Financial Sector (Collection of Data) (reporting standard) determination No. 64 of 2006 - Reporting Standard GRS 120.0 (2007) Determination of Capital Base
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), other than foreign general insurers, to report to APRA, generally on a quarterly and annual basis, in relation to their Minimum Capital Requirement calculated in accordance with Prudential Standard GPS 110 Capital Adequacy.
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 Determination of Capital Base (Form GRF 120.0) and the instructions to that form (which are attached and form part of this reporting standard); and
- Prudential Standard GPS 110 Capital Adequacy.