Australian Prudential Regulation Authority (confidentiality) determination No. 1 of 2022 (Cth)

Australian Prudential Regulation Authority (confidentiality) determination No. 1 of 2022

Information provided by general insurers 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. 11 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, Part 2 or Part 3 of the Schedule do not contain confidential information.

This instrument 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)

This determination applies to quarterly and annual information in the reporting forms given to APRA by a general insurer under the following reporting standards, where a period of at least 14 days has elapsed from the date the general insurer was required to provide the information required under the reporting standards in accordance with paragraph 5 of Reporting Standard GRS 001 Reporting Requirements:

1. Current reporting standards

1. Reporting Standard GRS 112.0 Determination of Capital Base 2. Reporting Standard GRS 114.1 Assets by Counterparty Grade 3. Reporting Standard GRS 114.2 Derivatives Activity 4. Reporting Standard GRS 114.3 Off-balance Sheet Business 5. Reporting Standard GRS 114.4 Details of Investment Assets 6. Reporting Standard GRS 300.0 Statement of Financial Position 7. Reporting Standard GRS 310.0 Income Statement 8. Reporting Standard GRS 310.1 Premium Revenue and Reinsurance Expense 9. Reporting Standard GRS 310.2 Claims Expense and Reinsurance Recoveries 10. Reporting Standard GRS 310.3 Details of Income and Expenses 11. Reporting Standard GRS 400.0 Statement of Risk by Country 12. Reporting Standard GRS 410.0 Movement in Outstanding Claims Liabilities 13. Reporting Standard GRS 420.0 Premium Revenue by State and Territory of Australia 14. Reporting Standard GRS 430.0 Claims Expense by State and Territory of Australia 15. Reporting Standard GRS 440.0 Claims Development Tables