Document ID: chunk:federal_register_of_legislation:F2023L00726:body:0:p8
Version: federal_register_of_legislation:F2023L00726
Segment Type: other
Provision Reference: 
Character Range: 19163–22085

6, 13 and 20.

                          Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.

                          Based on the insurer's interpretation of AASB 17.105A, this item may not apply.
Columns 7, 14, 21 and 28
                          Column 7, total for the current reporting period for Australian business is a derived column and is calculated as the sum of columns 1 to 6. Column 14, total for the current reporting period for International business is a derived column and is calculated as the sum of columns 8 to 13. Column 21, total for the current reporting period for Inter-region elimination is a derived column and is calculated as the sum of columns 15 to 20. Column 28, for total current reporting period, for Total business is a derived column and is calculated as the sum of columns 22 to 27.

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

Item 4: Insurance revenue
Item 4   Report insurance revenue.

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

Items 5-11: Insurance service expenses
Item 5   Report incurred claims and other expenses.

         Report this item in accordance with AASB 17.103 (b) (i) Disclosure.
Item 6   Report insurance acquisition cash flows amortisation.

         Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.
Item 7   Report changes that relate to future service: losses on onerous contracts and reversals of those losses.

         Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.
Item 8   Report changes that relate to past service: changes to liabilities for incurred claims.

         Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.
Item 9   Report impairment of assets for insurance acquisition cash flows.

         Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.

         Based on the insurer's interpretation of AASB 17.105A, this item may not apply.
Item 10  Report reversal of impairment of assets for insurance acquisition cash flows

         Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.

         Based on the insurer's interpretation of AASB 17.105A, this item may not apply.
Item 11