Other Accounting And Financial Disclosures This is the value, as at the relevant date, of the risk accepted by the reporting party, gross of any expected insurance recoveries. Financial Risk Accepted Gross Amount This is the value, as at the relevant date, of the risk accepted by the outwards insurer, as a result of insurance purchased by the reporting party to cover large individual claims. Financial Risk Accepted Outwards Insurance Amount This is the value, as at the relevant date, of the cost of any subsequent per event reinstatement after the first Maximum Event Retention (MER) event. Financial Risk Cost Of Subsequent To First Per Event Reinstatement Amount This is the value, for the duration of the relevant period, of the maximum amount of a call on a member Financial Risk Insurance Maximum Call On Member Amount This is the percentage of capital applied to determine the Maximum Event Retention (MER). Financial Risk Maximum Event Retention Percentage Of Capital Percent This is the value, as at the relevant date, of the risk retained by the reporting party. Risk retention involves accepting the loss, or benefit of gain, from a risk when it occurs. All risks that are not avoided or transferred are retained by default. This includes risks that are so large or catastrophic that they either cannot be insured against or the premiums would be infeasible. Financial Risk Retention Amount This is the value, as at the relevant date, of the event exposure retained by the reporting party net of any expected insurance recoveries. Financial Risk Value Event Exposure Net Amount This is the value, as at the relevant date, of the event exposure based on the gross sum insured amounts for any one risk. Financial Risk Value Of Event Exposure Amount This is the period of current insurance cover, expressed in months, provided by an insurer to the reporting party. Financial Services Insurance Period Of Current Cover Count Indicate if annual audited financial statements are distributed to all members. A choice of TRUE/FALSE values TRUE = annual audited financial statements are distributed to all members FALSE = annual audited financial statements are not distributed to all members Regulatory Disclosures Audited Financial Statements Distributed All Members Indicator Indicate if annual audited financial statements are lodged with ASIC. A choice of TRUE/FALSE values TRUE = annual audited financial statements are lodged with ASIC FALSE = annual audited financial statements are not lodged with ASIC Regulatory Disclosures Audited Financial Statements Lodged With ASIC Indicator This is the number of potential beneficiaries during the relevant period. The potential beneficiary is the party that may become eligible to receive a payment once a claim is made. Regulatory Disclosures Beneficiary Count If reporting party is a member of an external resolution body, the number of complaints made during the relevant period. Regulatory Disclosures Complaints To External Dispute Resolution Body Count This is the indicator for the duration of the relevant period, that audit opinion stating financial report complies with Australian Accounting Standards and Corporations Regulations and other mandatory reporting requirements in Australia. A choice of TRUE/FALSE values TRUE = The audit opinion paragraph states that the financial report complies with Australian Accounting Standards and Corporations Regulations and other mandatory reporting requirements in Australia. FALSE = The audit opinion paragraph does not state that the financial report complies with Australian Accounting Standards and Corporations Regulations and other mandatory reporting requirements in Australia. Regulatory Disclosures Compliance Indicator This is the indicator for the duration of the relevant period, that the financial statements comply with Accounting Standard AASB 1023 General Insurance contracts. A choice of TRUE/FALSE values TRUE = The financial statements comply with Accounting Standard AASB 1023 General Insurance contracts FALSE = The financial statements do not comply with Accounting Standard AASB 1023 General Insurance contracts Regulatory Disclosures Compliance Accounting Standards AASB 1023 General Insurance Contracts Indicator This is the indicator for the duration of the relevant period, that the financial statements comply with accrual and going concern principle. A choice of TRUE/FALSE values TRUE = The financial statements comply with accrual and going concern principle FALSE = The financial statements do not comply with accrual and going concern principle Regulatory Disclosures Compliance Accrual Going Concern Principle Indicator This is the indicator for the duration of the relevant period, that the financial