The changes align regulatory reporting with IFRS reporting where appropriate. At the same time, the new requirements ensure that APRA continues to receive consistent and standardisd information to monitor prudential strength following the introduction of IFRSs. The new rules took effect from 31 December 2005. APRA has granted a six-week extension for filing the first reports under the new regime. Click for (PDF 67k). In an earlier news story Dated 1 December 2005, we outlined other APRA proposals relating to the adoption of IFRSs in Australia by deposit-taking institutions and general insurers. Those proposals address such issues as fair value measurement, employer sponsored defined benefit superannuation fund surpluses and deficits, and loan loss provisioning. Comments on that package are due by 16 January 2006. Link to APRA's Website.