Commonwealth Numbered Regulations

1992 No. 177 INSURANCE REGULATIONS (AMENDMENT) - REG 26

26.1 Heading: Omit the heading, substitute:
                          "SCHEDULE               Regulation 3

FORMS".
26.2 Forms 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 and 13: Omit the Forms,
substitute:
SCHEDULE
FORM 1
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 1 Applicable accounting standards
1. This form is to be completed in accordance with accounting standard AASB
1023 and other applicable accounting standards, other than accounting standard
AASB 1024. Insurers incorporated outside Australia
2. An insurer that is not incorporated in Australia must not make an entry in
the second column to the right of the ADP codes.
FORM 2
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 2 Applicable accounting standards
1. This form is to be completed in accordance with accounting standard AASB
1023 and other applicable accounting standards, other than accounting standard
AASB 1024. Insurers incorporated outside Australia
2. An insurer that is not incorporated in Australia:

   (a)  must not make an entry in the second column to the right of ADP codes
        1 to 13; and

   (b)  must not make an entry in the first column to the right of ADP codes
        14, 16, 17, 19, and 20; and

   (c)  must make an entry in the first column to the right of ADP codes 15
        and 18 in respect of movements of funds into and out of Australia that
        are not reported elsewhere in this form. Details of certain business
3. Attach to this form a statement of details of the nature of each business
that relates to the amounts entered in respect of ADP code 5. Other relevant
accounting standards in relation to certain other matters
4. Attach to this form details in accordance with accounting standard AASB
1018 in relation to each matter in respect of ADP codes 7, 11, 15, 18 and 19.
Requirements of clause 10 of Schedule 5 to the Corporations Regulations
5. Attach to this form details in accordance with clause 10 of Schedule 5 to
the Corporations Regulations in relation to matters in respect of ADP codes 9
and 12.
FORM 3
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 3 Applicable accounting standards
1. This form is to be completed in accordance with accounting standard AASB
1023 and other applicable accounting standards, other than accounting standard
AASB 1024. Insurers incorporated outside Australia
2. An insurer that is not incorporated in Australia must not make an entry in
the second column to the right of ADP codes 1 to 35. Requirements of subclause
15(1) of Schedule 5 to the Corporations Regulations
3. An insurer that is incorporated in Australia must attach to this form
details in accordance with subclause 15(1) of Schedule 5 to the Corporations
Regulations in relation to matters in respect of ADP codes 36, 37 and 38.
Requirements of clause 16 of Schedule 5 to the Corporations Regulations
4. An insurer that is incorporated in Australia must attach to this form
details in accordance with clause 16 of Schedule 5 to the Corporations
Regulations in respect of ADP codes 40, 41, 42, 43 and 44.
FORM 4
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 4 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make entries in
the fourth, fifth and sixth columns to the right of the ADP codes in Part A.
Only certain amounts to be entered in Part A
2. In completing Part A, the only amounts to be entered are those that are
considered recoverable under rights of subrogation in respect of which the
judgment of a court or an arbitral award has been obtained in favour of the
insurer, or in respect of which the liable person or a person acting on behalf
of that person, has agreed in writing to pay the amount due. Matter followed
by an asterisk
3. In respect of items in Part A marked with the symbol '*', details of a
matter are to be entered at item (vi) in Part B. Matter followed by 2
asterisks
4. In respect of items in Part A marked with the symbol '**', details of a
matter are to be entered at item (vii) in Part B. Matter followed by the
symbol +
5. In respect of items in Part A marked with the symbol '+', details of a
matter are to be entered at item (x) or (xi) in Part B. Life insurance
statutory funds
6. The assets and liabilities of life insurance statutory funds must not be
entered in this form.
FORM 5
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 5 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make entries in:

   (a)  Parts A and B in respect of insurance business outside Australia; and

   (b)  the second column to the right of ADP codes in Part D. Portfolio
        transfers
2. Attach to this form details of all portfolio transfers made to, or by, the
insurer during the period to which this form relates. Details of the
calculation of certain amounts
3. Attach to this form details of the basis on which the amounts entered in
the ninth column to the right of ADP codes in Part B were calculated.
Reinsurers not to complete Part C
4. Reinsurers must not complete Part C.
FORM 6
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 6 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make entries in
Part A or B in respect of insurance business outside Australia. Portfolio
transfers
2. Attach to this form details of all portfolio transfers made to, or by, the
insurer during the period to which the form relates.
FORM 7
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 7 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make entries in
Part A or B in respect of insurance business outside Australia. Portfolio
transfers
2. Attach to this form details of all portfolio transfers made to, or by, the
insurer during the period to which the form relates. Reinsurers not to
complete Part C
3. Reinsurers must not complete Part C.
FORM 8
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 8 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make entries in
this form in respect of insurance business outside Australia. Method of
apportionment
2. Attach to this form details of the method by which the amount entered in
the seventh column to the right of ADP code 22 was apportioned between the
classes of insurance business specified in the column to the left of the ADP
codes.
FORM 9
FORM OMITTED
DIRECTION FOR COMPLETING FORM 9 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make an entry in
this form in respect of general expenses incurred outside Australia.
FORM 10
FORM OMITTED
DIRECTION FOR COMPLETING FORM 10 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make an entry in
Part A or B in respect of insurance business outside Australia.
FORM 11
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 11 Interpretation
1. For the purposes of clause 2, the following classes of insurance business
are nominated:

