Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p13
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 44000–49625

recorded at fair value;
                                                                                          * excess of deferred tax assets over deferred tax liabilities;
                                                                                          * fair value gains and losses from changes in own creditworthiness;
                                                                                          * goodwill;
                                                                                          * other intangible assets;
                                                                                          * surplus in defined benefit superannuation fund;
                                                                                          * deficit in defined benefit superannuation fund;
                                                                                          * reinsurance assets not subjected to an executed and legally binding contract;
                                                                                          * regulatory capital requirement of investments in subsidiaries, JVs and associates;
                                                                                          * assets under a fixed or floating charge;
                                                                                          * fair value adjustments;
                                                                                          * adjustments to net assets of the fund due to shortfall in Tier 2 Capital; and
                                                                                          * other net asset adjustments.
Regulatory adjustments to net assets for accounts payables                         This is the value of any adjustments to be deducted from net assets relating to accounts payables, net of tax effects. It is calculated as the sum of:
                                                                                          * claims payable;
                                                                                          * amounts payable on reinsurance contracts held; and
                                                                                          * other accounts payable on insurance contracts issued
                                                                                   less:
                                                                                          * reversal of tax impact of payables.
Regulatory adjustments to net assets for accounts receivables                      This is the value of any adjustments to be added to net assets relating to accounts receivables, net of tax effects. It is calculated as the sum of:
                                                                                          * premiums receivable;
                                                                                          * amounts receivable on reinsurance contracts held;
                                                                                          * non-reinsurance recoveries receivable; and
                                                                                          * other accounts receivable on insurance contracts issued
                                                                                   less:
                                                                                          * reversal of tax impact of receivables.
Regulatory capital requirement of investments in subsidiaries, JVs and associates  This is the deduction for investments in subsidiaries, joint ventures and associates that are subject to regulatory capital requirements as detailed in HPS 112.

Reinsurance assets not subjected to an executed and legally binding contract       This is the value of reinsurance assets (if positive) reported in relation to each reinsurance arrangement that, subject to a six-month grace period from risk inception, does not comprise an executed and legally binding contract.
Reserves from equity-settled share-based payments                                  This is the value of reserves from equity-settled share-based payments granted to employees as part of their remuneration package that meets the requirements of HPS 112. Only the reserves relating to the issue of new shares should be reported.
Retained earnings                                                                  This is the value, as at the end of the reporting period, of retained earnings.  This should not include the value of undistributed current year earnings.
Reversal of tax impact of payables                                                 This is the value related to the reversal of tax effect of the payables items:
                                                                                          * claims payable;
                                                                                          * amounts payable on reinsurance contracts held; and
                                                                                          * other accounts payable on insurance contracts issued.
Reversal of tax impact of receivables                                              This is the value related to the reversal of tax effect of the receivable items:
                                                                                          * premiums receivable;
                                                                                          * amounts receivable