Document ID: chunk:federal_register_of_legislation:F2023L00604:reg:5
Version: federal_register_of_legislation:F2023L00604
Segment Type: reg
Provision Reference: reg 5
Character Range: 95592–96898

5  Effectiveness Factor                                      Decimal        Report effectiveness factor within the range of 0 to 0.7.

Table 12: Actual Annual Loss Ratio Components – All Benefits – All Business

Reporting basis

This section relates to:

    * life companies including friendly societies (approved benefit funds, which write defined benefit risk products (i.e. APRA product group F4));
    * all benefits (but report by each of the listed insurance benefit types); and
    * all business (but report by each of the listed insurance business types).

Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.

Report actual annual loss ratio components.

Report this table on an annual basis only.

Report this item for the year up to the close of business on the last day of the reporting period.

For death, TPD and trauma related data items, insurers may apply allocations to report the items.

Units of measurement

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

Report all items (including premium related numbers) as positive numbers unless otherwise stated.

    Name                                            Valid values                                                            Description