54The statement of financial position shall include line items that present the following amounts:

54 The statement of financial position shall include line items that present the following amounts:
(da) portfolios of contracts within the scope of AASB 17 that are assets, disaggregated as required by paragraph 78 of AASB 17;
(ma) portfolios of contracts within the scope of AASB 17 that are liabilities, disaggregated as required by paragraph 78 of AASB 17;
(n) ...

Information to be presented in the profit or loss section or the statement of profit or loss

82 In addition to items required by other Australian Accounting Standards, the profit or loss section or the statement of profit or loss shall include line items that present the following amounts for the period:
(a) revenue, presenting separately:
(i) interest revenue calculated using the effective interest method; and
(ii) insurance revenue (see AASB 17);
(aa) ...
(ab) insurance service expenses from contracts issued within the scope of AASB 17 (see AASB 17);
(ac) income or expenses from reinsurance contracts held (see AASB 17);
(b) ...
(bb) insurance finance income or expenses from contracts issued within the scope of AASB 17 (see AASB 17);
(bc) finance income or expenses from reinsurance contracts held (see AASB 17);
(c) ...

Transition and effective date

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139R AASB 17, issued in July 2017, amended paragraphs 7, 54 and 82. AASB 2020-5 Amendments to Australian Accounting Standards – Insurance Contracts, issued in July 2020, further amended paragraph 54. An entity shall apply those amendments when it applies AASB 17.

AASB 107 Statement of Cash Flows (August 2015, as amended)

| Paragraph 14 is amended. Paragraph 61 is added. |

Operating activities

...
14 Cash flows from operating activities are primarily derived from the principal revenue-producing activities of the entity. Therefore, they generally result from the transactions and other events that enter into the determination of profit or loss. Examples of cash flows from operating activities are:
(e) \[deleted\] cash receipts and cash payments of an insurance entity for premiums and claims, annuities and other policy benefits;
(f) …

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61 AASB 17 Insurance Contracts, issued in July 2017, amended paragraph 14. An entity shall apply that amendment when it applies AASB 17.

AASB 116 Property, Plant and Equipment (August 2015, as amended)

| Paragraphs 29A, 29B and 81M are added. |

Measurement after recognition

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29A Some entities operate, either internally or externally, an investment fund that provides investors with benefits determined by units in the fund. Similarly, some entities issue groups of insurance contracts with direct participation features and hold the underlying items. Some such funds or underlying items include owner-occupied property. The entity applies AASB 116 to owner-occupied properties that are included in such a fund or are underlying items. Despite paragraph 29, the entity may elect to measure such properties using the fair value model in accordance with AASB 140\. For the purposes of this election, insurance contracts include investment contracts with discretionary participation features. (See AASB 17 Insurance Contracts for terms used in this paragraph that are defined in that Standard).
29B An entity shall treat owner-occupied property measured using the investment property fair value model applying paragraph 29A as a separate class of property, plant and equipment.
...

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81M AASB 17, issued in July 2017, added paragraphs 29A and 29B. An entity shall apply those amendments when it applies AASB 17.