Document ID: chunk:federal_register_of_legislation:F2023L00635:body:0:p7
Version: federal_register_of_legislation:F2023L00635
Segment Type: other
Provision Reference: 
Character Range: 16546–19547

the sum of column 1 and column 2.
Item 2.1.5  Column 1, Column 2 and Column 4:

            Report changes that relate to past service: changes to liabilities for incurred claims from direct business.

            Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.

            Column 3:

            Item 2.1.5 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.1.6  Column 1, Column 2 and Column 4:

            Report impairment losses/reversals on assets for insurance acquisition cash flows from direct business.

            Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.

            Column 3:

            Item 2.1.6 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2    Item 2.2, insurance service expenses from inwards reinsurance, is a derived item and is calculated as the sum of items 2.2.1 to 2.2.6 inclusive.
Item 2.2.1  Column 1, Column 2 and Column 4:

            Report incurred claims from inwards reinsurance.

            Column 3:

            Item 2.2.1 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.2  Column 1, Column 2 and Column 4:

            Report other insurance service expenses from inwards reinsurance.

            Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59 (a) at this item.

            Column 3:

            Item 2.2.2 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.3  Column 1, Column 2 and Column 4:

            Report amortisation of insurance acquisition cash flows from inwards reinsurance.

            Column 3:

            Item 2.2.3 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.4  Column 1, Column 2 and Column 4:

            Report losses and reversal of losses on onerous contracts from inwards reinsurance.

            Report this item in accordance with AASB 17.47-52.

            Column 3:

            Item 2.2.4 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.5  Column 1, Column 2 and Column 4:

            Report changes that relate to past service: changes to liabilities for incurred claims from inwards reinsurance.

            Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.

            Column 3:

            Item 2.2.5 is a derived item and is calculated as the sum of column 1 and column 2.
Item 2.2.6  Column 1, Column 2 and Column 4:

            Report impairment losses/reversals on assets for insurance acquisition cash flows from inwards reinsurance.

            Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.

            Column 3: