Document ID: chunk:federal_register_of_legislation:F2023L00616:front:0:p5
Version: federal_register_of_legislation:F2023L00616
Segment Type: other
Provision Reference: 
Character Range: 11266–14248

or reinsurer.

       financial year means the financial year (within the meaning in the Corporations Act 2001) of the insurer;

       foreign insurer means a foreign general insurer within the meaning of the Insurance Act;

       Note: A reference to a 'branch' or 'branch operation' is a reference to the Australian operations of a foreign insurer.

       general instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;

       Insurance Act means the Insurance Act 1973;

       insurer means a general insurer within the meaning of section 11 of the Insurance Act;

       Note: In this Reporting Standard, a reference to an 'authorised insurer', 'authorised insurance entity' or 'licensed insurer' is a reference to an insurer, and a reference to an 'authorised reinsurance entity' is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.

       non-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;

       Principal Executive Officer means the principal executive officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the insurer; and

       reporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.

    18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.

Reporting Standard GRS 420.0

Insurance Revenue and Incurred Claims by State and Territory of Australia

General instructions

Reporting tables

Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Any specific combination of values in a table must not appear on more than one row in that table when reported.

AASB Standard references

Each accounting item reported aligns with the accounting standard made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item.

IFRS taxonomy element references

Each IFRS taxonomy element contains at least one cross-reference to an AASB standard (that incorporates IFRS 17 Standards as issued and amended by the International Accounting Standards Board) and has a reference type that can be used to identify the source of that element. The IFRS taxonomy uses the following element reference types:

    (a)          disclosure — an element of this type depicts a presentation or disclosure requirement of an IFRS / AASB Standard;

    (b)          example — an element of this type represents an example provided in an IFRS / AASB Standard or its accompanying