Part Table 2: Premiums Liabilities - Insuranc - Financial Sector (Collection of Data) (reporting standard) determination No. 72 of 2023 - Table 2: Premiums Liabilities - Insurance Risk Charge - Australian Business by Class of Business - GPS 340 basis

Table 2: Premiums Liabilities - InsurancTable 2: Premiums Liabilities - Insurance Risk Charge - Australian Business by Class of Business - GPS 340 basis

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Table 2: Premiums Liabilities - Insurance Risk Charge - Australian Business by Class of Business - GPS 340 basis

Reporting basis

Report the components of the GPS 340 PL for Australian business on a GPS 340 basis (as opposed to deriving the GPS 340 PL based on accounting records (AASB basis)) by class of business for direct business and reinsurance business.

Units of measurement

Report values in whole Australian dollars.

	Name	Valid values	Description
1	Class Of Business	Direct classes of business:HouseholdersCommercial MotorDomestic MotorOther Direct - Category ATravelFire and ISRMarineAviationConsumer CreditOther AccidentOther Direct - Category BMortgageCTPPublic and Product LiabilityProfessional IndemnityEmployers LiabilityCyberDirectors and OfficersOther Direct - Category CReinsurance classes of business:Proportional - Category AProportional - Category BProportional - Category CNon-proportional - Category ANon-proportional - Category BNon-proportional - Category C	Report the class of business.
2	Gross PL - Central Estimate (Excluding CHE And PAE)	Whole dollars	Report the gross PL - central estimate (excluding CHE and PAE).
3	Expected Future Reinsurance Costs For Current And Future Reinsurance Arrangements Needed To Cover PL	Whole dollars	Report the expected future reinsurance costs for current and future reinsurance arrangements needed to cover PL.
4	Commissions	Whole dollars	Report the commissions included in the PL.
5	Reinsurance Commissions	Whole dollars	Report the reinsurance commissions included in the PL.Reinsurance commissions is to be reported as a positive number if they act to reduce the gross PL.
6	Claims Handling Expenses	Whole dollars	Report the claims handling expenses.
7	Policy Administration Expenses	Whole dollars	Report the policy administration expenses.
8	Gross PL – Diversified Risk Margin	Whole dollars	Report the gross PL - diversified risk margin.