Document ID: chunk:federal_register_of_legislation:F2023L00639:body:0:p8
Version: federal_register_of_legislation:F2023L00639
Segment Type: other
Provision Reference: 
Character Range: 20752–23778

Report the Operational Risk Charge.

5.     Aggregation benefit
 Item 5  Report the aggregation benefit.
         An aggregation benefit which would result in a decrease to the prescribed capital amount should be reported as a positive value.

6.     Tax benefits
 Item 6    Report the tax benefits.

 Item 6.1    Report the tax benefits from Asset Risk Charge.

 Item 6.2    Report the tax benefits from Insurance Risk Charge.

 Item 6.3    Report the tax benefits aggregation reduction.

7.     Adjustments to prescribed capital amount as approved by APRA
 Item 7  Report the adjustments to prescribed capital amount as approved by APRA.
         Report adjustments that would result in an increase to prescribed capital amount as a positive value.

8.     Prescribed capital amount
 Item 8  The Prescribed capital amount is a derived item and is calculated as the sum of:

                * Item 1;
                * Item 2;
                * Item 3;
                * Item 4; and
                * Item 7

         less:

                * Item 5; and
                * Item 6.

         The prescribed capital amount for a health benefits fund is subject to a minimum of $5 million, and will be automatically applied where the calculated sum of risk charge components for a health benefits fund is less than this amount.

Table 2: Prescribed Capital Amount (Private Health Insurer)

Reporting basis

Report information related to the private health insurer's prescribed capital amount.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

 Column 1  Report the value for each of the items listed below.

1. Insurance Risk Charge
 Item 1  Report the Insurance Risk Charge.

2. Asset Risk Charge
 Item 2  Report the Asset Risk Charge.

3. Asset Concentration Risk Charge
 Item 3  Report the Asset Concentration Risk Charge.

4. Operational Risk Charge
 Item 4  Report the Operational Risk Charge.

5. Aggregation benefit
 Item 5  Report the aggregation benefit.
         An aggregation benefit which would result in a decrease to prescribed capital amount should be reported as a positive value.

6. Tax benefits
 Item 6  Report the tax benefits.

7. Adjustments to prescribed capital amount as approved by APRA
 Item 7  Report the adjustments to prescribed capital amount as approved by APRA.
         Report increases in the prescribed capital amount as positive values.

8. Prescribed capital amount
 Item 8  The prescribed capital amount is a derived item and is calculated as the sum of:

                * Item 1;
                * Item 2;
                * Item 3;
                * Item 4; and
                * Item 7

         less:

                * Item 5; and
                * Item 6.

         The prescribed capital amount for a private health insurer will be automatically increased where the calculated sum of risk charge components is less than the minimum of $5 million for a health benefits fund of the private health insurer.