Financial Sector (Collection of Data) (reporting standard) determination No. 62 of 2008 - GRS 130.0 (2008) - Off Balance Sheet Business - Credit Substitutes Provided and Risk Charge
Objective of this reporting standardObjective of this reporting standard
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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 general insurers (insurers), including foreign general insurers (foreign insurers) operating in Australia through branch operations, to report to APRA, generally on a quarterly and annual basis, off balance sheet exposures in the form of direct credit substitutes.
This reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with:
- Form GRF 130.0 Off Balance Sheet Business – Credit Substitutes Provided and Risk Charge (Form GRF 130.0) and the associated instructions (which are attached and all form part of this reporting standard); and
- any prudential standards referenced in the attached instructions.