Document ID: chunk:federal_register_of_legislation:F2023L00726:body:0:p7
Version: federal_register_of_legislation:F2023L00726
Segment Type: other
Provision Reference: 
Character Range: 16409–19453

15 and 22.  Report liabilities for remaining coverage excluding loss component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.

                          Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.

                          Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.
Columns 2, 9, 16 and 23   Report the loss component of liabilities for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.

                          Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.
Columns 3, 10, 17 and 24  Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.

                          Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.
Columns 4, 11, 18 and 25  For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period for Australian business (4), International business (11) and inter-region elimination (18). Column 25 for Total business is a derived column representing the sum of Columns 4, 11 and 18.

                          Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.
Columns 5, 12, 19 and 26  For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period for Australian business (5), International business (12) and Inter-region elimination (19). Column 26 for Total business is a derived column representing the sum of Columns 5, 12 and 19.

                          Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.
Columns 6, 13, 20 and 27  Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period for Australian business (6), International business (13) and Inter-region elimination (20). Column 27 for Total business is a derived column representing the sum of Columns 6, 13 and 20.

                          Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.

                          Based on the insurer's interpretation of AASB 17.105A, this item may not apply.
Columns 7, 14, 21