Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p29
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 119224–122311

payable balance would be included in AASB 17 liabilities.
Item A2.9   Report reinsurance premiums paid - impact on EFCF (non-PRP portion).

            This is reinsurance premiums paid relating to reinsurance held in respect of participating business.

            Report gross of tax deduction on reinsurance premiums. Tax deduction on reinsurance premiums is reported in A2.13.

            AASB 17 liabilities decrease if cash is paid. Note that a payable balance would be included in AASB 17 liabilities.
Item A2.10  Report reinsurance recoveries received - impact on EFCF (non-PRP portion).

            This is reinsurance recoveries received relating to reinsurance held in respect of participating business.

            AASB 17 liabilities increase if cash is received. Note that a receivable balance would be netted against the liability component.
Item A2.11  Report other cash outflow related to reinsurance - impact on EFCF (non-PRP portion).

            This is any other cash outflows relating to reinsurance held in respect of participating business.

            AASB 17 liabilities decrease if cash is paid. Note that a payable balance would be included in AASB 17 liabilities.
Item A2.12  Report other cash inflow related to reinsurance - impact on EFCF (non-PRP portion).

            This is any other cash inflows relating to reinsurance held in respect of participating business.

            AASB 17 liabilities increase if cash is received. Note that a receivable balance would be netted against the liability component.
Item A2.13  Report current and deferred tax expense – impact on EFCF (non-PRP portion).

            This is current and deferred tax expense relating to participating business (e.g. tax on premium income and tax relief on expenses). This excludes:

                * tax that is reflected in the discount rate (i.e. tax that is related to investment earnings and FUM expenses - reported in A3.3); and
                * tax that fall outside EFCF (non-PRP portion), RA and CSM (reported in A4.4).
            Report SCT (e.g. paid due to surrenders) paid under this item.

            AASB 17 liabilities decrease if a tax payable / deferred tax balance is recognised or cash is paid directly without recognising a tax payable balance.
Item A2.14  Report other cash inflows – impact on EFCF (non-PRP portion).

            This is any other cash inflows relating to participating business.

            AASB 17 liabilities increase if cash is received. Note that a receivable balance would be netted against the liability component.
Item A2.15  Report other cash outflows – impact on EFCF (non-PRP portion).

            This is any other cash outflows relating to participating business.

            AASB 17 liabilities decrease if cash is paid. Note that a payable balance would be included in AASB 17 liabilities.

3. Impact of investment, FUM expenses and tax on AASB 17 liabilities

Item A3.1  Report insurance finance income / expense and effects of movements in FX – impact on EFCF (non-PRP portion), RA and CSM.

           This