{"id":"F2023L00586","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 79 of 2023","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104241,"registerId":"commonwealth-F2023L00586-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard GRS 300.0","sectionType":"part","heading":"Reporting Standard GRS 300.0","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 300.0\n\n# Statement of Financial Position\n\n## Objective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA in relation to a general insurer’s financial position.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.\n\n### Authority\n\n    This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n### Purpose\n\n    2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.\n\n### Application and commencement\n\n3. This Reporting Standard applies to all general insurers authorised under the Insurance Act 1973 (insurers). This Reporting Standard applies for reporting periods ending on or after 1 July 2023.\n\n### Information required\n\n4. An insurer must provide APRA with the information required by this Reporting Standard for each reporting period.\n\n### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n(a) in electronic format using an electronic method available on APRA’s website; or\n\n(b) by a method notified by APRA prior to submission.\n\n### Reporting periods and due dates\n\n6. Subject to paragraph 7, an insurer must provide the information required by this Reporting Standard:\n\n(a) in respect of each quarter based on the financial year of the insurer; and\n\n(b) in respect of each financial year of the insurer.\n\nNote: The annual information required from an insurer by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the insurer’s yearly statutory accounts within the meaning of section 3 of the Insurance Act. This means that the information must be audited in accordance with paragraph 49J(1)(a) of the Insurance Act. Under subsection 49J(3), the principal auditor of the insurer must give the insurer a certificate relating to the yearly statutory accounts, and that certificate must contain statements of the auditor’s opinions on the matters required by the prudential standards to be dealt with in the certificate.\n\n7. If, having regard to the particular circumstances of an insurer, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular insurer.\n\n8. The information required by this Reporting Standard in respect of an insurer must be provided to APRA:\n\n(a) in the case of quarterly information, within 20 business days after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: Paragraph 49L(1)(a) of the Insurance Act provides that the auditor’s certificate required under subsection 49J(3) of that Act must be lodged with APRA in accordance with the prudential standards. The prudential standards provide that the certificate must be submitted to APRA together with the yearly statutory accounts. Accordingly, the auditor’s certificate relating to the annual information referred to in subparagraph 6(b) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant an insurer an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an insurer is nonetheless required to submit the information required no later than the due date.\n\n### Quality control\n\n10. The information provided by an insurer under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Appointed Auditor of the insurer. This will require the Appointed Auditor to review and test the insurer’s systems, processes and controls designed to enable the insurer to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Appointed Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters.\n\n11. All information provided by an insurer under this Reporting Standard must be subject to systems, processes and controls developed by the insurer for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n### Authorisation\n\n12. When an officer, or agent, of an insurer provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n13. If the information required by this Reporting Standard is provided by an agent who submits the information on the insurer’s behalf, the insurer must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n14. An officer, or agent, of an insurer who submits the information under this Reporting Standard for, or on behalf of, the insurer must be authorised by either:\n\n(a) the Principal Executive Officer of the insurer; or\n\n(b) the Chief Financial Officer of the insurer.\n\n### Variations\n\n15. APRA may, by written notice to the insurer, vary the reporting requirements of this Reporting Standard in relation to that insurer.\n\n### Transition\n\n16. An insurer must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) which ended before 1 July 2023; and\n\n(b) in relation to which the insurer was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an insurer was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the insurer is still required to provide any overdue reporting documents in accordance with the old reporting standard.\n\n### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard GPS 001 Definitions (GPS 001); and\n\n(b) the following definitions are applicable:\n\nAppointed Auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act;\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the insurer, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the insurer;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: 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.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal 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\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. 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.","sortOrder":0},{"sectionNumber":"Statement of Financial Position","sectionType":"part","heading":"Statement of Financial Position","content":"![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 300.0\n\n# Statement of Financial Position\n\n## Objective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA in relation to a general insurer’s financial position.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.\n\n### Authority\n\n    This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n### Purpose\n\n    2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.\n\n### Application and commencement\n\n3. This Reporting Standard applies to all general insurers authorised under the Insurance Act 1973 (insurers). This Reporting Standard applies for reporting periods ending on or after 1 July 2023.\n\n### Information required\n\n4. An insurer must provide APRA with the information required by this Reporting Standard for each reporting period.\n\n### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n(a) in electronic format using an electronic method available on APRA’s website; or\n\n(b) by a method notified by APRA prior to submission.\n\n### Reporting periods and due dates\n\n6. Subject to paragraph 7, an insurer must provide the information required by this Reporting Standard:\n\n(a) in respect of each quarter based on the financial year of the insurer; and\n\n(b) in respect of each financial year of the insurer.\n\nNote: The annual information required from an insurer by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the insurer’s yearly statutory accounts within the meaning of section 3 of the Insurance Act. This means that the information must be audited in accordance with paragraph 49J(1)(a) of the Insurance Act. Under subsection 49J(3), the principal auditor of the insurer must give the insurer a certificate relating to the yearly statutory accounts, and that certificate must contain statements of the auditor’s opinions on the matters required by the prudential standards to be dealt with in the certificate.\n\n7. If, having regard to the particular circumstances of an insurer, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular insurer.\n\n8. The information required by this Reporting Standard in respect of an insurer must be provided to APRA:\n\n(a) in the case of quarterly information, within 20 business days after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: Paragraph 49L(1)(a) of the Insurance Act provides that the auditor’s certificate required under subsection 49J(3) of that Act must be lodged with APRA in accordance with the prudential standards. The prudential standards provide that the certificate must be submitted to APRA together with the yearly statutory accounts. Accordingly, the auditor’s certificate relating to the annual information referred to in subparagraph 6(b) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant an insurer an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an insurer is nonetheless required to submit the information required no later than the due date.\n\n### Quality control\n\n10. The information provided by an insurer under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Appointed Auditor of the insurer. This will require the Appointed Auditor to review and test the insurer’s systems, processes and controls designed to enable the insurer to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Appointed Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters.\n\n11. All information provided by an insurer under this Reporting Standard must be subject to systems, processes and controls developed by the insurer for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.\n\n### Authorisation\n\n12. When an officer, or agent, of an insurer provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n13. If the information required by this Reporting Standard is provided by an agent who submits the information on the insurer’s behalf, the insurer must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n14. An officer, or agent, of an insurer who submits the information under this Reporting Standard for, or on behalf of, the insurer must be authorised by either:\n\n(a) the Principal Executive Officer of the insurer; or\n\n(b) the Chief Financial Officer of the insurer.\n\n### Variations\n\n15. APRA may, by written notice to the insurer, vary the reporting requirements of this Reporting Standard in relation to that insurer.\n\n### Transition\n\n16. An insurer must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) which ended before 1 July 2023; and\n\n(b) in relation to which the insurer was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an insurer was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the insurer is still required to provide any overdue reporting documents in accordance with the old reporting standard.\n\n### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard GPS 001 Definitions (GPS 001); and\n\n(b) the following definitions are applicable:\n\nAppointed Auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act;\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the insurer, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the insurer;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: 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.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal 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\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. 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.","sortOrder":1},{"sectionNumber":"Objective of this Reporting Standard","sectionType":"part","heading":"Objective of this Reporting Standard","content":"## Objective of this Reporting Standard\n\nThis Reporting Standard sets out the requirements for the provision of information to APRA in relation to a general insurer’s financial position.\n\nIt includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide.","sortOrder":2},{"sectionNumber":"Authority","sectionType":"division","heading":"Authority","content":"### Authority\n\n    This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.","sortOrder":3},{"sectionNumber":"Purpose","sectionType":"division","heading":"Purpose","content":"### Purpose\n\n    2. The information reported to APRA under this Reporting Standard is used by APRA for the purpose of prudential supervision including assessing compliance with the capital standards.","sortOrder":4},{"sectionNumber":"Application and commencement","sectionType":"division","heading":"Application and commencement","content":"### Application and commencement\n\n3. This Reporting Standard applies to all general insurers authorised under the Insurance Act 1973 (insurers). This Reporting Standard applies for reporting periods ending on or after 1 July 2023.","sortOrder":5},{"sectionNumber":"Information required","sectionType":"division","heading":"Information required","content":"### Information required\n\n4. An insurer must provide APRA with the information required by this Reporting Standard for each reporting period.","sortOrder":6},{"sectionNumber":"Method of submission","sectionType":"division","heading":"Method of submission","content":"### Method of submission\n\n5. The information required by this Reporting Standard must be given to APRA:\n\n(a) in electronic format using an electronic method available on APRA’s website; or\n\n(b) by a method notified by APRA prior to submission.","sortOrder":7},{"sectionNumber":"Reporting periods and due dates","sectionType":"division","heading":"Reporting periods and due dates","content":"### Reporting periods and due dates\n\n6. Subject to paragraph 7, an insurer must provide the information required by this Reporting Standard:\n\n(a) in respect of each quarter based on the financial year of the insurer; and\n\n(b) in respect of each financial year of the insurer.\n\nNote: The annual information required from an insurer by paragraphs 4, 5 and 6(b), together with certain annual information required by other reporting standards, will form part of the insurer’s yearly statutory accounts within the meaning of section 3 of the Insurance Act. This means that the information must be audited in accordance with paragraph 49J(1)(a) of the Insurance Act. Under subsection 49J(3), the principal auditor of the insurer must give the insurer a certificate relating to the yearly statutory accounts, and that certificate must contain statements of the auditor’s opinions on the matters required by the prudential standards to be dealt with in the certificate.\n\n7. If, having regard to the particular circumstances of an insurer, APRA considers it necessary or desirable to obtain information more or less frequently than as provided by subparagraph 6(a) or 6(b), APRA may, by notice in writing, change the reporting periods, or specify reporting periods, for the particular insurer.\n\n8. The information required by this Reporting Standard in respect of an insurer must be provided to APRA:\n\n(a) in the case of quarterly information, within 20 business days after the end of the reporting period to which the information relates;\n\n(b) in the case of annual information, within three months after the end of the reporting period to which the information relates; or\n\n(c) in the case of information provided in accordance with paragraph 7, within the time specified by notice in writing.\n\nNote: Paragraph 49L(1)(a) of the Insurance Act provides that the auditor’s certificate required under subsection 49J(3) of that Act must be lodged with APRA in accordance with the prudential standards. The prudential standards provide that the certificate must be submitted to APRA together with the yearly statutory accounts. Accordingly, the auditor’s certificate relating to the annual information referred to in subparagraph 6(b) must be provided to APRA by the time specified in GRS 001 (unless an extension of time is granted under GRS 001).\n\n9. APRA may, in writing, grant an insurer an extension of a due date in paragraph 8, in which case the new due date will be the date on the notice of extension.