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TRG Meeting Minutes and Meeting Papers

Below are copies of the papers for TRG Meetings.

10 October 2024
Agenda: AASB 17 TRG – 10 October 2024
Minutes: AASB 17 TRG – 10 October 2024
AASB 17 TRG Highlights
ATT 1: Business Combination

 

13 June 2024
Minutes: AASB 17 – TRG 13 June 2024
ATT 3: Post-Implementation Review Update

 

15 March 2024
Agenda: AASB 17 TRG - 15 March 2024
Minutes: AASB 17 TRG - 15 March 2024
ATT 1: AASB 110 vs AASB 17 definition of timing of events 
ATT 2: Update on Public Sector Focus Group 
ATT 3: Post-Implemetation Review Update  

 

18 October 2023

Agenda: AASB 17 TRG - 18 October 2023

Minutes: AASB 17 TRG - 18 October 2023

ATT1: Compensation of last resort 

ATT 2: Update on IFRS 17 adoption in Asia-Oceania region

 

6 June 2023

Agenda: AASB 17 TRG - 6 June 2023

Minutes: AASB 17 TRG - 6 June 2023

ATT1: ARPC reinsurance contracts held contract boundary

 

22 March 2023

Agenda: AASB 17 TRG – 22 March 2023

Minutes: AASB 17 TRG - 22 March 2023

ATT 1: Public sector insurance project update

ATT 2: ARPC reinsurance contracts held contract boundary

ATT 3A: Premiums receivable from an intermediary: initial consideration

ATT 3B: Premiums receivable from an intermediary: updated proposed wording of the tentative agenda decision

ATT 4: AASB 17 research report

ATT 5: LMI focus group update
7 December 2022
Agenda: AASB 17 TRG - 7 December 2022

Minutes: AASB 17 TRG – 7 December 2022

ATT 1: Public sector insurance project update

ATT 2: ARPC reinsurance contract held contract boundary

ATT 3: Tax effect accounting for transition to IFRS 17 Insurance Contracts

ATT 4: Accounting for withholding tax on foreign resident reinsurers under AASB 17

ATT 5: IFRS interpretation committee outreach premiums receivable from an intermediary

ATT 6: PHI focus group update

ATT 7: LMI focus group update
14 September 2022
Agenda: AASB 17 TRG - 14 September 2022

Minutes: AASB 17 TRG – 14 September 2022

ATT 1: Public sector insurance project update

ATT 2: Update on tax: ICA

ATT 3: Update on tax: FSC

ATT 4A: Cover memo: Government imposts

ATT 4B: Accounting for government imposts and similar charges under AASB 17

ATT 5: PHI focus group update

 

ATT 6A: IFRS Interpretations Committee meeting September 2022 Agenda Paper 2: Comments on tentative agenda decision

 

ATT 6B: IFRS Interpretations Committee meeting September 2022 Agenda Paper 2A: Comment letters

 
1 June 2022
Minutes: AASB 17 TRG – 1 June 2022
Agenda: AASB 17 TRG – 1 June 2022
AP01: Industry paper – indirect taxes and levies
AP02:PHI Focus Group updates
AP03: MI Focus Group updates

IFRS Interpretations Committee June 2022 meeting: Multi-currency Groups of Insurance Contracts
IFRS Interpretations Committee June 2022 meeting: Quantity of Benefits Provided under a Group of Annuity Contracts
9 March 2022
Agenda: AASB 17 TRG – 9 March 2022
Minutes: AASB 17 TRG – 9 March 2022
ATT1: Updates from public sector insurance project
ATT2: PHI Focus Group: Updates on activities
ATT3: PHI Focus Group: Cashflows and insurance service result
ATT4: Related party reinsurance
ATT5: IFRIC Update
6 December 2021
Agenda: AASB 17 TRG - 6 December 2021
Minutes: AASB 17 TRG - 6 December 2021
ATT1: Updates from public sector insurance project
ATT2: Insurance Council of Australia
ATT3: Industry paper - Risk adjustments
ATT4: Treatment of government imposts
ATT5: PHI Focus Group updates
ATT6: PHI Focus Group - Cashflows and insurance service result
ATT7: Medical Indemnity Industry Forum updates
ATT8: Medical Indemnity government schemes
23 September 2021
Agenda: AASB 17 TRG – 23 September 2021
Minutes: AASB 17 TRG - 23 September
APRA Update:
ATT1: Updates from public sector insurance project
ATT2.1: Australian government rebate
ATT2.2: Business combinations
PHI: Private Health Insurance Focus Group 

 

 

17 June 2021
Agenda: AASB 17 TRG – 17 June 2021
Minutes: AASB 17 TRG – 17 June 2021 
APRA: ARPA AASB 17 Update
PS1: Updates from public sector insurance project
ATT1: Updates from VFA Focus Group
ATT 2: Updates from PHI Focus Group
ATT2.1: PAA eligibility paper
ATT2.2: Risk equalisation paper
ATT 3: Discussion paper: Impact of cash flow settlement arrangements for reinsurance issued and held

 

