Document ID: chunk:federal_register_of_legislation:F2023L00642:front:0:p8
Version: federal_register_of_legislation:F2023L00642
Segment Type: other
Provision Reference: 
Character Range: 20193–25513

outstanding and paid claims; and
                                                                   * expected reinsurance recoveries.
                                                               This is calculated as the sum of:
                                                                   * other reinsurance assets: from APRA-authorised reinsurers; and
                                                                   * other reinsurance assets: from non-APRA-authorised reinsurers.
Other reinsurance assets: from APRA-authorised reinsurers      Means the value of other reinsurance assets that are due from APRA-authorised reinsurers.
Other reinsurance assets: from non-APRA-authorised reinsurers  Means the value of other reinsurance assets that are due from non-APRA-authorised reinsurers.

R
Reinsurance recoverables on outstanding and paid claims                                                                                                                                                              This is the value of the central estimate of reinsurance recoverables in relation to reinsurance contracts for both paid and outstanding claims. This item does not include amounts under reinsurance contracts that do not meet the reinsurance documentation test or governing law requirements under Prudential Standard GPS 230 Reinsurance Management (GPS 230).
                                                                                                                                                                                                                     This is calculated as the sum of:
                                                                                                                                                                                                                         * reinsurance recoverables on outstanding and paid claims: from APRA-authorised reinsurers;
                                                                                                                                                                                                                         * reinsurance recoverables on outstanding and paid claims: from non-APRA authorised reinsurers except for amounts outstanding on and from the second balance date;
                                                                                                                                                                                                                         * reinsurance recoverables on outstanding and paid claims: from non-APRA authorised reinsurers that are amounts outstanding on and from the second balance date; and
                                                                                                                                                                                                                         * reinsurance recoverables on outstanding and paid claims: from non-APRA-authorised reinsurers that are overdue for more than 6 months.
Reinsurance recoverables on outstanding and paid claims: from APRA-authorised reinsurers                                                                                                                             This is the value of reinsurance recoverables for both paid and outstanding claims against the reporting Level 2 insurance group from APRA-authorised reinsurers. This item does not include amounts under reinsurance contracts that do not meet the reinsurance documentation test or governing law requirements under GPS 230.
                                                                                                                                                                                                                     This must be reduced by the amount that is likely to become uncollectable in the future.
Reinsurance recoverables on outstanding and paid claims: from non-APRA-authorised reinsurers except for amounts outstanding on and from the second balance date                                                      This is the value of reinsurance recoverables for both paid and outstanding claims against the reporting Level 2 insurance group from non-APRA-authorised reinsurers except for amounts outstanding on and from the second balance date after the financial year in which the event occurred. This item does not include amounts under reinsurance contracts that do not meet the reinsurance documentation test or governing law requirements under GPS 230.
                                                                                                                                                                                                                     This must be reduced by the amount that is likely to become uncollectable in the future.
Reinsurance recoverables on outstanding and paid claims: from non-APRA-authorised reinsurers that are amounts outstanding on and from the second balance date                                                        This is the value of reinsurance recoverables for both paid and outstanding claims against the reporting Level 2 insurance group from non-APRA-authorised reinsurers that are amounts outstanding on and from the second balance date after the financial year in