\n\nNote: For the avoidance of doubt, if the due date for a particular reporting period falls on a day other than a usual business day, an insurer is nonetheless required to submit the information required no later than the due date.","sortOrder":8},{"sectionNumber":"Quality control","sectionType":"division","heading":"Quality control","content":"### Quality control\n\n10. The information provided by an insurer under this Reporting Standard must be the product of systems, processes and controls that have been reviewed and tested by the Appointed Auditor of the insurer. This will require the Appointed Auditor to review and test the insurer’s systems, processes and controls designed to enable the insurer to report reliable financial information to APRA. This review and testing must be done on:\n\n(a) an annual basis or more frequently if necessary to enable the Appointed Auditor to form an opinion on the reliability and accuracy of data; and\n\n(b) at least a limited assurance engagement consistent with professional standards and guidance notes issued by the Auditing and Assurance Standards Board as may be amended from time to time, to the extent that they are not inconsistent with the requirements of Prudential Standard GPS 310 Audit and Related Matters.\n\n11. All information provided by an insurer under this Reporting Standard must be subject to systems, processes and controls developed by the insurer for the internal review and authorisation of that information. It is the responsibility of the Board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data submitted to APRA is in place.","sortOrder":9},{"sectionNumber":"Authorisation","sectionType":"division","heading":"Authorisation","content":"### Authorisation\n\n12. When an officer, or agent, of an insurer provides the information required by this Reporting Standard using an electronic format the officer, or agent, must digitally sign the relevant information using a digital certificate acceptable to APRA.\n\n13. If the information required by this Reporting Standard is provided by an agent who submits the information on the insurer’s behalf, the insurer must:\n\n(a) obtain from the agent a copy of the completed information provided to APRA; and\n\n(b) retain the completed copy.\n\n14. An officer, or agent, of an insurer who submits the information under this Reporting Standard for, or on behalf of, the insurer must be authorised by either:\n\n(a) the Principal Executive Officer of the insurer; or\n\n(b) the Chief Financial Officer of the insurer.","sortOrder":10},{"sectionNumber":"Variations","sectionType":"division","heading":"Variations","content":"### Variations\n\n15. APRA may, by written notice to the insurer, vary the reporting requirements of this Reporting Standard in relation to that insurer.","sortOrder":11},{"sectionNumber":"Transition","sectionType":"division","heading":"Transition","content":"### Transition\n\n16. An insurer must report under the old reporting standard in respect of a transitional reporting period. For these purposes:\n\nold reporting standard means the reporting standard revoked in the determination making this Reporting Standard; and\n\ntransitional reporting period means a reporting period under the old reporting standard:\n\n(a) which ended before 1 July 2023; and\n\n(b) in relation to which the insurer was required, under the old reporting standard, to report by a date on or after the date of revocation of the old reporting standard.\n\nNote: For the avoidance of doubt, if an insurer was required to report under an old reporting standard, and the reporting documents were due before the date of revocation of the old reporting standard, the insurer is still required to provide any overdue reporting documents in accordance with the old reporting standard.","sortOrder":12},{"sectionNumber":"Interpretation","sectionType":"division","heading":"Interpretation","content":"### Interpretation\n\n17. In this Reporting Standard:\n\n(a) unless the contrary intention appears, words and expressions have the meanings given to them in Prudential Standard GPS 001 Definitions (GPS 001); and\n\n(b) the following definitions are applicable:\n\nAppointed Auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act;\n\nAPRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd’s underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also an APRA-authorised reinsurer for the purposes of this definition;\n\ncapital standards means the prudential standards which relate to capital adequacy as defined in GPS 001;\n\nChief Financial Officer means the chief financial officer of the insurer, by whatever name called;\n\nfinancial year means the financial year (within the meaning in the Corporations Act 2001) of the insurer;\n\nforeign insurer means a foreign general insurer within the meaning of the Insurance Act;\n\nNote: A reference to a ‘branch’ or ‘branch operation’ is a reference to the Australian operations of a foreign insurer.\n\ngeneral instruction guide refers to the general instruction guide set out in Attachment A of GRS 001;\n\nInsurance Act means the Insurance Act 1973;\n\ninsurer means a general insurer within the meaning of section 11 of the Insurance Act;\n\nNote: 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.\n\nnon-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;\n\nPrincipal 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\n\nreporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.\n\n18. 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.","sortOrder":13},{"sectionNumber":"General instructions","sectionType":"part","heading":"General instructions","content":"## General instructions\n\nThese instructions assist completion of the Reporting Standard GRS 300.0 Statement of Financial Position, which collects information relating to the licensed insurer’s statement of financial position.","sortOrder":16},{"sectionNumber":"Reporting tables","sectionType":"division","heading":"Reporting tables","content":"### Reporting tables\n\nTables 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.","sortOrder":17},{"sectionNumber":"General accounting basis","sectionType":"division","heading":"General accounting basis","content":"# Reporting Standard GRS 300.0\n\n# Statement of Financial Position\n\n## General instructions\n\nThese instructions assist completion of the Reporting Standard GRS 300.0 Statement of Financial Position, which collects information relating to the licensed insurer’s statement of financial position.\n\n### Reporting tables\n\nTables 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.\n\n### General accounting basis\n\n### Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. The AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\nIFRS taxonomy element reference\n\nEach 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 (IASB)) 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:\n\n    (a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n    (b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n    (c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\nAssets for insurance acquisition cash flows\n\nAny assets recognised for insurance acquisition cash flows paid under AASB 17.28B (pre-coverage or relating to renewals) are included as part of the carrying amount of the related portfolios of insurance contracts issued (in accordance with AASB 17.79). Similarly, any assets or liabilities for cash flows related to portfolios of reinsurance contracts held are reported in accordance with AASB 17.79.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\n| Column 1 | Report the amount for inside Australia.                                                 |\n| -------- | --------------------------------------------------------------------------------------- |\n| Column 2 | Report the amount for outside Australia.                                                |\n| Column 3 | Column 3 total amount, is a derived column and is calculated as column 1 plus column 2. |\n\nAssets\n\n1.  Total cash and cash equivalents\n\n| Item 1   | Item 1 total cash and cash equivalents is a derived item calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6. |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report cash.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                             |\n| Item 1.2 | Report cash equivalents.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                 |\n\n2. Total receivables\n\n| Item 2   | Item 2 total receivables is a derived item calculated as the sum of items 2.1 to 2.3 inclusive.Report this item in accordance with AASB 101.54 (h) Disclosure and AASB 101.78 (b) Disclosure. |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 2.1 | Report accrued income receivable.Report this item in accordance with AASB 101.78 (b) Common practice.                                                                                         |\n| Item 2.2 | Report prepayments.Report this item in accordance with AASB 101.78 (b) Example.                                                                                                               |\n| Item 2.3 | Report other receivables.Report this item in accordance with AASB 101.78 (b) Example. Lessors report finance lease receivables at this item.                                                  |\n\n3. Current tax assets\n\n| Item 3 | Report current tax assets.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------- |\n\n4. Total deferred tax assets\n\n| Item 4   | Item 4 total deferred tax assets is a derived item calculated as the sum of item 4.1 and item 4.2.Report this item in accordance with AASB 101.54 (o) Disclosure, AASB 112.5, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure.                                                                                                                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 4.1 | Report unused tax losses.Report this item in accordance with AASB 112.81 (g) Disclosure.Report this amount on an annual basis per that disclosed in the insurer’s yearly statutory accounts. For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report a split, report this in item 4.2 Other deferred tax assets. |\n| Item 4.2 | Report other deferred tax assets.Report this item in accordance with AASB 112.5 and AASB 112.81 (g) Common practice.For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report total deferred tax assets split between items 4.1 and 4.2, report total deferred tax assets here.                                    |\n\n5. Other assets\n\n| Item 5       | Item 5 other assets, is a derived item, calculated as the sum of item 5.1 and item 5.2.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                   |\n| ------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5.1     | Item 5.1 other financial assets, is a derived item calculated as the sum of items 5.1.1 to 5.1.6 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.                                               |\n| Item 5.1.1   | Report investments.Report investment balances that are not reported elsewhere in this Reporting Standard.Report this item in accordance with AASB 101.55 Common practice.                                                                |\n| Item 5.1.2   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                                           |\n| Item 5.1.3   | Report securities purchased under agreement to resell.Report this item in accordance with AASB 101.55 Common practice, AASB 9.3.2.15, AASB 9.3.2.23 (a), AASB 9.B3.2.16 (a)–(c), AASB 7.14, AASB 7.15 and AASB 7.42D (a)–(c) Disclosure. |\n| Item 5.1.4   | Report equities/unit trusts.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                             |\n| Item 5.1.5   | Item 5.1.5 total debt instruments held - non-indexed IBS and indexed IBS, is a derived item calculated as the sum of item 5.1.5.1 and item 5.1.5.2.Report this item in accordance with AASB 101.55 Common practice.                      |\n| Item 5.1.5.1 | Report non-indexed interest-bearing securities (IBS).Report this item in accordance with AASB 101.55 Common practice.                                                                                                                    |\n| Item 5.1.5.2 | Report indexed IBS.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                                      |\n| Item 5.1.6   | Report other financial assets – other.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                                                                    |\n| Item 5.2     | Item 5.2 other non-financial assets, is a derived item calculated as the sum of item 5.2.1 and item 5.2.2.Report this item in accordance with AASB 101.55 Common practice.                                                               |\n| Item 5.2.1   | Report net defined benefit asset.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                                         |\n| Item 5.2.2   | Report other non-financial assets – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                               |\n\n6. Total non-current assets and disposal groups classified as held for sale\n\n| Item 6 | Report total non-current assets and disposal groups classified as held for sale.Report this item in accordance with AASB 101.54 (j) Disclosure, AASB 5 Appendix A and AASB 5.6. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n7. Insurance contract assets\n\n| Item 7   | Item 7 insurance contract assets, is a derived item calculated as the sum of item 7.1 and item 7.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).                                                                                        |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 7.1 | Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.           |\n| Item 7.2 | Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n8. Reinsurance contract assets\n\n| Item 8   | Item 8 reinsurance contract assets, is a derived item calculated as the sum of item 8.1 and item 8.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).                 |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 8.1 | Report assets for incurred claims that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.        |\n| Item 8.2 | Report assets for remaining coverage that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n9. Total investments accounted for using the equity method\n\n| Item 9   | Item 9 total investments accounted for using the equity method is a derived item calculated as the sum of item 9.1 and item 9.2.Report this item in accordance with AASB 128.3, AASB 12.B16 Disclosure, AASB 101.54 (e) Disclosure and AASB 8.24 (a) Disclosure. |\n| -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9.1 | Report investments in associates accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                              |\n| Item 9.2 | Report investments in joint ventures accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                          |\n\n10. Investments in subsidiaries, joint ventures and associates not accounted for using equity method\n\n| Item 10   | Item 10 investments in subsidiaries, joint ventures and associates not accounted for using the equity method, is a derived item calculated as the sum of items 10.1 to 10.3 inclusive.Report this item in accordance with AASB 127.10 Disclosure, AASB 10 Appendix A and AASB 128.3. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 10.1 | Report investments in subsidiaries not accounted for using the equity method.Report this item in accordance with AASB 10 Appendix A and AASB 127.10 Disclosure.                                                                                                                      |\n| Item 10.2 | Report investments in associates not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19                                                                                                            |\n| Item 10.3 | Report investments in joint ventures not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19.                                                                                                       |\n\n11. Total property, plant & equipment net of depreciation/impairment\n\n| Item 11   | Item 11 property, plant and equipment net of depreciation / impairment is a derived item calculated as item 11.1 less item 11.2.Report this item in accordance with AASB 116.6, AASB 116.73 (e) Disclosure and AASB 101.54 (a) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 11.1 | Report property, plant and equipment – gross carrying amount.Report this item in accordance with AASB 116.6 and AASB 116.73 (d) Disclosure                                                                                                 |\n| Item 11.2 | Report property, plant and equipment – accumulated depreciation.Report this item in accordance with AASB 116.75 (b) Disclosure and AASB 116.73 (d) Common practice.                                                                        |\n\n12. Total investment property\n\n| Item 12 | Report total investment property.Report this item in accordance with AASB 101.54 (b) Disclosure, AASB 140.5, AASB 140.79 (d) Disclosure and AASB 140.76 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n13. Right-of-use assets\n\n| Item 13 | Report right-of-use assets.Report this item in accordance with AASB 16.47 (a) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------- |\n\n14. Total intangible assets and goodwill\n\n| Item 14     | Item 14 total intangible assets and goodwill, is a derived item calculated as the sum of item 14.1 and item 14.2 less item 14.3.Report this item in accordance with AASB 3 Appendix A, AASB 138.8 and AASB 138.118 Common practice. |\n| ----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 14.1   | Report goodwill.Report this item in accordance with AASB 3 Appendix A, AASB 136.135 (a) Disclosure, AASB 136.134 (a) Disclosure, AASB 3.B67 (d) Disclosure and AASB 101.54 (c) Disclosure.                                          |\n| Item 14.2   | Item 14.2 intangible assets other than goodwill, is a derived item calculated as the sum of item 14.2.1 and item 14.2.2.Report this item in accordance with AASB 138.8, AASB 101.54 (c) Disclosure and AASB 138.118 (e) Disclosure. |\n| Item 14.2.1 | Report intangible assets with a finite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                               |\n| Item 14.2.2 | Report intangible assets with an indefinite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                          |\n| Item 14.3   | Report total accumulated amortisation and impairment of intangible assets and goodwill.Report this item in accordance with AASB 138.8, AASB 138.118 (c) Disclosure and AASB 3 Appendix A.                                           |\n\n15. Total assets\n\n| Item 15 | Item 15 total assets, is a derived item calculated as the sum of items 1 to 14 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nLiabilities and equity\n\n16. Total payables\n\n| Item 16   | Item 16 total payables, is a derived item calculated as the sum of items 16.1 to 16.3 inclusive.Report this item in accordance with AASB 101.54 (k) Disclosure. |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 16.1 | Report accrued expenses.Report this item in accordance with AASB 101.55 Common practice.                                                                        |\n| Item 16.2 | Report dividends payable.                                                                                                                                       |\n| Item 16.3 | Report other payables.Report this item in accordance with AASB 101.55 Common practice.                                                                          |\n\n17. Investment contract liabilities\n\n| Item 17 | Report investment contract liabilities.Report this item in accordance with AASB 101.54 (m). |\n| ------- | ------------------------------------------------------------------------------------------- |\n\n18. Insurance contract liabilities\n\n| Item 18   | Item 18 insurance contract liabilities, is a derived item calculated as the sum of item 18.1 and item 18.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).                              |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18.1 | Report liabilities for incurred claims that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.        |\n| Item 18.2 | Report liabilities for remaining coverage that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n19. Reinsurance contract liabilities\n\n| Item 19   | Item 19 reinsurance contract liabilities, is a derived item calculated as the sum of item 19.1 and item 19.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).                                                                                                             |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 19.1 | Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.       |\n| Item 19.2 | Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n20. Lease liabilities\n\n| Item 20 | Report lease liabilities.Report this item in accordance with AASB 16.47 (b) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------- |\n\n21. Other liabilities\n\n| Item 21       | Item 21 other liabilities, is a derived item calculated as the sum of item 21.1 other financial liabilities and item 21.2 other non-financial liabilities.Report this item in accordance with AASB 101.55 Common practice. |\n| ------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 21.1     | Item 21.1 other financial liabilities, is a derived item calculated as the sum of items 21.1.1 to 21.1.9 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (m) Disclosure.                         |\n| Item 21.1.1   | Report overdrafts.Report this item in accordance with AASB 107.45 Common practice.                                                                                                                                         |\n| Item 21.1.2   | Report securities issued (e.g. promissory notes/commercial paper).Report this item in accordance with AASB 101.55 Common practice.                                                                                         |\n| Item 21.1.3   | Item 21.1.3 term loans, is a derived item. Report item 21.1.3 as the sum of item 21.1.3.1 and item 21.1.3.2.Report this item in accordance with AASB 101.112 (c) Common practice.                                          |\n| Item 21.1.3.1 | Report term loans with a variable interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                             |\n| Item 21.1.3.2 | Report term loans with a fixed interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                                |\n| Item 21.1.4   | Report total borrowings.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                   |\n| Item 21.1.5   | Report securities sold under agreements to repurchase.Report this item in accordance with AASB 101.55 Common practice.                                                                                                     |\n| Item 21.1.6   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                             |\n| Item 21.1.7   | Report loan capital.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                       |\n| Item 21.1.8   | Report hybrid securities.Report this item in accordance with AASB 101.106 (d) Common practice.                                                                                                                             |\n| Item 21.1.9   | Report other financial liabilities - other.Report this item in accordance with AASB 132.11 and AASB 101.55 Common practice.                                                                                                |\n| Item 21.2     | Item 21.2 other non-financial liabilities is a derived item and is calculated as the sum of item 21.2.1 and item 21.2.2.                                                                                                   |\n| Item 21.2.1   | Report net defined benefit liability.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                       |\n| Item 21.2.2   | Report other non-financial liabilities – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                            |\n\n22. Current tax liabilities\n\n| Item 22 | Report current tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------- |\n\n23. Deferred tax liabilities\n\n| Item 23 | Report deferred tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (o) Disclosure, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n24. Provisions\n\n| Item 24   | Item 24 provisions, is a derived item calculated as the sum of items 24.1 to 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 24.1 | Report provisions for restructuring costs.Report this item in accordance with AASB 137.10 and AASB 137.70 Example.                                                                                      |\n| Item 24.2 | Report provisions for employee entitlements.Report this item in accordance with AASB 137.10 and AASB 101.78 (d) Disclosure.                                                                             |\n| Item 24.3 | Report any other provisions not reported in items 24.1 – 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure.                     |\n\n25. Liabilities included in disposal groups classified as held for sale\n\n| Item 25 | Report liabilities included in disposal groups classified as held for sale.Report this item in accordance with AASB 5 Appendix A, AASB 101.54 (p) Disclosure and AASB 5.38 Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n26. Total liabilities\n\n| Item 26 | Item 26 total liabilities, is a derived item calculated as the sum of items 16 to 25 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n27. Net assets\n\n| Item 27 | Item 27 net assets, a derived item calculated as item 15 less item 26.Report this item in accordance with AASB 101.112 (c) Common practice and AASB 1.IG63 Example. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n28. Total equity\n\n| Item 28       | Item 28 total equity is a derived item calculated as the sum of items 28.1 to 28.3 inclusive.Report this item in accordance with AASB 101.55 Disclosure and AASB 101.78 (e) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 28.1     | Item 28.1 total issued capital is a derived item calculated as the sum of items 28.1.1 to 28.1.3.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.1   | Report ordinary shares.Report this item in accordance with AASB 133.5 and AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Item 28.1.2   | Report preference shares.Report this item in accordance with AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.3   | Report other issued capital.Report this item in accordance with AASB 101.79 (a) Disclosure.Report mutual equity interests at this item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| Item 28.2     | Item 28.2 total reserves is a derived item calculated as the sum of items 28.2.1 to 28.2.10 inclusive.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.1   | Report general reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.2   | Report capital profits reserves.Report this item in accordance with AASB 101.108 Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.3   | Item 28.2.3 total asset revaluation reserves is a derived item and is calculated as the sum of item 28.2.3.1 and item 28.2.3.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 28.2.3.1 | Report asset revaluation reserves for property, plant and equipment.Report this item in accordance with AASB 101.108, AASB 16.39 and AASB 116.77 (f) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Item 28.2.3.2 | Report asset revaluation reserves for intangibles.Report this item in accordance with AASB 138.124 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.4   | Report foreign currency translation reserves.Report this item in accordance with AASB 101.78 (e) Common practice, AASB 101.108 and AASB 121.52 (b).                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.5   | Report cash flow hedge reserves.Report this item in accordance with AASB 101.78 (e) Common practice and AASB 9.6.5.11 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.6   | Report share-based payment reserves.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 28.2.7   | Report financial assets at FVOCI.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Item 28.2.8   | Report cost of hedging reserves.Report this item in accordance with AASB 101.108 Example and AASB 9.6.5.16 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Item 28.2.9   | Report insurance/reinsurance finance reserve.Insurance finance reserve represents the reserve of insurance finance income (expenses) from insurance contracts issued excluded from profit or loss. Reinsurance finance reserve represents the reserve of finance income (expenses) from reinsurance contracts held.Report the amount of insurance finance expense or income recognised in other comprehensive income where the entity chooses the accounting policy set out in AASB 17.88(b) or AASB 17.89(b).Report this item in accordance with AASB 101.54 (r) Disclosure, 101.78 (e) Disclosure and AASB 101.108 Example. |\n| Item 28.2.10  | Report other reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.3     | Report retained earnings.Report this item in accordance with AASB 101.IG6 Example and AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |","sortOrder":18},{"sectionNumber":"Unless otherwise specifically stated, re","sectionType":"division","heading":"Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.","content":"# Reporting Standard GRS 300.0\n\n# Statement of Financial Position\n\n## General instructions\n\nThese instructions assist completion of the Reporting Standard GRS 300.0 Statement of Financial Position, which collects information relating to the licensed insurer’s statement of financial position.\n\n### Reporting tables\n\nTables 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.\n\n### General accounting basis\n\n### Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. The AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\nIFRS taxonomy element reference\n\nEach 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 (IASB)) 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:\n\n    (a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n    (b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n    (c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\nAssets for insurance acquisition cash flows\n\nAny assets recognised for insurance acquisition cash flows paid under AASB 17.28B (pre-coverage or relating to renewals) are included as part of the carrying amount of the related portfolios of insurance contracts issued (in accordance with AASB 17.79). Similarly, any assets or liabilities for cash flows related to portfolios of reinsurance contracts held are reported in accordance with AASB 17.79.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\n| Column 1 | Report the amount for inside Australia.                                                 |\n| -------- | --------------------------------------------------------------------------------------- |\n| Column 2 | Report the amount for outside Australia.                                                |\n| Column 3 | Column 3 total amount, is a derived column and is calculated as column 1 plus column 2. |\n\nAssets\n\n1.  Total cash and cash equivalents\n\n| Item 1   | Item 1 total cash and cash equivalents is a derived item calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6. |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report cash.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                             |\n| Item 1.2 | Report cash equivalents.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                 |\n\n2. Total receivables\n\n| Item 2   | Item 2 total receivables is a derived item calculated as the sum of items 2.1 to 2.3 inclusive.Report this item in accordance with AASB 101.54 (h) Disclosure and AASB 101.78 (b) Disclosure. |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 2.1 | Report accrued income receivable.Report this item in accordance with AASB 101.78 (b) Common practice.                                                                                         |\n| Item 2.2 | Report prepayments.Report this item in accordance with AASB 101.78 (b) Example.                                                                                                               |\n| Item 2.3 | Report other receivables.Report this item in accordance with AASB 101.78 (b) Example. Lessors report finance lease receivables at this item.                                                  |\n\n3. Current tax assets\n\n| Item 3 | Report current tax assets.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------- |\n\n4. Total deferred tax assets\n\n| Item 4   | Item 4 total deferred tax assets is a derived item calculated as the sum of item 4.1 and item 4.2.Report this item in accordance with AASB 101.54 (o) Disclosure, AASB 112.5, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure.                                                                                                                