Reporting periods and due datesReporting periods and due dates

Reporting periods and due dates

7. Subject to paragraph 8, a friendly society must provide the information required by this Reporting Standard:

(a) in respect of each quarter based on the financial year of the friendly society on an unaudited basis; and

(b) in respect of each financial year of the friendly society on an unaudited basis.

Note 1: This means that this information provided under this Reporting Standard will be submitted five times for a full financial year.

8. If, having regard to the particular circumstances of a friendly society, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 7(a) or 7(b), APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular friendly society.

9. The information required by this Reporting Standard in respect of a friendly society must be provided to APRA:

(a) in the case of quarterly information, within 20 business days after the end of the reporting period to which the information relates;

(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or

(c) in the case of information provided in accordance with paragraph 8, within the time specified by notice in writing.

10. APRA may, in writing, grant a friendly society an extension of a due date, in which case the new due date will be the date on the notice of extension.

Note: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, a friendly society is nonetheless required to submit the information required no later than the due date.