Objective of this reporting standardObjective of this reporting standard

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 premiums liabilities 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 210.1A_G Premiums Liabilities – Insurance Risk Charge – Australia by class of business (Form GRF 210.1A_G) (if paragraph 3(a) applies to the parent entity) and the associated instructions to that form; and
• Form GRF 210.1B_G Premiums Liabilities – Insurance Risk Charge – Australia by region (Form GRF 210.1B_G) (if paragraph 3(b) applies to the parent entity) and the associated instructions to that form; and
• any prudential standards referenced in the attached instructions.