Document ID: chunk:federal_register_of_legislation:F2023L00720:front:0:p8
Version: federal_register_of_legislation:F2023L00720
Segment Type: other
Provision Reference: 
Character Range: 19530–20656

no recovery from on-balance sheet reinsurance assets and the reinsurer is not replaced on any of its previous or current reinsurance programs.

Reporting Practice Guide GRPG 460 Reinsurance Counterparty Data Collection provides guidance to assist general insurers in completing GRS 460.1. General insurers are permitted to use simplifying assumptions where those assumptions do not have a material impact on the resulting capital coverage of the general insurer.

Table 1: Exposure Analysis by Reinsurance Counterparty – Reinsurer identifier list

Reporting basis

Report balances for column 7 total impact on capital base to column 13 total impact on prescribed capital amount as at the end of the financial year.

Report information for each reporting period on a Level 1 (licensed insurer) basis.

Units of measurement

Report values in whole Australian dollars (AUD).

Convert amounts denominated in foreign currency to AUD in accordance with the relevant accounting standard.

    Name                                                           Valid values                                                     Description