When to use the form
The form is only for general insurance companies.
Use it to choose to apply the extended transitional arrangements for general insurance companies.
Note:
- The choice is irrevocable.
- The choice must be made by the 2024 income tax return due date, or the day that return is lodged, whichever is earlier.
If an election to spread is not made, the default transitional arrangements apply.
For more information about the form, see our online guidance.
Download and complete the form
Download the PDF fillable form: General insurers – election to spread AASB 17 changes (PDF, 255KB)This link will download a file.
You can complete the form once you have downloaded it to your computer.
Before you sign the form
Make sure you have:
- provided all the relevant information correctly
- read the privacy statement before you sign and date the page.
Penalties may be imposed for giving false or misleading information.
When you have completed the form, print a copy for your record keeping purposes.
You can notify us of the election by emailing to the address provided on the form.