Document ID: chunk:federal_register_of_legislation:F2023L00604:reg:14
Version: federal_register_of_legislation:F2023L00604
Segment Type: reg
Provision Reference: reg 14
Character Range: 101543–103375

14  Actual Net Initial Commissions Paid             Whole dollars                                                           Report actual net initial commissions paid amount.

                                                                                                                            This item only applies when insurance business is:

                                                                                                                                * New business.

Table 13: Expected Annual Loss Ratio Components – All Benefits – In-force Business

Reporting basis

This section relates to:

    * life companies including friendly societies (approved benefit funds, which write defined benefit risk products (i.e. APRA product group F4));
    * all benefits (but report by each of the listed insurance benefit types); and
    * in-force business only.

Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.

Report expected annual loss ratio components.

Report this table on an annual basis only.

Report this item for the year up to the close of business on the last day of the reporting period.

For death, TPD and trauma related data items, insurers may apply allocations to report the items.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

Report all items (including premium related numbers) as positive numbers unless otherwise stated.

Report all items after adjusting for time value of money to reflect the value as at reporting date given that the expected items would have been determined at the end of the previous reporting period.

    Name                                              Valid values                                                            Description