The Australian Prudential Regulation Authority (APRA) has released a set of prudential standards in final form, a set of draft prudential standards and a response paper as part of its review of capital standards for general and life insurers.

APRA expects to release draft reporting forms and instructions in June 2012. The remaining final prudential standards and draft prudential practice guides are expected to be released by October 2012. The final reporting forms and instructions are expected to be released in October 2012. The revised capital framework will take effect from 1 January 2013, with reporting commencing from the first quarter in 2013.