CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 11 of 2010 - GRS 400 (2010) - Supplementary Reporting Information
2. Reinsurance expense - Direct & Inward2. Reinsurance expense - Direct & Inwards reinsurance
Start here
Get a plain-English read of 2. Reinsurance expense - Direct & Inward
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 11 of 2010 - GRS 400 (2010) - Supplementary Reporting Information.
2. Reinsurance expense - Direct & Inwards reinsurance
This is the reinsurance expense as required in form GRF 310.1 Premium Revenue and Reinsurance Expense. It is to be reported in respect of total direct business and inwards reinsurance business.
Reinsurance expense is to be reported in accordance with AASB 1023 (i.e. it is to be amortised in accordance with the pattern of reinsurance service received).