Division Table 3: Investment Contract and Insuran - Financial Sector (Collection of Data) (reporting standard) determination No. 127 of 2023 - Table 3: Investment Contract and Insurance Acquisition Cash Flows Related Items

Table 3: Investment Contract and InsuranTable 3: Investment Contract and Insurance Acquisition Cash Flows Related Items

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Get a plain-English read of Table 3: Investment Contract and Insuran

Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 127 of 2023.

Specific instructions

Table 1: Policy Liability Related Data

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of each statutory fund for life insurers and each benefit fund for friendly societies.

Report all information as at the reporting date.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

	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	Class Of Business	Australia - Ordinary businessAustralia - Superannuation businessOverseas - All business	Report class of business
4	Insurance Benefit Type	Non-participating benefitsParticipating benefitsFriendly society benefits	Report insurance benefit type.
5	APRA Product Group	The values that apply to friendly societies are:F1 - EducationF2 - Investment accountF3 - Annuity and superannuationF4 - Defined benefit riskF5 - Capital guaranteed defined contribution funeralF6 - Investment linkedThe values that apply to life companies other than friendly societies are: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 - Other	Report APRA product group.
6	Policy Count	Whole numbers	Report policy count.Report actual numbers and not scaled.
7	Member Count	Whole numbers	Report member count.Report actual numbers and not scaled.
8	Gross Insurance Amount, Account Balance Or Equivalent	Whole dollars

Name

Valid values

Description

Life Company Fund Type

Statutory fundBenefit fund

Report life company fund.

Life Company Fund Name

Free text

Report the name of life company fund.

Class Of Business

Australia - Ordinary BusinessAustralia - Superannuation businessOverseas - All business

Report class of business.

Insurance Benefit Type

Non-participating benefitsParticipating benefitsFriendly society benefits

Report insurance benefit type.

APRA Product Group

The values that apply to friendly societies are:F1 - EducationF2 - Investment accountF3 - Annuity and superannuationF4 - Defined benefit riskF5 - Capital guaranteed defined contribution funeralF6 - Investment linkedThe values that apply to life companies other than friendly societies are: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 - Other

Report APRA product group.

Measurement Model Type

General Measurement ModelPremium Allocation ApproachVariable Fee Approach

Report measurement model type.Variable Fee Approach applies to the following measures only:Insurance contract - liability / asset for remaining coverage;Insurance contract - liability / asset for incurred claims - excluding risk adjustment for non-financial risk; andInsurance contract - liability / asset for incurred claims - risk adjustment for non-financial risk.

Insurance Contract - Liability / Asset For Remaining Coverage

Whole dollars

Report insurance contract - liability / asset for remaining coverage amount.Report liability positions as positive values.

Insurance Contract - Liability / Asset For Incurred Claims - Excluding Risk Adjustment For Non-financial Risk

Whole dollars

Report insurance contract - liability / asset for incurred claims - excluding risk adjustment for non-financial risk amount.Report liability positions as positive values.

Insurance Contract - Liability / Asset For Incurred Claims - Risk Adjustment For Non-financial Risk

Whole dollars

Report insurance contract - liability / asset for incurred claims - risk adjustment for non-financial risk amount.Report liability positions as positive values.

Reinsurance Contract Held - Asset / Liability For Remaining Coverage

Whole dollars

Report reinsurance contract held - asset / liability for remaining coverage amount.Report asset positions as positive values.

Reinsurance Contract Held - Asset / Liability For Incurred Claims - Excluding Risk Adjustment For Non-financial Risk

Whole dollars

Report reinsurance contract held - asset / liability for incurred claims - excluding risk adjustment for non-financial risk amount.Report asset positions as positive values.

Reinsurance Contract Held - Asset / Liability For Incurred Claims - Risk Adjustment For Non-financial Risk

Whole dollars

Report reinsurance contract held - asset / liability for incurred claims - risk adjustment for non-financial risk amount.Report asset positions as positive values.

Name

Valid values

Description

Life Company Fund Type

Statutory fundBenefit fund

Report life company fund.

Life Company Fund Name

Free text

Report the name of life company fund.

Class Of Business

Australia - Ordinary businessAustralia - Superannuation businessOverseas - All business

Report class of business.

Insurance Benefit Type

Non-participating benefitsParticipating benefitsFriendly society benefits

Report insurance benefit type.

APRA Product Group

Report APRA product group.

Investment Contract Liabilities - Gross Of Reinsurance

Whole dollars

Report investment contract liabilities - gross of reinsurance amount.Report liability positions as positive values.

Insurance Contract - Insurance Acquisition Cash Flows (IACF) Asset

Whole dollars

Report insurance contract - insurance acquisition cash flows (IACF) asset amount.Report asset positions as positive values.

Insurance Contract - Insurance Acquisition Cash Flows (IACF) Expensed Under PAA

Whole dollars

Report insurance contract - insurance acquisition cash flows (IACF) expensed under PAA amount.Report expensed amounts as positive values.

Insurance Contract - Unrecovered Amount Of IACF Recognised As Impairment Loss (Or Reversal Gain)

Whole dollars

Report insurance contract - unrecovered amount of IACF recognised as impairment loss (or reversal gain).Report loss amounts as positive values.

Investment Contract Liabilities (Ceded)

Whole dollars

Report investment contract liabilities (ceded) amount.

Reinsurance Contract Held - Insurance Acquisition Cash Flows (IACF) Liability

Whole dollars

Report the reinsurance contract held - insurance acquisition cash flows (IACF) liability amount.Report liability positions as positive values.

Reinsurance Contract Held - Insurance Acquisition Cash Flows (IACF) Recognised As Gain Under PAA

Whole dollars

Report the reinsurance contract held - insurance acquisition cash flows (IACF) recognised as gain under PAA amount.Report gain amounts as positive values.

Reinsurance Contract Held - Unrecovered Amount Of IACF Recognised As Gain (Or Reversal Loss)

Whole dollars

Report reinsurance contract held - unrecovered amount of IACF recognised as gain (or reversal loss).Report gain amounts as positive values.

Table 3: Investment Contract and InsuranTable 3: Investment Contract and Insurance Acquisition Cash Flows Related Items

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Reporting basis

Table 2: Insurance Contract and Reinsurance Contracts Held

Reporting basis

Reporting basis