Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2011 - GRS 110.0_G (2011) - Minimum Capital Requirement (Level 2 Insurance Group)
Objective of this reporting standardObjective of this reporting standard
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 3 of 2011 - GRS 110.0_G (2011) - Minimum Capital Requirement (Level 2 Insurance Group).
Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires the parent entity of a Level 2 insurance group to report to APRA, generally on a semi-annual and annual basis, in relation to the Minimum Capital Requirement of the Level 2 insurance group.
This reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with:
- Form GRF 110.0_G Minimum Capital Requirement (Form GRF 110.0_G) and the associated instructions (which are attached and all form part of this reporting standard); and
- any prudential standards referenced in the attached instructions.