Document ID: chunk:federal_register_of_legislation:F2023L00702:front:0:p11
Version: federal_register_of_legislation:F2023L00702
Segment Type: other
Provision Reference: 
Character Range: 33267–38057

as a component of liability adjustment (gross of tax effect).

                                                                    This item must not be reported as a component of other asset and liability items including adjusted policy liability related items reported in this Reporting Standard.
Other investment assets (exclude derivative financial instruments)  This is the value of all other investment assets not specifically categorised as:

                                                                        * cash;
(Items subject to Asset Risk Charge type)                               * investment property;
                                                                        * listed equities;
                                                                        * unlisted equities;
                                                                        * non-indexed interest-bearing securities;
                                                                        * indexed interest-bearing securities; or
                                                                        * loans.
Other liabilities                                                   This consists of all liabilities excluding adjusted policy liabilities not specifically categorised as:

                                                                        * current tax liabilities;
(Items subject to Asset Risk Charge type)                               * deferred tax liabilities;
                                                                        * derivative financial instruments (liabilities);
                                                                        * subordinated debt;
                                                                        * claims payable;
                                                                        * reinsurance premiums payable; or
                                                                        * other accounts payables.
Other non-investment assets                                         This is the value of all non-investment assets not categorised as:

                                                                        * current tax assets;
(Items subject to Asset Risk Charge type)                               * deferred tax assets;
                                                                        * derivative financial instruments (assets);
                                                                        * premiums receivable;
                                                                        * reinsurance recoveries receivable; or
                                                                        * other accounts receivable.

P
Premiums receivable                        This is the amount related to insurance premiums due but not yet received which has been recognised within insurance and reinsurance contract liabilities and assets reported on the balance sheet under AASB 17.

(Items subject to Asset Risk Charge type)  Premiums should be gross of reinsurance and commissions, before profit share rebates, and inclusive of stamp duty, policy fees, loadings and discounts. This definition is consistent with the definition of premium defined in Reporting Standard LRS 750 Claims and Disputes (LRS 750.0). Life companies may use approximate methods to report this item if premiums which meet the outlined definition are not readily available (corresponding adjustments also need to be made in other accounts receivable or other accounts payable).

                                           Life companies must exclude any amount already allowed in adjusted policy liabilities to avoid double counting.

                                           This amount must be consistent with premiums receivable reported in LRS 112.0 as a component of liability adjustment (gross of tax effect).

                                           This item must not be reported as a component of other asset and liability items including adjusted policy liability related items reported in this Reporting Standard.
Property stress                            This is the impact on a fund's capital base of changes in property and infrastructure asset values and is calculated in accordance with LPS 114.

(Stress scenario type)

R
Real interest rates downwards stress                           Real interest rates stress measures the impact on a fund's capital base of downward changes in real interest rates. It also affects nominal interest rates.

(Stress scenario type)                                         This item is calculated in accordance with LPS 114.
Real interest rates upwards stress                             Real interest rates stress measures the