statements comply with cash basis of accounting. A choice of TRUE/FALSE values TRUE = The financial statements comply with Cash Basis of Accounting FALSE = The financial statements do not comply with Cash Basis of Accounting Regulatory Disclosures Compliance Cash Basis Of Accounting Indicator This is the indicator for the duration of the relevant period, that the financial statements comply with Historical Cost Basis (does not take into account changing market values). A choice of TRUE/FALSE values TRUE = The financial statements comply with Historical Cost Basis (does not take into account changing market values) FALSE = The financial statements do not comply with Historical Cost Basis Regulatory Disclosures Compliance Historical Cost Basis Indicator This is the detailed text for the contingent liabilities as defined by Australian Accounting Standards. Provide brief details of any contingent liabilities and any estimates. Regulatory Disclosures Contingent Liabilities Details Text This is the number of contributing members during the relevant period. Regulatory Disclosures Contributing Members Count This is the indicator for information provided by the reporting party, for the duration of the relevant period, being based on audited financial statements. A choice of TRUE/FALSE values TRUE = The information provided by the reporting party, for the duration of the relevant period, being based on audited financial statements FALSE = The information provided by the reporting party, for the duration of the relevant period, is not based on audited financial statements Regulatory Disclosures Financial Statements Based On Audited Numbers Indicator Indicate if all insurances are automatically reinstated after loss for all policies. A choice of TRUE/FALSE values TRUE = all insurances are automatically reinstated after loss for all policies FALSE = not all insurances are automatically reinstated after loss for all policies Regulatory Disclosures Insurance Automatically Reinstated Indicator This is the description of the methodology used to calculate the maximum call amount, if the basis was not "specified amount" or "percent of contribution". Regulatory Disclosures Insurance Basis Maximum Call Amount Other Description Indicate if calls can be made on members and there is a contractual obligation to pay. A choice of TRUE/FALSE values TRUE = when calls are made on members over and above contributions the member has a contractual obligation to pay FALSE = when calls are made on members over and above contributions the member does not have a contractual obligation to pay Regulatory Disclosures Insurance Calls Made On Members Contractual Obligation To Pay Indicator This is the number of insurance claims reported, for the duration of the relevant period. Regulatory Disclosures Insurance Claims Number This is an indicator for the confidence level that all calls made on members will be paid in full. Valid enumeration values are: High; Medium; or Low. Regulatory Disclosures Insurance Confidence Level Code This is the description of the reason for the confidence level provided. Regulatory Disclosures Insurance Confidence Level Reason Description Indicate if the insurance contract pays out the claim, irrespective of whether the claim is within the protection wording of the cover offered to the member for all policies. A choice of TRUE/FALSE values TRUE = insurance contract pays out the claim, irrespective of whether the claim is within the protection wording of the cover offered to the member for all policies FALSE = insurance contract does not pay out the claim, if the claim is outside the protection wording of the cover offered to the member for all policies Regulatory Disclosures Insurance Contract Pay Out Claim Irrespective Of Protection Wording Indicator This is the list of types of cover/products sold which members are not able to purchase from licensed Australian insurers. Regulatory Disclosures Insurance Cover Products Not Available To Members Text Indicate if the member discontinues cover mid term and contributions (after allowing for administration charges) are refunded to the member for the unexpired period of cover. A choice of TRUE/FALSE values TRUE = in the event of the member wanting to discontinue cover mid-term, the member receives a pro-rata refund of contribution paid FALSE = in the event of the member wanting to discontinue cover mid-term, the member does not receive a pro-rata refund of contribution paid Regulatory Disclosures Insurance Discontinued Member Refund Indicator This is the list of dispute resolution bodies that a member can lodge a complaint with. Regulatory Disclosures Insurance Dispute Resolution Body List Text In the event of wind-up, indicate the