Financial Sector (Collection of Data) determination No. 36 of 2005

National Claims and Policies Database reporting standards determined in 2004

Financial Sector (Collection of Data) Act 2001

I, Charles Watts Littrell, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (‘the Act’) and subsection 33(3) of the Acts Interpretation Act 1901 REVOKE the reporting standards set out in the Schedule, which have applied to general insurers and Lloyd’s as defined in the Insurance Act 1973.

Under section 15 of the Act, I DECLARE that a reporting standard set out in the Schedule shall cease to apply to general insurers or Lloyd’s (as the case may be) on the day that its corresponding reporting standard begins to apply (without prejudice to any accrued obligation that may have arisen in respect of a reporting period ending before 30 June 2005).

Dated 21 June 2005

[signed]

……………………............

Charles Littrell

Executive General Manager

Policy, Research and Statistics Division

APRA

Interpretation

In this Notice

APRA means the Australian Prudential Regulation Authority.

corresponding reporting standard, in relation to a reporting standard mentioned in the Schedule, means the reporting standard made on the date of this determination that has the same series number as the reporting standard mentioned in the Schedule (e.g. reporting standard GRS 800.1 (2005) is the corresponding reporting standard in relation to reporting standard GRS 800.1).  

Schedule

Reporting standards applying to general insurers

The following reporting standards made under Financial Sector (Collection of Data) Determination No. 3 of 2004 – Reporting Standards for General Insurers:               

• Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance
• Reporting Standard GRS 800.2 Claims Data: Public and Product Liability and Professional Indemnity Insurance
• Reporting Standard GRS 800.3 Facility Business Data: Public and Product Liability and Professional Indemnity Insurance

Reporting standards applying to Lloyd’s

The following reporting standards made under Financial Sector (Collection of Data) Determination No. 4 of 2004 – Reporting Standards for Lloyd’s Underwriters:  

• Reporting Standard LOLRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance
• Reporting Standard LOLRS 800.2 Claims Data: Public and Product Liability and Professional Indemnity Insurance
• Reporting Standard LOLRS 800.3 Facility Business Data: Public and Product Liability and Professional Indemnity Insurance