APRA releases consultation on further changes to private health insurance reforms data collection
The Australian Prudential Regulation Authority (APRA) has released a consultation on updates to Reporting Standard HRS 605.0 Private Health Insurance Reform Data Collection, proposing further changes after receiving feedback from industry.
The consultation letter and updated reporting standard are available on the APRA website at: Consultation on further changes to PHI reforms data collection.
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.