{"id":"F2023L00715","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2023","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":104441,"registerId":"commonwealth-F2023L00715-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"Reporting Standard GRS 320.0","sectionType":"part","heading":"Reporting Standard GRS 320.0","content":"## ![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a general insurer’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\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\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n#### Purpose\n\n2. 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 does not apply to a Category C insurer if the insurer or its foreign parent are not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. 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    (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 the first half-year 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 half-yearly 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#### Interpretation\n\n16. 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\nCategory C insurer means a ‘foreign general insurer’ defined under subsection 3(1) of the Insurance Act. A Category C insurer is a foreign insurer operating as a foreign branch in Australia and could be a branch of a foreign mutual or shareholder company.\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\n17. 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":"Liability Roll Forwards","sectionType":"part","heading":"Liability Roll Forwards","content":"## ![Commonwealth Coat of Arms of Australia](image.001.png)\n\n# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a general insurer’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\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\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.\n\n#### Purpose\n\n2. 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 does not apply to a Category C insurer if the insurer or its foreign parent are not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. 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    (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 the first half-year 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 half-yearly 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#### Interpretation\n\n16. 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\nCategory C insurer means a ‘foreign general insurer’ defined under subsection 3(1) of the Insurance Act. A Category C insurer is a foreign insurer operating as a foreign branch in Australia and could be a branch of a foreign mutual or shareholder company.\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\n17. 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":"division","heading":"Objective of this Reporting Standard","content":"### Objective of this Reporting Standard\n\nThis Reporting Standard sets out requirements for the provision of information to APRA relating to a general insurer’s reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts.\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":"subdivision","heading":"Authority","content":"#### Authority\n\n1.  This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.","sortOrder":3},{"sectionNumber":"Purpose","sectionType":"subdivision","heading":"Purpose","content":"#### Purpose\n\n2. 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":"subdivision","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 does not apply to a Category C insurer if the insurer or its foreign parent are not required to prepare general purpose financial statements in accordance with AASB 17 Insurance Contracts. This Reporting Standard applies for reporting periods ending on or after 1 July 2023.","sortOrder":5},{"sectionNumber":"Information required","sectionType":"subdivision","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":"subdivision","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    (b) by a method notified by APRA prior to submission.","sortOrder":7},{"sectionNumber":"Reporting periods and due dates","sectionType":"subdivision","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 the first half-year 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 half-yearly 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":"subdivision","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":"subdivision","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":"subdivision","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":"Interpretation","sectionType":"subdivision","heading":"Interpretation","content":"#### Interpretation\n\n16. 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\nCategory C insurer means a ‘foreign general insurer’ defined under subsection 3(1) of the Insurance Act. A Category C insurer is a foreign insurer operating as a foreign branch in Australia and could be a branch of a foreign mutual or shareholder company.\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\n17. 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":12},{"sectionNumber":"General instructions","sectionType":"part","heading":"General instructions","content":"# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.","sortOrder":15},{"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":16},{"sectionNumber":"General accounting basis","sectionType":"division","heading":"General accounting basis","content":"### General accounting basis\n\nUnless otherwise specifically stated, reporting insurers are to report in accordance with the relevant Australian Accounting Standards.","sortOrder":17},{"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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.","sortOrder":18},{"sectionNumber":"IFRS taxonomy element reference","sectionType":"division","heading":"IFRS taxonomy element reference","content":"### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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.","sortOrder":19},{"sectionNumber":"Definitions","sectionType":"division","heading":"Definitions","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":20},{"sectionNumber":"Terms that are highlighted in bold itali","sectionType":"division","heading":"Terms that are highlighted in bold italics are defined in these instructions.","content":"### Terms that are highlighted in bold italics are defined in these instructions.","sortOrder":21},{"sectionNumber":"Specific instructions","sectionType":"part","heading":"Specific instructions","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":22},{"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":23},{"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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.","sortOrder":24},{"sectionNumber":"Part A","sectionType":"part","heading":": Insurance contracts issued (direct business/inwards reinsurance)","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":25},{"sectionNumber":"Liability Roll Forward 1 — Reconciliatio","sectionType":"division","heading":"Liability Roll Forward 1 — Reconciliation of the liability for remaining coverage and the liability for incurred claims","content":"### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |","sortOrder":26},{"sectionNumber":"Item 1: Opening insurance contract liabi","sectionType":"subdivision","heading":"Item 1: Opening insurance contract liabilities","content":"#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":27},{"sectionNumber":"Item 2: Opening insurance