{"id":"F2013L00091","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 9 of 2013","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":126932,"registerId":"commonwealth-F2013L00091-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Financial Sector (Collection of Data) (reporting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. 9 of 2013","content":"![](image.001.png)\n\nFinancial Sector (Collection of Data) (reporting standard) determination No. 9 of 2013\n\nReporting Standard GRS 114.4 Details of Investment Assets\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:\n\n(a) REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2010, including Reporting Standard GRS 140 (2010) Investments made under that Determination; and\n\n(b) DETERMINE Reporting Standard GRS 114.4 Details of Investment Assets, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.\n\nUnder section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 January 2013.\n\nThis instrument commences 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.\n\nfinancial sector entity has the meaning given in section 5 of the Act.\n\nSchedule\n\nReporting Standard GRS 114.4 Details of Investment Assets comprises the 26 pages commencing on the following page.\n\n![](image.001.png)\n\nReporting Standard GRS 114.4\n\nDetails of Investment Assets\n\nObjective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA relating to a general insurer’s investment assets.\n\nIt includes Form GRF 114.4 Details of Investment Assets and associated specific instructions and must be read in conjunction with the general instruction guide.\n\nAuthority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\nPurpose\n\n2. Information collected in Form GRF 114.4 Details of Investment Assets (GRF 114.4) is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.\n\nApplication and commencement\n\n3. This Reporting Standard applies to all general insurers authorised under the Insurance Act 1973 (insurers). This Reporting Standard applies for reporting periods ending on or after 1 January 2013.\n\nInformation required\n\n4. An insurer must provide APRA with the information required by Form GRF 114.4 for each reporting period.\n\nForms and method of submission\n\n5. The information required by this Reporting Standard must be given to APRA in electronic format using the ‘Direct to APRA’ application or, where ‘Direct to APRA’ is not available, by a method notified by APRA prior to submission.\n\nNote: The ‘Direct to APRA’ application software may be obtained from APRA.\n\nReporting periods and due dates\n\n6. Subject to paragraph 7, an insurer must provide the information required by this Reporting Standard:\n\n(a) in respect of each quarter based on the financial year of the insurer; and\n\n(b) in respect of each financial year of the insurer.\n\nNote: The annual information required from an insurer by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the insurer’s yearly statutory accounts within the meaning of section 3 of the Insurance Act 1973 (the Insurance Act). This means that the information must be audited in accordance with paragraph 49J(1)(a) of the Insurance Act. Under subsection 49J(3), the principal auditor of the insurer must give the insurer a certificate relating to the yearly statutory accounts, and that certificate must contain statements of the auditor’s opinions on the matters required by the prudential standards to be dealt with in the certificate.\n\n7. If, having regard to the particular circumstances of an insurer, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular insurer.\n\n8. The information required by this Reporting Standard in respect of an insurer must be provided to APRA:\n\n(a) within the time stated in Reporting Standard GRS 001 Reporting Requirements (GRS 001); or\n\n(b) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: Paragraph 49L(1)(a) of the Insurance Act provides that the auditor’s certificate required under subsection 49J(3) of that Act must be lodged with APRA in accordance with the prudential standards. The prudential standards provide that the certificate must be submitted to APRA together with the yearly statutory accounts. Accordingly, the auditor’s certificate relating to the annual information referred to in subparagraph 6(b) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\nQuality control\n\n9. The information provided by an insurer under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Appointed Auditor of the insurer. This will require the Appointed Auditor to review and test the insurer’s systems, processes and controls designed to enable the insurer to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Appointed Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board (AUASB) as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters.\n\n10. All information provided by an insurer under this Reporting Standard must be subject to systems, processes and controls developed by the insurer for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\nAuthorisation\n\n11. When an officer, or agent, of an insurer provides the information required by this Reporting Standard using the ‘Direct to APRA’ software it will be necessary for an officer, or agent, to digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n12. If an insurer provides the information required by this Reporting Standard through an agent who submits using the ‘Direct to APRA’ software on the insurer’s behalf, the insurer must:\n\n(a) obtain from the agent a copy of the completed form with the information provided to APRA; and\n\n(b) retain the completed copy.\n\n13. An officer, or agent, of an insurer who submits the information under this Reporting Standard for, or on behalf of, the insurer must be authorised by either:\n\n(a) the Principal Executive Officer of the insurer; or\n\n(b) the Chief Financial Officer of the insurer.\n\nVariations\n\n14. APRA may, by written notice to the insurer, vary the reporting requirements of Form GRF 114.4 in relation to that insurer.\n\nTransition\n\n15. An insurer must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard (being the reporting standard which this Reporting Standard replaces); and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) which ended before the date of revocation of the old reporting standard; and\n\n(b) in relation to which the insurer was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an insurer was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the insurer is still required to provide any overdue reporting documents in accordance with the old reporting standard.\n\nInterpretation\n\n16. In this Reporting Standard (including the attachments):\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard GPS 001 Definitions (GPS 001); and\n\n(b) Appointed Auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act;\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the insurer, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the insurer;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: In the forms and instructions, a reference to an ‘authorised insurer’, ‘authorised insurance entity’ or ‘licensed insurer’ is a reference to an insurer, and a reference to an ‘authorised reinsurance entity’ is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal Executive Officer means the principal executive officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the insurer; and\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n![](image.002.png)\n\n  \n![](image.003.png)\n\n  \n![](image.004.png)\n\n  \n![](image.005.png)\n\n  \n![](image.006.png)\n\nGRF\\_114\\_4: Details of Investment Assets\n\nThese instructions must be read in conjunction with the general instruction guide.\n\nExplanatory notes\n\nHoldings of units in unit trusts\n\nWhere the reporting insurer's investments are represented by holdings of units in unlisted or listed managed investment vehicles/entities, units are to be reported in Section 5 of this form. This requires amongst other things, disclosure of the value of the unit holding according to the nature of the underlying market exposure (i.e. fixed interest rate related, equity related, property related). If the units are held in a diversified or balanced trust, the investment holding is to be disclosed in accordance with the fund's advised asset allocation.\n\nAs an exception, if the units are held in a related party of the reporting insurer (i.e. a dedicated investment management entity for the Insurer), the insurer may apply to APRA to have such entities approved as part of its Extended Licensed Entity (ELE). This is set out in Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge (GPS 114). Once approved by APRA this will allow the insurer to look through the legal structures involved and consolidate the balance sheet of the related party with its own for the purposes of determining the Asset Risk Charge. If the insurer has an approved ELE, the underlying individual securities/investments supporting the units held by the licensed insurer are to be disclosed in the investment returns.\n\nSubordinated debt\n\nSubordinated debt is any debt instrument issued by a company (whether Australian or foreign) that constitutes debt subordination within the meaning of subsection 563C(2) of the Corporations Act 2001 but with the references in the subsection to ‘Company’ to be read as including foreign corporations. This definition does not apply to debt instruments issued by a special purpose vehicle (SPV) set up for the purpose of securitising an asset or a pool of assets. Any debt instruments issued by such an SPV are to be treated as ordinary debt instruments with the asset risk charge applied according to the issue-specific counterparty rating.\n\nSecurities purchased (sold) under agreements to resell (repurchase) and stock lending / borrowing\n\nTreatment is to be consistent with Australian Accounting Standard AASB 139 Financial Instruments: Recognition and Measurement (AASB 139). Where the transferee of the security effectively receives a lender's rate of return, or a return that does not correlate with ownership of the securities (i.e. the risks and rewards of ownership of the underlying securities are not effectively transferred), these transactions are to be accounted for as collateralised borrowing or lending activities.