Financial Sector (Collection of Data) (reporting standard) determination No. 85 of 2006 - Reporting Standard GRS 320.0 (2007) Reconciliation of Annual Disclosure
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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.