Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p21
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 69939–73011

Additional Tier 1 Capital instruments.
Item 1.2.2     Report holdings of own Additional Tier 1 Capital instruments.
               This is to be reported as a positive value where it would result in a reduction to Additional Tier 1 Capital.
Item 1.2.3     Report adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 Capital.
               This is to be reported as a positive value where it would result in a reduction to Additional Tier 1 Capital.
Item 1.2.4     Report adjustments and exclusions to Additional Tier 1 Capital.
               Report adjustments that would increase the amount of Additional Tier 1 Capital as a positive value.
Item 1.2.5     Report transitional Additional Tier 1 Capital.
Item 1.2.6     Report excess mutual equity interests.

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.
          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 private health insurer has holdings of its own issued Tier 2 instruments.
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; and
               * Item 2.

4. Capital ratios
 Item 4.1   Report prescribed capital amount.
 Item 4.2   Report the net assets (less equity components classified as Additional Tier 1 Capital) amount.
 Item 4.3   Common Equity Tier 1 Capital ratio is a derived item and is calculated as:
                   * item 1.1

            divided by:
                   * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.4   Tier 1 Capital ratio is a derived item and is calculated as:
                   * item 1

            divided by:
                   * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.5   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 4.6   Net assets ratio is a derived item and is calculated as:
                   * item 4.2 multiplied by 1.2

            divided by:
                   * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.7   Net assets plus Additional Tier 1 Capital ratio is a derived item and is calculated as the sum of:
                   * item 1.2; and
                   * item 4.2 multiplied by 1.2

            divided by:
                   * item 4.1.

            This ratio is expressed as a percentage.
 Item 4.8