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Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2021

19. Gross Payments in the Reporting Peri19. Gross Payments in the Reporting Period

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19. Gross Payments in the Reporting Period

The amount of payments made since the last reporting period, net of GST in whole dollars, no decimal point. Includes payments made to claimant and to third-party service providers (medical, legal, investigation) that are attributed to the claim.

Note:

        Data should be provided based on your share only.

        Income Tax Credits are excluded.

        The values reported should represent the cost to the insurer however the standard assumes that GST paid out on a claim will be recovered by the insurer. If no recovery is available, then the full value should be reported including GST.

Part 19. Gross Payments in the Reporting Peri - Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2021 - 19. Gross Payments in the Reporting Period | Zoe