The Factors Provided in Paragraphs AG41 to AG42 to Consider

question 7

Multiple Choice

The factors provided in paragraphs AG41 to AG42 to consider in determining whether a superannuation entity is acting as an agent to include which of the following:

• A) members (or their beneficiaries) only receive insurance benefits if the external insurer/reinsurer pays claims
• B) insurance premiums are only paid through the superannuation entity for administrative reasons
• C) insurance premiums are effectively set directly by reference to premiums set by an external insurer.
• D) all of the above

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Definitions:

Stock Market

A public market for buying and selling company stock and derivatives at an agreed price; it's a key indicator of economic health.

Behavioral Economics Research

The study of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Net Change

refers to the difference in a financial instrument's closing price from one period to the next, indicating the level of price movement or volatility over time.

Utility

An economic term denoting the total satisfaction received from consuming a good or service.