recipient of the excess monies that were not needed, after satisfying liabilities. Valid enumeration values are: Charity; Members; or Other. Regulatory Disclosures Insurance Excess Recipient Code Indicate if all insurances have a feature that reduces the deductible to nil when the underlying pool of funds (aggregate deductible) is exhausted. A choice of TRUE/FALSE values TRUE = when the pool of funds/aggregate deductible becomes nil, the insurer pays the full claim of the member net of any member excess or franchise FALSE = when the pool of funds/aggregate deductible becomes nil, the insurer does not pay the full claim of the member Regulatory Disclosures Insurance Feature Reduces Deductible Indicator If calls can be made on members and there is a contractual obligation to pay, report the basis used for determining the maximum call amount. Valid enumeration values are: Specified Amount; Percent of contribution; or Other. Regulatory Disclosures Insurance Maximum Call Amount Basis Code Is a Product Disclosure Statement (PDS) issued to all prospective members? A choice of TRUE/FALSE values TRUE = a Product Disclosure Statement (PDS) is issued to all prospective members FALSE = a Product Disclosure Statement (PDS) is not issued to all prospective members Regulatory Disclosures Insurance Product Disclosure Statement Issued Indicator Indicate if products are sold under a Australian Financial Services License (AFSL). A choice of TRUE/FALSE values TRUE = products are sold under a Australian Financial Services License FALSE = products are not sold under a Australian Financial Services License Regulatory Disclosures Insurance Product Sold Under Australian Financial Services License Indicator Details of the recipient of the excess monies upon wind-up other than "charity" or "members". Regulatory Disclosures Insurance Recipient Excess Monies Other Description Description of the structure of insurance programme and where this feature applies. Regulatory Disclosures Insurance Structure Description This is a description of the recipient of the profits/surpluses and how those surpluses are made use of. Regulatory Disclosures Insurance Surplus Recipient And Use Description Detail types of insurance (classes/risks/maximum sum insured) which are not automatically reinstated. Regulatory Disclosures Insurance Types Not Automatically Reinstated Text This is the list of types of cover (classes/risks/maximum sum insured) offered to members which fall within the protection wording and are not insured. Regulatory Disclosures Insurance Types Of Cover Text This is, for the duration of the relevant period, the basis used to establish Maximum Event Retention (MER). Valid enumeration values are: More than 1 in 250; 1 in 250; 1 in 200; 1 in 150; 1 in 100; 1 in 80; 1 in 60; 1 in 40; 1 in 20; 1 in 1; No basis; or Another basis. Regulatory Disclosures Maximum Event Retention Basis Code This is the detailed text for the basis used, during the relevant period, to determine Maximum Event Retention (MER) other than 'probability modelling' or 'percentage of capital' approach. Regulatory Disclosures Maximum Event Retention basis Other Text This is, for the duration of the relevant period, the detailed text for the method used to establish Maximum Event Retention (MER) for "Other consultation" or "Other". Regulatory Disclosures Maximum Event Retention Method Other Text This is, for the duration of the relevant period, the method used to establish Maximum Event Retention (MER). Valid enumeration values are: Proprietary Risk Modelling software; Actuarial consultation; Other consultation; or Other. Regulatory Disclosures Maximum Event Retention Method Used Code Indicates that the reporting party is a member of an external resolution body. A choice of TRUE/FALSE values TRUE = reporting party is a member of an external resolution body FALSE = reporting party is not a member of an external resolution body Regulatory Disclosures Member Of External Dispute Resolution Body Indicator Indicate if the reporting party used an insurance broker at any time during the relevant period to place insurance. A choice of TRUE/FALSE values TRUE = reporting party used an insurance broker to place insurance FALSE = reporting party did not use an insurance broker to place insurance Regulatory Disclosures Place Insurance Via Broker Indicator This is the indicator for the duration of the relevant period, of the reporting party being a reporting entity under the Corporations Act. A choice of TRUE/FALSE values TRUE = reporting party being a reporting entity under the Corporations Act. FALSE = reporting party not being a reporting entity under the Corporations Act. Regulatory Disclosures Reporting Entity Under Corporation Act Indicator