Document ID: chunk:federal_register_of_legislation:F2023L00641:body:0:p5
Version: federal_register_of_legislation:F2023L00641
Segment Type: other
Provision Reference: 
Character Range: 11241–15636

of the Insurance Act;

       Note: In this Reporting Standard, a reference to an 'authorised insurer', 'authorised insurance entity' or 'licensed insurer' is a reference to an insurer, and a reference to an 'authorised reinsurance entity' is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.

       non-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;

       Principal Executive Officer means the principal executive officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the insurer; and

       reporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.

    18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.

Reporting Standard GRS 112.0

Determination of Capital Base

General instructions

Reporting tables

Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Definitions

Terms in bold italics are defined in this Definitions section of these instructions.

A

Accumulated other comprehensive income and other disclosed reserves                        This is the sum of all other comprehensive income and disclosed reserves and is calculated as the sum of:

                                                                                               * unrealised gains or losses recognised on balance sheet;
                                                                                               * reserves from equity-settled share-based payments;
                                                                                               * foreign currency translation reserve;
                                                                                               * general reserve;
                                                                                               * cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital; and
                                                                                               * other gains and losses in accumulated comprehensive income and other disclosed reserves.

Additional Tier 1 Capital                                                                  This is the value of instruments issued by the reporting insurer that meet the criteria for inclusion in Additional Tier 1 Capital in accordance with GPS 112, and which are not included in Common Equity Tier 1 Capital. This is net of regulatory adjustments specified in GPS 112.

                                                                                           Additional Tier 1 Capital is calculated as the sum of:

                                                                                               * Additional Tier 1 Capital instruments;
                                                                                               * adjustments and exclusions to Additional Tier 1 Capital;
                                                                                               * transitional Additional Tier 1 Capital; and
                                                                                               * excess mutual equity interests;

                                                                                           less:

                                                                                               * holdings of own Additional Tier 1 Capital instruments; and
                                                                                               * adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 capital.
Additional Tier 1 Capital instruments                                                      This is the value of capital instruments issued by the reporting insurer that meet the eligibility criteria for Additional Tier 1 Capital but not the criteria for