\n\nUnder this method of accounting, for transactions that satisfy the above, do not adjust (i.e. increase or decrease) the physical investment security holdings/portfolios (interest rate and equity investments) for the securities that are subject to these agreements.\n\nSecurities Transacted not Settled (i.e. trade date accounting)\n\nFor the purpose of this form, include market related securities that are recorded on a trade date basis and transacted in accordance with accepted financial market settlements periods in the relevant sections. These do not constitute forward asset purchases for the purposes of GRF 114.3 Off-balance Sheet Business.\n\nInstructions for specific items\n\nSection 1: Direct interest rate holdings\n\nDeposits or placements with (i.e. money market type deposits / placements)\n\nThis is the value of deposits or placements that are of a money market type basis, as at the reporting date, redeemable or withdrawable by the reporting insurer on demand or within 24 hours. This must be held as part of the reporting insurer's investments portfolio.\n\nDo not include any deposits at call that are used by the reporting insurer for daily liquidity/operations (i.e. funds that are not specifically included as investment funds). These are to be disclosed as money at short call in Item 1.2 of GRF 300.0 Statement of Financial Position.\n\n1.1. Authorised Deposit Taking Institutions (ADIs)\n\nThis is the value of deposits or placements with ADIs. An ADI has an in force authority under subsection 9(3) of the Banking Act 1959.\n\n1.2. Other\n\nThis is the value of deposits or placements with entities other than ADIs.\n\nShort term securities\n\nShort term securities are those with an original term to maturity (as opposed to a residual term to maturity) that is equal to or less than 1 year. Include: bills of exchange; certificates of deposits; commercial paper; other one name paper; and securities lent or sold under repurchase agreements.\n\nBills of exchange\n\nA bill of exchange is an unconditional order drawn (issued) by one party, sent to another party for acceptance and made out to, or to the order of, a third party, or the bearer. It is a negotiable instrument that binds each endorser of the bill to pay on redemption should the acceptor fail to do so. These securities are issued at a discount to face value.\n\nBank accepted\n\nThis is the value of bills of exchange held by the reporting insurer as at the relevant date, and that have been accepted by a bank.\n\nOther\n\nThis is the value of bills of exchange held by the reporting insurer as at the relevant date, and that have not been accepted by a bank.\n\nCommercial paper and promissory notes issued by\n\nThis is the value of short term securities excluding bills of exchange.\n\nADIs\n\nAn ADI has an in force authority under subsection 9(3) of the Banking Act 1959.\n\nGeneral insurance corporations\n\nA general insurance corporation is a body corporate that is authorised under section 12 of the Insurance Act 1973 to carry on insurance business in Australia. More generally, a non-life, property or casualty insurer.\n\nSecuritisers\n\nThis refers to a securitisation program or securitiser. A securitisation program represents a structure (a Special Purpose Vehicle (SPV)) where the cash flows from a pool of assets (or interests in assets) are used to service obligations to creditors (typically holders of debt securities) who fund the SPV.\n\nPrivate trading corporations\n\nA private trading corporation (non-financial) is a corporation owned and controlled by the private sector whose main activities are producing goods or non-financial services for sale.\n\nThis includes:\n\n-   all resident private corporate trading enterprises, and non-profit institutions that are market producers of goods or non-financial services;\n-   intra-group financiers and retailers registered under the Financial Sector (Collection of Data) Act 2001 (Collection of Data Act) and parent corporations with significant holdings of shares in private trading companies;\n-   privately owned schools and hospitals;\n-   any unincorporated unit that is a branch in Australia of a non-resident company and which is not included in the financial sector; and\n-   unincorporated business in the nature of branches of non-resident companies and joint ventures or partnerships owned / operated by trading corporations.\n\nRegistered Financial Corporations\n\nRegistered Financial Corporations (RFC) are corporations registered by APRA under the Collection of Data Act that are classified as Categories D, Other, or are Cash Management Trusts. These entities are involved in the business of provision of finance (i.e. loans or debt securities) and, usually, the borrowing of money.