Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2011 - GRS 210.1_G (2011) - Premiums Liabilities - Insurance Risk Charge (Level 2 Insurance Group)
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 6 of 2011 - GRS 210.1_G (2011) - Premiums Liabilities - Insurance Risk Charge (Level 2 Insurance Group).
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- The parent entity of a Level 2 insurance group must provide APRA with the following information in respect of the Level 2 insurance group for each reporting period specified in paragraph 5:
(a) The information required by Form GRF 210.1A_G; or
(b) The information required by Form GRF 210.1B_G if APRA has granted the parent entity approval to report on an ‘Australia by region’ rather than ‘Australia by class of business’ basis. The parent entity of a Level 2 insurance group may apply in writing to APRA for such an approval.
Note: the instructions to each of the above forms and the forms themselves comprise a part of this reporting standard.