{"id":"F2022L00052","name":"Australian Prudential Regulation Authority (confidentiality) determination No. 2 of 2022","slug":"australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":102243,"registerId":"commonwealth-F2022L00052-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Australian Prudential Regulation Authority (confidentiality) determination No. 2 of 2022","content":"![](image.001.png)\n\nAustralian Prudential Regulation Authority\n\n(confidentiality) determination No. 2 of 2022\n\nInformation provided by life insurers and friendly societies under relevant reporting documents\n\n![](image.002.png)Australian Prudential Regulation Authority Act 1998\n\nI, Alison Bliss, delegate of APRA:\n\n(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\n\n(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.\n\nThis determination commences upon registration on the Federal Register of Legislation.\n\nNote: The effect of this instrument is that the non\\-confidential information may be published under subsection 56(5C) of the Act.\n\nDated: 18 January 2022\n\n\\[Signed\\]\n\nAlison Bliss\n\nGeneral Manager\n\nData Analytics & Insights\n\nInterpretation\n\nIn this determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\nreporting document means a reporting document within the meaning of section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nSchedule\n\nPart 1 (reporting documents covered by this determination)\n\nPart 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:\n\n1.  Current Reporting Standards\n\n1.  Reporting Standard LRS 112.0 Determination of Capital Base;\n2.  Reporting Standard LRS 114.2 Derivatives Activity;\n3.  Reporting Standard LRS 114.3 Off\\-balance Sheet Business;\n4.  Reporting Standard LRS 200.0 Capital Adequacy Supplementary Information;\n5.  Reporting Standard LRS 300.0 Statement of Financial Position;\n6.  Reporting Standard LRS 310.0 Income Statement;\n7.  Reporting Standard LRS 330.0 Summary of Revenue and Expenses;\n8.  Reporting Standard LRS 340.0 Retained Profits;\n9.  Reporting Standard LRS 400.0 Statement of Policy Liabilities;\n10.  Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and\n11.  Reporting Standard LRS 430.0 Sources of Profit.\n\nThis determination also applies to reporting forms given to APRA by a life insurer or friendly society under the following superseded reporting standards:\n\n    2. Superseded Reporting Standards effective from 1 January 2008 to 30 September 2009:\n\n1.  Reporting Standard LRS 100.0 Solvency;\n2.  Reporting Standard LRS 120.0 Management Capital;\n3.  Reporting Standard LRS 210.0 Derivatives, Commitments and Off-balance Sheet Items;\n4.  Reporting Standard LRS 300.0 Statement of Financial Position;\n5.  Reporting Standard LRS 310.0 Statement of Financial Performance;\n6.  Reporting Standard LRS 330.0 Summary of Revenue and Expenses;\n7.  Reporting Standard LRS 340.0 Retained Profits;\n8.  Reporting Standard LRS 400.0 Statement of Policy Liabilities;\n9.  Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and\n10.  Reporting Standard LRS 430.0 Sources of Profit.\n\n    3. Superseded Reporting Standards effective from 1 October 2009 to 31 December 2012:\n\n1.  Reporting Standard LRS 100.0 Solvency;\n2.  Reporting Standard LRS 120.0 Management Capital;\n3.  Reporting Standard LRS 210.0 Derivatives, Commitments and Off-balance Sheet Items;\n4.  Reporting Standard LRS 300.0 Statement of Financial Position;\n5.  Reporting Standard LRS 310.0 Statement of Financial Performance;\n6.  Reporting Standard LRS 330.0 Summary of Revenue and Expenses;\n7.  Reporting Standard LRS 340.0 Retained Profits;\n8.  Reporting Standard LRS 400.0 Statement of Policy Liabilities;\n9.  Reporting Standard LRS 420.0 Assets Backing Policy Liabilities; and\n10.  Reporting Standard LRS 430.0 Sources of Profit.\n\nPart 2 (Parts of reporting documents covered by this determination)\n\nPart 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:\n\n| Parts of reporting form covered by this determination                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Reporting standards                       |\n| ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------- |\n| LRF 110.1: Prescribed Capital Amount (SF, GF)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. Adjustments to prescribed capital amount as approved by APRA – total amount only(ix) 9. Prescribed capital amountSection 2: Capital adequacy assessment – all data items                                                                | LRS 110.0 Prescribed Capital Amount       |\n| LRF 110.2: Prescribed Capital Amount (Entity) – all data items                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | LRS 110.0 Prescribed Capital Amount       |\n| LRF 112.3: Related Party ExposuresSection 1: Investments in subsidiaries, joint ventures and associates and contributions to regulatory adjustments(i) Total assets – total amount only(ii) Value of investment net of goodwill and other intangibles – total amount only.(iii) Goodwill – total amount only.(iv) Other intangibles – total amount only.(v) Adjustment for goodwill / other intangibles – total amount only.(vi) Regulatory capital requirement – total amount only.(vii) Adjustment for regulatory capital requirement – total amount only.Section 2: Other related party exposures(viii) Fair value of exposure – total amount only | LRS 112.3 Related Party Exposures         |\n| LRF 114.0: Asset Risk ChargeSection 1: Asset risk charge calculation(i) 1. Total assets – all data items(ii) 2. Total liabilities – all data items(iii) 3. Liability adjustments – all data items(iv) 4. Off-balance sheet exposures – all data items(v) 5. Impact on capital base – all data items(vi) 6. Risk charge components – all data items(vii) 7. Aggregated risk charge component – all data items(viii) 8. Adjustments to asset risk charge as approved by APRA – total amount only(ix) 9. Asset risk chargeSection 2: Additional information – Asset risk charge – all data items                                                         | LRS 114.0 Asset Risk Charge               |\n| LRF 115.0 Insurance Risk Charge (SF)Section 1: Insurance risk charge calculation(i) 1. Fund TOTAL: Stressed policy liabilities – all data items(ii) 2. Fund TOTAL: Adjusted policy liabilities – all data items(iii) 3. Fund TOTAL: Stress impact on adjusted policy liabilities(iv) 4. Less: Tax benefits(v) 5. Adjustments to insurance risk charge as approved by APRA – total amount only(vi) 6. Insurance risk