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Financial Sector (Collection of Data) (reporting standard) determination No. 124 of 2023
General accounting basisGeneral accounting basis
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General accounting basis
In completing the reporting standards, unless otherwise stated specifically, reporting life companies are to follow the basis consistent with the relevant Australian Accounting Standards. In particular, appropriate consideration must be given to the interpretation, the basis for measurement, and the netting between revenues/expenses items and financial assets/liabilities.