Corporations Amendment Regulations 2009 (No. 11) (387 of 2009)

Schedule 1   Amendments

[3]   Schedule 2, after Form 553

insert

Form 701

Data on intermediated business with APRA-authorised general insurers, Lloyd's underwriters and unauthorised foreign insurers

TABLE 1: Aggregate data on intermediated business with APRA-authorised general insurers, Lloyd's underwriters and unauthorised foreign insurers

General insurer is defined in subsection 3 (1) of the Insurance Act 1973.

Lloyd's underwriter is defined in subsection 3 (1) of the Insurance Act 1973.

Unauthorised foreign insurer is defined in regulation 4 of the Insurance Regulations 2002.

table 2: Transaction level data on intermediated business placed directly, or indirectly through a foreign intermediary, with unauthorised foreign insurers

Note It is an offence under section 137.1 of the Criminal Code Act 1995 to provide false or misleading information to a Commonwealth entity. The Australian Prudential Regulation Authority is a Commonwealth entity.

Lodgement requirements

If information is to be lodged in Table 1 only, the licensee may lodge the information electronically or in writing.

If information is to be lodged in both Table 1 and Table 2, the licensee must lodge the information electronically. If the licensee is unable to lodge the information electronically, the licensee must arrange an alternative method of lodgement with APRA.

Requirements for forms lodged electronically

A licensee must lodge a form electronically via the licensees portal provided by APRA. A licensee must undertake the steps required by APRA to become authorised to use the portal.

A document accompanying a form may only be lodged electronically if APRA has approved, in writing, the electronic lodgement of documents of that kind. If APRA has not approved the electronic lodgement of a document, the document may be lodged in writing.

APRA may approve the electronic lodgement of:

(a) a particular kind of document; or

(b) documents in a particular class of documents.

A document is taken to be lodged with APRA electronically if it is lodged in accordance with APRA's approval, including any requirements of the approval as to authentication.

Requirements for forms lodged in writing

If a form is lodged in writing, the form must be signed in accordance with the requirements of section 912CA of the Corporations Act 2001, as modified by regulation 7.6.08C of the Corporations Regulations 2001.

Licensees lodging by mail or in person must lodge with APRA:

(a) the signed, original form; and

(b) any information, statements, explanations or other matters required by the form; and

(c) any other material required by the form.

Licensees lodging by email must lodge with APRA:

(a) the signed form in PDF (portable document format); and

(b) any information, statements, explanations or other matters required by the form; and

(c) any other material required by the form.

Licensees lodging by email must retain signed original copies of the forms and attachments for a period of 7 years.

A form, or document, lodged with APRA in writing by, or on behalf of, an entity in an item of the following table, must be signed by the person specified in the item.

Note A body includes a body corporate or an unincorporated body, for example, a society or association - see the definition of body in section 9 of the Act.

The following table must be completed. In the table, the person's name must be printed next to the person's signature.