contract asset","sectionType":"subdivision","heading":"Item 2: Opening insurance contract assets","content":"#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":28},{"sectionNumber":"Item 3: Net balance as at beginning of r","sectionType":"subdivision","heading":"Item 3: Net balance as at beginning of reporting period","content":"#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |","sortOrder":29},{"sectionNumber":"Changes in the statement of profit or lo","sectionType":"division","heading":"Changes in the statement of profit or loss and OCI","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":30},{"sectionNumber":"Item 4: Insurance revenue","sectionType":"subdivision","heading":"Item 4: Insurance revenue","content":"#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |","sortOrder":31},{"sectionNumber":"Items 5-11: Insurance service expenses","sectionType":"subdivision","heading":"Items 5-11: Insurance service expenses","content":"#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |","sortOrder":32},{"sectionNumber":"Item 12: Investment components and premi","sectionType":"subdivision","heading":"Item 12: Investment components and premium refunds","content":"#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":33},{"sectionNumber":"Item 13: Insurance service result","sectionType":"subdivision","heading":"Item 13: Insurance service result","content":"#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |","sortOrder":34},{"sectionNumber":"Item 14: Finance expenses from insurance","sectionType":"subdivision","heading":"Item 14: Finance expenses from insurance contracts issued","content":"#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":35},{"sectionNumber":"Item 15: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 15: Effect of movements in exchange rates","content":"#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |","sortOrder":36},{"sectionNumber":"Item 16: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 16: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":37},{"sectionNumber":"Cash flows","sectionType":"division","heading":"Cash flows","content":"### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.","sortOrder":38},{"sectionNumber":"Items 17-20: Cash flows","sectionType":"subdivision","heading":"Items 17-20: Cash flows","content":"#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |","sortOrder":39},{"sectionNumber":"Items 21-24: Other movements in the net ","sectionType":"subdivision","heading":"Items 21-24: Other movements in the net balance","content":"#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |","sortOrder":40},{"sectionNumber":"Item 25: Net balance as at end of report","sectionType":"subdivision","heading":"Item 25: Net balance as at end of reporting period","content":"#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":41},{"sectionNumber":"Item 26: Closing insurance contract liab","sectionType":"subdivision","heading":"Item 26: Closing insurance contract liabilities","content":"#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":42},{"sectionNumber":"Item 27: Closing insurance contract asse","sectionType":"subdivision","heading":"Item 27: Closing insurance contract assets","content":"#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":43},{"sectionNumber":"Item 28: Net balance as at end of report","sectionType":"subdivision","heading":"Item 28: Net balance as at end of reporting period","content":"#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":44},{"sectionNumber":"Liability Roll Forward 2 — Reconciliatio","sectionType":"division","heading":"Liability Roll Forward 2 — Reconciliation of the measurement components of insurance contract balances","content":"### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |","sortOrder":45},{"sectionNumber":"Items 4-7: Changes that relate to curren","sectionType":"subdivision","heading":"Items 4-7: Changes that relate to current services","content":"#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |","sortOrder":50},{"sectionNumber":"Items 8-11: Changes that relate to futur","sectionType":"subdivision","heading":"Items 8-11: Changes that relate to future services","content":"#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |","sortOrder":51},{"sectionNumber":"Item 12: Changes that relate to past ser","sectionType":"subdivision","heading":"Item 12: Changes that relate to past services - Changes to liabilities for incurred claims","content":"#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":52},{"sectionNumber":"Item 14: Finance expenses or income from","sectionType":"subdivision","heading":"Item 14: Finance expenses or income from insurance contracts issued","content":"#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":54},{"sectionNumber":"Item 17: Premiums received","sectionType":"subdivision","heading":"Item 17: Premiums received","content":"#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":58},{"sectionNumber":"Item 18: Claims and other expenses paid","sectionType":"subdivision","heading":"Item 18: Claims and other expenses paid","content":"#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |","sortOrder":59},{"sectionNumber":"Item 19: Insurance acquisition cash flow","sectionType":"subdivision","heading":"Item 19: Insurance acquisition cash flows paid","content":"#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":60},{"sectionNumber":"Item 20: Total cash flows","sectionType":"subdivision","heading":"Item 20: Total cash flows","content":"#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |","sortOrder":61},{"sectionNumber":"Items 26-28: Closing balances","sectionType":"subdivision","heading":"Items 26-28: Closing balances","content":"#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |","sortOrder":64},{"sectionNumber":"Part B","sectionType":"part","heading":": Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":65},{"sectionNumber":"Item 1: Opening reinsurance contract ass","sectionType":"subdivision","heading":"Item 1: Opening reinsurance contract assets","content":"#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":67},{"sectionNumber":"Item 2: Opening reinsurance contract lia","sectionType":"subdivision","heading":"Item 2: Opening reinsurance contract liabilities","content":"#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":68},{"sectionNumber":"Net income (expenses) from reinsurance c","sectionType":"division","heading":"Net income (expenses) from reinsurance contracts held","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":70},{"sectionNumber":"Item 4: Reinsurance expenses: Allocation","sectionType":"subdivision","heading":"Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer","content":"#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":71},{"sectionNumber":"Item 5: Recoveries of incurred claims an","sectionType":"subdivision","heading":"Item 5: Recoveries of incurred claims and other insurance service expenses","content":"#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":72},{"sectionNumber":"Item 6: Recoveries and reversals of reco","sectionType":"subdivision","heading":"Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts","content":"#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":73},{"sectionNumber":"Item 7: Changes that relate to past serv","sectionType":"subdivision","heading":"Item 7: Changes that relate to past service: Changes to assets for incurred claims","content":"#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":74},{"sectionNumber":"Item 8: Amounts