22 March 2021
Agenda: AASB 17 TRG – 22 March 2021
Minutes: AASB 17 TRG – 22 March 2021
ATT 1: Report on AASB project: Insurance Activities in the Public Sector
ATT 2: Credit losses on premium receivables
ATT 3: Impairment of acquisition costs
ATT 4: IA updates
ATT 5: PHI Focus Group
ATT 6: VFA Focus Group

 

7 December 2020
Agenda: AASB 17 TRG – 7 December 2020
Minutes: AASB 17 TRG – 7 December 2020
ATT1: Presentation slides – International implementation status
ATT2: Presentation slides – APRA
ATT3: Presentation slides – Institute of Actuaries Taskforce Reinsurance and Regulatory Reporting Working Groups
ATT4: Presentation slides – AALC
ATT5: Presentation slides – VFA Focus Group
ATT6: Presentation slides – PHI Focus Group

 

24 September 2020
Agenda: AASB 17 TRG – 24 September 2020
Minutes: AASB 17 TRG – 24 September 2020
ATT1: Presentation slides – APRA
Presentation 1: Update from Institute of Actuaries Taskforce
Presentation 2: Update from Reinsurance and Regulatory Reporting Working Group
ATT2: Presentation slides – AASB survey results
ATT3: Paper for discussion – Premiums receivable for expired coverage
ATT4: Presentation slides – VFA Focus Group
ATT5: Paper for noting – VFA revenue
ATT6: Presentation slide – Contracts in their claims settlement period
ATT7: Memo – Premiums receivable from intermediaries

 

22 June 2020
Agenda: AASB 17 TRG – 22 June 2020 
Minutes: AASB 17 TRG – 22 June 2020
ATT1: Presentation slides –  Institute of Actuaries Taskforce (Reinsurance Working Group)
ATT2: Presentation slides – The Accountants and Actuaries Liaison Committee
ATT3: Paper for discussion – Premium receivable
ATT4: Paper for discussion – Discounting
ATT5: Contracts acquired in the claims settlement period –  progress update
 
23 March 2020
Agenda: AASB 17 TRG – 23 March 2020
Minutes: AASB 17 TRG – 23 March 2020
ATT1: APRA letter – Industry preparedness for AASB 17
ATT2: APRA presentation slides
ATT3: Determination of Cash Flows
ATT4: Asset for Insurance Acquisition Cash Flows – Transition Issues
ATT5: Paper summarising the 25 areas of concerns
ATT6: Contracts acquired in their claims settlement period
ATT7: Paper from Hong Kong Insurance Implementation Support Group – Examples of complexity of coverage units determination

 

14 Nov 2019 
Agenda: AASB 17 TRG – 14 Nov 2019
Minutes: AASB 17 TRG - 14 Nov 2019 
ATTM1: Presentation - APRA
ATTM2: AASB TRG Reinsurance Working Group paper on risk adjustment

 

22 Aug 2019 
Minutes: AASB 17 TRG – 22 Aug 2019
Agenda: AASB 17 TRG - 22 Aug 2019 
ATTM1: Proposed amendments to IFRS 17 Insurance Contracts
ATTM2: Presentation - AASB 17 TRG Meeting
ATTM3: Presentation - APRA's IFRS (AASB) 17 Approach
26 Jul 2019 
Minutes: AASB 17 TRG – 26 Jul 2019
Agenda: AASB 17 TRG - 26 Jul 2019 
ATTM2: PAA double count for Unpaid Premium relating to past service
ATTM4: AASB TRG proposals on ED response in respect of 25 topics discussed by IASB
27 March 2019
Minutes: AASB 17 TRG – 27 Mar 2019
26 November 2018
AASB TRG submission to the IASB on 25 issues
Minutes: AASB 17 TRG – 26 Nov 2018
17 September 2018
Agenda: AASB 17 TRG – 17 September 2018
Minutes: AASB 17 TRG – 17 September 2018
AP12: Contract Boundary for CTP Insurance 
13 July 2018
Minutes: AASB 17 TRG – 13 Jul 2018
Agenda: AASB 17 TRG – 13 Jul 2018
AP01 AASB Submission form for potential implementation question
AP02 IFRS Submission form for potential implementation question
AASB 17 TRG submission to IASB IFRS 17 TRG – Risk Adjustment
23 Apr 2018
Minutes: AASB 17 TRG – 23 Apr 2018
13 Mar 2018
Minutes: AASB 17 TRG – 13 Mar 2018
AP01 Presentation of groups of insurance contracts in the statement of financial position
AP02 Premium received applying the premium allocation approach
AP03 Subsequent treatment of contracts acquired in their settlement period
AP04 Determining quantity of benefits for identifying coverage units
Submission to IASB Supplementary paper to submissions on implementation questions
AASB 17 TRG submission to IASB IFRS 17 TRG – Contract boundary for Australian insurance products
29 Jan 2018
Minutes: AASB 17 TRG – 29 Jan 2018
11 Jan 2018 
Minutes: AASB 17 TRG – 11 Jan 2018
Appendix 1: Original submission received 
Appendix  2: Updated submission sent to the IASB 
16 Nov 2017
Minutes: AASB 17 TRG – 16 Nov 2017
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