Document ID: chunk:federal_register_of_legislation:F2023L00721:front:0:p8
Version: federal_register_of_legislation:F2023L00721
Segment Type: other
Provision Reference: 
Character Range: 23010–27223

rate investments (direct);
(Asset class type)                                     * equities (direct);
                                                       * property (direct);
                                                       * loans (direct); or
                                                       * indirect investments.

Other management expenses                           This is the value of any expenses related to conducting the private health insurer business type, other than those separately reported as other business expenses type.

(Other business expenses type)
Other non-insurance health-related business         This means non-insurance revenues of the private health insurer fund type related to health-related business, as defined in the Act, other than those related to dental services, optical services, health services provided in hospital and medical centres or agency business.

(Health-related business non-insurance activities)
Other retained earnings movements                   This consists of all movements in retained earnings movements not specifically categorised as the following retained earnings item types:
                                                        * profit / loss after income tax attributable to members of the company;
                                                        * adjustments to retained earnings due to change in accounting policies / standards;
                                                        * reduction in retained earnings on share buy back;
                                                        * transfers to / from reserves;
                                                        * transfers to / from parent entity;
                                                        * dividends declared or paid; and
                                                        * transfers to / from other funds.
Overseas student health cover (OSHC)                Overseas student health cover refers to overseas student health insurance contracts and has the meaning in the Private Health Insurance (Health Insurance Business) Rules 2018.

(Health-related insurance business)
Overseas visitor cover (OVC)                        Overseas visitor cover is the total of certain overseas visitors and specified temporary visa holder health insurance contracts.

(Health-related insurance business)                 Certain overseas visitors and specified temporary visa holder health insurance contracts have the meaning in the Private Health Insurance (Health Insurance Business) Rules 2018.

P
Private health insurer business type                                   The private health insurer business types are:
                                                                           * health insurance business;
                                                                           * health-related insurance business; or
                                                                           * health-related business – non-insurance.
Private health insurer fund type                                       This is either health benefits fund or general fund.
Profit / loss after income tax attributable to members of the company  Report this item in accordance with AASB 101.81B (a) (ii) for the private health insurer fund type.

(Retained earnings item type)

Property (direct)                                                      Property (direct) is property held by the health benefits fund or general fund, in accordance with the classification and measurement basis under the relevant Australian Accounting Standards.

(Asset class type)

R
Reduction in retained earnings on share buy back            This is the value of the reduction in the private health insurer's retained earnings due to the buy back, or repurchase, of shares on issue during the relevant period. This represents the portion of the consideration used for share buy backs that is allocated to retained earnings.
Reinsurance premiums ceded amount                           This is the value of health-related insurance business accrued premium ceded to a reinsurer.
Reinsurance recoveries amount                               This