Document ID: chunk:federal_register_of_legislation:F2023L00713:front:0:p8
Version: federal_register_of_legislation:F2023L00713
Segment Type: other
Provision Reference: 
Character Range: 23024–27301

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 another or any other movements not recorded as:

                                                                 * gross contractual regular contributions;
                                                                 * reinsured contractual regular contributions;
                                                                 * gross contractual regular contribution increases;
                                                                 * gross contractual regular contribution decreases due to claims and / or maturities; nor
                                                                 * gross contractual regular contribution decreases due to voluntary discontinuance.

P

Policy count  This is the number of policies in the life company fund.

R

Reinsurance contract held - asset / liability for incurred claims - excluding risk adjustment for non-financial risk  Report asset for incurred claims that are presented as reinsurance contract assets, after deducting liability for incurred claims that are presented as reinsurance contract liabilities, and any associated risk adjustment for non-financial risk.

                                                                                                                      Asset for incurred claims for reinsurance contracts held has the meaning given to it in AASB 17 Appendix A.

                                                                                                                      Liability for incurred claims for reinsurance contracts held has the meaning given to it in AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) 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.
Reinsurance contract held - asset / liability for incurred claims - risk adjustment for non-financial risk            Report risk adjustment for non-financial risk in respect of asset for incurred claims, after deducting risk adjustment for non-financial risk in respect of liability for incurred claims for reinsurance contracts held.

                                                                                                                      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.
Reinsurance contract held - asset / liability for remaining coverage                                                  Report asset for remaining coverage that are presented as reinsurance contract assets, after deducting liability for remaining coverage that are presented as reinsurance contract liabilities.

                                                                                                                      Asset for remaining coverage for reinsurance contracts held has the meaning given to it in AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure.

                                                                                                                      Liability for remaining coverage for reinsurance contracts held has the meaning given to it in AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure.
Reinsurance contract held - insurance acquisition cash flows (IACF) liability                                         This is an allocated amount of the aggregate IACF liability item for reinsurance contracts held. The IACF liability item is recognised applying AASB 17 paragraph 28B for the current reporting period.

                                                                                                                      This item has the meaning given to it in AASB