Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2021
21. Gross Case Estimate at Start of Repo21. Gross Case Estimate at Start of Reporting Period
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21. Gross Case Estimate at Start of Reporting Period
Total of all payments expected to be made in future to the claimant(s) and third party providers at the start of the reporting period, net of GST in whole dollars, no decimal point. Equals field 22 on the corresponding claim record that was submitted for the previous reporting period. Will be zero if this claim was first reported in the current reporting period.
Note:
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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.