Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021
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Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2021.
RSE licensees must provide information required by this Reporting Standard under SRF 550.0, SRF 550.1 and SRF 550.2 for reporting period endings on or after 30 June 2022.
An RSE licensee to which this Reporting Standard applies must provide information required under paragraphs 14, within 28 calendar days after the end of relevant reporting period.
Notices
If, having regard to the particular circumstances of an RSE, defined benefit RSE, PST or ERF, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by paragraph 5, APRA may, by notice in writing, change the reporting periods for the particular RSE, defined benefit RSE, PST or ERF.
Where APRA has changed the reporting periods under paragraph 16, the RSE licensee must provide the relevant information within the time specified by the notice in writing.
APRA may grant, in writing, an RSE licensee an extension of a due date with respect to one or more RSEs, defined benefit RSEs, PSTs or ERFs within its business operations, in which case the new due date for the provision of the information will be the due date specified 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, an RSE licensee is nonetheless required to submit the information required no later than the due date.