\n\nAustralian Commonwealth Government corporations\n\nThis refers to a Commonwealth Public Sector Trading Enterprise (non-financial), which is a trading enterprise owned and controlled by the Australian Commonwealth Government and which produce goods or non-financial services for sale at market price.\n\nThis includes all trading enterprises owned 50 per cent or more by the Commonwealth Government or controlled by the Commonwealth Government through legislation, decree, or regulation. This excludes the Commonwealth Government itself; Government departments; Commonwealth Government owned financial institutions; and Commonwealth borrowing authorities.\n\nAustralian Commonwealth Government\n\nThe Australian Commonwealth Government includes the Federal Government but excludes State and Territory Governments and Commonwealth Public Sector Trading Enterprises.\n\nOther Australian Government (state, territory & local government)\n\nThis refers to a state, territory or local Public Sector Trading Enterprise, being a business which is owned and controlled by a state, territory, or local government and which is not a financial institution or central borrowing authority.\n\nThis includes all trading enterprises 50 per cent or more owned by a state, territory or local government or controlled by a state, territory, or local government through legislation, decree, or regulation (e.g. state rail and water authorities, gas and fuel authorities, housing commissions, port authorities, non-privatised power authorities, etc.).\n\n2.11.1. Where the security has a Grade 1 rating or the country's long term foreign currency rating is Grade 1\n\nThis refers to a national government of a foreign country where the security in relation to the reported information has a grade 1 counterparty rating or the long term foreign currency counterparty rating of the country is grade 1. Grade 1 is defined as per Prudential Standard GPS 001 Definitions (GPS 001).\n\n2.11.2. Other\n\nThis refers to a national government of a foreign country where the security in relation to the reported information does not have a grade 1 counterparty rating or the long term foreign currency counterparty rating of the country is not grade 1.\n\n2.12. Other\n\nThe counterparty for this item is any other counterparty which is not specifically identified in Item 2 in Section 1 of this form.\n\nIt is automatically calculated as Item 2.13 less the sum of Items 2.3 to 2.10, 2.11.1 and 2.11.2\n\n2.13. Total commercial paper and promissory notes\n\nThis is the total amount of short term securities that are not bills of exchange.\n\nLong term debt securities\n\nLong term debt securities are those which have an original term to maturity (as opposed to residual term to maturity) that is greater than 1 year. Include: commercial paper; other one name paper; and securities lent or sold under repurchase agreements.\n\nFor items 3.1 to 3.10, refer to instructions for Items 2.3 to 2.12 for definitions of these counterparties.\n\nTotal direct interest rate investments\n\nThis is the value of debt securities held by the reporting insurer as at the relevant date, plus the value of deposits and placements that have been classified by the reporting insurer as assets backing insurance liabilities for statutory reporting purposes.\n\nIt is automatically calculated as the sum of Items 1.1 to 3.10 in Section 1, excluding Item 2.13, and including sub-items.\n\n4.1. Of which: denominated in a currency other than the Australian currency\n\nThis is the value of direct interest rate investments that are denominated in a currency other than the Australian currency.\n\n4.2. Of which: holdings in own debt instruments\n\nThis is the value of direct interest rate investments that are issued and held by the reporting insurer.\n\nSection 2 : Direct equity holdings\n\n1.  Australian listed equity\n\nThe information required to be reported under this item is different to the information required to be disclosed for Item 4. This item is mainly collected for the purposes of the Australian Bureau of Statistics (ABS) and as such the definitions of listed equities are slightly different for ABS purposes.\n\nFor ABS purposes, report only those equities listed on an Australian stock exchange and exclude equity investments in non-Australian resident companies listed on an Australian stock exchange. Report all other equity securities held by the reporting insurer in Item 2.\n\nEquity securities are, as defined by the Australian Accounting Standards, contracts that evidence a residual interest in the assets of an entity after deducting all its liabilities. This includes equity securities lent or sold by the entity under repurchase agreements, where the transaction does not result in the transfer of the rights of ownership of the securities away from the entity to another party.\n\n1.1. Banks and ADIs\n\nRefer to the definition of Item 2.3 in Section 1.\n\n1.2. General insurance corporations\n\nRefer to the definition of Item 2.4 in Section 1.\n\n1.3. Private trading corporations\n\nRefer to the definition of Item 2.6 in Section 1.\n\n1.4. Registered Financial Corporations\n\nRefer to the definition of Item 2.7 in Section 1.