Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2011 - GRS 120.0_G (2011) - Determination of Capital Base (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. 4 of 2011 - GRS 120.0_G (2011) - Determination of Capital Base (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 capital base 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 120.0_G Determination of Capital Base (Form GRF 120.0_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.