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Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2021
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 5 of 2021.
A breakdown of Lloyd’s share of the total settlement amount (converted to A$ using end of processing month rates of exchange) into the following heads of damage is required for finalised claims only. The total of items 25.1 to 25.11 must equal item 20 – Gross Payments to Date, with any rounding difference included in item 23.11 (Other).
A finalised claim is one where field 11 (date finalised) has been recorded and field 22 (gross case estimate at end of reporting period) is zero.
Where this information is not available, enter a hyphen (“-“).
25.1 Past economic loss
25.2 Future economic loss
25.3 Past medical, hospital, caring and related services
25.4 Future medical, hospital and related services
25.5 Future caring services
25.6 General damages
25.7 Interest
25.8 Plaintiff legal costs
25.9 Defendant legal costs
25.10 Investigation costs
25.11 Other