Document ID: chunk:federal_register_of_legislation:F2023L00726:body:0:p13
Version: federal_register_of_legislation:F2023L00726
Segment Type: other
Provision Reference: 
Character Range: 31976–34868

this item may not apply.
Item 22  Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.

         Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 23  Report other movements in the net balance not reported at items 21 and 22.

         Report this item in accordance with AASB 17.105 (d) Disclosure.
Item 24  Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.

Item 25: Net balance as at end of reporting period
Item 25  Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24.

Items 26-28: Closing balances
Item 26  Report closing insurance contract liabilities.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 27  Report closing insurance contract assets.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.
Item 28  Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.

Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)

Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims

Report the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.
Report zero values for line items if they are not applicable.

Columns for Level 2 insurance group
Column 1, 8, 15 and 22   Report assets for remaining coverage excluding loss-recovery component for the current reporting period for Australian business (1), International business (8) and Inter-region elimination (15). Column 22 for Total business is a derived column representing the sum of Columns 1, 8 and 15.

                         Report this item in accordance with 17.100 (a) Disclosure.
Column 2, 9, 16 and 23   Report the loss-recovery component of assets for remaining coverage for the current reporting period for Australian business (2), International business (9) and Inter-region elimination (16). Column 23 for Total business is a derived column representing the sum of Columns 2, 9 and 16.

                         Report this item in accordance with AASB 17.66B, 17.100 (b) Disclosure.
Column 3, 10, 17 and 24  For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period for Australian business (3), International business (10) and Inter-region elimination (17). Column 24 for Total business is a derived column representing the sum of Columns 3, 10 and 17.

                         Report this item in accordance