Document ID: chunk:federal_register_of_legislation:F2023L00574:body:0:p7
Version: federal_register_of_legislation:F2023L00574
Segment Type: other
Provision Reference: 
Character Range: 16463–19401

For entities that are not insurers within the Level 2 insurance group, items should be reported as:

     * Australian business where they relate to an entity incorporated in Australia; and

     * International business where they relate to an entity incorporated outside of Australia. The entity should be included in the international region that most appropriately reflects the incorporation of the entity. The region can be selected to align to the region(s) chosen by the Level 2 insurance group for reporting insurance business carried on by an entity within the group that is not authorised under the Insurance Act 1973.

 Columns for Level 2 insurance group

Column 1   Column 1 total business, is a derived column and is calculated as the sum of column 2 to column 10.
Column 2   Report the amount for Inter-region elimination.
Column 3   Report the amount for Australian business.
Column 4   Report the amount for International business - New Zealand.
Column 5   Report the amount for International business - South East Asia.
Column 6   Report the amount for International business - Asia Pacific.
Column 7   Report the amount for International business – USA.
Column 8   Report the amount for International business – Americas.
Column 9   Report the amount for International business - UK/Europe.
Column 10  Report the amount for International business – Other.

Assets

 1.               Total cash and cash equivalents
Item 1    Item 1 total cash and cash equivalents is a derived item calculated as the sum of item 1.1 and item 1.2.

          Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.
Item 1.1  Report cash.

          Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.
Item 1.2  Report cash equivalents.

          Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.

2.                  Total receivables
Item 2    Item 2 total receivables is a derived item calculated as the sum of items 2.1 to 2.3 inclusive.

          Report this item in accordance with AASB 101.54 (h) Disclosure and AASB 101.78 (b) Disclosure.
Item 2.1  Report accrued income receivable.

          Report this item in accordance with AASB 101.78 (b) Common practice.
Item 2.2  Report prepayments.

          Report this item in accordance with AASB 101.78 (b) Example.
Item 2.3  Report other receivables.

          Report this item in accordance with AASB 101.78 (b) Example. Lessors report finance lease receivables at this item.

3.                  Current tax assets
Item 3   Report current tax assets.

         Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure.

4.                  Total deferred tax assets
Item 4     Item 4 total deferred tax assets is a derived item calculated as the sum of item 4.1 and item 4.2.

           Report this item in accordance with AASB 101.54 (o) Disclosure, AASB 112.5, AASB