charge                                                                                                                                                                                                                            | LRS 115.0 Insurance Risk Charge           |\n| LRF 115.1 Insurance Risk Charge (GF)(i) 1. Expected management fees (net of any assumed reduction shown in 1.1) – all data items(ii) 2. Expected servicing expenses(iii) 3. Expected deficiency (before prescribed multiplier)(iv) 4. Additional deficiency from prescribed servicing expense stress(v) 5. Expected deficiency (post prescribed multiplier)(vi) 6. Total servicing expense reserve(vii) 7. Less: Tax benefits(viii) 8. Adjustments to insurance risk charge as approved by APRA – total amount only(ix) 9. Insurance risk charge                                                                                                      | LRS 115.0 Insurance Risk Charge           |\n| LRF 117.0: Asset Concentration Risk Charge(i) 1.Value of assets of the fund (VAF) – all data items(ii) 2. Capital base(iii) 3. Large Exposures and contributions to asset concentration risk charge –Specialist reinsurer? (Y/N)Section 3: Totals and risk charges(iv) 4. Aggregate of excess exposures subjected to asset concentration risk charge – all data items(v) 5. Adjustments to asset concentration risk charge as approved by APRA – total amount only.(vi) 6. Asset concentration risk charge                                                                                                                                            | LRS 117.0 Asset Concentration Risk Charge |\n| LRF 118.0: Operational Risk ChargeSection 1: Operational risk charge calculation(i) Specialist reinsurer? (Y/N)(ii) 1. Operational risk charge for risk business – all data items(iii) 2. Operational risk charge for investment-linked business – all data items(iv) 3. Operational risk charge for other business – all data items(v) 4. Adjustments to operational risk charge as approved by APRA – total amount only(vi) 5. Operational risk charge                                                                                                                                                                                              | LRS 118.0 Operational Risk Charge         |","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The legislation remains focused on its original purpose of specifying which prudential reporting information submitted by life insurers and friendly societies should be treated as non-confidential and therefore publishable by APRA. While it updates the specific reporting standards covered (revoking the 2015 determination and adding newer standards), this represents routine maintenance of the confidentiality framework rather than expansion beyond the original intent."},"complexity_factors":["Extensive cross-referencing to external reporting standards (LRS series) without reproducing their full content—requires readers to consult separate APRA reporting standards to understand scope","Complex tabular structure in Part 2 with nested item numbering (roman numerals, letters, numbers) creating dense conditional logic about which specific data fields are covered","Temporal complexity: applies to current standards plus two distinct historical periods of superseded standards (2008-2009 and 2009-2012), creating overlapping applicability rules","14-day embargo period condition that must be calculated from the reporting deadline under a separate standard (LRS 001)","Mix of 'all data items' versus 'total amount only' specifications requiring careful parsing of which granular data is disclosed versus aggregated","Specialist terminology throughout (prescribed capital amount, asset risk charge, aggregation benefit, variable annuities) that assumes actuarial/regulatory expertise"],"plain_english_summary":"This APRA determination declares certain financial reports and data from life insurers and friendly societies non‑confidential, authorising APRA to publish them. It replaces the 2015 determination and broadens public access to insurers’ financial health information.\n\nThe change increases sector transparency and market discipline by letting investors, analysts, policyholders and the public see detailed measures of capital, risks and financial position that were previously confidential."},"flash_summary":{"complexity_score":4,"scope_assessment":{"changed":true,"description":"This determination expressly revokes Determination No. 12 of 2015 and sets out a new list of reporting standards and specific form parts to be non-confidential. The instrument therefore changes the applicable confidentiality regime; determining whether coverage is broader or narrower requires direct comparison with the revoked 2015 determination."},"complexity_factors":["Narrow subject matter: applies specifically to confidentiality classification of life insurer / friendly society reporting forms.","Extensive schedule: many current and superseded reporting standards and numerous specific form parts listed.","Timing rule: 14-day delay between required submission date and publication eligibility (cross-references Reporting Standard LRS 001).","Partial application: some entries apply to whole forms, others to specified parts or data items only (requires mapping to returns).","Delegated administrative action: instrument made by APRA delegate under s57 of the APRA Act and s33(3) Acts Interpretation Act 1901.","Legal cross-references: interacts with APRA Act s56(5C) and Reporting Standard LRS 001, requiring users to consult multiple instruments to determine effect."],"plain_english_summary":"This instrument revokes APRA (confidentiality) determination No. 12 of 2015 and declares that certain reporting documents, or specified parts of them, supplied to APRA by life insurers and friendly societies are not confidential. Once at least 14 days have passed from the reporting due date set by Reporting Standard LRS 001, APRA may publish the non-confidential information under section 56(5C) of the APRA Act. It affects entities that file the listed LRS reporting forms (current and specified superseded standards)."}},"importantCases":[],"_links":{"self":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022","history":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022/history","analysis":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022/analysis","conflicts":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022/conflicts","importantCases":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022/important-cases","documents":"/api/acts/australian-prudential-regulation-authority-confidentiality-determination-no-2-of-2022/documents"}}