\n\n1.5. Australian Commonwealth Government corporations\n\nRefer to the definition of Item 2.8 in Section 1.\n\n1.6. Other\n\nThis is automatically calculated as Item 1.7 less the sum of Items 1.1 to 1.5.\n\nOther equity\n\nThe information required to be reported under this item is different to the information required to be disclosed for Item 4. This item is mainly collected for the purposes of the Australian Bureau of Statistics (ABS) and as such the definitions of listed equities are slightly different for ABS purposes.\n\n2.1. Banks and ADIs\n\nRefer to the definition of Item 2.3 in Section 1.\n\n2.2. General insurance corporations\n\nRefer to the definition of Item 2.4 in Section 1.\n\n2.3. Private trading corporations\n\nRefer to the definition of Item 2.6 in Section 1.\n\n2.4. Registered Financial Corporations\n\nRefer to the definition of Item 2.7 in Section 1.\n\n2.5. Australian Commonwealth Government corporations\n\nRefer to the definition of Item 2.8 in Section 1.\n\n2.6. Other\n\nThis is automatically calculated as Item 2.7 less the sum of Items 2.1 to 2.5.\n\n2.7. Total other equity\n\nReport all other equity securities held by the reporting insurer other than those equities listed on an Australian stock exchange.\n\nTotal equity securities\n\nThis is automatically calculated by the form.\n\nTotal direct holdings\n\nThis is the value, as at the relevant date, of equity securities and of subordinated debt securities.\n\nIt is automatically calculated as the sum of Items 4.1 to 4.4 in Section 2.\n\nListed subordinated debt\n\nThis is the value, at the relevant date, of debt securities classified as subordinated and which are listed on a recognised exchange.\n\nUnlisted subordinated debt\n\nThis is the value, at the relevant date, of debt securities classified as subordinated and which are not listed on a recognised exchange.\n\nListed equities - Direct holdings\n\nThis is the value of equity securities, as at the relevant date, held directly by the reporting insurer that are listed on a recognised stock exchange.\n\nUnlisted equities - Direct holdings\n\nThis is the value of equity securities, as at the relevant date, held directly by the reporting insurer that are not listed on a recognised stock exchange.\n\nOf which: denominated in a currency other than the Australian currency\n\nThis is the value of direct equity securities, listed and unlisted, that are denominated in a currency other than the Australian currency.\n\nOf which: holdings in own equity securities\n\nThis is the value of direct equity securities, listed and unlisted, that are issued and held by the reporting insurer.\n\nTotal direct equity investments of Licensed Insurer which represent exposure to the following sectors\n\nCategorise the direct equity investments of the reporting insurer into the 11 global sector indices as per the Global Industry Classification Standard (GICS), and the currencies (as represented by their current ISO 4217 codes) listed in the table. A mapping of the ASX industry sectors to the GICS sectors is provided below.\n\nThis item is not applicable to Category C insurers.\n\nEnergy\n\nEnergy equipment and services; oil & gas.\n\nMaterials\n\nChemicals; construction materials; containers & packaging; metals & mining; paper & forest products.\n\nIndustrials\n\nAerospace & defence; building products; construction & engineering; electrical equipment; industrial conglomerates; machinery; trading companies & distributors; commercial services & supplies; transportation.\n\nConsumer Discretionary\n\nAutomobiles & components; consumer durables & apparel; hotels; restaurants & leisure; media; retailing.\n\nConsumer Staples\n\nFood & drug retailing; food beverage & tobacco; household & personal products.\n\nHealth Care\n\nHealth care equipment & services; pharmaceuticals & biotechnology.\n\nFinancials Excluding Property Trusts\n\nFinancials include: banks; diversified financials; insurance; and real estate.\n\nInformation Technology\n\nSoftware & services; technology hardware & equipment.\n\nTelecommunication Services\n\nDiversified telecommunication services; wireless telecommunication services.\n\nUtilities\n\nElectric utilities; gas utilities; multi-utilities; water utilities.\n\nProperty Trusts\n\nInvestments in real estate via a trust structure.\n\nTotal exposure to all sectors\n\nThis is automatically calculated as the sum of the 11 GICS sectors, and each currency..\n\nSection 3: Direct property holdings\n\n1.  Total direct property investments\n\nProperty investments denominated in a currency other than Australian currency must also be reported in this section. Property investments are those where the investments (earnings and capital value) are dependent on cashflows generated by the property through sale or rental income. Holdings in listed and unlisted property trusts are to be reported in Section 5 of this form.\n\n1.1. Office\n\nReport the value of property investments that are used as offices.