recoverable from reinsur","sectionType":"subdivision","heading":"Item 8: Amounts recoverable from reinsurers","content":"#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":75},{"sectionNumber":"Item 9: Investment components and premiu","sectionType":"subdivision","heading":"Item 9: Investment components and premium refunds","content":"#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":76},{"sectionNumber":"Item 10: Cost of retroactive cover on re","sectionType":"subdivision","heading":"Item 10: Cost of retroactive cover on reinsurance contracts held","content":"#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":77},{"sectionNumber":"Item 11: Impairment of assets for insura","sectionType":"subdivision","heading":"Item 11: Impairment of assets for insurance acquisition cash flows","content":"#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":78},{"sectionNumber":"Item 12: Reversal of impairment of asset","sectionType":"subdivision","heading":"Item 12: Reversal of impairment of assets for insurance acquisition cash flows","content":"#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":79},{"sectionNumber":"Item 13: Net income (expenses) from rein","sectionType":"subdivision","heading":"Item 13: Net income (expenses) from reinsurance contracts held","content":"#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":80},{"sectionNumber":"Item 14: Effect of changes in non-perfor","sectionType":"subdivision","heading":"Item 14: Effect of changes in non-performance risk of reinsurers","content":"#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":81},{"sectionNumber":"Item 15: Finance income from reinsurance","sectionType":"subdivision","heading":"Item 15: Finance income from reinsurance contracts held","content":"#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":82},{"sectionNumber":"Item 16: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 16: Effect of movements in exchange rates","content":"#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |","sortOrder":83},{"sectionNumber":"Item 17: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 17: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":84},{"sectionNumber":"Item 18: Premiums paid","sectionType":"subdivision","heading":"Item 18: Premiums paid","content":"#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |","sortOrder":86},{"sectionNumber":"Item 19: Amounts received","sectionType":"subdivision","heading":"Item 19: Amounts received","content":"#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |","sortOrder":87},{"sectionNumber":"Item 20: Insurance acquisition cash flow","sectionType":"subdivision","heading":"Item 20: Insurance acquisition cash flows","content":"#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":88},{"sectionNumber":"Item 21: Total cash flows","sectionType":"subdivision","heading":"Item 21: Total cash flows","content":"#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |","sortOrder":89},{"sectionNumber":"Items 22-24: Other movements in the net ","sectionType":"subdivision","heading":"Items 22-24: Other movements in the net balance","content":"#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |","sortOrder":90},{"sectionNumber":"Item 26: Net balance as at end of report","sectionType":"subdivision","heading":"Item 26: Net balance as at end of reporting period","content":"#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":91},{"sectionNumber":"Item 27: Closing reinsurance contract as","sectionType":"subdivision","heading":"Item 27: Closing reinsurance contract assets","content":"#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":92},{"sectionNumber":"Item 28: Closing reinsurance contract li","sectionType":"subdivision","heading":"Item 28: Closing reinsurance contract liabilities","content":"#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":93},{"sectionNumber":"Item 29: Net balance as at end of report","sectionType":"subdivision","heading":"Item 29: Net balance as at end of reporting period","content":"#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":94},{"sectionNumber":"Items 8-12: Changes that relate to futur","sectionType":"subdivision","heading":"Items 8-12: Changes that relate to future services","content":"#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |","sortOrder":101},{"sectionNumber":"Item 13: Changes that relate to past ser","sectionType":"subdivision","heading":"Item 13: Changes that relate to past services - changes to assets for incurred claims","content":"#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":102},{"sectionNumber":"Item 14: Net income (expenses) from rein","sectionType":"subdivision","heading":"Item 14: Net income (expenses) from reinsurance contracts held","content":"#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":103},{"sectionNumber":"Item 15: Effect of changes in non-perfor","sectionType":"subdivision","heading":"Item 15: Effect of changes in non-performance risk of reinsurers","content":"#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |","sortOrder":104},{"sectionNumber":"Item 16: Finance income (expenses) from ","sectionType":"subdivision","heading":"Item 16: Finance income (expenses) from reinsurance contracts held","content":"#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":105},{"sectionNumber":"Item 17: Effect of movements in exchange","sectionType":"subdivision","heading":"Item 17: Effect of movements in exchange rates","content":"#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |","sortOrder":106},{"sectionNumber":"Item 18: Total amounts recognised in the","sectionType":"subdivision","heading":"Item 18: Total amounts recognised in the statement of profit or loss and OCI","content":"#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":107},{"sectionNumber":"Report items 19-21 based on AASB 17.98 a","sectionType":"subdivision","heading":"Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.","content":"# Reporting Standard GRS 320.0\n\n# Liability Roll Forwards\n\n# General instructions\n\nThese instructions assist completion of Reporting Standard GRS 320.0 Liability Roll Forwards, which collects information relating to reconciliations of insurance contract liabilities required by AASB 17 Insurance Contracts (AASB 17). These instructions also apply to roll forwards of assets for insurance acquisition cash flows and reinsurance contracts held.\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\nUnless 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. AASB reference provides a written description of the accounting meaning of an IFRS Taxonomy element.\n\n### IFRS 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\n(b) example—an element of this type represents an example provided in an IFRS/AASB Standard or its accompanying materials; and\n\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\n### Definitions\n\n### Terms that are highlighted in bold italics are defined in these instructions.\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\nDirect business is any insurance business written / insurance contracts issued by the reporting insurer.\n\nInwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.