CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2009 - LRS 400.0 - Statement of Policy Liabilities
Reporting levelsReporting levels
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Reporting levels
LRF 400.0 must be completed by all life insurance companies, including friendly societies.
The form is to be completed for each statutory fund (approved benefit fund).
LRF 400.0 contains two sections:
- All Statutory Fund Products; and
- Totals by Class of Business and Basis.
Within section 1, reporting items are to be completed for each APRA Product Group (as defined below).
Within each APRA Product Group, some data will be collected on up to three bases, indicated as follows:
- ‘This Year’ – current position, based on current year’s valuation basis;
- ‘Last Year’ – current position, based on previous year’s valuation basis; and
- ‘LY/TY’ – current position, based on previous year’s valuation basis, except substituting current year’s investment and economic assumptions.