CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 89 of 2023
Units of measurementUnits of measurement
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Units of measurement
Report values in whole Australian dollars (no decimal places).
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Accident Year or Underwriting Year | Accident YearUnderwriting Year | Report accident year or underwriting year. |
| 2 | Years | Current year1 year previous2 years previous3 years previous4 years previous5 years previous6 years previous7 years previous8 years previous9 years previous10 years previousMore than 10 years previous | Report years applicable.Individual years from current year to 10 years previous are required to be reported. More than 10 years previous are to be combined and reported.Should an insurer be unable to provide the more than 10 years previous grouping due to the data being impractical to obtain, the insurer can commence grouping at the earliest year possible. |
| 3 | 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 class of business. |
| 4 | GPS 340 Net OCL - Undiscounted | Whole dollars | Report GPS 340 net OCL - undiscounted amount.Report on an undiscounted basis. |
| 5 | Movement In GPS 340 Net OCL - Undiscounted | Whole dollars | Report the movement in GPS 340 net OCL - undiscounted amount.Report the increase in GPS 340 net OCL as a positive figure and the decrease in GPS 340 Net OCL in the current financial year as a negative figure.Claim payments are not to be classified as a decrease in the GPS 340 Net OCL for the purposes of this table.Report on an undiscounted basis. |