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Financial Sector (Collection of Data) (reporting standard) determination No. 116 of 2023
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| Guaranteed benefits – measurement model | This reports the measurement model that a friendly society uses to measure guaranteed benefits for each benefit fund for the purposes of surplus distribution. Friendly societies are to choose one of the following measurement models:best estimate liability valued using yields of commonwealth government securities;best estimate liability valued using risk free rates other than yields of commonwealth government securities;best estimate liability valued using asset earning rates;account balance; orother (please specify). |
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