Financial Sector (Collection of Data) (reporting standard) determination No. 23 of 2007 - LRS 300.0 - Statement of Financial Position
Annual Return ReconciliationsAnnual Return Reconciliations
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Annual Return Reconciliations
Reconciliation to Net Assets at the end of the period in the general purpose financial statements is only required to be completed as part of the annual returns.
29 Reconciliation adjustments
This is the adjustment necessary to reconcile the Total Components of Life Insurance Act Net Assets (item 28) to the Net Assets per general purpose accounts (item 30). APRA does not propose to routinely collect the components of the reconciliation. Additional information may, however, be sought from the life companies where this figure is significant.
30 Net Assets, per general purpose accounts - Balance Sheet
This is the corresponding figure to the Total Components of Life Insurance Act Net Assets (item 28), except that it is taken from the general purpose accounts of the entity.