Document ID: chunk:federal_register_of_legislation:F2023L00641:body:0:p26
Version: federal_register_of_legislation:F2023L00641
Segment Type: other
Provision Reference: 
Character Range: 92220–95437

less:
                    * item 1.6.
 Item 1.8      Total deductions for assets specifically excluded from being considered inside Australia is a derived item and is calculated as the sum of:
                    * items 1.8.1 to 1.8.13 inclusive.
 Item 1.8.1    Report the cash flow hedge reserves relating to hedging of items not recorded at fair value inside Australia amount.

 Item 1.8.2    Report the excess of deferred tax assets over deferred tax liabilities inside Australia amount.
               Where the deferred tax liabilities exceed the deferred tax assets, this value should be reported as zero.  Note that the netting of deferred tax assets and deferred tax liabilities must only be applied where the reporting insurer has a legally enforceable right to set-off deferred tax assets against deferred tax liabilities.
 Item 1.8.3    Report the fair value gains and losses from changes in own creditworthiness inside Australia amount.
               This amount is to be reported as a positive value where there are unrealised gains or a negative value for unrealised losses.
 Item 1.8.4    Report the goodwill inside Australia amount.
               Amounts reported in this item must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.
 Item 1.8.5    Report the other intangible assets inside Australia amount.

 Item 1.8.6    Report the surplus in defined benefit superannuation fund inside Australia amount.
               Report the surplus (if any) as a positive number.
               Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, this value should be reported as zero.
 Item 1.8.7    Report the deficit in defined benefit superannuation fund inside Australia amount.
               This item only needs to be reported where the deficit is not already reflected in adjusted net assets in Australia.
               Report the deficit (if any) as a positive number.
 Item 1.8.8    Report the reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test in Australia amount.

 Item 1.8.9    Report the reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements in Australia amount.

 Item 1.8.10   Report the regulatory capital requirement of investments in subsidiaries, JVs and associates inside Australia amount.
               The amount of the deduction is the lesser of the reporting insurer's share of the regulatory capital requirements and the value of the investment that is recorded on the reporting insurer's balance sheet after adjustment for any goodwill and intangible component as reported in:

                    * goodwill inside Australia; and
                    * other intangible assets inside Australia.

               If the investment subject to this deduction is a non-operating holding company, a look-through approach must be applied.
 Item 1.8.11   Report the assets under a fixed or floating charge inside Australia amount.

 Item 1.8.12   Report the fair value adjustments inside Australia