\n\n1.2. Retail\n\nReport the value of property investments that are used for retail purposes, including retail shops, restaurants and shopping centres.\n\n1.3. Tourism and leisure\n\nReport the value of property investments that are used for tourism and leisure purposes (e.g. hotels, motels and lodgings, recreational and sporting facilities, hotel developments, time-share developments and other hospitality industries).\n\n1.4. Infrastructure\n\nReport the value of property investments that are classified as infrastructure (e.g. roads, bridges, power stations).\n\n1.5. Other\n\nThis is a balancing item and is the value of property investments that are not included in one of the other classifications in Items 1.1 to 1.4 in Section 3.\n\nIt is automatically calculated as Item 1.6 less the sum of Items 1.1 to 1.4.\n\n1.6. Total direct property investments\n\n1.6.1. This is the value of property held by the reporting insurer as at the relevant date, in accordance with the classification and measurement basis under Australian Accounting Standards.Of which: denominated in a currency other than the Australian currency\n\nThis is the value of direct property investments that are denominated in a currency other than the Australian currency.\n\nSection 4: Loans and advances\n\n(1) Balance outstanding\n\nReport the aggregate value of the outstanding loans provided by the reporting insurer gross of any provision for impairment.\n\n(2) Value of security\n\nReport the aggregate fair value of property or other assets that are taken as security for the loan provided by the reporting insurer.\n\n(3) Provision for impairment\n\nReport the aggregate provision for impairment applying to the particular loan portfolio / classifications listed (e.g. households).\n\nFor the purposes of the APRA forms, impairment means that there exists reasonable doubt that amounts of principal (or fair value) and any associated amounts of accrued income (e.g. interest, dividends, distributions associated with the investment / asset) will be able to be collected by the Insurer.\n\n(4) Balance outstanding net of provision for impairment\n\nThis is automatically calculated as Column 1 less Column 3 in Section 4.\n\n1.1. Households\n\nThe counterparty is an individual, or group of individuals, whose dealings with the reporting insurer are for personal or household purposes. This does not include circumstances in which the counterparty is dealing with the reporting insurer in relation to a business or enterprise, regardless of how that business or enterprise is structured.\n\n1.2. Private unincorporated businesses\n\nThe counterparty is a Private Unincorporated Business, being any enterprise issued with an Australian Business Number that is not a body corporate, as defined in the Corporations Act 2001.\n\n1.3. Private trading corporations\n\nRefer to the definition of Item 2.6 in Section 1.\n\n1.4. Other\n\nThe counterparty is any other counterparty not specifically listed in Item 1 in Section 4.\n\nIt is automatically calculated as Item 1.5 less the sum of Items 1.1 to 1.3.\n\n1.5. Total loans and advances\n\nThis is, as at the relevant date, the principal amount of loans and advances provided, including any accrued interest. Loans and advances are those financial assets categorised as ‘Loans and receivables’ in the Australian Accounting Standards other than ‘Trade receivables’ and ‘Cash’.\n\n2.1. Are contracted at fixed rates\n\nThis relates to loans and advances that have been funded at fixed interest rates, i.e. interest rates that do not fluctuate over the term, or life of the agreement.\n\nAre contracted on a variable rate basis\n\nThis relates to loans and advances that have been funded on a variable rate basis. Variable rates are interest rates that fluctuate over the term, or life, of the agreement, causing changes in either the payments or length of the loan term.\n\nAre contracted on an unsecured basis\n\nThis relates to loans and advances where assets have not been pledged to satisfy the repayment of a debt in the case of default by the borrower.\n\nRepayment is past due date 90 days or more but < 1 year\n\nThis relates to loans and advances where the following criteria are met:\n\n-   the facility is not subject to a regular repayment schedule and has remained continuously outside contractual or approved arrangements for a period of 90 days or more but less than 1 year; or\n-   the facility is subject to a regular repayment schedule and:\n    -   at least 90 calendar days but not more than 1 year has elapsed since the due date of a contractual payment that has not been met in full; and\n    -   the total amount outside contractual arrangements is equivalent to at least 90 days', but not more than 1 year's, worth of contractual payments.\n\nRepayment is past due date 1 year or more\n\nThis relates to relates to loans and advances where the following criteria are met:\n\n-   the facility is not subject to a regular repayment schedule and has remained continuously outside contractual or approved arrangements for a period of 365 days or more; or\n-   the facility is subject to a regular repayment schedule and:\n    -   at least 365 calendar days have elapsed since the due date of a contractual payment that has not been met in full; and\n    -   the total amount outside contractual arrangements is equivalent to at least 365 days' worth of contractual payments.