Document ID: chunk:federal_register_of_legislation:F2015L00811:body:0:p5
Version: federal_register_of_legislation:F2015L00811
Segment Type: other
Provision Reference: 
Character Range: 13419–17095

(1)                                       (2)  (3)        (4)                               (5)                     (6)                                 (7)                       (8)                                       (9)
                                               Yes
                                               No

     4.2.  Reinsurance premiums
                                                                 Reinsurance premium payment to reinsurance provider, of which:
Reinsurer name                   Reinsurance premiums collected  Value paid by the RSE                                           Value paid by the RSE licensee  Value paid by an employer-sponsor  Reinsurance claims paid
(1)                              (2)                             (3)                                                             (4)                             (5)                                (6)

5.  Previous reinsurers

Reinsurer name   ABN   Insurance policy
(1)              (2)   (3)
                       Group insurance policy
                       Individual insurance policy
                       Both group insurance policy and individual insurance policy

Reporting Form SRF 161.0

Self-Insurance

Instructions

These instructions assist completion of Reporting Form SRF 161.0 Self-Insurance (SRF 161.0). SRF 161.0 collects information on self-insurance of the registrable superannuation entity (RSE). Information reported in SRF 161.0 is required for prudential and publication purposes.

Reporting levels

SRF 161.0 must be completed for each RSE and defined benefit RSE.

An RSE licensee must complete SRF 161.0 in respect of each RSE and defined benefit RSE where insurance is offered by the RSE licensee under a self-insurance arrangement. This includes RSEs and defined benefit RSEs that retain liability for residual claims even though ongoing risks are no longer self-insured.

An RSE licensee must report only self-insured risks on SRF 161.0. Any externally-acquired insurance must be reported on Reporting Form SRF 250.0 Acquired Insurance (SRF 250.0). Previous self-insurance arrangements, which are now fully insured via externally-acquired insurance, must be reported on SRF 250.0, not SRF 161.0.

Reporting basis and unit of measurement

Report all items on SRF 161.0 in accordance with the Australian Accounting Standards unless otherwise specified.

Items on SRF 161.0 must be reported as at the end of the reporting period or with respect to transactions that occurred during the reporting period.

Items on SRF 161.0 are to be reported as thousands of dollars, as whole numbers or as percentages.

These instructions specify the reporting basis and unit of measurement that applies to each item.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Where the relevant organisation does not have an ABN, leave the ABN field blank e.g. where the organisation is domiciled in an overseas jurisdiction.

Self- insurance arrangement detail

Item 1 collects information about each self-insurance arrangement provided by an RSE licensee to members of an RSE, including funding of the self-insurance arrangements.

Report each self-insurance arrangement on a separate line in item 1.

Reporting basis: report item 1.1 and item 1.2 as at the end of the reporting period; report item 1.3 with respect to transactions that occurred during the reporting period. Where a self-insurance arrangement ceased during the reporting period, report '0' for item 1.1 column 8 and item 1.1 column 9 and item 1.2 column 2 to column 9 inclusive. Report the value