PET - Plain English Taxonomy

Attribute:	R12932
Concept:	Liabilities Insurance Technical Provision Deficiency Amount
Label:	Technical Provision Deficiency
Concept Guidance:	This is the value, as at the relevant date, of deficiency recognised in premium liability valuations due to the application of Liability Adequacy Test (LAT) as determined in accordance with relevant prudential standards.

Dimensions

Dimension	Member	Description
BasisOfPreparationDimension	(Accounting)	This dimension represents the basis used for the reported information. This information relates to the accounting basis of preparation.
ClassOfBusinessDimension	(ReinsuranceBusiness)	This dimension is used to categorise information according to business activity. Report where the class of business relates to reinsurance contracts.Reinsurance contracts are insurance contracts where the policyholder is an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs.
InsuranceBusinessLocationDimension	(InternationalBusiness)	This dimension categorises the reported data according to the business locations determined in accordance with the relevant prudential standards. The information reported is in relation to insurance business carried on by any entity within the Level 2 insurance group that is not authorised under the Act.
InsuranceGroupReportingRegionDimension	(OI11455)	This dimension categorises the reported data according to the region of those entities that are members of a Level 2 insurance group (as determined in accordance with prudential standards) and are incorporated outside Australia. The region is defined according to the regions which most appropriately reflect the business and/or operational segments of the entity.