\n\nConstitute premium funding business\n\nThis relates to loans and advances provided to an insured for the purposes of funding their premium.\n\nParent or related party not on commercial terms\n\nThis relates to loans and advances issued to the parent or a related party of the reporting insurer which have not been established on a commercial, arm's length basis. Arm's length is as per the Australian Accounting Standards.\n\nDirectors of the reporting insurer or related bodies corporate (or a director’s spouse)\n\nThis relates to loans and advances issued to a director of the reporting insurer, a director of any party related to the reporting insurer, or a spouse of these directors. Related party is determined in accordance with Australian Accounting Standards.\n\nInsurance brokers\n\nThis relates to loans and advances issued to insurance brokers.\n\nGeneral insurance companies\n\nThis relates to loans and advances issued to a General Insurer, being a body corporate that is authorised under section 12 of the Insurance Act 1973 to carry on insurance business in Australia. This may include loans and advances to subsidiaries of the reporting insurer that are licensed general insurance entities.\n\nUnsecured loans to employees (> $1,000 individually)\n\nThis relates to unsecured loans and advances issued to employees of the reporting insurer that are individually greater than $1,000.\n\nSection 5: Holdings in indirect investment vehicles\n\n1.  Total holdings in indirect investment vehicles\n\nThis is the value, as at the relevant date, of the net assets of unit trusts or managed investment schemes invested in by the reporting insurer, or mandates individually managed on behalf of the reporting insurer. Include holdings in the following: individually managed mandates; units in wholesale trusts; units in retail / public offer unit trusts; managed investment schemes; and cash management trusts.\n\nIt is automatically calculated as the sum of Items 1.1 to 1.3 in Section 5.\n\n1.1. Listed investment vehicles (excluding CMT)\n\nThe is the aggregate value of holdings that constitute investments in investment vehicles that are listed on a recognised exchange, not including holdings in cash management trusts.\n\n1.2. Unlisted investment vehicles (excluding CMT)\n\nThe is the aggregate value of holdings that constitute investments in investment vehicles that are not listed on a recognised exchange, not including holdings in cash management trusts.\n\n1.3. Cash management trusts\n\nA cash management trust is a type of collective investment that enables investors to purchase an interest in primarily short-dated securities (e.g. treasury notes and bank bills).\n\n1.4. Cash\n\nThis is the value of holdings in indirect investment vehicles where the underlying market exposure is to cash.\n\n1.5. Fixed interest\n\nThis is the value of holdings in indirect investment vehicles where the underlying market exposure is to fixed interest assets.\n\n1.6. Equities\n\nThis is the value of holdings in indirect investment vehicles where the underlying market exposure is to equities.\n\n1.7. Property\n\nThis is the value of holdings in indirect investment vehicles where the underlying market exposure is to property.\n\n1.8. Other\n\nThis is a balancing item and is the value of holdings in indirect investment vehicles where the underlying market exposure is to assets other than those classified as cash, fixed interest, equities and property.\n\n2\\. (1) Name\n\nThis is the full name of the investment vehicle in which the reporting insurer is invested as identified in the investment deed.\n\n2\\. (2) ACN/ABN\n\nWhere relevant, this column reports the Australian Company Number (ACN) of the investment vehicle. In cases where an investment vehicle doesn’t have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Body Number (ARBN), the ABN or ARBN should be reported. If an investment vehicle does not have an ACN, ABN, or ARBN the column should be left blank.\n\nInput the number without spaces.\n\n2\\. (3) Related Party\n\nDisclose where the investment vehicle is a related party by selecting 'Y' or 'N' from the drop-down box.\n\n2\\. (4) Closing Value\n\nThis is the value, as at the end of the reporting date, of the net assets of the indirect investment vehicle.\n\nSection 6: Policyholders' / Shareholders' funds\n\n(1) Policyholders' funds\n\nThis is the value of the investments of the reporting insurer that are designated as relating to policyholders' funds.\n\n(2) Shareholders' funds\n\nThis is the value of the investments of the reporting insurer that are related to shareholder's funds. These represent the remainder of funds which have not been classified by the reporting entity as being related to policyholders' funds.\n\n1.  