Financial Sector (Collection of Data) (reporting standard) determination No. 83 of 2008 - GRS 320.0 (2008) - Reconciliation of Annual Disclosure
PurposePurpose
Start here
Get a plain-English read of Purpose
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 83 of 2008 - GRS 320.0 (2008) - Reconciliation of Annual Disclosure.
Purpose
- Data collected in Form GRF 320.0 is used by APRA to reconcile:
(a) the financial disclosure of insurers in audited reports published to members under section 314 of the Corporations Act 2001; to
(b) the financial disclosures reported to APRA in accordance with the requirements of other reporting standards made under the Collection of Data Act; and
(c) to indicate the extent and materiality of any differences between the disclosures made in subparagraphs 1(a) and (b) above.