PET - Plain English Taxonomy

Label:	Liabilities Insurance Outstanding Claims And Premiums Liabilities Net Surplus Deficit Tax Effect Adjustment Amount
TREF ID:	DE8624
Data Type:	xbrli:monetaryItemType
Period Type:	instant
Balance Type:	debit
Business Description & Guidance:	This is the amount, as at the relevant date, of the tax effect relating to the outstanding claims liabilities (OCL) surplus/deficit and premiums liabilities surplus/deficit (i.e. the corporate tax rate multiplied by the net amount).An OCL surplus/deficit results if the OCL net of any recoveries, determined in accordance with accounting standards exceeds (or is in deficit of) the equivalent figure determined in accordance with prudential standards.A premium liabilities surplus/deficit results if the premium liability proxy calculated from figures determined in accordance with accounting standards exceeds (or is in deficit of) the equivalent figure determined in accordance with prudential standards.

Usage

Form	Labels
GRF_110_1	Label:	Tax effect of net OCL and PL surplus / (deficit) inside Australia
GRF_112_0	Label: Guidance:	Tax effect of Net OCL and PL Surplus / Deficit Do not deduct the tax effect if a deferred tax asset has been recognised in relation to the net surplus / (deficit).
GRF_112_0_G	Label: Guidance:	Tax effect of Net OCL and PL Surplus / Deficit Do not deduct the tax effect if a deferred tax asset has been recognised in relation to the net surplus / (deficit).
GRF_120_0_G	Label: Guidance:	Tax effect of Net OCP and PL Surplus / Deficit The adjustment for the tax effect is not required where the surplus / deficit of technical provisions have been included in the recognition of a deferred tax asset associated with the recognition of insurance Liabilities in GRF 300.0 Statement of Financial Position. Deducting the tax effect in this case would constitute double counting, as deferred tax assets is deducted from Tier 1 capital (net of any deferred tax liabilities).
GRF_120_0_L	Label: Guidance:	Tax effect of Net OCP and PL Surplus / Deficit The adjustment for the tax effect is not required where the surplus / deficit of technical provisions have been included in the recognition of a deferred tax asset associated with the recognition of insurance Liabilities in GRF 300.0 Statement of Financial Position. Deducting the tax effect in this case would constitute double counting, as deferred tax assets is deducted from Tier 1 capital (net of any deferred tax liabilities).
GRF_300_0_L	Label:	Tax effect of net OCP and PL surplus /(deficit)
MRF_120_0	Label:	Tax Effect of Excess Technical Provision