Total direct interest rate investments\n\nRefer to instructions for Item 4 in Section 1.\n\n2. Total direct equity investments\n\nRefer to instructions for Item 3 in Section 2.\n\n3. Total direct property investments\n\nRefer to instructions for Item 1 in Section 3.\n\n4. Total net loans and advances\n\nRefer to instructions for Item 1 and Column 4 in Section 4.\n\n4.1. Balance outstanding\n\nRefer to instructions for Item 1 and Column 1 in Section 4.\n\nProvision for impairment\n\nRefer to instructions for Item 1 and Column 3 in Section 4.\n\nTotal holdings in indirect investment vehicles\n\nRefer to instructions for Item 1 in Section 5.\n\nCash\n\nRefer to instructions for Item 1.4 in Section 5.\n\nFixed interest\n\nRefer to instructions for Item 1.5 in Section 5.\n\nEquities\n\nRefer to instructions for Item 1.6 in Section 5.\n\nProperty\n\nRefer to instructions for Item 1.7 in Section 5.\n\nOther\n\nRefer to instructions for Item 1.8 in Section 5.\n\nSection 7: Investments with related parties\n\n(1) Parent entity\n\nReport the amounts in each column that are with/from the parent entity of the reporting insurer.\n\n(2) Controlled entities / Controlled entities of the parent\n\nReport the amounts in each column that are with/from a subsidiary of the reporting insurer, or another branch of the parent entity for a Category C insurer.\n\n(3) Associates\n\nReport the amounts in each column that are with/from an associate of the reporting insurer.\n\n(4) Joint ventures\n\nReport the amounts in each column that are with/from a joint venture of the reporting insurer.\n\n(5) Other related parties\n\nReport the amounts in each column that are with/from a related party of the reporting insurer that is not the parent entity, a subsidiary, an associate or a joint venture of the reporting insurer.\n\n1.  Total direct interest rate investments\n\nRefer to instructions for Item 4 in Section 1.\n\n2. Total direct equity investments\n\nRefer to instructions for Item 1.6 in Section 5.\n\n3. Total direct property investments\n\nRefer to instructions for Item 1 in Section 3.\n\n4. Total net loans and advances\n\nRefer to instructions for Item 1 and Column 4 in Section 4.\n\n4.1. Balance outstanding\n\nRefer to instructions for Item 1 and Column 1 in Section 4.\n\n4.2. Value of security\n\nRefer to instructions for Item 1 and Column 2 in Section 4.\n\n4.3. Provision for impairment\n\nRefer to instructions for Item 1 and Column 3 in Section 4.\n\n5. Total holdings in indirect investment vehicles\n\nRefer to instructions for Item 1 in Section 5.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2895},"content_quality":"ok","complexity_score":7,"scope_assessment":{"changed":false,"description":"This determination replaces the previous Reporting Standard GRS 140 (2010) with an updated version (GRS 114.4), but maintains the same fundamental scope of collecting detailed investment asset data from general insurers for prudential supervision purposes. The instrument represents a technical update and renumbering rather than an expansion of the original purpose of investment portfolio monitoring and capital adequacy assessment."},"complexity_factors":["26 pages of detailed instructions spanning 7 major reporting sections with granular sub-classifications (e.g., 11 global sector indices for equities, multiple counterparty categories)","Extensive cross-referencing to multiple legislative instruments including the Insurance Act 1973, Corporations Act 2001, Banking Act 1959, Acts Interpretation Act 1901, and prudential standards GPS 001, GPS 114, and GPS 310","Technical financial and accounting terminology requiring specialized expertise (AASB 139 recognition standards, impairment provisions, subordinated debt definitions, securitisation structures, trade date accounting)","Conditional logic with specific exclusions for Category C insurers and special treatment rules for foreign currency denominations, related party transactions, Extended Licensed Entities (ELE), and securities lending arrangements","Dual framework requirements distinguishing between APRA prudential reporting definitions and Australian Bureau of Statistics (ABS) data collection definitions for listed equities","Mandatory IT and audit protocols requiring digital signatures, specific electronic submission methods, and limited assurance engagements consistent with Auditing and Assurance Standards Board (AUASB) standards"],"plain_english_summary":"This prudential reporting standard requires all general insurers (Australian companies and foreign branches) to submit quarterly and annual electronic reports to APRA using Form GRF 114.4, disclosing detailed information on investment assets, counterparties, currency exposure and related-party holdings, with internal controls and Appointed Auditor validation.\n\nAPRA uses this information for prudential supervision and capital adequacy assessment; annual data form part of insurers’ audited statutory accounts, with transition rules for overlapping reporting periods."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-9-of-2013/documents"}}