Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p18
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 61248–64270

as approved by APRA.
             Report adjustments that would result in an increase to the net assets of the fund as a positive value.
Item 1.7     Report transitional adjustments to net assets of the fund.
             Report the increase to net assets of the fund if electing to participate in the transitional arrangements described in HPS 112.
             Report adjustments that would result in an increase to net assets of the fund as a positive value.

2. Tier 2 Capital
Item 2    Tier 2 Capital is a derived item and is calculated as the sum of:
                 * item 2.1;
                 * item 2.3; and
                 * item 2.4
          less:
                 * item 2.2.
Item 2.1  Report eligible Tier 2 Capital instruments issued by the fund.
          Report this net of any amortisation required under HPS 112.
Item 2.2  Report holdings of own Tier 2 Capital instruments.
          This item is to be reported as a positive value where the health benefits fund or general fund has holdings of the private health insurer's own issued Tier 2 instruments and is a deduction to Tier 2 Capital.
Item 2.3  Report adjustments and exclusions to Tier 2 Capital.
          Report adjustments that would increase the amount of Tier 2 Capital recognised as a positive value.
Item 2.4  Report transitional Tier 2 Capital.

3. Capital base
Item 3  Capital base is a derived item and is calculated as the sum of:
               * item 1.1;
               * item 1.2;
               * item 1.3;
               * item 1.6;
               * item 1.7; and
               * item 2
        less the sum of:
               * item 1.4; and
               * item 1.5.

4. Capital ratios
 Item 4.1   Report the prescribed capital amount.
 Item 4.2   Capital base (net of Tier 2 Capital) ratio is a derived item and is calculated as:
                  * item 3 less item 2

            divided by:
                  * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.3   Prescribed capital amount coverage is a derived item and is calculated as:
                  * item 3

            divided by:
                  * item 4.1.

            This ratio is expressed as a percentage.

 Item 4.4   Net assets ratio is a derived item and is calculated as:
                  * item 1.1 multiplied by 1.2

            divided by:
                  * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.5   Prescribed capital amount coverage (net assets) is a derived item and is calculated as the sum of:
                  * item 1.1 multiplied by 1.2; and
              * item 2
            divided by:
                  * item 4.1.

            This ratio is expressed as a percentage.

Table 2: Determination of Capital Base (Private health insurer)

Reporting basis
Report information for the private health insurer's capital base.

Units of measurement
Report the values in this table in whole Australian dollars (no decimal place).
Column 1   Report the value for each of the