Document ID: chunk:federal_register_of_legislation:F2023L00713:front:0:p7
Version: federal_register_of_legislation:F2023L00713
Segment Type: other
Provision Reference: 
Character Range: 19483–23321

risk has the meaning given to it in AASB 17 Appendix A, AASB 17.100 (c)(ii) and AASB 17.101 (b) Disclosure.
Insurance contract - liability / asset for incurred claims - risk adjustment for non-financial risk             Report risk adjustment for non-financial risk in respect of liability for incurred claims, after deducting risk adjustment for non-financial risk in respect of asset for incurred claims  for insurance contracts.

                                                                                                                This item has the meaning given to it in AASB 17 Appendix A and AASB 17.101 (b) Disclosure.

                                                                                                                Risk adjustment for non-financial risk has the meaning given to it in AASB 17 Appendix A, AASB 17. 100 (c)(ii) and AASB 17.101 (b) Disclosure.
Insurance contract - liability / asset for remaining coverage                                                   Report liability for remaining coverage that are presented as insurance contract liabilities, after deducting asset for remaining coverage that are presented as insurance contract assets.

                                                                                                                Liability for remaining coverage for insurance contracts has the meaning given to it in AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure.

                                                                                                                Asset for remaining coverage for insurance contracts has the meaning given to it in AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b)  Disclosure and AASB 101.54 (da) Disclosure.
Insurance contract - unrecovered amount of IACF recognised as impairment loss (or reversal gain)                This is an allocated amount of unrecovered amount of insurance acquisition cash flows recognised as impairment loss (or reversal gain) over the reporting period applying AASB 17 paragraphs 28E and 28F for insurance contracts.

                                                                                                                The allocation is to be based on a systematic and rational approach reflecting how each APRA product group contributed to the origination of the loss (or reversal gain).
Investment contract liabilities - gross of reinsurance                                                          This is investment contract liabilities gross of any reinsurance arrangements. This item is based on AASB 101.54 (m).

Investment contract liabilities (ceded)                                                                         This is the value of investment contract liabilities - gross of reinsurance ceded via reinsurance arrangements place.

L

Life company fund  This means the type of life company fund. Possible types are:

                       * statutory fund; and
                       * benefit fund.

M

Measurement model   This means the type of AASB 17 measurement model. Possible measurement models are:

                        * General Measurement Model;
                        * Premium Allocation Approach; and
                        * Variable Fee Approach
Member count        This is the number of members in the life company fund.

                    A member with more than one policy is considered as one member.  This would be based on the number of lives insured for group policies, joint-life individual policies, or policies that allow the insurance of auxiliary lives.

O

Other movements in gross contractual regular contributions   This is the increase/decrease in contractual contributions following transfers of business from one fund to