\n\n## Part A: Insurance contracts issued (direct business/inwards reinsurance)\n\n### Liability Roll Forward 1 – Reconciliation of the liability for remaining coverage and the liability for incurred claims\n\nReport the items in the table based on AASB 17.100 requirements to provide reconciliation from the opening to the closing balances of the liabilities for remaining coverage (LRC) and liabilities for incurred claims (LIC). Report the reconciliation from the opening to the closing balance of assets for insurance acquisition cash flows based on the insurer’s interpretation of AASB 17.105A and AASB 17.105B requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report liabilities for remaining coverage excluding loss component for the current reporting period.Where a group of contracts meets the requirements under AASB 17.20, report these contracts in this column.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (a) Disclosure.                                    |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss component of liabilities for remaining coverage for the current reporting period.Report this item in accordance with AASB 17 Appendix A, AASB 17.100 (b) Disclosure.                                                                                                                                                    |\n| Column 3 | Report liabilities for incurred claims from contracts not measured under the Premium Allocation Approach (PAA) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) Disclosure.                                                                                                  |\n| Column 4 | For liabilities for incurred claims from contracts measured under the PAA, report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (i) Disclosure.                                                                   |\n| Column 5 | For liabilities for incurred claims from contracts measured under PAA, report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                   |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Item 4: Insurance revenue\n\n| Item 4 | Report insurance revenue.Report this item in accordance with AASB 17.103 (a) Disclosure. |\n| ------ | ---------------------------------------------------------------------------------------- |\n\n#### Items 5-11: Insurance service expenses\n\n| Item 5  | Report incurred claims and other expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure.                                                                                                                                                |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n| Item 6  | Report insurance acquisition cash flows amortisation.Report this item in accordance with AASB 17.103 (b) (ii) Disclosure.                                                                                                                                    |\n| Item 7  | Report changes that relate to future service: losses on onerous contracts and reversals of those losses.Report this item in accordance with AASB 17.103 (b) (iv) Disclosure.                                                                                 |\n| Item 8  | Report changes that relate to past service: changes to liabilities for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.                                                                                                 |\n| Item 9  | Report impairment of assets for insurance acquisition cash flows.Report this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply.            |\n| Item 10 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Item 11 | Item 11, insurance service expenses, is a derived item and is calculated as the sum of items 5 to 10 inclusive.                                                                                                                                              |\n\n#### Item 12: Investment components and premium refunds\n\n| Item 12 | Report investment components and premium refundsReport this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 4, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses from insurance contracts issued\n\n| Item 14 | Report finance expenses from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Items 17-20: Cash flows\n\n| Item 17 | Report premiums received.Report this item in accordance with AASB 17.105 (a) (i) Disclosure.                                                                        |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 18 | Report claims and other expenses paid, including investment components.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (iii) Disclosure. |\n| Item 19 | Report insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure.         |\n| Item 20 | Item 20, cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive.                                                                    |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing insurance contract liabilities\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing insurance contract assets\n\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n  \n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of insurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.101 requirements.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening insurance contract liabilities\n\n| Item 1 | Report opening insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening insurance contract assets\n\n| Item 2 | Report opening insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services provided.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, total changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                     |\n\n#### Items 8-11: Changes that relate to future services\n\n| Item 8  | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                                                  |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in estimates that do not adjust the CSM, i.e. losses on groups of onerous contracts and reversals of such losses.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (ii) Disclosure. |\n| Item 10 | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                                                   |\n| Item 11 | Item 11, total changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 10 inclusive.                                                                                           |\n\n#### Item 12: Changes that relate to past services - Changes to liabilities for incurred claims\n\n| Item 12 | Report changes that relate to past services - changes to liabilities for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 13: Insurance service result\n\n| Item 13 | Item 13, insurance service result, is a derived item and is calculated as the sum of item 7, item 11 and item 12. |\n| ------- | ----------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Finance expenses or income from insurance contracts issued\n\n| Item 14 | Report finance expenses or income from insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of movements in exchange rates\n\n| Item 15 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 16 | Item 16, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 15 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 17-20 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 17: Premiums received\n\n| Item 17 | Report premiums received for insurance contracts issued.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (i) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Claims and other expenses paid\n\n| Item 18 | Report claims and other expenses paid.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------- |\n\n#### Item 19: Insurance acquisition cash flows paid\n\n| Item 19 | Report insurance acquisition cash flows paid.