539 definitions found.
GS 002
Definition
9(f)
Prudential requirements include requirements under the: SIS Act; SIS Regulations prudential standards (and Prudential Practice Guides(SPG)); reporting standards; FSCOD Act; license conditions, authorisations, superannuation data and payment standards; and …
GS 002
Definition
9(g)
Reasonable assurance engagement means an assurance engagement in which the RSE auditor reduces engagement risk to an acceptably low level in the circumstances of the engagement as the basis for the RSE auditor’s conclusion. The RSE auditor’s conclusion is …
GS 002
Definition
9(h)
RSE under section 10(1) of the SIS Act means: a regulated superannuation fund; or an approved deposit fund; or a pooled superannuation trust; but does not include a self-managed superannuation …
GS 002
Definition
9(i)
Reliability under the Australian Accounting Standards Board’s Framework for the Preparation and Presentation of Financial Statements means information has the quality of reliability “… when it is free from material error and bias and can be depended upon …
GS 004
Definition
9
For the purposes of this Guidance Statement, the following items have the meanings attributed below: …
GS 004
Definition
9(a)
Annual Accounts of an insurance group , refers to accounts constituting reporting documents required to be prepared by the parent entity of the group in compliance with reporting standards made under the Financial Sector (Collection of data) Act 2001 …
GS 004
Definition
9(b)
Appointed Auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act 1973 (the Act). …
GS 004
Definition
9(c)
General insurer means, under section 11 of the Insurance Act 1973 (the Act) as amended, a body corporate that is authorised in writing by APRA, under section 12 of the Act, to carry on general insurance business in Australia. The term ‘general insurer …
GS 004
Definition
9(d)
Group Auditor of a Level 2 insurance group, under GPS 310 must be one of the following persons: the Appointed Auditor of the parent entity where the parent entity is an insurer; the Appointed Auditor of an APRA authorised insurer within the group; or a …
GS 004
Definition
9(e)
Level 2 insurance group (insurance group), under Prudential Standard GPS 001 Definitions [3] is: where there is no authorised NOHC and an insurer has controlled entities, the consolidation of the insurer and its controlled entities; or where there is an …