Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p32
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 127409–130386

assumption changes that adjust CSM. Also show the corresponding (decrease) / increase in EFCF (non-PRP portion) and RA from the assumption changes.
Item A6.2  Report changes in estimates that do not adjust CSM and adjustments to LIC.

           Show the increase / (decrease) in EFCF (non-PRP portion) and RA corresponding to assumption changes and adjustments to LIC.

           This is applicable where the assumption changes and adjustments that change LIC do not adjust CSM.

           The resulting impact on EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) is reported in A6.3.

           Assumption and LIC strengthening increase AASB 17 liabilities.
Item A6.3  Report allocation to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) due to A6.2.

           This is the amounts allocated to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) resulting from the changes in estimates that do not adjust CSM and adjustments to LIC that are reported in A6.2.

           Allocating policyholder and shareholder profits increase EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

7. Other movements

Item A7.1  Report other movements – impact on AASB 17 liabilities, AASB 17 SRPP and AASB 17 SRP (overseas par).

           This is other movements, increases / (decreases), in the net balance of AASB 17 liabilities, AASB 17 SRPP and AASB 17 SRP (overseas par) that are related to, for example, acquisitions / disposals / portfolio transfers.

           This excludes performance, and profit and loss related items.

8. Release of current year policyholder and shareholder profit

Item A8.1  Report CSM and RA release.

           This is the (decrease) in CSM and RA associated with shareholder profit emerging for the reporting period. It reflects total participating business shareholder profit excluding amounts that are recognised in the following items:

               * interest and expense items that impact AASB 17 SRPP and AASB 17 SRP (overseas par) (reported in A4.1, A4.2, A4.3 and A4.4);
               * experience adjustments (reported in A5.2); and
               * changes in estimates that do not adjust CSM and adjustments to LIC (reported in A6.3).

           Releasing shareholder profit decreases AASB 17 liabilities.
Item A8.2  Report allocation to AASB 17 SRPP and AASB 17 SRP (overseas par) due to A8.1.

           This is the amount allocated to AASB 17 SRPP and AASB 17 SRP (overseas par) due to A8.1.

           Allocating a shareholder profit increases AASB 17 SRPP and AASB 17 SRP (overseas par).
Item A8.3  Report current year policyholder profit - impact on EFCF (non-PRP portion).

           This is the (decrease) in EFCF (non-PRP portion) associated with the release of current year policyholder profit from EFCF (non-PRP portion) to EFCF (PRP portion). It reflects total policyholder profit allocated to EFCF (PRP portion) excluding the profits that are recognised in