Part General Instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 128 of 2023 - General Instructions

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General Instructions

Reporting tables

Tables described in this reporting form list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Any specific combination of values in the table must not appear on more than one row in that table when reported.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

Accounts receivable	This relates to amounts due but not yet received as disclosed in the balance sheet of the fund.
APRA product group	This is APRA product group which is defined in Reporting Standard LRS 001 Reporting Requirements. Life insurers must report data items by the listed APRA product groups where required.
Assets backing liabilities amount	This is the value of assets of the fund backing insurance and investment liabilities (net of insurance assets) determined under AASB 17 and AASB 9.
Assets backing liabilities type	This is the type of assets backing the relevant liabilities. Possible types are:cash;investment property;listed equities;unlisted equities;non-indexed interest-bearing securities;indexed interest-bearing securities;loans;other investment assets (exclude derivative financial instruments);current tax assets;deferred tax assets;derivative financial instruments (assets);accounts receivable;reinsurance contract assets; andother non-investment assets.

Cash	This is the amount of the cash assets which includes any cash at call up to 30 days as well as any cash held with non-bank financial institutions.Note that this item does not include negotiable certificates of deposits, which should be reported under non-indexed interest-bearing securities or indexed interest-bearing securities.
Class of business	Class of business refers to:Australia - Superannuation business;Australia - Ordinary business; andOverseas - All business.‘Australia’ and ‘overseas’ refer to the territories where the life insurance business is undertaken, as defined in the Life Act.‘Ordinary business’ and ‘superannuation business’ are defined in the Life Act.

Indexed interest-bearing securities	This is the amount of all interest-bearing securities held that are indexed.
Insurance benefit	This is the type of insurance benefit that a life policy can include. Life companies must report data items by insurance benefit where required. Insurance benefit can either be:Non-participating benefits; orParticipating benefits.
Investment property	This is the amount of the investment property assets which includes properties acquired or held which is available for sale as well as infrastructure assets, after allowance for accumulated depreciation.Owner-occupied property should be reported as other non-investment assets.

Life company fund	This means the type of life company fund. Possible types are:Statutory fund.
Listed equities	This is the value of equity interests in companies listed on the ASX or overseas exchange, after allowance for look-through (if applicable).This also includes equities held within Australia and overseas.
Loans	This is the value of loans. Loans include financial leases and mortgages, and are typically non-negotiable on the secondary market.