Document ID: chunk:federal_register_of_legislation:F2023L00721:front:0:p4
Version: federal_register_of_legislation:F2023L00721
Segment Type: other
Provision Reference: 
Character Range: 8581–12314

same meaning as in the Act;

        reporting period means a period mentioned in paragraph 6 or, if applicable, paragraph 7; and

        the Act means the Private Health Insurance (Prudential Supervision) Act 2015.

19.         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 HRS 101.0

Regulatory Income Statement – Supplementary Information

General instructions

Purpose

This reporting standard contains details related to revenue and expenses for each health benefits fund or the general fund. The data collected by APRA supplements information provided in Reporting Standard HRS 310.0 Statement of Profit or Loss and Other Comprehensive Income, and is not intended to be aggregated to produce a financial performance result.

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.

Any specific combination of values in a table must not appear on more than one row in that table when reported.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

A
Accrued premium                                                                    This refers to accrued premium as defined in HPS 001.
Accrued premium discounts amount                                                   The value of the effects on the HIB accrued premium (as recognised in Table 1: Insurance Revenue – HIB Accrued Premium by state) by discounts which are intended to be offered on an ongoing basis and/or to persons who have already purchased a policy. An example would be offering a discount for all policy holders paying electronically.
Accrued premium promotions amount                                                  The value of the effects on the HIB accrued premium (as recognised in Table 1: Insurance Revenue – HIB Accrued Premium by state) by promotions which are offered to a person at the time the person first purchases a policy. An example would be offering a free period of cover to a new member.
Adjustments to retained earnings due to change in accounting policies / standards  This is the value of aggregate adjustments to retained earnings due to changes in accounting policies or accounting treatment.

(Retained earnings item type)
Agency business                                                                    This is revenues of the private health insurer fund type related to agency business, as defined under Private Health Insurance (Health Benefits Fund Policy) Rules 2015.

(Health-related business non-insurance activities)
Asset class type                                                                   The asset class types are:
                                                                                       * interest rate investments (direct);
                                                                                       * equities (direct);
                                                                                       * property (direct);
                                                                                       * loans (direct);
                                                                                       * indirect investments; and
                                                                                       * other investments.

C
Claims