Document ID: chunk:federal_register_of_legislation:F2023L00583:front:0:p7
Version: federal_register_of_legislation:F2023L00583
Segment Type: other
Provision Reference: 
Character Range: 17311–20462

112 - Income Taxes (AASB 112).

(Items subject to Asset Risk Charge type)
Derivatives (assets)                                   This is the value of all open derivative positions reported as assets.

(Items subject to Asset Risk Charge type)
Derivatives (liabilities)                              This is the value of all open derivatives positions reported as liabilities.

(Items subject to Asset Risk Charge type)
Dividend yield used in determination of equity stress  This is the dividend yield of the ASX 200 index used in determining the reduction in equity asset values under the equity stress scenario.

(Yields used in stress scenarios type)

E

Earnings yield used in determination of property stress  This is the average earnings yield before taxes used in determining the reduction in infrastructure asset values under the property stress scenario.

(Yields used in stress scenarios type)
Equities (direct)                                        This is the value, as at the relevant date, of equity securities and of subordinated debt securities. Equity securities are, as defined by the Australian Accounting Standards, contracts that evidence a residual interest in the assets of an entity after deducting all its liabilities. This includes equity securities lent or sold by the entity under repurchase agreements, where the transaction does not result in the transfer of the rights of ownership of the securities away from the entity to another party. Subordinated debt is a debt security where the claim to repayment ranks lower in priority to other claims.

(Items subject to Asset Risk Charge type)
Equity stress                                            This is the impact on the health benefits fund's or general fund's capital base of a fall in equity and other asset values and is calculated in accordance with HPS 114.

(Stress scenario type)                                   This stress applies to both listed and unlisted equity assets and to any other assets that are not considered in any of the other asset risk stresses. This stress also includes an increase to equity volatility.
Expected inflation downwards stress                      Expected inflation stress measures the impact on the health benefits fund's or general fund's capital base of changes to expected Consumer Price Index inflation rates. It also affects nominal interest rates.

(Stress scenario type)                                   This item reports the impact on the capital base of the health benefits fund or general fund arising from the application of the downward expected inflation stress and is calculated in accordance with HPS 114.
Expected inflation upwards stress                        Expected inflation stress measures the impact on the health benefits fund's or general fund's capital base of changes to expected Consumer Price Index inflation rates. It also affects nominal interest rates.

(Stress scenario type)                                   This item reports the impact on the capital base of the health benefits fund or general fund arising from the application of the upward expected inflation stress and is