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Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023
Reporting basisReporting basis
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Reporting basis
Report direct classes of business only. In relation to the reporting basis:
Data underlying direct classes of business (other than lenders mortgage insurance) must be based on accident year.
Data underlying lenders mortgage insurance business must be based on underwriting year.
Notwithstanding above, if an insurer has been providing data based on a basis different to the approach outlined above, continue on that basis and notify APRA.