Subdivision Reporting basis - Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023 - Reporting basis

Reporting basis

This section relates to:

life companies including friendly societies (approved benefit funds, which write defined benefit risk products (i.e. APRA product group F4));
non-participating benefits without entitlement to discretionary additions and friendly society benefits; and
in-force business.

Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.

Report unstressed values before the effect of insurance risk stresses as at the reporting date.

Report this table on an annual basis only.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

Report all items (including premium related numbers) as positive numbers unless otherwise stated.

	Name	Valid values	Description
1	Life Company Fund Type	Statutory fundBenefit fund	Report life company fund.
2	Life Company Fund Name	Free text	Report the name of life company fund.
3	APRA Product Group	L1 - ConventionalL2 - Annuity with longevity riskL3_1 - Individual lump sum risk - stepped premiumL6 - Individual disability income insurance - stepped premiumL7_1 - Individual lump sum risk - otherL10 - Individual disability income insurance - otherL11_1 - Group lump sum riskL14 - Group disability income insuranceL15 - Investment linkedL16 - Investment policy with discretionary additionsL17 - Other investment policyL18 - Annuity without longevity riskL19 - OtherF4 - Defined benefit risk	Report APRA product group.
4	Insurance Business Type	In-force business - Unstressed RFBEL (gross of reinsurance)In-force business - Unstressed RFBEL (net of reinsurance)	Report insurance business type.
5	Valuation Basis	LY/LYLY/TYTY/TY	Report valuation basis.
6	Annuity And Investment Liability	Whole dollars	Report annuity and investment liability amount.
7	CICP Reserve	Whole dollars	Report CICP reserve amount.
8	RBNA Reserve	Whole dollars	Report RBNA reserve amount.
9	IBNR Reserve	Whole dollars	Report IBNR reserve amount.
10	URR	Whole dollars	Report URR amount.
11	Other Past Premium Liability Component	Whole dollars	Report other past premium liability component amount.
12	Present Value Of Expected Premiums	Whole dollars	Report present value of expected premiums amount.
13	Present Value Of Expected Incurred Claims	Whole dollars	Report present value of expected incurred claims amount.
14	Present Value Of Expected Commissions	Whole dollars	Report present value of expected commissions amount.
15	Present Value Of Expected Maintenance And Overhead Costs	Whole dollars	Report present value of expected maintenance and overhead costs amount.
16	Present Value Of Expected Other Future Premium Liability Component	Whole dollars	Report present value of expected other future premium liability component amount.

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