Document ID: chunk:federal_register_of_legislation:F2023L00726:body:0:p11
Version: federal_register_of_legislation:F2023L00726
Segment Type: other
Provision Reference: 
Character Range: 26950–29682

Total business is a derived column representing the sum of Columns 3, 7 and 11.

                        Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.
Column 4, 8, 12 and 16  Column 4, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1-3. Column 8, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 5-7. Column 12, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 9-11. Column 16, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 13 to 15.

Item 1: Opening insurance contract liabilities
Item 1  Report opening insurance contract liabilities.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.

Item 2: Opening insurance contract assets
Item 2  Report opening insurance contract assets.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.

Item 3: Net balance as at beginning of reporting period
Item 3  Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2.

Changes in the statement of profit or loss and OCI

Items 4-7: Changes that relate to current services
Item 4  Report CSM recognised for services provided.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.
Item 5  Report change in risk adjustment for non-financial risk for risk expired.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure.
Item 6  Report experience adjustments.

        Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.
Item 7  Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.

Items 8-11: Changes that relate to future services
Item 8   Report changes in estimates that adjust the CSM.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.
Item 9   Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.

         Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure.
Item 10  Report contracts initially recognised in the period.

         Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.
Item 11  Item 11, total changes that relate to future