{"id":"F2013L00083","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 26 of 2013 - GRS 170.0 (2008) - Concentration Risk Charge; Reporting Standard GRS 900.0 - Transitional Arrangements 2010","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":126927,"registerId":"commonwealth-F2013L00083-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting standard) determination No. 26 of 2013 - GRS 170.0 (2008) - Concentration Risk Charge; Reporting Standard GRS 900.0 - Transitional Arrangements 2010","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 26 of 2013\n\nReporting Standard GRS 170.0 (2008) Concentration Risk Charge; Reporting Standard GRS 900.0 Transitional Arrangements 2010\n\nFinancial Sector (Collection of Data) Act 2001\n\nI, Ian Laughlin, 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:\n\n(a) Financial Sector (Collection of Data) (reporting standard) determination No. 73 of 2008, including Reporting Standard GRS 170.0 (2008) Concentration Risk Charge made under that Determination; and\n\n(b) Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2010, including Reporting Standard GRS 900.0 Transitional Arrangements 2010 made under that Determination.\n\nThis revocation takes effect on 1 January 2013.\n\nDated: 20 December 2012\n\n\\[Signed\\]\n\nIan Laughlin\n\nMember\n\nInterpretation\n\nIn this Determination:\n\nAPRA means the Australian Prudential Regulation Authority.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2810},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly as its title and preamble suggest: it solely revokes two specific reporting standards. There is no expansion beyond the straightforward purpose of removing outdated reporting requirements."},"complexity_factors":["Single operative provision (revocation only)","Extremely short length (essentially one page)","Only one defined term (APRA)","No conditional logic, exceptions, or nested provisions","Straightforward cross-references to enabling legislation and the two revoked instruments"],"plain_english_summary":"This is a short legal direction from the Australian Prudential Regulation Authority (APRA) that officially cancels two old financial reporting rules, effective from 1 January 2013.\n\n**What it does:**\n- **Scraps two reporting standards** that previously applied to financial institutions (specifically general insurers):\n  - *GRS 170.0 (2008)*: Rules about reporting 'concentration risk charges' (reserves or capital requirements when an insurer has too much exposure to one type of risk or geographic area)\n  - *GRS 900.0 (2010)*: Transitional arrangements that helped insurers move between different reporting systems in 2010\n\n**Who it affects:**\nGeneral insurance companies that were previously required to submit data to APRA under these specific standards.\n\n**Why it matters:**\nThis determination removes specific reporting obligations, reducing compliance paperwork for affected insurers. APRA likely introduced newer standards to replace these, making this a housekeeping measure to clear away outdated requirements."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-26-of-2013-grs-170-0-2008-co/documents"}}