RepresentationThis representation is based on the value domain for this data element, more information is available at " Total Australian currency N[N(8)] ".
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Guide for use:
The reserve amount includes anticipated payments to claimants as well as anticipated legal, investigative and associated costs, but excludes administrative costs. The reserve amount covers recognised but as yet unpaid liabilities related to a claim as well as its estimated future liabilities. The reserve amount should be recorded as $0 for claims that are closed.
The National Claims and Policies Database (APRA 2006) data item 22 'Gross case estimate at end of reporting period' is identical to this data item.
APRA (Australian Prudential Regulation Authority) 2006. Data specifications National Claims and Policies Database document number 3.1. Canberra: APRA
This content Based on Australian Institute of Health and Welfare material. Attribution provided as required under the AIHW CC-BY licence.
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