Search Definitions

Account for the components of a contract as if they were separate contracts.   Additional Australian defined terms – see Appendix …

Risk, other than financial risk , transferred from the holder of a contract to the issuer. …

An uncertain future event that is covered by an insurance contract and creates insurance risk . …

The party that has an obligation under an insurance contract to compensate a policyholder if an insured event occurs. …

An assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of related deferred acquisition costs or related intangible assets decreased), based on a review of future cash …

For the purpose of this Standard, income from a structured entity includes, but is not limited to, recurring and non-recurring fees, interest, dividends, gains or losses on the remeasurement or derecognition of interests in structured entities and gains …

For the purpose of this Standard, an interest in another entity refers to contractual and non-contractual involvement that exposes an entity to variability of returns from the performance of the other entity. An interest in another entity can be evidenced …

An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of …

The policyholder under a reinsurance contract . …

A contractual component that is not accounted for as a derivative under AASB 9 and would be within the scope of AASB 9 if it were a separate …