Financial Sector (Collection of Data) determination No. 29 of 2005

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Financial Sector (Collection of Data) determination No. 29 of 2005
Financial Sector (Collection of Data) Act 2001
I, Charles Watts Littrell, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (‘the Act’) and subsection 33(3) of the Acts Interpretation Act 1901 REVOKE the reporting standards set out in the Schedule, which have applied to general insurers within the meaning of the Insurance Act 1973.
 
Under section 15 of the Act, I DECLARE that a reporting standard set out in the Schedule shall cease to apply to general insurers on the day that its corresponding reporting standard begins to apply or, if it has no corresponding reporting standard, on 1 July 2005 (in all cases without prejudice to any accrued obligation that may have arisen in respect of a reporting period ending before 30 June 2005).
 
 
 
Dated 21 June 2005
 
 
[signed]
……………………............
Charles Littrell
Executive General Manager
Policy, Research and Statistics Division
APRA
 
 
Interpretation
 
In this Notice
 
APRA means the Australian Prudential Regulation Authority.
 
corresponding reporting standard, in relation to a reporting standard mentioned in the Schedule, means the reporting standard made on the date of this determination that has the same series number as the one mentioned in the Schedule (e.g. reporting standard GRS 110.0 (2005) is the corresponding reporting standard in relation to reporting standard GRS 110.0).  
 
 
Schedule          
 
·               Reporting Standard GRS 110.0 Minimum Capital Requirement
·               Reporting Standard GRS 120.0 Determination of Capital Base
·               Reporting Standard GRS 130.0 Off-Balance Sheet Business - Credit Substitutes Provided and Risk Charge
·               Reporting Standard GRS 130.1 Off-Balance Sheet Business - Liquidity Support Facilities Obtained
·               Reporting Standard GRS 130.2 Off-Balance Sheet Business - Charges Granted and Risk Charge
·               Reporting Standard GRS 130.3 Off-Balance Sheet Business - Credit Support Received
·               Reporting Standard GRS 140.0 Investments - Direct Interest Rate Holdings and Risk Charge
·               Reporting Standard GRS 140.1 Investments - Direct Equity Holdings and Risk Charge
·               Reporting Standard GRS 140.2 Investments - Direct Property Holdings and Risk Charge
·               Reporting Standard GRS 140.3 Investments - Loans and Advances and Risk Charge
·               Reporting Standard GRS 140.4 Investments - Assets Indirectly Held by Insurer and Risk Charge
·               Reporting Standard GRS 150.0 Asset Concentration and Risk Charge
·               Reporting Standard GRS 160.0 Derivative Activity and Risk Charge
·               Reporting Standard GRS 170.0 Maximum Event Retention and Risk Charge
·               Reporting Standard GRS 210.0 Outstanding Claims Provision - Insurance Risk Charge
·               Reporting Standard GRS 210.1 Premium Liabilities - Insurance Risk Charge
·               Reporting Standard GRS 300.0 Statement of Financial Position
·               Reporting Standard GRS 310.0 Statement of Financial Performance
·               Reporting Standard GRS 310.1 Premium Revenue and Reinsurance Expense
·               Reporting Standard GRS 310.2 Claims Expense and Reinsurance Recoveries
·               Reporting Standard GRS 310.3 Investment and Operating Income and Expense
·               Reporting Standard GRS 320.0 Reconciliation of Annual Disclosure
·               Reporting Standard GRS 400.0 Statement of Risk by Country
·               Reporting Standard GRS 410.0 Movement in Outstanding Claims Provision
·               Reporting Standard GRS 420.0 Premium Revenue by State of Australia
·               Reporting Standard GRS 430.0 Claims Expense by State of Australia
·               Reporting Standard GRS 440.0 Claims Development Tables
·               Reporting Standard GRS 450.0 Interest in Controlled Entities and Joint Ventures
·               Reporting Standard GRS 900.0 Temporary Parallel Reporting Requirements

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