Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p25
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 104685–111141

amount of gross policy liabilities ceded in respect of participating business at the end of the reporting period, determined using the VSA led method.                                                                                                                                                                                                                                                                                                                 This is the amount of reinsurance assets determined under AASB 17 (net of reinsurance liabilities) in respect of participating business at the end of the reporting period.

             Report the asset amount with a positive number.                                                                                                                                                                                                                                                                                                                                                                                                                                    Report the asset amount with a positive number.
             Item A15.2                                                                                                                                                                                                 Report accounts receivable recognised within insurance liabilities (net of insurance assets).

                                                                                                                                                                                                                        This is the amount related to amounts due but not yet received.  This may include (but is not limited to) premiums, rebates, fees and commissions.

                                                                                                                                                                                                                        This reflects the accounts receivable amount recognised as a separate asset on the balance sheet under the VSA led method, which is added to insurance and reinsurance contract assets or netted against insurance and reinsurance contract liabilities under AASB 17.

                                                                                                                                                                                                                        Show the receivable amount with a positive number.
             Item A15.3                                                                                                                                                                                                 Report accounts payable recognised within insurance liabilities (net of insurance assets).

                                                                                                                                                                                                                        This is the amount related to other amounts due but not yet paid. This may include (but is not limited to) claims, rebates, fees and commissions.

                                                                                                                                                                                                                        This reflects the accounts payable amount recognised as a separate liability on the balance sheet under the VSA led method which is netted against insurance and reinsurance contract assets or added to insurance and reinsurance contract liabilities under AASB 17.

                                                                                                                                                                                                                        Show the payable amount with a positive number .
Item L15.2   Report loans on policies recognised on the balance sheet.                                                                                                                                                  Item A15.4                                                                                                                                                                                                                                                              Report loans on policies recognised within insurance liabilities (net of insurance assets).

             This is the total amount of loans on policies (includes non-forfeiture loans) as at reporting date.                                                                                                                                                                                                                                                                                                                                                                                This is the total amount of loans on policies (includes non-forfeiture loans) as at reporting date, which is added to insurance assets or netted against insurance liabilities under AASB 17.

             For the purposes of APRA reporting, loans on policies are recognised as a negative liability (but not part of Life Act policy liability and Life Act PRP) rather than an asset under the VSA led method.                                                                                                                                                                                                                                                                           Show the policy loan amount with a positive number.

             Show the policy loan amount with a positive number.
Item L15.3   Report loans on policies issued.

             This is the amount of policy loans issued (includes non-forfeiture loans) during the reporting period.
Item L15.4   Report loans on policies repaid.

             This is the amount of policy loans repaid by policyholders (includes repayments of non-forfeiture loans) during the reporting period.
Item L15.5   Report other movements relating to loans on policies.

             This is any other movements relating to policy loans (includes non-forfeiture loans). This includes any interests accrued on policy loans.

Table 2: Accounting Standard Led Method