Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023
Table 2: Unstressed RFBEL - Non-participTable 2: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits - In-force Business - As At 12 Months After The Reporting Date (Discounted Back To The Reporting Date)
Start here
Get a plain-English read of Table 2: Unstressed RFBEL - Non-particip
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023.
Table 2: Unstressed RFBEL - Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits - In-force Business - As At 12 Months After The Reporting Date (Discounted Back To The Reporting Date)
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 12 months after the reporting date (discounted back to 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 | Annuity and Investment Liability | Whole dollars | Report annuity and investment liability amount. |
| 6 | CICP Reserve |