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (a) (ii) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 20: Total cash flows\n\n| Item 20 | Item 20, total cash flows, is a derived item and is calculated as the sum of items 17 to 19 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 21-24: Other movements in the net balance\n\n| Item 21 | Report allocation from assets for insurance acquisition cash flows to groups of insurance contracts.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 22 | Report other movements in the net balance that are related to acquisitions/disposals/portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                               |\n| Item 23 | Report other movements in the net balance not reported at items 21 and 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                              |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of items 21 to 23 inclusive.                                                                                                                                               |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 16, item 20 and item 24. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Items 26-28: Closing balances\n\n| Item 26 | Report closing insurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------- |\n| Item 27 | Report closing insurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure.      |\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27.          |\n\n  \n\n## Part B: Reinsurance contracts held (outwards reinsurance by cedant/retrocedent)\n\n### Liability Roll Forward 1 – Reconciliation of the asset for remaining coverage and the asset for incurred claims\n\nReport the items in the table based on AASB 17.98, AASB 17.100, AASB 17.105A and AASB105B requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report assets for remaining coverage excluding loss-recovery component for the current reporting period.Report this item in accordance with AASB 17.100 (a) Disclosure.                                                                                                                                                                 |\n| -------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the loss-recovery component of assets for remaining coverage for the current reporting period.Report this item in accordance with AASB 17.66B and 17.100 (b) Disclosure.                                                                                                                                                         |\n| Column 3 | For contracts not measured under the Premium Allocation Approach (PAA), report assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) Disclosure.                                                                                                                              |\n| Column 4 | For contracts measured under PAA, report estimates of the present value of the future cash flows of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17.100 (c) (i) Disclosure.                                                                                                     |\n| Column 5 | For contracts measured under PAA, report the risk adjustment for non-financial risk of assets for incurred claims for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.100 (c) (ii) Disclosure.                                                                                          |\n| Column 6 | Report assets for insurance acquisition cash flows recognised applying AASB 17 paragraph 28B for the current reporting period.Report this item in accordance with AASB 17 Appendix A Defined terms, AASB 17.105A Disclosure and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| Column 7 | Column 7, total current reporting period, is a derived column and is calculated as the sum of columns 1 to 6.                                                                                                                                                                                                                           |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Net income (expenses) from reinsurance contracts held\n\n#### Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer\n\n| Item 4 | Report reinsurance expenses: allocation of premiums paid to the reinsurer.It is requested that the entity present this item separately from amounts recoverable from reinsurers reported at items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 and AASB 17.103 (a) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 5: Recoveries of incurred claims and other insurance service expenses\n\n| Item 5 | Report recoveries of incurred claims and other insurance service expenses.Report this item in accordance with AASB 17.103 (b) (i) Disclosure and AASB 17.103 (b) (ii) Disclosure. Report recoveries of amortisation of insurance acquisition cash flows if applicable. |\n| ------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 6: Recoveries and reversals of recoveries of losses on onerous underlying contracts\n\n| Item 6 | Report recoveries and reversals of recoveries of losses on onerous underlying contractsReport this item in accordance with AASB 17.103 (b) (iv) Disclosure. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 7: Changes that relate to past service: Changes to assets for incurred claims\n\n| Item 7 | Report changes that relate to past service: Changes to assets for incurred claims.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 8: Amounts recoverable from reinsurers\n\n| Item 8 | Item 8, amounts recoverable from reinsurers, is a derived item and is calculated as the sum of items 5 to 7 inclusive.Report this item in accordance with AASB 17.86 Disclosure and AASB 17.103 (b) Disclosure. |\n| ------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 9: Investment components and premium refunds\n\n| Item 9 | Report investment components and premium refunds.Report this item in accordance with AASB 17 Appendix A and AASB 17.103 (c) Disclosure.Premium refunds may also be netted against the premiums received as disclosed under AASB 17.105 (a) (i). |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 10: Cost of retroactive cover on reinsurance contracts held\n\n| Item 10 | Report cost of retroactive cover on reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.65A Disclosure.Insurers can either report cost of retroactive cover on reinsurance contracts held in this item or include it as part of Item 4: Reinsurance expenses: Allocation of premiums paid to the reinsurer. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 11: Impairment of assets for insurance acquisition cash flows\n\n| Item 11 | Report impairment of assets for insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 12: Reversal of impairment of assets for insurance acquisition cash flows\n\n| Item 12 | Report reversal of impairment of assets for insurance acquisition cash flowsReport this item in accordance with AASB 17 Appendix A, AASB 17.105A and AASB 17.105B Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 13: Net income (expenses) from reinsurance contracts held\n\n| Item 13 | Item, 13 net income (expenses) from reinsurance contracts held, is derived and is calculated as the sum of item 4, and items 8 to 12 inclusive. