Attachment DAttachment D

Attachment D

Financial Information Declaration

1. A regulated institution must provide to APRA a declaration on financial information (Financial Information Declaration) signed by:

(a) the chief executive officer (CEO) (by whatever name called, or for a Category C insurer, the local equivalent); and

(b) the chief financial officer (CFO) (by whatever name called, or for a Category C insurer, the local equivalent).

This declaration is set out in paragraph 2 of this Attachment. Where the CEO and the CFO are the same person, the Financial Information Declaration must be signed by that person and another person to be agreed upon with APRA.

2. The CEO and the CFO must (by the time provided for in paragraph 3 of this Attachment) provide APRA with a Financial Information Declaration, signed by both of them,[33] stating that for the last financial year, to the best of their knowledge and belief having made appropriate enquiries:

(a) the financial information that the regulated institution has lodged with APRA has been prepared in accordance with the Act, Regulations, prudential standards, the Collection of Data Act, accounting standards and other mandatory professional reporting requirements in Australia, to the extent that the accounting standards and professional reporting requirements do not contain any requirements contrary to the aforementioned legislative and prudential requirements;

(b) the information provided to the auditor and Appointed Actuary for the purpose of enabling them to undertake their roles and responsibilities is accurate and complete, consistent with the accounting records of the regulated institution, and a true representation of the transactions for the year and the financial position of the regulated institution;[34] and

(c) the financial information lodged with APRA is accurate and complete, consistent with the accounting records of the regulated institution, and represents a true and fair view of the transactions for the year and the financial position of the regulated institution.

3. The Financial Information Declaration must be submitted to APRA on, or before, the day that the insurer’s yearly statutory accounts or Level 2 insurance group’s annual accounts (as appropriate) are required to be submitted to APRA in accordance with reporting standards made under the Collection of Data Act.

   4. If the CEO or CFO qualifies the Financial Information Declaration, the qualified Declaration must include a description of the cause and circumstances of the qualification, and steps taken, or proposed to be taken, to remedy the problem.