   (a)  compulsory third party motor vehicle insurance;

   (b)  commercial motor vehicle insurance;

   (c)  domestic motor vehicle insurance;

   (d)  professional indemnity insurance;

   (e)  product liability insurance;

   (f)  public liability insurance;

   (g)  employers' liability insurance;

   (h)  trade credit insurance. Parts A and B to be completed in respect of
        certain insurance business
2. Parts A and B must be completed by:

   (a)  an insurer:

        (i)    of a class of insurance business nominated in paragraph 1(a) or
               (g) in respect of each State or Territory where the insurer
               carries on that class of business; and

        (ii)   of any other class of insurance business nominated in clause 1
               in respect of that class of business carried on by the insurer
               in Australia; and

   (b)  an insurer incorporated in Australia in respect of each nominated
        class of insurance business in respect of that class of business
        carried on by the insurer outside Australia. Certain insurance
        business to be entered in form
3. This form must be completed in respect of direct insurance business and
inward facultative reinsurance business, other than inward treaty reinsurance
business.
FORM 12
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 12 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make an entry in
this form in respect of reinsurance arrangements relating only to business
outside Australia. Matters to be included in attachments
2. Attach to this form details in respect of all clauses specified in the
eleventh column in Part B. Method of apportionment
3. Attach details of the method used for apportioning premiums between risks
inside and outside Australia in respect of each 'yes' entry in the thirteenth
column in Part B of this statement. Further matters to be included in
attachments
4. Attach to this form details in respect of all clauses specified in the
eleventh column in Part C.
FORM 13
FORM OMITTED
DIRECTION FOR COMPLETING FORM 13 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make an entry in
this form in respect of reinsurance arrangements relating only to business
outside Australia.
26.3 Forms 15 and 16: Omit the Forms, substitute:
FORM 15
FORM OMITTED
DIRECTION FOR COMPLETING FORM 15 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must not make an entry in
this form in respect of insurance business outside Australia.
FORM 16
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 16 Insurers incorporated outside Australia
1. An insurer that is not incorporated in Australia must:

   (a)  not make an entry in the fourth, fifth or sixth column to the right of
        the ADP codes in Part A; and

   (b)  not make an entry in the second column to the right of ADP codes in
        Part B; and

   (c)  not make an entry in respect of ADP codes 15, 16 and 18 in Part B; and

   (d)  make an entry in the first column to the right of ADP code 17 in Part
        B in respect of the movement of funds into and out of Australia that
        are not reported elsewhere in this form. Only certain amounts to be
        entered in Part A
2. In completing Part A, the only amounts to be entered are those that are
considered recoverable under rights of subrogation in respect of which the
judgment of a court or an arbitral award has been obtained in favour of the
insurer, or in respect of which the liable person or a person acting on behalf
of that person, has agreed in writing to pay the amount due. Matter followed
by an asterisk
3. In respect of items in Part A marked with the symbol '*', details of a
matter are to be entered at item (vi) in Part D. Matter followed by 2
asterisks
4. In respect of items in Part A marked with the symbol '**', details of a
matter are to be entered at item (vii) in Part D. Matter followed by the
symbol +
5. In respect of items in Part A marked with the symbol '+', details of a
matter are to be entered at item (x) or (xi) in Part D. Certain matters to be
included in attachments
6. Attach to this form in respect of ADP code 12 in Part B:

   (a)  a statement of the details of business other than general insurance
        business carried on by the insurer; and

   (b)  the amounts of profit or loss from Abnormal and Extraordinary items.
        Certain other matters to be included in attachments
7. Attach to this form a statement of details in respect of ADP codes 15, 17,
and 18 in Part B. Life insurance statutory funds
8. The assets and liabilities of life insurance statutory funds must not be
entered in this form.
26.4 Add at the end:
FORM 18
FORM OMITTED
DIRECTION FOR COMPLETING FORM 18 Insurers not incorporated in Australia
1. An insurer that is not incorporated in Australia must not make an entry in
this form in respect of investment revenue outside Australia.
FORM 19
FORM OMITTED
DIRECTIONS FOR COMPLETING FORM 19 Insurers not incorporated in Australia
1. An insurer that is not incorporated in Australia must not make an entry in
Part A or B in respect of insurance business outside Australia. Interpretation
2. For the purposes of clause 3, the following classes of insurance business
are nominated:

   (a)  compulsory third party motor vehicle insurance;

   (b)  commercial motor vehicle insurance;

   (c)  domestic motor vehicle insurance;

   (d)  professional indemnity insurance;

   (e)  product liability insurance;

   (f)  public liability insurance;

   (g)  employers' liability insurance;

   (h)  trade credit insurance. Part A to be completed in respect of certain
        insurance business
3. (1) Part A must be completed in respect of each nominated class of
insurance business carried on by the insurer.

(2) Part A must be completed in respect of direct insurance business and
inward facultative reinsurance business, other than inward treaty reinsurance
business. Part B to be completed in respect of certain insurance business
4. (1) Part B must be completed in respect of each class of insurance business
carried on by the insurer, other than a nominated class of insurance business
for which an entry has been made in Part A.

(2) Part B must be completed in respect of all inward treaty reinsurance
business.