CTHRepealedLegislation
Insurance (prudential standard) determination No. 3 of 2019
Annual Internal Model ReportAnnual Internal Model Report
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Annual Internal Model Report
- A regulated institution with approval to use the IMB Method must provide an ‘Internal Model Report’ to APRA annually (or more or less frequently as specified by APRA). An annual Internal Model Report must be submitted to APRA on or before the date that the Actuarial Valuation Report is due to be submitted to APRA in accordance with Prudential Standard CPS 320 Actuarial and Related Matters. Where an Internal Model Report is required at an interval other that a 12 monthly interval, the Internal Model Report must be submitted within the timeframe specified by APRA. The scope of the Internal Model Report must be agreed between the regulated institution and APRA prior to its preparation.