Document ID: chunk:federal_register_of_legislation:F2016L01228:body:0:p6
Version: federal_register_of_legislation:F2016L01228
Segment Type: other
Provision Reference: 
Character Range: 13697–16788

of the entity.

    (5)         Value of investment net of goodwill and other intangibles
This column reports the value of the investment as reported on the Level 2 insurance group's balance sheet, adjusted for goodwill and intangible assets.

(6)         Goodwill
This is the value of goodwill reported on the balance sheet of the consolidated entity, net of adjustments to profit or loss reflecting changes arising from any impairment. The amounts reported must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

(7)         Other intangibles
This is the value of intangible assets, other than goodwill, reported on the balance sheet of the consolidated entity, net of adjustments to profit or loss reflecting changes arising from any impairment and amortisation. The amounts reported must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

(8)         Net tangible assets
This column reports the net assets of the entity as reported on the balance sheet, adjusted for goodwill and intangible assets.

Section 2: Interest in consolidated entities of the Level 2 insurance group - International
'Consolidated entities - International' includes only the international reporting entities included in the Level 2 insurance group. Do not include Australian reporting entities here. Consolidated entities which are not insurers within the Level 2 insurance group but are incorporated outside of Australia should also be reported here.
Columns 1 and 4 to 8 of this section have the same definition as the corresponding columns in Section 1.
    (2)         Region (for which net tangible assets are reported)
Report the region which most appropriately reflects the location of the assets and liabilities of the entity. This item is to be reported according to the following geographical regions: New Zealand; South East Asia; Asia Pacific; USA Americas; UK/Europe; and Other.
    (3)         Country of incorporation
This column reports the country in which the entity is incorporated.

Section 3: Interest in non-consolidated controlled entities of the Level 2 insurance group
Report controlled entities that are consolidated under Australian Accounting Standards but are treated, for prudential reporting purposes, as non-consolidated subsidiaries of the Level 2 insurance group under Prudential Standard GPS 001 Definitions.
Columns 8 to 11 do not apply to a non-consolidated controlled entity that:
    * is operationally independent;

    * represents a genuine arm's-length investment;

    * is not subject to regulatory capital requirements; and

    * does not undertake insurance business or business related to insurance business.

Unless otherwise specified below, the columns in this section have the same definition as corresponding columns in previous sections.  References to 'consolidated entities' in the previous sections must be read