CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 122 of 2023
Columns for Licensed insurer and StatutoColumns for Licensed insurer and Statutory fund eliminations reporting:
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 122 of 2023.
Columns for Licensed insurer and Statutory fund eliminations reporting:
| Column 1 | Report the total amounts for Australian business before statutory fund eliminations representing the sum of individual statutory funds. |
|---|---|
| Column 2 | Report the total amounts for overseas business before statutory fund eliminations representing the sum of individual statutory funds. |
| Column 3 | Column 3 ‘Total business before statutory fund eliminations’ is a derived column and is calculated as the sum of columns 1 and 2. |
| Column 4 | Report the total amounts for Australian business statutory fund eliminations in negative values. |
| Column 5 | Report the total amounts for overseas business statutory fund eliminations in negative values. |
| Column 6 | Column 6 ‘Total business’ is a derived column and is calculated as the sum of columns 4 and 5. |
| Column 7 | Column 7 ‘Australian business after statutory fund eliminations’ is a derived column and is calculated as the sum of columns 1 and 4. |
| Column 8 | Column 8 ‘Overseas business after statutory fund eliminations’ is a derived column and is calculated as the sum of columns 2 and 5. |
| Column 9 | Column 9 ‘Total business (after statutory fund eliminations)’ is a derived column and is calculated as the sum of columns 7 and 8. |
| Column 10 | Report the amounts as applicable for the general fund in positive values. |
| Column 11 | Report the amounts as applicable for general fund eliminations in negative values. |
| Column 12 | Column 12 is a derived column and is calculated as the sum of columns 9, 10 and 11. Total entity is equal to the sum of Total business (after statutory fund eliminations), General fund, and General fund eliminations’ |