Document ID: chunk:federal_register_of_legislation:F2023L00015:reg:16
Version: federal_register_of_legislation:F2023L00015
Segment Type: reg
Provision Reference: reg 16
Character Range: 30126–30851

16                    Paragraphs 6A and 6B are added.

          6A When a government department administers the activities of a captive insurer, the government department may elect to apply either AASB 17 Insurance Contracts or AASB 137 Provisions, Contingent Liabilities and Contingent Assets in determining the information to be disclosed about the administered captive insurer activities.

          6B For the purposes of paragraph 6A, a captive insurer is a public sector entity that conducts activities which, on a stand-alone basis, fall within the scope of AASB 17 and whose policyholders are part of the same whole of government as the entity.

Reversal of temporary consequential amendments set out in AASB 2022‑8