Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2011 - GRS 300.0_G (2011) - Statement of Financial Position (Level 2 Insurance Group)
17.0Other liabilities
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2011 - GRS 300.0_G (2011) - Statement of Financial Position (Level 2 Insurance Group).
17.0 Other liabilities
17.1 Derivative financial instruments
The classification and measurement of derivatives must be in accordance with Australian accounting standards. Report the gross amount of all derivative financial liabilities for the Level 2 insurance group.
17.2 Deficit in defined benefit superannuation fund
Disclose the value of any deficit in any defined benefit superannuation fund (or equivalent pension arrangement for international business) of which the parent entity and any of its controlled entities are employer-sponsors, applying the classification and measurement basis under Australian accounting standards.