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Financial Sector (Collection of Data) (reporting standard) determination No. 88 of 2023
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Financial Sector (Collection of Data) (reporting standard) determination No. 88 of 2023
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 88 of 2023.
This Reporting Standard only needs to be completed where the reporting insurer has business operations outside of Australia (i.e. where they have items of income, expense, assets, liabilities or capital outside of Australia).
Report information for each reporting period on a Level 1 (licensed insurer) basis.
Direct business is any insurance business written or insurance contracts issued by the reporting insurer.
Inwards reinsurance is any reinsurance business written or reinsurance contracts issued by the reporting insurer.