CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 25 of 2009 - GRS 301.0_G (2009) - Reinsurance Assets and Risk Charge
Basis of preparationBasis of preparation
Start here
Get a plain-English read of Basis of preparation
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 25 of 2009 - GRS 301.0_G (2009) - Reinsurance Assets and Risk Charge.
Basis of preparation
Level 2 insurance groups are requested to follow the Australian accounting standards regarding the definition, recognition and measurement of reinsurance assets, notably AASB 1023 ‘General Insurance Contracts’, except where indicated otherwise in the instruction guide.