Document ID: chunk:federal_register_of_legislation:F2023L00571:body:0:p9
Version: federal_register_of_legislation:F2023L00571
Segment Type: other
Provision Reference: 
Character Range: 22560–25646

138.118 (c) Disclosure and AASB 3 Appendix A.

15.             Total assets

Item 15  Item 15 total assets, is a derived item calculated as the sum of items 1 to 14 inclusive.

         Report this item in accordance with AASB 101.55 Disclosure.

Liabilities and equity

16.             Total payables

Item 16    Item 16 total payables, is a derived item calculated as the sum of item 16.1 and item 16.2.

           Report this item in accordance with AASB 101.54 (k) Disclosure.
Item 16.1  Report accrued expenses.

           Report this item in accordance with AASB 101.55 Common practice.
Item 16.2  Report dividends payable.
Item 16.3  Report other payables.

           Report this item in accordance with AASB 101.55 Common practice.

17.             Investment contract liabilities

Item 17  Report investment contract liabilities.

         Report this item in accordance with AASB 101.54 (m).

18.             Insurance contract liabilities

Item 18    Item 18 insurance contract liabilities, is a derived item calculated as the sum of items 18.1 to  18.4 inclusive.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).
Item 18.1  Report liabilities for incurred claims that are presented as insurance contract liabilities.  Do not include amounts reported at 18.3 or 18.4 at this item.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.
Item 18.2  Report liabilities for remaining coverage that are presented as insurance contract liabilities. Do not include amounts reported at 18.3 or 18.4 at this item.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure.
Item 18.3  Report amounts payable under the Risk Equalisation scheme in accordance with HPS 340 paragraph 10.
Item 18.4  Other insurance contract liabilities are to be reported as the items captured within other insurance liabilities and deferred claims liabilities in HPS 340 paragraphs 11 and 12, respectively.

19.             Reinsurance contract liabilities

Item 19    Item 19 reinsurance contract liabilities, is a derived item calculated as the sum of item 19.1 and item 19.2.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).
Item 19.1  Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.

           Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.
Item 19.2  Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.

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