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 4.1 | Report unused tax losses.Report this item in accordance with AASB 112.81 (g) Disclosure.Report this amount on an annual basis per that disclosed in the insurer’s yearly statutory accounts. For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report a split, report this in item 4.2 Other deferred tax assets. |\n| Item 4.2 | Report other deferred tax assets.Report this item in accordance with AASB 112.5 and AASB 112.81 (g) Common practice.For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report total deferred tax assets split between items 4.1 and 4.2, report total deferred tax assets here.                                    |\n\n5. Other assets\n\n| Item 5       | Item 5 other assets, is a derived item, calculated as the sum of item 5.1 and item 5.2.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                   |\n| ------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5.1     | Item 5.1 other financial assets, is a derived item calculated as the sum of items 5.1.1 to 5.1.6 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.                                               |\n| Item 5.1.1   | Report investments.Report investment balances that are not reported elsewhere in this Reporting Standard.Report this item in accordance with AASB 101.55 Common practice.                                                                |\n| Item 5.1.2   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                                           |\n| Item 5.1.3   | Report securities purchased under agreement to resell.Report this item in accordance with AASB 101.55 Common practice, AASB 9.3.2.15, AASB 9.3.2.23 (a), AASB 9.B3.2.16 (a)–(c), AASB 7.14, AASB 7.15 and AASB 7.42D (a)–(c) Disclosure. |\n| Item 5.1.4   | Report equities/unit trusts.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                             |\n| Item 5.1.5   | Item 5.1.5 total debt instruments held - non-indexed IBS and indexed IBS, is a derived item calculated as the sum of item 5.1.5.1 and item 5.1.5.2.Report this item in accordance with AASB 101.55 Common practice.                      |\n| Item 5.1.5.1 | Report non-indexed interest-bearing securities (IBS).Report this item in accordance with AASB 101.55 Common practice.                                                                                                                    |\n| Item 5.1.5.2 | Report indexed IBS.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                                      |\n| Item 5.1.6   | Report other financial assets – other.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                                                                    |\n| Item 5.2     | Item 5.2 other non-financial assets, is a derived item calculated as the sum of item 5.2.1 and item 5.2.2.Report this item in accordance with AASB 101.55 Common practice.                                                               |\n| Item 5.2.1   | Report net defined benefit asset.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                                         |\n| Item 5.2.2   | Report other non-financial assets – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                               |\n\n6. Total non-current assets and disposal groups classified as held for sale\n\n| Item 6 | Report total non-current assets and disposal groups classified as held for sale.Report this item in accordance with AASB 101.54 (j) Disclosure, AASB 5 Appendix A and AASB 5.6. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n7. Insurance contract assets\n\n| Item 7   | Item 7 insurance contract assets, is a derived item calculated as the sum of item 7.1 and item 7.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).                                                                                        |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 7.1 | Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.           |\n| Item 7.2 | Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n8. Reinsurance contract assets\n\n| Item 8   | Item 8 reinsurance contract assets, is a derived item calculated as the sum of item 8.1 and item 8.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).                 |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 8.1 | Report assets for incurred claims that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.        |\n| Item 8.2 | Report assets for remaining coverage that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n9. Total investments accounted for using the equity method\n\n| Item 9   | Item 9 total investments accounted for using the equity method is a derived item calculated as the sum of item 9.1 and item 9.2.Report this item in accordance with AASB 128.3, AASB 12.B16 Disclosure, AASB 101.54 (e) Disclosure and AASB 8.24 (a) Disclosure. |\n| -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9.1 | Report investments in associates accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                              |\n| Item 9.2 | Report investments in joint ventures accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                          |\n\n10. Investments in subsidiaries, joint ventures and associates not accounted for using equity method\n\n| Item 10   | Item 10 investments in subsidiaries, joint ventures and associates not accounted for using the equity method, is a derived item calculated as the sum of items 10.1 to 10.3 inclusive.Report this item in accordance with AASB 127.10 Disclosure, AASB 10 Appendix A and AASB 128.3. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 10.1 | Report investments in subsidiaries not accounted for using the equity method.Report this item in accordance with AASB 10 Appendix A and AASB 127.10 Disclosure.                                                                                                                      |\n| Item 10.2 | Report investments in associates not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19                                                                                                            |\n| Item 10.3 | Report investments in joint ventures not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19.                                                                                                       |\n\n11. Total property, plant & equipment net of depreciation/impairment\n\n| Item 11   | Item 11 property, plant and equipment net of depreciation / impairment is a derived item calculated as item 11.1 less item 11.2.Report this item in accordance with AASB 116.6, AASB 116.73 (e) Disclosure and AASB 101.54 (a) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 11.1 | Report property, plant and equipment – gross carrying amount.Report this item in accordance with AASB 116.6 and AASB 116.73 (d) Disclosure                                                                                                 |\n| Item 11.2 | Report property, plant and equipment – accumulated depreciation.Report this item in accordance with AASB 116.75 (b) Disclosure and AASB 116.73 (d) Common practice.                                                                        |\n\n12. Total investment property\n\n| Item 12 | Report total investment property.Report this item in accordance with AASB 101.54 (b) Disclosure, AASB 140.5, AASB 140.79 (d) Disclosure and AASB 140.76 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n13. Right-of-use assets\n\n| Item 13 | Report right-of-use assets.Report this item in accordance with AASB 16.47 (a) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------- |\n\n14. Total intangible assets and goodwill\n\n| Item 14     | Item 14 total intangible assets and goodwill, is a derived item calculated as the sum of item 14.1 and item 14.2 less item 14.3.Report this item in accordance with AASB 3 Appendix A, AASB 138.8 and AASB 138.118 Common practice. |\n| ----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 14.1   | Report goodwill.Report this item in accordance with AASB 3 Appendix A, AASB 136.135 (a) Disclosure, AASB 136.134 (a) Disclosure, AASB 3.B67 (d) Disclosure and AASB 101.54 (c) Disclosure.                                          |\n| Item 14.2   | Item 14.2 intangible assets other than goodwill, is a derived item calculated as the sum of item 14.2.1 and item 14.2.2.Report this item in accordance with AASB 138.8, AASB 101.54 (c) Disclosure and AASB 138.118 (e) Disclosure. |\n| Item 14.2.1 | Report intangible assets with a finite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                               |\n| Item 14.2.2 | Report intangible assets with an indefinite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                          |\n| Item 14.3   | Report total accumulated amortisation and impairment of intangible assets and goodwill.Report this item in accordance with AASB 138.8, AASB 138.118 (c) Disclosure and AASB 3 Appendix A.                                           |\n\n15. Total assets\n\n| Item 15 | Item 15 total assets, is a derived item calculated as the sum of items 1 to 14 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nLiabilities and equity\n\n16. Total payables\n\n| Item 16   | Item 16 total payables, is a derived item calculated as the sum of items 16.1 to 16.3 inclusive.Report this item in accordance with AASB 101.54 (k) Disclosure. |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 16.1 | Report accrued expenses.Report this item in accordance with AASB 101.55 Common practice.                                                                        |\n| Item 16.2 | Report dividends payable.                                                                                                                                       |\n| Item 16.3 | Report other payables.Report this item in accordance with AASB 101.55 Common practice.                                                                          |\n\n17. Investment contract liabilities\n\n| Item 17 | Report investment contract liabilities.Report this item in accordance with AASB 101.54 (m). |\n| ------- | ------------------------------------------------------------------------------------------- |\n\n18. Insurance contract liabilities\n\n| Item 18   | Item 18 insurance contract liabilities, is a derived item calculated as the sum of item 18.1 and item 18.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).                              |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18.1 | Report liabilities for incurred claims that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.        |\n| Item 18.2 | Report liabilities for remaining coverage that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n19. Reinsurance contract liabilities\n\n| Item 19   | Item 19 reinsurance contract liabilities, is a derived item calculated as the sum of item 19.1 and item 19.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).                                                                                                             |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 19.1 | Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.       |\n| Item 19.2 | Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n20. Lease liabilities\n\n| Item 20 | Report lease liabilities.Report this item in accordance with AASB 16.47 (b) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------- |\n\n21. Other liabilities\n\n| Item 21       | Item 21 other liabilities, is a derived item calculated as the sum of item 21.1 other financial liabilities and item 21.2 other non-financial liabilities.Report this item in accordance with AASB 101.55 Common practice. |\n| ------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 21.1     | Item 21.1 other financial liabilities, is a derived item calculated as the sum of items 21.1.1 to 21.1.9 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (m) Disclosure.                         |\n| Item 21.1.1   | Report overdrafts.Report this item in accordance with AASB 107.45 Common practice.                                                                                                                                         |\n| Item 21.1.2   | Report securities issued (e.g. promissory notes/commercial paper).Report this item in accordance with AASB 101.55 Common practice.                                                                                         |\n| Item 21.1.3   | Item 21.1.3 term loans, is a derived item. Report item 21.1.3 as the sum of item 21.1.3.1 and item 21.1.3.2.Report this item in accordance with AASB 101.112 (c) Common practice.                                          |\n| Item 21.1.3.1 | Report term loans with a variable interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                             |\n| Item 21.1.3.2 | Report term loans with a fixed interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                                |\n| Item 21.1.4   | Report total borrowings.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                   |\n| Item 21.1.5   | Report securities sold under agreements to repurchase.Report this item in accordance with AASB 101.55 Common practice.                                                                                                     |\n| Item 21.1.6   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                             |\n| Item 21.1.7   | Report loan capital.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                       |\n| Item 21.1.8   | Report hybrid securities.Report this item in accordance with AASB 101.106 (d) Common practice.                                                                                                                             |\n| Item 21.1.9   | Report other financial liabilities - other.Report this item in accordance with AASB 132.11 and AASB 101.55 Common practice.                                                                                                |\n| Item 21.2     | Item 21.2 other non-financial liabilities is a derived item and is calculated as the sum of item 21.2.1 and item 21.2.2.                                                                                                   |\n| Item 21.2.1   | Report net defined benefit liability.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                       |\n| Item 21.2.2   | Report other non-financial liabilities – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                            |\n\n22. Current tax liabilities\n\n| Item 22 | Report current tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------- |\n\n23. Deferred tax liabilities\n\n| Item 23 | Report deferred tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (o) Disclosure, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n24. Provisions\n\n| Item 24   | Item 24 provisions, is a derived item calculated as the sum of items 24.1 to 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 24.1 | Report provisions for restructuring costs.Report this item in accordance with AASB 137.10 and AASB 137.70 Example.                                                                                      |\n| Item 24.2 | Report provisions for employee entitlements.Report this item in accordance with AASB 137.10 and AASB 101.78 (d) Disclosure.                                                                             |\n| Item 24.3 | Report any other provisions not reported in items 24.1 – 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure.                     |\n\n25. Liabilities included in disposal groups classified as held for sale\n\n| Item 25 | Report liabilities included in disposal groups classified as held for sale.Report this item in accordance with AASB 5 Appendix A, AASB 101.54 (p) Disclosure and AASB 5.38 Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n26. Total liabilities\n\n| Item 26 | Item 26 total liabilities, is a derived item calculated as the sum of items 16 to 25 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n27. Net assets\n\n| Item 27 | Item 27 net assets, a derived item calculated as item 15 less item 26.Report this item in accordance with AASB 101.112 (c) Common practice and AASB 1.IG63 Example. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n28. Total equity\n\n| Item 28       | Item 28 total equity is a derived item calculated as the sum of items 28.1 to 28.3 inclusive.Report this item in accordance with AASB 101.55 Disclosure and AASB 101.78 (e) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 28.1     | Item 28.1 total issued capital is a derived item calculated as the sum of items 28.1.1 to 28.1.3.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.1   | Report ordinary shares.Report this item in accordance with AASB 133.5 and AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Item 28.1.2   | Report preference shares.Report this item in accordance with AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.3   | Report other issued capital.Report this item in accordance with AASB 101.79 (a) Disclosure.Report mutual equity interests at this item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| Item 28.2     | Item 28.2 total reserves is a derived item calculated as the sum of items 28.2.1 to 28.2.10 inclusive.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.1   | Report general reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.2   | Report capital profits reserves.Report this item in accordance with AASB 101.108 Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.3   | Item 28.2.3 total asset revaluation reserves is a derived item and is calculated as the sum of item 28.2.3.1 and item 28.2.3.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 28.2.3.1 | Report asset revaluation reserves for property, plant and equipment.Report this item in accordance with AASB 101.108, AASB 16.39 and AASB 116.77 (f) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Item 28.2.3.2 | Report asset revaluation reserves for intangibles.Report this item in accordance with AASB 138.124 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.4   | Report foreign currency translation reserves.Report this item in accordance with AASB 101.78 (e) Common practice, AASB 101.108 and AASB 121.52 (b).                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.5   | Report cash flow hedge reserves.Report this item in accordance with AASB 101.78 (e) Common practice and AASB 9.6.5.11 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.6   | Report share-based payment reserves.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 28.2.7   | Report financial assets at FVOCI.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Item 28.2.8   | Report cost of hedging reserves.Report this item in accordance with AASB 101.108 Example and AASB 9.6.5.16 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Item 28.2.9   | Report insurance/reinsurance finance reserve.Insurance finance reserve represents the reserve of insurance finance income (expenses) from insurance contracts issued excluded from profit or loss. Reinsurance finance reserve represents the reserve of finance income (expenses) from reinsurance contracts held.Report the amount of insurance finance expense or income recognised in other comprehensive income where the entity chooses the accounting policy set out in AASB 17.88(b) or AASB 17.89(b).Report this item in accordance with AASB 101.54 (r) Disclosure, 101.78 (e) Disclosure and AASB 101.108 Example. |\n| Item 28.2.10  | Report other reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.3     | Report retained earnings.Report this item in accordance with AASB 101.IG6 Example and AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |","sortOrder":19},{"sectionNumber":"References to Australian Accounting Stan","sectionType":"division","heading":"References to Australian Accounting Standards","content":"### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. The AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\nIFRS taxonomy element reference\n\nEach 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 (IASB)) 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:\n\n    (a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n    (b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n    (c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\nAssets for insurance acquisition cash flows\n\nAny assets recognised for insurance acquisition cash flows paid under AASB 17.28B (pre-coverage or relating to renewals) are included as part of the carrying amount of the related portfolios of insurance contracts issued (in accordance with AASB 17.79). Similarly, any assets or liabilities for cash flows related to portfolios of reinsurance contracts held are reported in accordance with AASB 17.79.","sortOrder":20},{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"# Reporting Standard GRS 300.0\n\n# Statement of Financial Position\n\n## General instructions\n\nThese instructions assist completion of the Reporting Standard GRS 300.0 Statement of Financial Position, which collects information relating to the licensed insurer’s statement of financial position.\n\n### Reporting tables\n\nTables 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.\n\n### General accounting basis\n\n### Unless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.\n\n### References to Australian Accounting Standards\n\nEach item reported under this Reporting Standard aligns with the Accounting Standards made by the Australian Accounting Standards Board (AASB). The applicable AASB references are specified with each item. The AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\nIFRS taxonomy element reference\n\nEach 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 (IASB)) 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:\n\n    (a) disclosure—an element of this type depicts a presentation or disclosure requirement of an IFRS/AASB Standard;\n    (b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n    (c) common practice—an element of this type reflects common reporting practice within IFRS/AASB financial statements they not specifically mentioned in IFRS/AASB Standards or their accompanying materials, but are consistent with IFRS/AASB Standards. They have been found to be frequently disclosed across a range of companies and accounting jurisdictions.\n\nAssets for insurance acquisition cash flows\n\nAny assets recognised for insurance acquisition cash flows paid under AASB 17.28B (pre-coverage or relating to renewals) are included as part of the carrying amount of the related portfolios of insurance contracts issued (in accordance with AASB 17.79). Similarly, any assets or liabilities for cash flows related to portfolios of reinsurance contracts held are reported in accordance with AASB 17.79.\n\n  \n\n## Specific instructions\n\n### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.\n\n### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\n| Column 1 | Report the amount for inside Australia.                                                 |\n| -------- | --------------------------------------------------------------------------------------- |\n| Column 2 | Report the amount for outside Australia.                                                |\n| Column 3 | Column 3 total amount, is a derived column and is calculated as column 1 plus column 2. |\n\nAssets\n\n1.  Total cash and cash equivalents\n\n| Item 1   | Item 1 total cash and cash equivalents is a derived item calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6. |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report cash.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                             |\n| Item 1.2 | Report cash equivalents.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                 |\n\n2. Total receivables\n\n| Item 2   | Item 2 total receivables is a derived item calculated as the sum of items 2.1 to 2.3 inclusive.Report this item in accordance with AASB 101.54 (h) Disclosure and AASB 101.78 (b) Disclosure. |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 2.1 | Report accrued income receivable.Report this item in accordance with AASB 101.78 (b) Common practice.                                                                                         |\n| Item 2.2 | Report prepayments.Report this item in accordance with AASB 101.78 (b) Example.                                                                                                               |\n| Item 2.3 | Report other receivables.Report this item in accordance with AASB 101.78 (b) Example. Lessors report finance lease receivables at this item.                                                  |\n\n3. Current tax assets\n\n| Item 3 | Report current tax assets.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------- |\n\n4. Total deferred tax assets\n\n| Item 4   | Item 4 total deferred tax assets is a derived item calculated as the sum of item 4.1 and item 4.2.Report this item in accordance with AASB 101.54 (o) Disclosure, AASB 112.5, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure.                                                                                                                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 4.1 | Report unused tax losses.Report this item in accordance with AASB 112.81 (g) Disclosure.Report this amount on an annual basis per that disclosed in the insurer’s yearly statutory accounts. For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report a split, report this in item 4.2 Other deferred tax assets. |\n| Item 4.2 | Report other deferred tax assets.Report this item in accordance with AASB 112.5 and AASB 112.81 (g) Common practice.For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report total deferred tax assets split between items 4.1 and 4.2, report total deferred tax assets here.                                    |\n\n5. Other assets\n\n| Item 5       | Item 5 other assets, is a derived item, calculated as the sum of item 5.1 and item 5.2.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                   |\n| ------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5.1     | Item 5.1 other financial assets, is a derived item calculated as the sum of items 5.1.1 to 5.1.6 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.                                               |\n| Item 5.1.1   | Report investments.Report investment balances that are not reported elsewhere in this Reporting Standard.Report this item in accordance with AASB 101.55 Common practice.                                                                |\n| Item 5.1.2   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                                           |\n| Item 5.1.3   | Report securities purchased under agreement to resell.Report this item in accordance with AASB 101.55 Common practice, AASB 9.3.2.15, AASB 9.3.2.23 (a), AASB 9.B3.2.16 (a)–(c), AASB 7.14, AASB 7.15 and AASB 7.42D (a)–(c) Disclosure. |\n| Item 5.1.4   | Report equities/unit trusts.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                             |\n| Item 5.1.5   | Item 5.1.5 total debt instruments held - non-indexed IBS and indexed IBS, is a derived item calculated as the sum of item 5.1.5.1 and item 5.1.5.2.Report this item in accordance with AASB 101.55 Common practice.                      |\n| Item 5.1.5.1 | Report non-indexed interest-bearing securities (IBS).Report this item in accordance with AASB 101.55 Common practice.                                                                                                                    |\n| Item 5.1.5.2 | Report indexed IBS.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                                      |\n| Item 5.1.6   | Report other financial assets – other.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                                                                    |\n| Item 5.2     | Item 5.2 other non-financial assets, is a derived item calculated as the sum of item 5.2.1 and item 5.2.2.Report this item in accordance with AASB 101.55 Common practice.                                                               |\n| Item 5.2.1   | Report net defined benefit asset.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                                         |\n| Item 5.2.2   | Report other non-financial assets – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                               |\n\n6. Total non-current assets and disposal groups classified as held for sale\n\n| Item 6 | Report total non-current assets and disposal groups classified as held for sale.Report this item in accordance with AASB 101.54 (j) Disclosure, AASB 5 Appendix A and AASB 5.6. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n7. Insurance contract assets\n\n| Item 7   | Item 7 insurance contract assets, is a derived item calculated as the sum of item 7.1 and item 7.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).                                                                                        |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 7.1 | Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.           |\n| Item 7.2 | Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n8. Reinsurance contract assets\n\n| Item 8   | Item 8 reinsurance contract assets, is a derived item calculated as the sum of item 8.1 and item 8.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).                 |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 8.1 | Report assets for incurred claims that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.        |\n| Item 8.2 | Report assets for remaining coverage that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n9. Total investments accounted for using the equity method\n\n| Item 9   | Item 9 total investments accounted for using the equity method is a derived item calculated as the sum of item 9.1 and item 9.2.Report this item in accordance with AASB 128.3, AASB 12.B16 Disclosure, AASB 101.54 (e) Disclosure and AASB 8.24 (a) Disclosure. |\n| -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9.1 | Report investments in associates accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                              |\n| Item 9.2 | Report investments in joint ventures accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                          |\n\n10. Investments in subsidiaries, joint ventures and associates not accounted for using equity method\n\n| Item 10   | Item 10 investments in subsidiaries, joint ventures and associates not accounted for using the equity method, is a derived item calculated as the sum of items 10.1 to 10.3 inclusive.Report this item in accordance with AASB 127.10 Disclosure, AASB 10 Appendix A and AASB 128.3. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 10.1 | Report investments in subsidiaries not accounted for using the equity method.Report this item in accordance with AASB 10 Appendix A and AASB 127.10 Disclosure.                                                                                                                      |\n| Item 10.2 | Report investments in associates not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19                                                                                                            |\n| Item 10.3 | Report investments in joint ventures not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19.                                                                                                       |\n\n11. Total property, plant & equipment net of depreciation/impairment\n\n| Item 11   | Item 11 property, plant and equipment net of depreciation / impairment is a derived item calculated as item 11.1 less item 11.2.Report this item in accordance with AASB 116.6, AASB 116.73 (e) Disclosure and AASB 101.54 (a) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 11.1 | Report property, plant and equipment – gross carrying amount.Report this item in accordance with AASB 116.6 and AASB 116.73 (d) Disclosure                                                                                                 |\n| Item 11.2 | Report property, plant and equipment – accumulated depreciation.Report this item in accordance with AASB 116.75 (b) Disclosure and AASB 116.73 (d) Common practice.                                                                        |\n\n12. Total investment property\n\n| Item 12 | Report total investment property.Report this item in accordance with AASB 101.54 (b) Disclosure, AASB 140.5, AASB 140.79 (d) Disclosure and AASB 140.76 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n13. Right-of-use assets\n\n| Item 13 | Report right-of-use assets.Report this item in accordance with AASB 16.47 (a) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------- |\n\n14. Total intangible assets and goodwill\n\n| Item 14     | Item 14 total intangible assets and goodwill, is a derived item calculated as the sum of item 14.1 and item 14.2 less item 14.3.Report this item in accordance with AASB 3 Appendix A, AASB 138.8 and AASB 138.118 Common practice. |\n| ----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 14.1   | Report goodwill.Report this item in accordance with AASB 3 Appendix A, AASB 136.135 (a) Disclosure, AASB 136.134 (a) Disclosure, AASB 3.B67 (d) Disclosure and AASB 101.54 (c) Disclosure.                                          |\n| Item 14.2   | Item 14.2 intangible assets other than goodwill, is a derived item calculated as the sum of item 14.2.1 and item 14.2.2.Report this item in accordance with AASB 138.8, AASB 101.54 (c) Disclosure and AASB 138.118 (e) Disclosure. |\n| Item 14.2.1 | Report intangible assets with a finite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                               |\n| Item 14.2.2 | Report intangible assets with an indefinite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                          |\n| Item 14.3   | Report total accumulated amortisation and impairment of intangible assets and goodwill.Report this item in accordance with AASB 138.8, AASB 138.118 (c) Disclosure and AASB 3 Appendix A.                                           |\n\n15. Total assets\n\n| Item 15 | Item 15 total assets, is a derived item calculated as the sum of items 1 to 14 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nLiabilities and equity\n\n16. Total payables\n\n| Item 16   | Item 16 total payables, is a derived item calculated as the sum of items 16.1 to 16.3 inclusive.Report this item in accordance with AASB 101.54 (k) Disclosure. |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 16.1 | Report accrued expenses.Report this item in accordance with AASB 101.55 Common practice.                                                                        |\n| Item 16.2 | Report dividends payable.                                                                                                                                       |\n| Item 16.3 | Report other payables.Report this item in accordance with AASB 101.55 Common practice.                                                                          |\n\n17. Investment contract liabilities\n\n| Item 17 | Report investment contract liabilities.Report this item in accordance with AASB 101.54 (m). |\n| ------- | ------------------------------------------------------------------------------------------- |\n\n18. Insurance contract liabilities\n\n| Item 18   | Item 18 insurance contract liabilities, is a derived item calculated as the sum of item 18.1 and item 18.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).                              |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18.1 | Report liabilities for incurred claims that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.        |\n| Item 18.2 | Report liabilities for remaining coverage that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n19. Reinsurance contract liabilities\n\n| Item 19   | Item 19 reinsurance contract liabilities, is a derived item calculated as the sum of item 19.1 and item 19.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).                                                                                                             |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 19.1 | Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.       |\n| Item 19.2 | Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n20. Lease liabilities\n\n| Item 20 | Report lease liabilities.Report this item in accordance with AASB 16.47 (b) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------- |\n\n21. Other liabilities\n\n| Item 21       | Item 21 other liabilities, is a derived item calculated as the sum of item 21.1 other financial liabilities and item 21.2 other non-financial liabilities.Report this item in accordance with AASB 101.55 Common practice. |\n| ------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 21.1     | Item 21.1 other financial liabilities, is a derived item calculated as the sum of items 21.1.1 to 21.1.9 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (m) Disclosure.                         |\n| Item 21.1.1   | Report overdrafts.Report this item in accordance with AASB 107.45 Common practice.                                                                                                                                         |\n| Item 21.1.2   | Report securities issued (e.g. promissory notes/commercial paper).Report this item in accordance with AASB 101.55 Common practice.                                                                                         |\n| Item 21.1.3   | Item 21.1.3 term loans, is a derived item. Report item 21.1.3 as the sum of item 21.1.3.1 and item 21.1.3.2.Report this item in accordance with AASB 101.112 (c) Common practice.                                          |\n| Item 21.1.3.1 | Report term loans with a variable interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                             |\n| Item 21.1.3.2 | Report term loans with a fixed interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                                |\n| Item 21.1.4   | Report total borrowings.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                   |\n| Item 21.1.5   | Report securities sold under agreements to repurchase.Report this item in accordance with AASB 101.55 Common practice.                                                                                                     |\n| Item 21.1.6   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                             |\n| Item 21.1.7   | Report loan capital.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                       |\n| Item 21.1.8   | Report hybrid securities.Report this item in accordance with AASB 101.106 (d) Common practice.                                                                                                                             |\n| Item 21.1.9   | Report other financial liabilities - other.Report this item in accordance with AASB 132.11 and AASB 101.55 Common practice.                                                                                                |\n| Item 21.2     | Item 21.2 other non-financial liabilities is a derived item and is calculated as the sum of item 21.2.1 and item 21.2.2.                                                                                                   |\n| Item 21.2.1   | Report net defined benefit liability.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                       |\n| Item 21.2.2   | Report other non-financial liabilities – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                            |\n\n22. Current tax liabilities\n\n| Item 22 | Report current tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------- |\n\n23. Deferred tax liabilities\n\n| Item 23 | Report deferred tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (o) Disclosure, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n24. Provisions\n\n| Item 24   | Item 24 provisions, is a derived item calculated as the sum of items 24.1 to 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 24.1 | Report provisions for restructuring costs.Report this item in accordance with AASB 137.10 and AASB 137.70 Example.                                                                                      |\n| Item 24.2 | Report provisions for employee entitlements.Report this item in accordance with AASB 137.10 and AASB 101.78 (d) Disclosure.                                                                             |\n| Item 24.3 | Report any other provisions not reported in items 24.1 – 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure.                     |\n\n25. Liabilities included in disposal groups classified as held for sale\n\n| Item 25 | Report liabilities included in disposal groups classified as held for sale.Report this item in accordance with AASB 5 Appendix A, AASB 101.54 (p) Disclosure and AASB 5.38 Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n26. Total liabilities\n\n| Item 26 | Item 26 total liabilities, is a derived item calculated as the sum of items 16 to 25 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n27. Net assets\n\n| Item 27 | Item 27 net assets, a derived item calculated as item 15 less item 26.Report this item in accordance with AASB 101.112 (c) Common practice and AASB 1.IG63 Example. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n28. Total equity\n\n| Item 28       | Item 28 total equity is a derived item calculated as the sum of items 28.1 to 28.3 inclusive.Report this item in accordance with AASB 101.55 Disclosure and AASB 101.78 (e) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 28.1     | Item 28.1 total issued capital is a derived item calculated as the sum of items 28.1.1 to 28.1.3.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.1   | Report ordinary shares.Report this item in accordance with AASB 133.5 and AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Item 28.1.2   | Report preference shares.Report this item in accordance with AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.3   | Report other issued capital.Report this item in accordance with AASB 101.79 (a) Disclosure.Report mutual equity interests at this item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| Item 28.2     | Item 28.2 total reserves is a derived item calculated as the sum of items 28.2.1 to 28.2.10 inclusive.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.1   | Report general reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.2   | Report capital profits reserves.Report this item in accordance with AASB 101.108 Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.3   | Item 28.2.3 total asset revaluation reserves is a derived item and is calculated as the sum of item 28.2.3.1 and item 28.2.3.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 28.2.3.1 | Report asset revaluation reserves for property, plant and equipment.Report this item in accordance with AASB 101.108, AASB 16.39 and AASB 116.77 (f) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Item 28.2.3.2 | Report asset revaluation reserves for intangibles.Report this item in accordance with AASB 138.124 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.4   | Report foreign currency translation reserves.Report this item in accordance with AASB 101.78 (e) Common practice, AASB 101.108 and AASB 121.52 (b).                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.5   | Report cash flow hedge reserves.Report this item in accordance with AASB 101.78 (e) Common practice and AASB 9.6.5.11 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.6   | Report share-based payment reserves.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 28.2.7   | Report financial assets at FVOCI.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Item 28.2.8   | Report cost of hedging reserves.Report this item in accordance with AASB 101.108 Example and AASB 9.6.5.16 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Item 28.2.9   | Report insurance/reinsurance finance reserve.Insurance finance reserve represents the reserve of insurance finance income (expenses) from insurance contracts issued excluded from profit or loss. Reinsurance finance reserve represents the reserve of finance income (expenses) from reinsurance contracts held.Report the amount of insurance finance expense or income recognised in other comprehensive income where the entity chooses the accounting policy set out in AASB 17.88(b) or AASB 17.89(b).Report this item in accordance with AASB 101.54 (r) Disclosure, 101.78 (e) Disclosure and AASB 101.108 Example. |\n| Item 28.2.10  | Report other reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.3     | Report retained earnings.Report this item in accordance with AASB 101.IG6 Example and AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |","sortOrder":21},{"sectionNumber":"Reporting basis","sectionType":"division","heading":"Reporting basis","content":"### Reporting basis\n\nInformation in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.","sortOrder":22},{"sectionNumber":"Units of measurement","sectionType":"division","heading":"Units of measurement","content":"### Units of measurement\n\nReport values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.\n\nConvert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.\n\n| Column 1 | Report the amount for inside Australia.                                                 |\n| -------- | --------------------------------------------------------------------------------------- |\n| Column 2 | Report the amount for outside Australia.                                                |\n| Column 3 | Column 3 total amount, is a derived column and is calculated as column 1 plus column 2. |\n\nAssets\n\n1.  Total cash and cash equivalents\n\n| Item 1   | Item 1 total cash and cash equivalents is a derived item calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6. |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 1.1 | Report cash.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                             |\n| Item 1.2 | Report cash equivalents.Report this item in accordance with AASB 101.54 (i) Disclosure and AASB 107.6.                                                                                 |\n\n2. Total receivables\n\n| Item 2   | Item 2 total receivables is a derived item calculated as the sum of items 2.1 to 2.3 inclusive.Report this item in accordance with AASB 101.54 (h) Disclosure and AASB 101.78 (b) Disclosure. |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 2.1 | Report accrued income receivable.Report this item in accordance with AASB 101.78 (b) Common practice.                                                                                         |\n| Item 2.2 | Report prepayments.Report this item in accordance with AASB 101.78 (b) Example.                                                                                                               |\n| Item 2.3 | Report other receivables.Report this item in accordance with AASB 101.78 (b) Example. Lessors report finance lease receivables at this item.                                                  |\n\n3. Current tax assets\n\n| Item 3 | Report current tax assets.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------- |\n\n4. Total deferred tax assets\n\n| Item 4   | Item 4 total deferred tax assets is a derived item calculated as the sum of item 4.1 and item 4.2.Report this item in accordance with AASB 101.54 (o) Disclosure, AASB 112.5, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure.                                                                                                                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 4.1 | Report unused tax losses.Report this item in accordance with AASB 112.81 (g) Disclosure.Report this amount on an annual basis per that disclosed in the insurer’s yearly statutory accounts. For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report a split, report this in item 4.2 Other deferred tax assets. |\n| Item 4.2 | Report other deferred tax assets.Report this item in accordance with AASB 112.5 and AASB 112.81 (g) Common practice.For the quarterly returns (not the annual return), when the insurer does not have sufficient information to report total deferred tax assets split between items 4.1 and 4.2, report total deferred tax assets here.                                    |\n\n5. Other assets\n\n| Item 5       | Item 5 other assets, is a derived item, calculated as the sum of item 5.1 and item 5.2.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                   |\n| ------------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5.1     | Item 5.1 other financial assets, is a derived item calculated as the sum of items 5.1.1 to 5.1.6 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (d) Disclosure.                                               |\n| Item 5.1.1   | Report investments.Report investment balances that are not reported elsewhere in this Reporting Standard.Report this item in accordance with AASB 101.55 Common practice.                                                                |\n| Item 5.1.2   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                                           |\n| Item 5.1.3   | Report securities purchased under agreement to resell.Report this item in accordance with AASB 101.55 Common practice, AASB 9.3.2.15, AASB 9.3.2.23 (a), AASB 9.B3.2.16 (a)–(c), AASB 7.14, AASB 7.15 and AASB 7.42D (a)–(c) Disclosure. |\n| Item 5.1.4   | Report equities/unit trusts.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                             |\n| Item 5.1.5   | Item 5.1.5 total debt instruments held - non-indexed IBS and indexed IBS, is a derived item calculated as the sum of item 5.1.5.1 and item 5.1.5.2.Report this item in accordance with AASB 101.55 Common practice.                      |\n| Item 5.1.5.1 | Report non-indexed interest-bearing securities (IBS).Report this item in accordance with AASB 101.55 Common practice.                                                                                                                    |\n| Item 5.1.5.2 | Report indexed IBS.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                                      |\n| Item 5.1.6   | Report other financial assets – other.Report this item in accordance with AASB 101.54 (d) Disclosure.                                                                                                                                    |\n| Item 5.2     | Item 5.2 other non-financial assets, is a derived item calculated as the sum of item 5.2.1 and item 5.2.2.Report this item in accordance with AASB 101.55 Common practice.                                                               |\n| Item 5.2.1   | Report net defined benefit asset.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                                         |\n| Item 5.2.2   | Report other non-financial assets – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                               |\n\n6. Total non-current assets and disposal groups classified as held for sale\n\n| Item 6 | Report total non-current assets and disposal groups classified as held for sale.Report this item in accordance with AASB 101.54 (j) Disclosure, AASB 5 Appendix A and AASB 5.6. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n7. Insurance contract assets\n\n| Item 7   | Item 7 insurance contract assets, is a derived item calculated as the sum of item 7.1 and item 7.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a), AASB 17.100 Disclosure and AASB 101.54 (da).                                                                                        |\n| -------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 7.1 | Report assets for incurred claims (being the asset equivalent of the liabilities for incurred claims) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.           |\n| Item 7.2 | Report assets for remaining coverage (being the asset equivalent of the liabilities for remaining coverage) that are presented as insurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (a) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n8. Reinsurance contract assets\n\n| Item 8   | Item 8 reinsurance contract assets, is a derived item calculated as the sum of item 8.1 and item 8.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c), AASB 17.100 Disclosure and AASB 101.54 (da).                 |\n| -------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 8.1 | Report assets for incurred claims that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (da) Disclosure.        |\n| Item 8.2 | Report assets for remaining coverage that are presented as reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (c) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (da) Disclosure. |\n\n9. Total investments accounted for using the equity method\n\n| Item 9   | Item 9 total investments accounted for using the equity method is a derived item calculated as the sum of item 9.1 and item 9.2.Report this item in accordance with AASB 128.3, AASB 12.B16 Disclosure, AASB 101.54 (e) Disclosure and AASB 8.24 (a) Disclosure. |\n| -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9.1 | Report investments in associates accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                              |\n| Item 9.2 | Report investments in joint ventures accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.16.                                                                                          |\n\n10. Investments in subsidiaries, joint ventures and associates not accounted for using equity method\n\n| Item 10   | Item 10 investments in subsidiaries, joint ventures and associates not accounted for using the equity method, is a derived item calculated as the sum of items 10.1 to 10.3 inclusive.Report this item in accordance with AASB 127.10 Disclosure, AASB 10 Appendix A and AASB 128.3. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 10.1 | Report investments in subsidiaries not accounted for using the equity method.Report this item in accordance with AASB 10 Appendix A and AASB 127.10 Disclosure.                                                                                                                      |\n| Item 10.2 | Report investments in associates not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19                                                                                                            |\n| Item 10.3 | Report investments in joint ventures not accounted for using the equity method.Report this item in accordance with AASB 101.55 Common practice, AASB 128.3 and AASB 128.17-19.                                                                                                       |\n\n11. Total property, plant & equipment net of depreciation/impairment\n\n| Item 11   | Item 11 property, plant and equipment net of depreciation / impairment is a derived item calculated as item 11.1 less item 11.2.Report this item in accordance with AASB 116.6, AASB 116.73 (e) Disclosure and AASB 101.54 (a) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 11.1 | Report property, plant and equipment – gross carrying amount.Report this item in accordance with AASB 116.6 and AASB 116.73 (d) Disclosure                                                                                                 |\n| Item 11.2 | Report property, plant and equipment – accumulated depreciation.Report this item in accordance with AASB 116.75 (b) Disclosure and AASB 116.73 (d) Common practice.                                                                        |\n\n12. Total investment property\n\n| Item 12 | Report total investment property.Report this item in accordance with AASB 101.54 (b) Disclosure, AASB 140.5, AASB 140.79 (d) Disclosure and AASB 140.76 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n13. Right-of-use assets\n\n| Item 13 | Report right-of-use assets.Report this item in accordance with AASB 16.47 (a) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------- |\n\n14. Total intangible assets and goodwill\n\n| Item 14     | Item 14 total intangible assets and goodwill, is a derived item calculated as the sum of item 14.1 and item 14.2 less item 14.3.Report this item in accordance with AASB 3 Appendix A, AASB 138.8 and AASB 138.118 Common practice. |\n| ----------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 14.1   | Report goodwill.Report this item in accordance with AASB 3 Appendix A, AASB 136.135 (a) Disclosure, AASB 136.134 (a) Disclosure, AASB 3.B67 (d) Disclosure and AASB 101.54 (c) Disclosure.                                          |\n| Item 14.2   | Item 14.2 intangible assets other than goodwill, is a derived item calculated as the sum of item 14.2.1 and item 14.2.2.Report this item in accordance with AASB 138.8, AASB 101.54 (c) Disclosure and AASB 138.118 (e) Disclosure. |\n| Item 14.2.1 | Report intangible assets with a finite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                               |\n| Item 14.2.2 | Report intangible assets with an indefinite life.Report this item in accordance with AASB 138.8, AASB 136.135 (b) Disclosure, AASB 138.122 (a) Disclosure and AASB 136.134 (b) Disclosure.                                          |\n| Item 14.3   | Report total accumulated amortisation and impairment of intangible assets and goodwill.Report this item in accordance with AASB 138.8, AASB 138.118 (c) Disclosure and AASB 3 Appendix A.                                           |\n\n15. Total assets\n\n| Item 15 | Item 15 total assets, is a derived item calculated as the sum of items 1 to 14 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------- |\n\nLiabilities and equity\n\n16. Total payables\n\n| Item 16   | Item 16 total payables, is a derived item calculated as the sum of items 16.1 to 16.3 inclusive.Report this item in accordance with AASB 101.54 (k) Disclosure. |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 16.1 | Report accrued expenses.Report this item in accordance with AASB 101.55 Common practice.                                                                        |\n| Item 16.2 | Report dividends payable.                                                                                                                                       |\n| Item 16.3 | Report other payables.Report this item in accordance with AASB 101.55 Common practice.                                                                          |\n\n17. Investment contract liabilities\n\n| Item 17 | Report investment contract liabilities.Report this item in accordance with AASB 101.54 (m). |\n| ------- | ------------------------------------------------------------------------------------------- |\n\n18. Insurance contract liabilities\n\n| Item 18   | Item 18 insurance contract liabilities, is a derived item calculated as the sum of item 18.1 and item 18.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b), AASB 17.100 and AASB 101.54 (ma).                              |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18.1 | Report liabilities for incurred claims that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.        |\n| Item 18.2 | Report liabilities for remaining coverage that are presented as insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (b) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n19. Reinsurance contract liabilities\n\n| Item 19   | Item 19 reinsurance contract liabilities, is a derived item calculated as the sum of item 19.1 and item 19.2.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) and AASB 101.54 (ma).                                                                                                             |\n| --------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 19.1 | Report liabilities for incurred claims (being the liability equivalent of the assets for incurred claims) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (c) Disclosure and AASB 101.54 (ma) Disclosure.       |\n| Item 19.2 | Report liabilities for remaining coverage (being the liability equivalent of assets for remaining coverage) that are presented as reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A, AASB 17.78 (d) Disclosure, AASB 17.100 (a)-(b) Disclosure and AASB 101.54 (ma) Disclosure. |\n\n20. Lease liabilities\n\n| Item 20 | Report lease liabilities.Report this item in accordance with AASB 16.47 (b) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------- |\n\n21. Other liabilities\n\n| Item 21       | Item 21 other liabilities, is a derived item calculated as the sum of item 21.1 other financial liabilities and item 21.2 other non-financial liabilities.Report this item in accordance with AASB 101.55 Common practice. |\n| ------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 21.1     | Item 21.1 other financial liabilities, is a derived item calculated as the sum of items 21.1.1 to 21.1.9 inclusive.Report this item in accordance with AASB 132.11 and AASB 101.54 (m) Disclosure.                         |\n| Item 21.1.1   | Report overdrafts.Report this item in accordance with AASB 107.45 Common practice.                                                                                                                                         |\n| Item 21.1.2   | Report securities issued (e.g. promissory notes/commercial paper).Report this item in accordance with AASB 101.55 Common practice.                                                                                         |\n| Item 21.1.3   | Item 21.1.3 term loans, is a derived item. Report item 21.1.3 as the sum of item 21.1.3.1 and item 21.1.3.2.Report this item in accordance with AASB 101.112 (c) Common practice.                                          |\n| Item 21.1.3.1 | Report term loans with a variable interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                             |\n| Item 21.1.3.2 | Report term loans with a fixed interest rate.Report this item in accordance with AASB 7.39 Common practice.                                                                                                                |\n| Item 21.1.4   | Report total borrowings.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                   |\n| Item 21.1.5   | Report securities sold under agreements to repurchase.Report this item in accordance with AASB 101.55 Common practice.                                                                                                     |\n| Item 21.1.6   | Report derivative financial instruments.Report this item in accordance with AASB 101.55 Common practice and AASB 9 Appendix A.                                                                                             |\n| Item 21.1.7   | Report loan capital.Report this item in accordance with AASB 101.55 Common practice.                                                                                                                                       |\n| Item 21.1.8   | Report hybrid securities.Report this item in accordance with AASB 101.106 (d) Common practice.                                                                                                                             |\n| Item 21.1.9   | Report other financial liabilities - other.Report this item in accordance with AASB 132.11 and AASB 101.55 Common practice.                                                                                                |\n| Item 21.2     | Item 21.2 other non-financial liabilities is a derived item and is calculated as the sum of item 21.2.1 and item 21.2.2.                                                                                                   |\n| Item 21.2.1   | Report net defined benefit liability.Report this item in accordance with AASB 119.8 and AASB 119.63.                                                                                                                       |\n| Item 21.2.2   | Report other non-financial liabilities – other.Report this item in accordance with AASB 101.55 Common practice.                                                                                                            |\n\n22. Current tax liabilities\n\n| Item 22 | Report current tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (n) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------- |\n\n23. Deferred tax liabilities\n\n| Item 23 | Report deferred tax liabilities.Report this item in accordance with AASB 112.5 and AASB 101.54 (o) Disclosure, AASB 112.81 (g) (i) Disclosure and AASB 101.56 Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n24. Provisions\n\n| Item 24   | Item 24 provisions, is a derived item calculated as the sum of items 24.1 to 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure. |\n| --------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 24.1 | Report provisions for restructuring costs.Report this item in accordance with AASB 137.10 and AASB 137.70 Example.                                                                                      |\n| Item 24.2 | Report provisions for employee entitlements.Report this item in accordance with AASB 137.10 and AASB 101.78 (d) Disclosure.                                                                             |\n| Item 24.3 | Report any other provisions not reported in items 24.1 – 24.3 inclusive.Report this item in accordance with AASB 137.10, AASB 137.84 (a) Disclosure and AASB 101.78 (d) Disclosure.                     |\n\n25. Liabilities included in disposal groups classified as held for sale\n\n| Item 25 | Report liabilities included in disposal groups classified as held for sale.Report this item in accordance with AASB 5 Appendix A, AASB 101.54 (p) Disclosure and AASB 5.38 Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n26. Total liabilities\n\n| Item 26 | Item 26 total liabilities, is a derived item calculated as the sum of items 16 to 25 inclusive.Report this item in accordance with AASB 101.55 Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n27. Net assets\n\n| Item 27 | Item 27 net assets, a derived item calculated as item 15 less item 26.Report this item in accordance with AASB 101.112 (c) Common practice and AASB 1.IG63 Example. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n28. Total equity\n\n| Item 28       | Item 28 total equity is a derived item calculated as the sum of items 28.1 to 28.3 inclusive.Report this item in accordance with AASB 101.55 Disclosure and AASB 101.78 (e) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| ------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 28.1     | Item 28.1 total issued capital is a derived item calculated as the sum of items 28.1.1 to 28.1.3.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.1   | Report ordinary shares.Report this item in accordance with AASB 133.5 and AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |\n| Item 28.1.2   | Report preference shares.Report this item in accordance with AASB 101.79 (a) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |\n| Item 28.1.3   | Report other issued capital.Report this item in accordance with AASB 101.79 (a) Disclosure.Report mutual equity interests at this item.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |\n| Item 28.2     | Item 28.2 total reserves is a derived item calculated as the sum of items 28.2.1 to 28.2.10 inclusive.Report this item in accordance with AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.1   | Report general reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.2   | Report capital profits reserves.Report this item in accordance with AASB 101.108 Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.3   | Item 28.2.3 total asset revaluation reserves is a derived item and is calculated as the sum of item 28.2.3.1 and item 28.2.3.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |\n| Item 28.2.3.1 | Report asset revaluation reserves for property, plant and equipment.Report this item in accordance with AASB 101.108, AASB 16.39 and AASB 116.77 (f) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                              |\n| Item 28.2.3.2 | Report asset revaluation reserves for intangibles.Report this item in accordance with AASB 138.124 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |\n| Item 28.2.4   | Report foreign currency translation reserves.Report this item in accordance with AASB 101.78 (e) Common practice, AASB 101.108 and AASB 121.52 (b).                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |\n| Item 28.2.5   | Report cash flow hedge reserves.Report this item in accordance with AASB 101.78 (e) Common practice and AASB 9.6.5.11 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.2.6   | Report share-based payment reserves.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |\n| Item 28.2.7   | Report financial assets at FVOCI.Report this item in accordance with AASB 101.78 (e) Common practice.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |\n| Item 28.2.8   | Report cost of hedging reserves.Report this item in accordance with AASB 101.108 Example and AASB 9.6.5.16 Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |\n| Item 28.2.9   | Report insurance/reinsurance finance reserve.Insurance finance reserve represents the reserve of insurance finance income (expenses) from insurance contracts issued excluded from profit or loss. Reinsurance finance reserve represents the reserve of finance income (expenses) from reinsurance contracts held.Report the amount of insurance finance expense or income recognised in other comprehensive income where the entity chooses the accounting policy set out in AASB 17.88(b) or AASB 17.89(b).Report this item in accordance with AASB 101.54 (r) Disclosure, 101.78 (e) Disclosure and AASB 101.108 Example. |\n| Item 28.2.10  | Report other reserves.Report this item in accordance with AASB 101.106 Disclosure and AASB 101.79 (b) Disclosure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |\n| Item 28.3     | Report retained earnings.Report this item in accordance with AASB 101.IG6 Example and AASB 101.78 (e) Example.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |\n|               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |","sortOrder":23}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"_metrics":{"completionTokens":649},"content_quality":"ok","complexity_score":8,"scope_assessment":{"changed":false,"description":"This appears to be a standard technical update to reporting requirements, replacing a previous version (as noted in the transition provisions). The scope remains tightly focused on financial position reporting for general insurers — no significant expansion beyond the original prudential data collection purpose."},"complexity_factors":["Extensive cross-referencing to external accounting standards (AASB 101, AASB 17, AASB 112, AASB 116, AASB 132, etc.)","Deeply nested item structure with up to 4 levels of sub-items (e.g., 28.2.3.1)","Numerous 'derived items' requiring calculations from multiple other items","IFRS Taxonomy element references with three classification types (disclosure, example, common practice)","Conditional reporting rules (e.g., quarterly vs annual treatment of deferred tax assets)","Multiple defined terms imported from Prudential Standard GPS 001","Geographic split requirement (inside/outside Australia) with derived totals","Transition provisions requiring dual reporting under old and new standards","Digital signature and authorisation requirements with specific officer roles"],"plain_english_summary":"This reporting standard tells general insurers (including foreign branches) exactly what financial data to send APRA — primarily a detailed Statement of Financial Position — and how (electronic submissions with digital signatures), when (quarterly and annual deadlines), and under what accounting standards (AASB, including AASB 17). It also requires auditor review of reporting systems. APRA uses the data for prudential supervision to ensure insurers can meet claims and remain solvent."},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"This Standard replaces the previous reporting standard for insurers and restates and reorganises the statement-of-financial-position reporting requirements, aligning the dataset to current AASB/IFRS taxonomy and adding explicit operational requirements (electronic submission, digital signature, auditor testing). Those are implementation and format updates rather than a substantial expansion of scope: the legislative purpose—collection of prudential data for supervision and capital assessment—remains unchanged (Purpose, para 2). The Standard does add more granular, explicit field-level detail and formalises auditor assurance and digital submission procedures, but it does not materially broaden the population required to report or the core supervisory purpose compared with the previous standard (Application and commencement, para 3; Transition, para 16)."},"complexity_factors":["Extensive length with repeated and deeply detailed reporting table instructions (Items 1–28 with many nested sub-items and sub-sub-items).","Large number of cross-references to external instruments and accounting standards (AASB standards, IFRS Taxonomy, GPS 001, Insurance Act) (paras 17–18; Specific instructions).","Multiple conditional rules and exceptions: quarterly vs annual reporting, transition rules for the old standard, APRA discretion to vary reporting frequency or content for particular insurers (paras 6–9, 15–16).","Quality assurance and audit layering: required Appointed Auditor reviews, minimum assurance engagement standard and linkage to Insurance Act auditor certificate obligations (para 10; Note on auditor’s certificate).","Data-format and submission constraints: electronic-only submission methods, required digital certificates, and inside/outside Australia column logic (paras 5, 12; Specific instructions).","Derived-field logic throughout (many items are calculated sums of sub-items) increasing mapping and validation complexity (multiple item descriptions).","Numerous defined terms and reliance on defined terms from other instruments (Prudential Standard GPS 001, Insurance Act, AASB references) (para 17).","Reporting granularity includes accounting classification nuance (e.g., AASB 17 insurance contract splits, deferred tax split guidance for quarterly vs annual) which raises judgement and data-extraction complexity (Specific instructions for Items 4, 7, 8, etc.)."],"plain_english_summary":"**What this instrument does (mechanics)\n\n- Replaces the old APRA reporting standard for general insurers' statement of financial position with a new Reporting Standard GRS 300.0 (the Standard). It mandates the exact dataset and the format in which licensed general insurers must report their balance-sheet items to APRA (see Application and commencement, para 3; Information required, para 4).\n- Specifies frequency and timing: quarterly returns (each quarter of the insurer's financial year) and an annual return; deadlines are 20 business days for quarterly and three months for annual unless APRA changes them for a particular insurer (paras 6–9). APRA may change required frequency by written notice (para 7 and para 15).\n- Prescribes submission method (electronic, via APRA’s website or another method notified by APRA) and digital signature/authorisation requirements for the submitting officer or agent (paras 5, 12–14).\n- Sets quality control and assurance requirements: the insurer’s Appointed Auditor must review and test the insurer’s reporting systems, processes and controls at least annually and perform at least a limited assurance engagement consistent with auditing standards (para 10). The Board and senior management must maintain internal review and authorisation procedures (para 11).\n- Lays out the detailed reporting table structure and field-level requirements for assets, liabilities and equity items (Items 1–28 and sub-items), including how to present inside/outside Australia columns, units (whole AUD), derived totals and the applicable AASB (accounting) references for each field (Specific instructions; Reporting tables; References to Australian Accounting Standards).\n- Provides transition rules to the old standard for reporting periods that ended before 1 July 2023 but were due after revocation of the old standard (para 16), and confirms cross‑references to defined terms in GPS 001 and other instruments (para 17–18).\n\n\nWhat APRA says the purpose is\n\n- APRA states the data are collected for prudential supervision, including assessing compliance with capital standards (Purpose, para 2).\n\n\nWho this affects and who pays\n\n- Affects: all general insurers authorised under the Insurance Act 1973 (insurers) (para 3; Interpretation, para 17).\n- Who pays: insurers bear the direct costs — preparing and submitting detailed returns, maintaining or upgrading IT systems to map accounting records to APRA’s required fields, auditor fees for the required reviews/limited assurance engagements, and staff time for governance and data-authorisation processes (paras 5, 10–14; Specific instructions on data fields).\n- Who decides: APRA sets the reporting content and can vary an individual insurer’s reporting requirements or timing by written notice (paras 7, 15). The insurer’s Board/PEO/CFO must authorise submissions and set internal controls (paras 11, 14).\n\n\nBehavioural and operational effects (how it changes what insurers do)\n\n- Insurers must map their accounting ledgers and AASB statements to APRA’s itemised fields (Items 1–28 and sub-items). That requires IT/data mapping and ongoing maintenance whenever accounting policy or product mix changes (Specific instructions; References to AASB Standards).\n- Insurers must run and evidence auditor testing of reporting systems and maintain internal authorisation procedures (paras 10–11). That shifts some risk-management resources toward reporting governance.\n- Agents may submit on an insurer’s behalf but the insurer must obtain and retain a copy of the submitted information (para 13). Officers/agents must digitally sign submissions with APRA‑acceptable digital certificates (para 12).\n- APRA will receive more granular and standardised balance-sheet data (including inside/outside Australia split and many AASB-aligned fields), which supports capital assessment and supervisory analytics (Specific instructions; Purpose, para 2).\n\n\nCosts, incentives, trade-offs and implementation risk\n\n- Compliance cost: detailed field-level mapping (many sub-items and derived totals) increases implementation and recurring reporting cost, especially for smaller insurers that lack in-house reporting platforms. Audit costs increase due to the required auditor review and limited assurance engagement (para 10; Specific instructions).\n- Concentrated benefit / diffuse cost: APRA benefits (better data for supervision) are concentrated; costs are borne across insurers. Larger firms with better data infrastructure will find it easier to absorb costs, which may advantage them in reporting efficiency.\n- Incentive effects: insurers are incentivised to harden data controls and align accounting policies with APRA’s taxonomy. That may improve internal financial governance but diverts resources from other activities (opportunity cost).\n- Implementation risk: mapping to the extensive set of AASB references and IFRS taxonomy elements risks inconsistencies across insurers and potential data quality issues, particularly during transition periods (Specific instructions; References to AASB Standards; Transition, para 16).\n- Regulatory discretion and uncertainty: APRA may vary frequency or content for individual insurers by notice (paras 7, 15). This gives supervisory flexibility but creates some unpredictability for insurers’ reporting planning.\n\n\nEffects on markets and competition (short summary)\n\n- Direct market distortions are limited: the Standard is a reporting, not a conduct, measure. However, compliance costs are larger for small operators, so there is a potential scale effect: economies of scale in reporting could favour larger insurers (Specific instructions; para 10).\n- No direct controls on pricing, underwriting or ownership are imposed by this instrument; those remain governed by other prudential instruments. The Standard does, however, increase transparency for APRA’s prudential oversight (Purpose, para 2).\n\n\nKey operational takeaways for an insurer\n\n- Start or maintain a mapping from your accounting system (AASB/IFRS) to APRA’s itemised fields (Items 1–28 and sub-items).\n- Ensure submission infrastructure supports APRA’s electronic method, digital certificates and the inside/outside Australia split (paras 5, 12; Specific instructions).\n- Schedule auditor testing and limited assurance engagements annually (or more often if needed) and integrate the auditor’s testing into your reporting timetable (para 10; Note on annual auditor certificate).\n- Maintain Board-level policies and procedures for internal review and authorisation of APRA submissions (para 11).\n\n\nAuthoritative references used in this summary: Application and commencement (para 3); Reporting periods and due dates (paras 6–9); Quality control and audit requirements (para 10); Authorisation (paras 12–14); Variations (para 15); Transition (para 16); Interpretation/definitions (paras 17–18); Specific instructions and reporting items (Items 1–28 and sub-items)."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-79-of-2023/documents"}}