribed capital amount
(b) Section 2: Capital adequacy assessment -
(i) 10. Capital base
(ii) 10.1 Tier 2 Capital
(iii) 11. Capital base net of Tier 2 Capital
(iv) 12. Capital in excess of prescribed capital amount
LRS 110.1 Prescribed Capital Amount (which came into effect on 1 January 2013)
LRF_110_2: Prescribed Capital Amount (Entity)
(a) Section 1: Summary of prescribed capital amount:
(i) 1. Life company: Prescribed capital amount
(b) Section 2: Capital adequacy assessment
(i) 2. LRF 112.2: Life company: Capital base
(ii) 2.1 Common Equity Tier 1 Capital
(iii) 2.2 Additional Tier 1 Capital
(iv) 2.3 Tier 2 Capital
(v) 3. Capital in excess of prescribed capital amount
LRS 110.1 Prescribed Capital Amount (which came into effect on 1 January 2013)
LRF_310_1: Income Statement (SF and SF Eliminations) and
LRF_310_2: Income Statement (SF Total, GF, GF Elim, Entity)
Revenue
(i) 1.6. Total insurance policy revenue, net of reinsurance
(ii) 2.4. Total fees for management services rendered
(iii) 3.3. Total investment revenue
(iv) 4. Other revenue
(v) 5. Total revenue
Expenses
(vi) 6.10. Total insurance policy expense, net of reinsurance
(vii) 7.13. Total operating expenses
(viii) 11. Effective movement in net policy liabilities
(ix) 12.1. Increase/(decrease) in policy owner retained profits
(x) 13. Other expenses
(xi) 14. Total expenses
(xii) 16.3. Total tax
(xiii) 17. Profit/(loss) after income tax
LRS 310.0 Income Statement (which came into effect on 1 January 2013)
AND
This determination applies to the annual information in reporting forms given to APRA by a life insurer and not a friendly society under the following reporting standards, where a period of at least 14 days has elapsed from the date the life insurer was required to provide the information required under the reporting standards in accordance with paragraph 5 of Reporting Standard LRS 001 Reporting Requirements:
Parts of reporting form covered by this determination
Reporting standards
LRF_110_1: Prescribed Capital Amount (SF, GF) - general fund only
(a) Section 1: Summary of prescribed capital amount:
(i) 1. LRF 114: Asset risk charge
(ii) 2. LRF 115: Insurance risk charge
(iii) 3. Less: Aggregation benefit
(iv) 4. LRF 200: Aggregate risk charge for variable annuities
(v) 5. LRF 117: Asset concentration risk charge
(vi) 6. LRF 118: Operational risk charge
(vii) 7. Combined stress scenario adjustment
(viii) 8. Adjustment to prescribed capital amount as approved by APRA – Total amount
(ix) 9. Prescribed capital amount
(b) Section 2: Capital adequacy assessment -
(i) 10. Capital base
(ii) 10.1 Tier 2 Capital
(iii) 11. Capital base net of Tier 2 Capital
(iv) 12. Capital in excess of prescribed capital amount
LRS 110.1 Prescribed Capital Amount (which came into effect on 1 January 2013)
Schedule
Part 3 (Old reporting documents covered by this determination)
This determination applies to reporting forms given to APRA by a life insurer or friendly society under the following reporting standards.
Reporting Standards effective from 1 January 2008 to 30 September 2009:
· Reporting Standard LRS 100.0 Solvency (all data in form) ;
· Reporting Standard LRS 120.0 Management Capital (all data in form);
· Reporting Standard LRS 210.0 Derivatives, Commitments and Off-Balance
Sheet Items (all data in form);
· Reporting Standard LRS 300.0 Statement of Financial Position (all data in form);
· Reporting Standard LRS 310.0 Statement of Financial Performance (all data in form);
· Reporting Standard LRS 330.0 Summary of Revenue and Expenses (all data in form except product level data);
· Reporting Standard LRS 340.0 Retained Profits (all data in form);
· Reporting Standard LRS 400.0 Statement of Policy Liabilities (all data in form except product level data);
· Reporting Standard LRS 420.0 Assets Backing Policy Liabilities (all data in form except product level data); or
· Reporting Standard LRS 430.0 Sources of Profit (all data in form except product level data).
Reporting Standards effective from 1 October 2009 to 31 December 2012:
· Reporting Standard LRS 100.0 Solvency (all data in form);
· Reporting Standard LRS 120.0 Management Capital (all data in form);
· Reporting Standard LRS 210.0 Derivatives, Commitments and Off-Balance
Sheet Items (all data in form);
· Reporting Standard LRS 300.0 Statement of Financial Position (all data in form);
· Reporting Standard LRS 310.0 Statement of Financial Performance (all data in form);
· Reporting Standard LRS 330.0 Summary of Revenue and Expenses (all data in form except product level data);
· Reporting Standard LRS 340.0 Retained Profits (all data in form);
· Reporting Standard LRS 400.0 Statement of Policy Liabilities (all data in form except product level data);
· Reporting Standard LRS 420.0 Assets Backing Policy Liabilities (all data in form except product level data); or
· Reporting Standard LRS 430.0 Sources of Profit (all data in form except product level data).
