PET - Plain English Taxonomy

Attribute:	BSL18415
Concept:	Liabilities Insurance Unearned Premium Income Amount
Label:	Unearned Premium Liability
Concept Guidance:	This is the value, as at the relevant date, of premium income received in advance which is still unearned and is classified as a liability to the entity.Unearned premium income is that portion of the written premium applicable to the unused part of the period for which the premium has been paid.Premiums, as defined by the Australian Accounting Standards, are amounts charged in relation to accepting risk from the insured, but do not include amounts collected on behalf of third parties

Dimensions

Dimension	Member	Description
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.
InvestmentReportingBasisDimension	(NonLookThroughTrust)	This dimension categorises information reported based on the method which determines the details in which an investment is reported. I.e. Look-through or Non-look-through. This information reported is on a non-look through basis. This basis requires the reporting party to report information on investments held through trusts, external individually managed mandates/portfolios or discretely managed portfolios as if they were single end investments themselves.

Dimension

Member

Description

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.

InvestmentReportingBasisDimension

(NonLookThroughTrust)

This dimension categorises information reported based on the method which determines the details in which an investment is reported. I.e. Look-through or Non-look-through.
This information reported is on a non-look through basis. This basis requires the reporting party to report information on investments held through trusts, external individually managed mandates/portfolios or discretely managed portfolios as if they were single end investments themselves.