Document ID: chunk:federal_register_of_legislation:F2023L00724:body:0:p8
Version: federal_register_of_legislation:F2023L00724
Segment Type: other
Provision Reference: 
Character Range: 22250–24972

transfers from total SF / total BF to SHF / MF  For a life insurer, this is the amount of share capital transferred from all SFs to the SHF.

                                                              For a friendly society, this item is the amount of share capital transferred from all BFs to the MF.

Specific instructions

Table 1: Retained Profits Transfers (Statutory Fund / Benefit Fund)

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of each statutory / benefit fund.

Report all information as at the reporting date (unless otherwise stated).

Units of measurement

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

Column 1  Report the value for each item listed below which relates to AASB 17 SRPN of the SF.

Column 2  Report the value for each item listed below which relates to AASB 17 SRPP of the SF.

Column 3  Report the value for each item listed below which relates to AASB 17 SRP of the BF.

1. Retained profits transfers

Item 1.1   Report retained profits balance at the beginning of the period.

Item 1.2   Report profit (loss) after income tax attributable to members of the company.

           Report this as a positive value where it would result in an increase to retained profits.

           Report this item for the year up to the close of business on the last day of the reporting period.
Item 1.3   Report retained profits transfers from SHF / MF to SF (AASB 17 SRPN) / SF (AASB 17 SRPP) / BF.

           Report this item as a positive value.

           Report this item for the year up to the close of business on the last day of the reporting period.
Item 1.4   Report retained profits transfers from SF (AASB 17 SRPN) / SF (AASB 17 SRPP) / BF to SHF / MF.

           Report this item as a negative value.

           Report this item for the year up to the close of business on the last day of the reporting period.
Item 1.5   Report other retained profits movements.

           Report this as a positive value where it would result in an increase to retained profits.

           Report this item for the year up to the close of business on the last day of the reporting period.
Item 1.6   Retained profits balance at the end of the period is a calculated number and is calculated as the sum of:

               * items 1.1 to 1.5 inclusive.

Table 2: Retained Profits Transfers (Life Company)

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of the life company. Report all information as at the reporting date.

Units of measurement

Report the dollar values in this table in whole