Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023
Table 6: Components Of Termination ValueTable 6: Components Of Termination Value — Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits — All Business - As At The Reporting Date
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Table 6: Components Of Termination Value – Non-participating Benefits Without Entitlement To Discretionary Additions And Friendly Society Benefits – All Business - As At 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
all business.
Report this table for each statutory fund for life insurers and each benefit fund for friendly societies.
Report the components of termination value as at reporting date.
Report this table on a quarterly and an annual basis.
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 | Unstressed Net Past Premium Liabilities | Whole dollars | Report unstressed net past premium liabilities amount. |
| 5 | Premium Refund In Excess Of Unexpired Risk Reserve | Whole dollars | Report premium refund in excess of unexpired risk reserve amount. |
| 6 | Other Components Of Termination Value | Whole dollars | Report other components of termination value amount. |