PET - Plain English Taxonomy

Attribute:	BSL16957
Concept:	Liabilities Insurance Insurance Policy Liabilities Amount
Label:	Gross policy liabilities assumed
Concept Guidance:	This is the value as at the relevant date of policy liabilities, as determined in accordance with relevant prudential standards.
Form-Specifc Guidance:	LPS1.04 gross policy liabilities

Dimensions

Dimension	Member	Description
ClassOfBusinessDimension	(DirectBusiness)	This dimension is used to categorise information according to business activity. Report where the class of business relates to direct insurance contracts.Insurance contracts are classified as 'direct' when the reporting party has a contract directly with a policyholder that is not an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs.
JurisdictionDimension	(Foreign)	This dimension is used to categorise reported information according to the jurisdictional reach to which that information relates. Data reported is not within the jurisdictional reach of Australia.
ReinsuranceRecoveriesValueTypeDimension	(Gross)	This dimension identifies the valuation scenario, in relation to expected reinsurance recoveries, under which the reported value was calculated. The information reported is in relation to the value that has been calculated before allowing for any adjustment to the value of the asset or liability in accordance with treatment permitted under accounting standards or prudential standards.