Document ID: chunk:federal_register_of_legislation:F2023L00717:body:0:p17
Version: federal_register_of_legislation:F2023L00717
Segment Type: other
Provision Reference: 
Character Range: 64847–69930

17 SRPP and AASB 17 SRP (overseas par) due to A7.2.

           This is the amount of loss (recognition) / reversal allocated to Life Act PRP, Life Act SRPP and Life Act SRP (overseas par) due to L7.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    This is the amounts allocated to EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par) resulting from the changes in estimates that do not adjust CSM and adjustments to LIC that are reported in A7.2.

           Allocating policyholder and shareholder profits increase Life Act PRP, Life Act SRPP and Life Act SRP (overseas par).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Allocating policyholder and shareholder profits increase EFCF (PRP portion), AASB 17 SRPP and AASB 17 SRP (overseas par).

8. Other movements

Item L8.1  Report other movements – impact on Life Act policy liabilities, Life Act PRP, Life Act SRPP and Life Act SRP (overseas par).                                                                                                                        Item A8.1  Report other movements – impact on AASB 17 liabilities, AASB 17 SRPP and AASB 17 SRP (overseas par).

           This is other movements, increases / (decreases), in the net balance of Life Act policy liabilities, Life Act PRP, Life Act SRPP and Life Act SRP (overseas par) that are related to, for example, acquisitions / disposals / portfolio transfers.             This is other movements, increases / (decreases), in the net balance of AASB 17 liabilities, AASB 17 SRPP and AASB 17 SRP (overseas par) that are related to, for example, acquisitions / disposals / portfolio transfers.

           This excludes performance, and profit and loss related items.                                                                                                                                                                                                  This excludes performance, and profit and loss related items.

9. Release of current year policyholder and shareholder profit

Item L9.1  Report current year best estimate profits that are added to Life Act SRPP and Life Act SRP (overseas par).                                                                                                                                                                                               Item A9.1  Report CSM and RA release

           This is the (decrease) in VSA associated with the release of shareholder profit at the end of the reporting period in respect of in-force policies. It reflects total participating business shareholder profit for the reporting period excluding amounts that are recognised in the following items:              This is the (decrease) in CSM and RA associated with shareholder profit emerging for the reporting period. It reflects total participating business shareholder profit excluding amounts that are recognised in the following items:
                                                                                                                                                                                                                                                                                                                                   * interest and expense items that impact AASB 17 SRPP and AASB 17 SRP (overseas par) (reported in A4.1, A4.2, A4.3 and A4.4);
               * interest and expense items that impact Life Act SRPP and Life Act SRP (overseas par) (reported in L4.1, L4.2, L4.3 and L4.4);                                                                                                                                                                                     * experience adjustments (reported in A6.2); and
               * profits that are added to Life Act SRPP and Life Act SRP (overseas par) in respect of interim and terminal bonuses (reported in L5.2);                                                                                                                                                                            * changes in estimates that