Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p4
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 8415–12721

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 private health insurer that meet the criteria for inclusion in Additional Tier 1 Capital in accordance with Prudential Standard HPS 112 Capital Adequacy: Measurement of Capital (HPS 112), and which are not included in Common Equity Tier 1 Capital. This is net of regulatory adjustments specified in HPS 112.
                                                                                           This 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 private health insurer that meet the eligibility criteria for Additional Tier 1 Capital but not the criteria for the higher quality capital, i.e. Common Equity Tier 1 Capital.
Adjustments and exclusions to Additional Tier 1 Capital                                    This is the value of adjustments applied to Additional Tier 1 Capital that is specific to the application of the requirements in HPS 112.
Adjustments and exclusions to Common Equity Tier 1 Capital                                 This is the value of adjustments applied to the Common Equity Tier 1 Capital that are specific to the application of the requirements in HPS 112.

Adjustments and exclusions to Tier 2 Capital                                               This is the value of adjustments applied to the Tier 2 Capital that are specific to the application of the requirements in HPS 112.
Adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 Capital                This is the value of any deductions (refer to HPS 112) from Additional Tier 1 Capital due to a shortfall in Tier 2 Capital to absorb required deductions from this category of capital.
Adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital  This is the value, as at the relevant date, of any deductions (refer to HPS 112) from Common Equity Tier 1 Capital due to a shortfall in Additional Tier 1 Capital to absorb required deductions from this category of capital.
                                                                                           Where the value of Tier 2 Capital as defined in HPS 112 is insufficient to cover the value of deductions required to be made from this category of capital, the shortfall must first be deducted from Additional Tier 1 Capital