Section (4) Region (for which Gross Assets and G - Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2009 - GRS 450.0_G (2009) - Interest in Controlled Entities, Associates and Joint Ventures - (4) Region (for which Gross Assets and Gross Liabilities are reported) | Zoe

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Financial Sector (Collection of Data) (reporting standard) determination No. 28 of 2009 - GRS 450.0_G (2009) - Interest in Controlled Entities, Associates and Joint Ventures

(4) Region (for which Gross Assets and G(4) Region (for which Gross Assets and Gross Liabilities are reported)

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(4) Region (for which Gross Assets and Gross Liabilities are reported)

Report the region which most appropriately reflects the location of the gross assets and gross liabilities of the entity.

International business, as defined in GPS 001, is to be reported according to the following geographical regions[3]:

New Zealand;
South East Asia;
Asia Pacific;
USA
Americas;
UK/Europe; and
Other.

Once regions are defined, they should generally be maintained thereafter for consistency. However, this does not prevent the Level 2 insurance group from altering its reporting regions where necessary, provided APRA is notified of any changes.

Previous section(3) Goodwill and identifiable intangible(3) Goodwill and identifiable intangible assets

Next sectionFor the purposes of this form, ‘controllFor the purposes of this form, ‘controlled entities’ is to be interpreted as defined in AASB 127 ‘Consolidated and Separate Financial Statements’. Report controlled entities that are consolidated under Australian accounting standards but are treated, for prudential reporting purposes, as non-consolidated subsidiaries of the Level 2 insurance group under GPS 001.