Document ID: chunk:federal_register_of_legislation:F2023L00307:body:0:p5
Version: federal_register_of_legislation:F2023L00307
Segment Type: other
Provision Reference: 
Character Range: 11685–14700

to 14 do not apply to an investment in a subsidiary, joint venture or associate 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.

Any other related party exposures (both on and off-balance sheet) are to be reported in Section 2. Exposures to the same related party across multiple types of exposures should be reported on separate lines.

Joint operations

For the purposes of this form, a joint operation as defined under Australian Accounting Standard AASB 11 Joint Arrangements (AASB 11) is to be treated as a joint venture.

Instructions for specific items

Section 1: Investments in subsidiaries, joint ventures and associates and contributions to regulatory adjustments

    (1)         Name
This column reports the registered business name of the subsidiary, associate or joint venture of the insurer.
    (2)         ACN / ABN
Where relevant, this column reports the Australian Company Number (ACN) of the reported subsidiary, associate or joint venture.  In cases where an entity doesn't have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Body Number (ARBN), the ABN or ARBN should be reported.  If an entity does not have an ACN, ABN, or ARBN the column should be left blank.
Input the number without spaces.
    (3)         Category
This column reports the appropriate category of the related entity i.e. whether it is a subsidiary, joint venture or associate.
    (4)         Description / nature of business
This column provides a brief description of the main business conducted by the subsidiary, joint venture or associate.

    (5)         Country of incorporation
This column reports the country in which the subsidiary, joint venture or associate is incorporated.

    (6)         Total assets
This column reports the total assets of the subsidiary, joint venture or associate as reported on its own balance sheet.

    (7)         Value of investment net of goodwill and other intangibles
This column reports the value of the investment in the subsidiary, joint venture or associate as reported on the reporting insurer's balance sheet, adjusted for goodwill and intangible assets.

    (8)         Ownership percentage (%)
This is the percentage of the insurer's ownership of shares or units of the subsidiary, associate or joint venture.

Report this as a number between zero and 100.

    (9)         Goodwill
This is the value of goodwill reported on the balance sheet of the subsidiary, joint venture or associate, 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.

    (10)     Other intangibles
This is