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Effect of changes in non-performance risk of reinsurers\n\n| Item 14 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 15: Finance income from reinsurance contracts held\n\n| Item 15 | Report finance income from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 16: Effect of movements in exchange rates\n\n| Item 16 | Report effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------ |\n\n#### Item 17: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 17 | Item 17, total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 13 to 16 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\nReport items 18-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 18: Premiums paid\n\n| Item 18 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 19: Amounts received\n\n| Item 19 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 20: Insurance acquisition cash flows\n\n| Item 20 | Report insurance acquisition cash flows in accordance with AASB 17 Appendix A, AASB 17.105 (a) (ii) Disclosure and AASB 17.105A Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of items 18 to 20 inclusive. |\n| ------- | ------------------------------------------------------------------------------------------------------ |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report allocation from assets for insurance acquisition cash flows to groups of reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105A Disclosure.Based on the insurer’s interpretation of AASB 17.105A, this item may not apply. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                 |\n| Item 24 | Report other movements in the net balance not reported at items 22 and 23.Report this item in accordance with AASB 17.105 (d) Disclosure.                                                                                                                                     |\n| Item 25 | Item 25, other movements in the net balance, is a derived item and is calculated as the sum of items 22 to 24 inclusive.                                                                                                                                                      |\n\n#### Item 26: Net balance as at end of reporting period\n\n| Item 26 | Item 26, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 3, item 17, item 21 and item 25. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract assets\n\n| Item 27 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Closing reinsurance contract liabilities\n\n| Item 28 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 29: Net balance as at end of reporting period\n\n| Item 29 | Item 29, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 27 and item 28. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |\n\n### Liability Roll Forward 2 – Reconciliation of the measurement components of reinsurance contract balances\n\nFor contracts not measured under the PAA, report the items in the table based on AASB 17.98 and AASB 17.101 requirements to provide separate reconciliations for insurance contracts issued and reinsurance contracts held.\n\nReport zero values for line items if they are not applicable.\n\n| Column 1 | Report estimates of the present value of the future cash flows for the current reporting period.Report this item in accordance with AASB 17.101 (a) Disclosure.           |\n| -------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Column 2 | Report the risk adjustment for non-financial risk for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (b) Disclosure. |\n| Column 3 | Report the contractual service margin (CSM) for the current reporting period.Report this item in accordance with AASB 17 Appendix A and AASB 17.101 (c) Disclosure.       |\n| Column 4 | Column 4, total current reporting period, is a derived column and is calculated as the sum of columns 1-3.                                                                |\n\n#### Item 1: Opening reinsurance contract assets\n\n| Item 1 | Report opening reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 2: Opening reinsurance contract liabilities\n\n| Item 2 | Report opening reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------ | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 3: Net balance as at beginning of reporting period\n\n| Item 3 | Item 3, net balance as at beginning of reporting period, is a derived item and is calculated as the sum of item 1 and item 2. |\n| ------ | ----------------------------------------------------------------------------------------------------------------------------- |\n\n### Changes in the statement of profit or loss and OCI\n\n#### Items 4-7: Changes that relate to current services\n\n| Item 4 | Report CSM recognised for services received.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (i) Disclosure.                               |\n| ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 5 | Report change in risk adjustment for non-financial risk for risk expired.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (ii) Disclosure. |\n| Item 6 | Report experience adjustments.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (b) (iii) Disclosure.                                           |\n| Item 7 | Item 7, changes that relate to current services, is a derived item and is calculated as the sum of items 4 to 6 inclusive.                                           |\n\n#### Items 8-12: Changes that relate to future services\n\n| Item 8  | Report contracts initially recognised in the period.Report this item in accordance with AASB 17.104 (a) (iii) Disclosure.                                                                               |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 9  | Report changes in recoveries of losses on onerous underlying contracts that adjust the CSM.Report this item in accordance with AASB 17 Appendix A, AASB 17.105 (d) and AASB 17.66 (ba)–(bb) Disclosure. |\n| Item 10 | Report changes in estimates that adjust the CSM.Report this item in accordance with AASB 17 Appendix A and AASB 17.104 (a) (i) Disclosure.                                                              |\n| Item 11 | Report changes in estimates that relate to losses and reversals of losses on onerous underlying contracts that do not adjust the CSM.Report this item in accordance with AASB 17.104 (a) (ii).          |\n| Item 12 | Item 12, changes that relate to future services, is a derived item and is calculated as the sum of items 8 to 11 inclusive.                                                                             |\n\n#### Item 13: Changes that relate to past services - changes to assets for incurred claims\n\n| Item 13 | Report changes that relate to past services – changes to assets for incurred claims.Report this item in accordance with AASB 17.104 (c) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 14: Net income (expenses) from reinsurance contracts held\n\n| Item 14 | Item 14, net income (expenses) from reinsurance contracts held, is a derived item and is calculated as the sum of item 7, item 12 and item 13 inclusive. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 15: Effect of changes in non-performance risk of reinsurers\n\n| Item 15 | Report effect of changes in non-performance risk of reinsurers.Report this item in accordance with AASB 17.105 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------ |\n\n#### Item 16: Finance income (expenses) from reinsurance contracts held\n\n| Item 16 | Report finance income (expenses) from reinsurance contracts held.Report this item in accordance with AASB 17 Appendix A and AASB 17.105 (c) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 17: Effect of movements in exchange rates\n\n| Item 17 | Report the effect of movements in exchange rates.