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Financial Sector (Collection of Data) (reporting standard) determination No. 90 of 2023
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Financial Sector (Collection of Data) (reporting standard) determination No. 90 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. 90 of 2023.
Report values in whole Australian dollars (no decimal places).
Convert amounts denominated in foreign currency to AUD in accordance with AASB 121 The Effects of Changes in Foreign Exchange Rates.
Report losses and expenses as negative values.
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Class Of Business | HouseholdersCommercial MotorDomestic MotorOther Direct - Category ATravelFire and ISRMarineAviationConsumer CreditOther AccidentOther Direct - Category BMortgageCTPPublic and Product LiabilityProfessional IndemnityEmployers LiabilityCyberDirectors and OfficersOther Direct - Category C | Report the APRA classes of business for direct business only. |
| 2 | State and Territory Of Australia | NSWVICQLDSAWATASACTNT | Report by State and Territory of Australia. |
| 3 | Insurance Revenue | Whole dollars | Report the amount of insurance revenue for direct business.Report insurance revenue in accordance with AASB 101.82 (a) (ii) Disclosure, AASB 17.80 (a) and AASB 17.83 |
| 4 | Incurred Claims | Whole dollars | Report the amount of incurred claims for direct business.The reporting basis of incurred claims must be consistent with the incurred claims reported under Reporting Standard GRS 310.0 Statement of Profit and Loss and Other Comprehensive Income. |