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Financial Sector (Collection of Data) (reporting standard) determination No. 81 of 2008 - GRS 310.2 (2008) - Claims Expense and Reinsurance Recoveries
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 81 of 2008 - GRS 310.2 (2008) - Claims Expense and Reinsurance Recoveries.
This form must be lodged for each of the reporting units, within the number of business days after the end of the quarter as set out in Reporting Standard GRS 310.2 Claims Expense and Reinsurance Recoveries.
Basis of preparation
Unless specifically mentioned in these instructions insurers should not follow the recognition and measurement requirements of the Australian accounting standards in completing this form.
The interpretation and required measurement basis for items listed in the form are specified in these instructions.