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Financial Sector (Collection of Data) (reporting standard) determination No. 123 of 2023
Reporting direction for life insurersReporting direction for life insurers
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Reporting direction for life insurers
For APRA reporting, life insurers must also meet the relevant policy liability valuation requirements outlined in Prudential Standard LPS 340 Valuation of Policy Liabilities (LPS 340).
Subject to meeting the requirements in LPS 340, where it is not possible to readily assign AASB 17 numbers to specific APRA product groups, life insurers must apply the allocation principles to allocate AASB 17 numbers to APRA product groups.
Allocation principles are defined in LRS 001.