Document ID: chunk:federal_register_of_legislation:F2023L00580:body:0:p6
Version: federal_register_of_legislation:F2023L00580
Segment Type: other
Provision Reference: 
Character Range: 14287–17588

business, recognised for the 12 months ending on the date that is 12 months prior to the reporting date.

                                                                                        Written premium revenue is the amount charged in relation to accepting risk from the insured. For the purposes of the Operational Risk Charge calculation, this includes levies imposed by state and territory governments, and revenue relating to portfolio transfers and unclosed business.

ORCI - GWP for the 12 months ending on the reporting date                               This is the value of written premium revenue (gross of reinsurance), relating to the reporting insurer's inwards reinsurance business, recognised for the 12 months ending on the reporting date.

                                                                                        Written premium revenue is the amount charged in relation to accepting risk from the insured. For the purposes of the Operational Risk Charge calculation, this includes levies imposed by state and territory governments, and revenue relating to portfolio transfers and unclosed business.

ORCNI - Central estimate of net insurance liabilities                                   This is the value, relating to the business written directly by the reporting insurer, of the central estimate component of OCL and PL, net of any recoveries that relate to the gross OCL and gross PL, determined in accordance with GPS 340.

ORCNI - GWP for the 12 months ending on the date 12 months prior to the reporting date  This is the value of written premium revenue, relating to business written directly by the reporting insurer, recognised for the 12 months ending on the date that is 12 months prior to the reporting date.

                                                                                        Written premium revenue is the amount charged in relation to accepting risk from the insured. For the purposes of the Operational Risk Charge calculation, this includes levies imposed by state and territory governments, and revenue relating to portfolio transfers and unclosed business.

ORCNI - GWP for the 12 months ending on the reporting date                              This is the value of written premium revenue, relating to business written directly by the reporting insurer, recognised for the 12 months ending on the reporting date

                                                                                        Written premium revenue is the amount charged in relation to accepting risk from the insured. For the purposes of the Operational Risk Charge calculation, this includes levies imposed by state and territory governments, and revenue relating to portfolio transfers and unclosed business.

Specific instructions

Reporting basis
Report items relating to the Operational Risk Charge

Report all items gross of any associated outwards reinsurance expense.

Units of measurement

This values in this table must be completed in whole Australian dollars.

Table 1: Operational Risk Charge
 Column 1  Report the value for each of the items listed below.

 1.  Operational Risk Charge for inwards reinsurance business (ORCI)

 Item 1    The ORCI is a derived item and is calculated using the formula in accordance with