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------------------------------- |\n\n#### Item 18: Total amounts recognised in the statement of profit or loss and OCI\n\n| Item 18 | Item, 18 total amounts recognised in the statement of profit or loss and OCI, is a derived item and is calculated as the sum of items 14 to 17 inclusive. |\n| ------- | --------------------------------------------------------------------------------------------------------------------------------------------------------- |\n\n### Cash flows\n\n#### Report items 19-21 based on AASB 17.98 and 17.105 (a) requirements.\n\n#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |\n\n#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |\n\n#### Item 21: Total cash flows\n\n| Item 21 | Item 21, total cash flows, is a derived item and is calculated as the sum of item 19 and item 20. |\n| ------- | ------------------------------------------------------------------------------------------------- |\n\n#### Items 22-24: Other movements in the net balance\n\n| Item 22 | Report other movements in the net balance that are related to acquisitions, disposals, or portfolio transfers.Report this item in accordance with AASB 17.105 (d) Disclosure. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |\n| Item 23 | Report other movements in the net balance not reported at item 22.Report this item in accordance with AASB 17.105 (d) Disclosure.                                             |\n| Item 24 | Item 24, other movements in the net balance, is a derived item and is calculated as the sum of item 22 and item 23.                                                           |\n\n#### Item 25: Net balance as at end of reporting period\n\n| Item 25 | Item 25 net balance as at end of reporting period is a derived item and is calculated as the sum of item 3, item 18, item 21 and item 24. |\n| ------- | ----------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |\n\n#### Item 28: Net balance as at end of reporting period\n\n| Item 28 | Item 28, net balance as at end of reporting period, is a derived item and is calculated as the sum of item 26 and item 27. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------- |","sortOrder":109},{"sectionNumber":"Item 19: Premiums paid","sectionType":"subdivision","heading":"Item 19: Premiums paid","content":"#### Item 19: Premiums paid\n\n| Item 19 | Report premiums paid.Report this item in accordance with AASB 17.105 (a) (i) Disclosure. |\n| ------- | ---------------------------------------------------------------------------------------- |","sortOrder":110},{"sectionNumber":"Item 20: Amounts received","sectionType":"subdivision","heading":"Item 20: Amounts received","content":"#### Item 20: Amounts received\n\n| Item 20 | Report amounts received.Report this item in accordance with AASB 17.105 (a) (iii) Disclosure. |\n| ------- | --------------------------------------------------------------------------------------------- |","sortOrder":111},{"sectionNumber":"Item 26: Closing reinsurance contract as","sectionType":"subdivision","heading":"Item 26: Closing reinsurance contract assets","content":"#### Item 26: Closing reinsurance contract assets\n\n| Item 26 | Report closing reinsurance contract assets.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | -------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":115},{"sectionNumber":"Item 27: Closing reinsurance contract li","sectionType":"subdivision","heading":"Item 27: Closing reinsurance contract liabilities","content":"#### Item 27: Closing reinsurance contract liabilities\n\n| Item 27 | Report closing reinsurance contract liabilities.Report this item in accordance with AASB 17 Appendix A and AASB 17.99 (b) Disclosure. |\n| ------- | ------------------------------------------------------------------------------------------------------------------------------------- |","sortOrder":116}],"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":689},"content_quality":"ok","complexity_score":9,"scope_assessment":{"changed":false,"description":"The scope remains tightly focused on its original purpose: implementing AASB 17 disclosure requirements for general insurers through standardized APRA reporting. The standard does not expand beyond insurance contract liability reconciliations and associated reinsurance disclosures."},"complexity_factors":["57 distinct reporting items across multiple reconciliation tables","Extensive cross-referencing to AASB 17 Insurance Contracts standard (paragraphs 17.98-17.105B)","Dual reporting structures required: one for insurance contracts issued, one for reinsurance contracts held","Multiple derived items requiring complex calculations (e.g., Item 25 = Item 3 + Item 16 + Item 20 + Item 24)","Conditional applicability based on Premium Allocation Approach (PAA) vs general model","Nested definitions referencing other prudential standards (GPS 001, GRS 001, GPS 310)","Foreign currency conversion requirements (AASB 121)","Multiple reporting timelines with APRA discretion to modify (paragraphs 6-9)","Quality control requirements involving Appointed Auditor limited assurance engagements","Digital signature and authorisation requirements from CEO or CFO"],"plain_english_summary":"APRA’s reporting standard requires Australian general insurers to submit electronic, auditor-reviewed liability “roll forward” reconciliations under IFRS 17, showing how insurance and reinsurance contract liabilities move each period. It applies to authorised general insurers (with some foreign-branch exceptions), with half‑yearly and annual deadlines, and gives APRA detailed, standardized data to assess insurers’ reserves, risk management and prudential soundness."},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"This Determination implements a detailed data collection template aligned to AASB 17 for general insurers. It does not materially broaden or repurpose APRA’s data collection mandate beyond the original intent (prudential supervision and capital assessment) but operationalises it with granular templates, auditor assurance requirements and APRA discretion to vary reporting frequency. The only substantive narrowing is the explicit non‑application to some Category C (foreign branch) entities where neither the insurer nor foreign parent prepares AASB 17 general purpose financial statements (para 3). APRA’s power to vary requirements for particular insurers (paras 7 and 15) allows targeted changes but does not represent a scope expansion of APRA’s prudential collection powers under the Financial Sector (Collection of Data) Act."