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:

Assessed

The determination of the value of a property or income by an official authority for taxation or pricing purposes.

Property Taxes

Taxes levied by local governments based on the assessed value of real estate property owned by individuals or businesses.

Municipal Services

Public amenities and services provided by a city or town government such as water supply, sewage, sanitation, public transportation, and parks.

Governmental Agencies

Governmental agencies are public entities established by governments to enact policies, regulate activities, and administer services in various sectors.