Document ID: chunk:federal_register_of_legislation:F2023L00629:body:0:p8
Version: federal_register_of_legislation:F2023L00629
Segment Type: other
Provision Reference: 
Character Range: 19220–22201

with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).

          This item aligns with item 7 of GRS 300.0.

Item 9.1  Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.

          Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure, and AASB 101.54 (da) Disclosure.

          This item aligns with item 7.1 of GRS 300.0.

Item 9.2  Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.

          Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure, and AASB 101.54 (da) Disclosure.

          This item aligns with item 7.2 of GRS 300.0.

10.    Reinsurance contract assets

Item 10    Item 10, reinsurance contract assets, is a derived item and is calculated as the sum of item 10.1 and item 10.2.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).

           This item aligns with item 8 of GRS 300.0.
Item 10.1  Report assets for incurred claims that are presented as reinsurance contract assets.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.

           This item aligns with item 8.1 of GRS 300.0.
Item 10.2  Report assets for remaining coverage that are presented as reinsurance contract assets.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure, and AASB 101.54 (da) Disclosure.

           This item aligns with item 8.2 of GRS 300.0.

11.   Other financial assets

Item 11  Report other financial assets.

         Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.

         This item aligns with item 5.1 of GRS 300.0.

12.   Other non-financial assets

Item 12  Report other non-financial assets.

         Report this item in accordance with AASB 101.55 Common practice.

         This item aligns with item 5.2 of GRS 300.0.

13.   All other assets

Item 13  Report all other assets.

14.   Total assets

Item 14  Item 14, total assets, is a derived item and is calculated as the sum of:

                  item 9;
                  item 10;
                  item 11;
                  item 12; and

                  item 13.

         Report this item in accordance with AASB 101.55 Disclosure.

         Refer to item 15 of GRS 300.0.

15.   Insurance contract liabilities

Item 15    Item 15, insurance contract liabilities, is a derived item and is calculated as the sum of item 15.1 and item 15.2.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and