},"complexity_factors":["Very long document with extensive repetition across Parts A and B and multiple duplicated instruction blocks","Four distinct roll‑forward templates (Part A Roll Forward 1 & 2; Part B Roll Forward 1 & 2) each with ~28–29 numbered items and derived fields","Numerous defined terms and cross‑references: reliance on GPS 001 definitions and repeated cross‑references to many AASB 17 paragraphs (dozens of external references)","Conditional logic and exceptions: applicability carve‑out for Category C insurers (para 3), insurer interpretation notes (AASB 17.105A/105B may not apply), and APRA discretion to change frequency/requirements (paras 7 and 15)","Audit and assurance layering: statutory account treatment for annual data, Appointed Auditor testing frequency and limited assurance engagement requirements (paras 10–11)","Multiple derived fields and repeated summation rules (many items are 'derived' as sums of other items) increasing mapping and validation complexity","Technical accounting content mapped to IFRS/AASB taxonomy elements (requires actuarial and accounting expertise to populate correctly)","Operational controls and authorisation requirements (digital certificates, agent rules, board responsibility) add governance complexity (paras 11–14)"],"plain_english_summary":"**What this instrument does (mechanically)\n\n- Sets mandatory data fields and instructions that all APRA‑authorised general insurers must submit to APRA about their AASB 17 insurance contract reconciliations (liability roll‑forwards). (Authority: para 1; Application: para 3)\n- Requires reporting on two main areas for both direct business and reinsurance held: (a) reconciliations of liabilities/assets for remaining coverage and incurred claims (\"Roll Forward 1\"); and (b) reconciliations of the measurement components (present value of cash flows, risk adjustment, contractual service margin (CSM)) for contracts not using the Premium Allocation Approach (\"Roll Forward 2\"). (Part A and Part B tables)\n- Specifies reporting frequency, formats, delivery rules, and timing: half‑yearly and annual by default, electronic submission and digital signature requirements, with explicit due dates and APRA power to change reporting frequency for particular insurers. (Reporting periods paras 6–9; Method of submission para 5; Authorisation paras 12–14)\n- Imposes audit and quality‑control requirements: the insurer’s Appointed Auditor must review and test systems, processes and controls and provide at least a limited assurance engagement; information forming part of yearly statutory accounts must be audited consistent with the Insurance Act. (Quality control paras 10–11; Reporting periods note)\n- Gives APRA operational discretion to vary reporting obligations for particular insurers and to notify alternative submission methods. (Variations para 15; Method of submission para 5(b))\n\n**Who it affects and who decides\n\n- Who pays/compiles the reports: APRA‑authorised general insurers (including branches of foreign insurers except some Category C carve‑outs). These insurers must prepare, validate, and submit the data. (Application para 3; Interpretation para 16)\n- Who verifies: the insurer’s Appointed Auditor must review and provide assurance on controls and data. (Quality control paras 10–11)\n- Who decides content and frequency: APRA defines the standard fields and may vary requirements for individual insurers by written notice. Insurer boards and senior management are responsible for internal authorisation and controls over submitted data. (Variations para 15; Authorisation para 14; Quality control para 11)\n\n**Why APRA says it matters (stated purpose) and how that translates to concrete effects\n\n- Stated purpose: APRA will use this information for prudential supervision, including assessing compliance with capital standards. (Purpose para 2)\n\nTesting that claim against trade‑offs and concrete mechanisms:\n- Benefits to APRA and market: standardised, structured data aligned to AASB 17 reduces information gaps for supervision and supports consistent capital assessment and comparability across insurers. The roll‑forward tables map directly to AASB 17 disclosures, so APRA can reconcile regulatory supervision with accounting outcomes (see table fields cross‑referenced to AASB 17 sections throughout).\n- Costs to insurers: requires systems to produce the specified fields (Level 1 / licensed insurer basis), process controls, auditor involvement, and possibly foreign‑currency conversion (Units of measurement). These impose direct compliance costs (IT, model documentation, auditor fees) and ongoing operating costs for half‑yearly and annual submissions. (Specific instructions; Units of measurement)\n- Implementation risk & inconsistency: the Standard repeatedly instructs insurers to report \"based on the insurer’s interpretation\" of certain AASB 17 paragraphs (e.g. AASB 17.105A/105B). That produces room for divergent reporting approaches across insurers and increases APRA’s need to interpret submissions. (Multiple table notes referencing AASB 17.105A/105B)\n- Incentives and behavioural effects: insurers will invest in controls, accounting and actuarial processes to avoid adverse supervisory findings. Smaller insurers and foreign branches (Category C) may face proportionally higher compliance burdens; APRA may reduce frequency for some insurers (para 7), but can also require more frequent reporting in particular circumstances (para 7), creating asymmetric administrative risk.\n\n**Concrete obligations that change behaviour (who acts and how)\n\n- Insurers must adapt accounting and data systems to produce the roll‑forward tables mapped to AASB 17 items (LRC, LIC, CSM, risk adjustment, PV of cash flows, insurance acquisition cash flows). (General instructions; Part A/B tables)\n- Boards and senior management must maintain authorisation policies and sign‑off processes for data sent to APRA. (Quality control para 11; Authorisation para 14)\n- Appointed Auditors must perform review and limited assurance procedures over controls and data, and auditors must provide statutory certificates where the data form part of yearly statutory accounts. (Quality control paras 10–11; Reporting periods note)\n- Agents can submit on insurers' behalf, but insurers must retain copies and maintain authorisation. (Authorisation paras 12–13)\n\n**Implementation & compliance risks to watch**\n\n- Divergent interpretations of AASB 17 items (notably AASB 17.105A) risk inconsistent datasets across the industry.\n- APRA’s discretion to vary requirements (para 7 and para 15) can increase unpredictability and planning costs for insurers.\n- The repeated, granular mapping to AASB 17 means insurers must align actuarial models, accounting journals, and data extract logic precisely to avoid reconciliation issues with auditors and APRA.\n\n**Market‑effects checklist (how private enterprise is affected)**\n\n- Competition: standard reporting may level supervision across firms but raises absolute compliance costs that burden smaller operators more (Category C carve‑out narrows application where parent reporting covers AASB 17). (Application para 3)\n- Prices & productivity: compliance costs are likely to be passed into operating expenses; insurers may respond by raising prices, reducing distribution costs, or investing in automation to recover productivity.\n- Ownership / contract freedom: the Standard does not change commercial contract law; it affects internal accounting and disclosure only.\n- Ability of independents: small or foreign branches may face higher relative fixed costs; APRA can tailor frequency for particular insurers, which can mitigate or exacerbate that effect. (para 7)\n\n**Bottom line (plain)**\n\n- This is a technical reporting standard that requires APRA‑authorised general insurers to submit detailed AASB 17‑aligned reconciliations of insurance contract liabilities and related items, with auditor assurance and digital submission controls. APRA will use the data for prudential supervision and capital assessment. Insurers pay in the form of systems, audit and process costs and must tighten controls and governance around accounting and actuarial outputs. (Purpose para 2; Quality control paras 10–11; Application para 3)\n"}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-86-of-2023/documents"}}