Australian Prudential Regulation Authority

(confidentiality) determination No. 2 of 2022

Information provided by life insurers and friendly societies under relevant reporting documents

Australian Prudential Regulation Authority Act 1998

I, Alison Bliss, 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) determination No. 12 of 2015; and

(b)           under paragraph 57(2)(b) of the Act, determine all or a specified part of the reporting documents of a kind specified in Part 1 or Part 2 of the Schedule do not contain confidential information.

This determination commences upon registration on the Federal Register of Legislation.

Note: The effect of this instrument is that the non-confidential information may be published under subsection 56(5C) of the Act.

Dated:  18 January 2022

[Signed]

Alison Bliss

General Manager

Data Analytics & Insights

Interpretation 

In this determination:

APRA means the Australian Prudential Regulation Authority.

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)

Part 1 of the Schedule of this determination applies to all of the 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. Current Reporting Standards

1. Reporting Standard LRS 112.0 Determination of Capital Base;
2. Reporting Standard LRS 114.2 Derivatives Activity;
3. Reporting Standard LRS 114.3 Off-balance Sheet Business;
4. Reporting Standard LRS 200.0 Capital Adequacy Supplementary Information;
5. Reporting Standard LRS 300.0 Statement of Financial Position;
6. Reporting Standard LRS 310.0 Income Statement;
7. Reporting Standard LRS 330.0 Summary of Revenue and Expenses;
8. Reporting Standard LRS 340.0 Retained Profits;
9. Reporting Standard LRS 400.0 Statement of Policy Liabilities;
10. Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and
11. Reporting Standard LRS 430.0 Sources of Profit.

This determination also applies to reporting forms given to APRA by a life insurer or friendly society under the following superseded reporting standards:

2.      Superseded Reporting Standards effective from 1 January 2008 to 30 September 2009:

1. Reporting Standard LRS 100.0 Solvency;
2. Reporting Standard LRS 120.0 Management Capital;
3. Reporting Standard LRS 210.0 Derivatives, Commitments and Off-balance Sheet Items;
4. Reporting Standard LRS 300.0 Statement of Financial Position;
5. Reporting Standard LRS 310.0 Statement of Financial Performance;
6. Reporting Standard LRS 330.0 Summary of Revenue and Expenses;
7. Reporting Standard LRS 340.0 Retained Profits;
8. Reporting Standard LRS 400.0 Statement of Policy Liabilities;
9. Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and
10. Reporting Standard LRS 430.0 Sources of Profit.

3.      Superseded Reporting Standards effective from 1 October 2009 to 31 December 2012:

1. Reporting Standard LRS 100.0 Solvency;
2. Reporting Standard LRS 120.0 Management Capital;
3. Reporting Standard LRS 210.0 Derivatives, Commitments and Off-balance Sheet Items;
4. Reporting Standard LRS 300.0 Statement of Financial Position;
5. Reporting Standard LRS 310.0 Statement of Financial Performance;
6. Reporting Standard LRS 330.0 Summary of Revenue and Expenses;
7. Reporting Standard LRS 340.0 Retained Profits;
8. Reporting Standard LRS 400.0 Statement of Policy Liabilities;
9. Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and
10. Reporting Standard LRS 430.0 Sources of Profit.

Part 2 (Parts of reporting documents covered by this determination)

Part 2 of the Schedule of this determination applies to the information in the following parts of 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: