Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p31
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 124713–127672

AASB 17 SRPP and AASB 17 SRP (overseas par).

           EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) decrease if a payable balance is recognised or cash is paid directly without recognising a payable balance.
Item A4.3  Report non-directly attributable expenses – impact on EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

           This is non-directly attributable expenses incurred in relation to participating business (e.g. one-off expenses), allocated to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

           EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) decrease if a payable balance is recognised or cash is paid directly without recognising a payable balance.
Item A4.4  Report current and deferred tax expense due to A4.1, A4.2 and A4.3 – impact on EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

           This is current and deferred tax expense due to A4.1, A4.2 and A4.3 (i.e. investment earnings, expenses) that is allocated to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

           EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) decrease if a tax payable / deferred tax liability balance is recognised or cash is paid directly without recognising a tax payable balance.

5. Impact of experience adjustments

Item A5.1  Report experience adjustments.

           This is the (decrease) / increase in EFCF (non-PRP portion) and RA corresponding to favourable / unfavourable experience adjustments . If the experience adjustments impact CSM, show the corresponding increase / (decrease) in CSM in the relevant column(s).

           This item includes tax-related experience adjustments (i.e. tax expense being better or worse than expected).

           Favourable experience adjustments decrease EFCF (non-PRP portion) and RA. Where the experience adjustments impact CSM, favourable experience increases CSM.
Item A5.2  Report allocation to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) due to A5.1.

           This is the experience adjustment amount allocated to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) due to A5.1. This item is only relevant if the experience adjustments do not adjust CSM. Otherwise, report nil.

           Favourable experience adjustments and adjustments that reduce LIC increase EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) only if they do not adjust CSM.

6. Impact of assumption changes including losses from onerous contracts

Item A6.1  Report changes in estimates that adjust CSM.

           Show the increase / (decrease) in CSM corresponding to assumption changes that adjust CSM. Also show the corresponding (decrease) / increase in EFCF (non-PRP portion) and RA from the assumption changes.
Item A6.2  Report changes in estimates that do not adjust CSM and adjustments to LIC.

           Show the increase