Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p11
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 38817–44499

other inflows relating to reinsurance held in respect of participating business. This includes accrued reinsurance commission.                                                                                                                                                         This is any other cash inflows relating to reinsurance held in respect of participating business. This includes reinsurance commissions received

            VSA increases if a receivable balance is recognised or cash is received directly without recognising a receivable balance.                                                                                                                                                                         AASB 17 liabilities increase if cash is received. Note that a receivable balance would be netted against the liability component.
Item L2.10  Report current and deferred tax expense – impact on VSA.                                                                                              Item A2.13                                                                                                                                   Report current and deferred tax expense – impact on EFCF (non-PRP portion).

            This is current and deferred tax expense relating to participating business (e.g. tax on premium income and tax relief on expenses). This excludes:                                                                                                                                                This is current and deferred tax expense relating to participating business (e.g. tax on premium income and tax relief on expenses). This excludes:

                * tax that is reflected in the discount rate (i.e. tax that relates to investment earnings and FUM expenses - reported in L3.3); and                                                                                                                                                               * tax that is reflected in the discount rate (i.e. tax that relates to investment earnings and FUM expenses - reported in A3.3); and
                * tax that falls outside the VSA (reported in L4.4).                                                                                                                                                                                                                                               * tax that falls outside EFCF (non-PRP portion), RA and CSM (reported in A4.4).
            Report Superannuation Contribution Tax (SCT) outflow (e.g. accrued due to surrenders) under this item.                                                                                                                                                                                             Report SCT (e.g. paid due to surrenders) paid under this item.

            VSA decreases if a tax payable / deferred tax liability balance is recognised or cash is paid directly without recognising a tax payable balance.                                                                                                                                                  AASB 17 liabilities decrease if a payable / deferred tax liability balance is recognised or cash is paid directly without recognising a tax payable balance.
Item L2.11  Report other inflow – impact on VSA.                                                                                                                  Item A2.14                                                                                                                                   Report other cash inflow – impact on EFCF (non-PRP portion).

            This is any other inflows relating to participating business.                                                                                                                                                                                                                                      This is any other cash inflows relating to participating business.

            VSA increases if a receivable balance is recognised or cash is received directly without recognising a receivable balance.                                                                                                                                                                         AASB 17 liabilities increase if cash is received. Note that a receivable balance would be netted against the liability component.
Item L2.12  Report other outflow – impact on VSA.                                                                                                                 Item A2.15                                                                                                                                   Report other cash outflow – impact on EFCF (non-PRP portion).

            This is any other outflows relating to participating business.                                                                                                                                                                                                                                     This is any other cash outflows relating to participating business.

            VSA decreases if a payable balance is recognised or cash is paid directly without recognising a payable balance.                                                                                                                                                                                   AASB 17 liabilities decrease if cash is paid. Note that a payable balance would be included in AASB 17 liabilities.

3. Impact