Financial Sector (Collection of Data) (reporting standard) determination No. 8 of 2009 - LRS 300.0 - Statement of Financial Position
IntroductionIntroduction
Start here
Get a plain-English read of Introduction
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 8 of 2009 - LRS 300.0 - Statement of Financial Position.
Introduction
Forms LRF 300.1 Statement of Financial Position (SF and SF Eliminations) (LRF 300.1) and LRF 300.2 Statement of Financial Position (SF Total, SHF, SH Elim, Entity) (LRF 300.2) provides APRA with the necessary information on assets, liabilities and capital to undertake an assessment of a life insurance company’s financial position, and to assist APRA in its supervision of compliance with the requirements of the Life Insurance Act 1995.
This Instruction Guide is designed to assist reporting entities in the completion of LRF 300.1 and LRF 300.2. The Instruction Guide provides:
- general directions and notes regarding preparation and lodgement; and
- instructions relating to specific items.