Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p12
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 38895–44793

capital amount                        Prescribed capital amount is defined in HPS 110.
Prescribed capital amount coverage               Prescribed capital amount coverage is calculated as:
                                                     * capital base;
                                                 divided by:
                                                     * prescribed capital amount.
Prescribed capital amount coverage (net assets)  For each health benefits fund or general fund, prescribed capital amount coverage (net assets) is calculated as the sum of:
                                                     * net assets of the fund multiplied by 1.2; and
                                                     * Tier 2 Capital
                                                 divided by:
                                                     * prescribed capital amount.
                                                 For the private health insurer, prescribed capital amount coverage (net assets) is calculated as the sum of:
                                                     * Additional Tier 1 Capital;
                                                     * Tier 2 Capital; and
                                                     * net assets (less equity components classified as Additional Tier 1 Capital) multiplied by 1.2
                                                 divided by:
                                                     * prescribed capital amount.

R
Regulatory adjustments to Common Equity Tier 1 Capital                             This is the total of all regulatory adjustments applied to Common Equity Tier 1 Capital specified in HPS 112.
                                                                                   Regulatory adjustments to Common Equity Tier 1 Capital is calculated as the sum of:
                                                                                          * holdings of own Common Equity Tier 1 Capital instruments;
                                                                                          * cash flow hedge reserves relating to hedging of items not recorded at fair value;
                                                                                          * excess of deferred tax assets over deferred tax liabilities;
                                                                                          * fair value gains and losses from changes in own creditworthiness;
                                                                                          * goodwill;
                                                                                          * other intangible assets;
                                                                                          * surplus in defined benefit superannuation fund;
                                                                                          * deficit in defined benefit superannuation fund;
                                                                                          * reinsurance assets not subjected to an executed and legally binding contract;
                                                                                          * regulatory capital requirement of investments in subsidiaries, JVs and associates;
                                                                                          * assets under a fixed or floating charge;
                                                                                          * regulatory adjustments to Common Equity Tier 1 Capital for receivables/payables;
                                                                                          * fair value adjustments;
                                                                                          * adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital; and
                                                                                          * other Common Equity Tier 1 Capital adjustments.
Regulatory adjustments to Common Equity Tier 1 Capital for accounts payables       This item represents the aggregate regulatory adjustments for accounts payables made across all health benefits or general funds.
Regulatory adjustments to Common Equity Tier 1 Capital for accounts receivables    This item represents the aggregate regulatory adjustments for accounts receivables made across all health benefits or general funds.
Regulatory adjustments to net assets                                               This is the total of all regulatory adjustments applied to net assets specified in HPS 112.
                                                                                   It is calculated as the sum of:
                                                                                          * holdings of own Common Equity Tier 1 Capital instruments;
                                                                                          * cash flow hedge reserves relating to hedging of items not recorded at fair value;
                                                                                          * excess of deferred tax assets over deferred tax liabilities;
                                                                                          * fair value gains and losses from changes in own creditworthiness;
                                                                                          * goodwill;
                                                                                          * other intangible assets;
                                                                                          * surplus in defined benefit superannuation fund;
                                                                                          * deficit