The Australian Prudential Regulation Authority (APRA) wants discretionary mutual funds to continue submitting financial data, including insurance costs, for the 2011 financial year.

The Federal Government is still deciding whether to collect data from these bodies, and no final decision is expected to be made before the second half of this year.

APRA has collected data on these funds from 2008 to 2010 and figures for the last financial year have to be submitted by April 30.

To ensure there are no gaps in data before the Government’s decision on collections, funds will be required to submit returns for the 2012 financial year as well.