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Life insurance and friendly societies standards and guidance

The following provides prudential and reporting standards, practice guides and other guidance.


Prudential Standards
Reporting Standards
LRS 115.0 Insurance Risk Charge (applies to forms LRF 115.0 - SF & LRF 115.1 - GF)
LRS 340.0 Retained Profits (applies to forms  LRF 340.1 - SF and SF Eliminations & LRF 340.2  - SF Total, GF, GF Elim, Entity)

Risk management

Prudential Standards
CPS 220 Risk Management (effective until 1 July 2019)
CPS 220 Risk Management (effective from 1 July 2019)
CPS 234 Information Security (effective 1 July 2019)
  Information security incident notification
  Material information security control weakness notification

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.