CTHRepealedLegislation
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)
Basis of preparationBasis of preparation
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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).
Basis of preparation
Level 2 insurance groups are requested to follow the Australian accounting standards, notably Australian Accounting Standard AASB 1023 ‘General Insurance Contracts’ (AASB 1023), except where indicated otherwise in the instruction guide.