Document ID: chunk:federal_register_of_legislation:F2023L00315:body:0:p13
Version: federal_register_of_legislation:F2023L00315
Segment Type: other
Provision Reference: 
Character Range: 34661–37975

apparel; hotels; restaurants & leisure; media; retailing.

Consumer Staples

Food & drug retailing; food beverage & tobacco; household & personal products.

Health Care

Health care equipment & services; pharmaceuticals & biotechnology.

Financials Excluding Property Trusts

Financials include: banks; diversified financials; insurance; and real estate.

Information Technology

Software & services; technology hardware & equipment.

Telecommunication Services

Diversified telecommunication services; wireless telecommunication services.

Utilities

Electric utilities; gas utilities; multi-utilities; water utilities.

Property Trusts

Investments in real estate via a trust structure.

Total exposure to all sectors

This is automatically calculated as the sum of the 11 GICS sectors, and each currency.

Section 3: Direct property holdings

     1. Total direct property investments

Property investments denominated in a currency other than Australian currency must also be reported in this section. Property investments are those where the investments (earnings and capital value) are dependent on cashflows generated by the property through sale or rental income. Holdings in listed and unlisted property trusts are to be reported in Section 5 of this form.

     1.1.               Office

Report the value of property investments that are used as offices.

     1.2.               Retail

Report the value of property investments that are used for retail purposes, including retail shops, restaurants and shopping centres.

     1.3.               Tourism and leisure

Report the value of property investments that are used for tourism and leisure purposes (e.g. hotels, motels and lodgings, recreational and sporting facilities, hotel developments, time-share developments and other hospitality industries).

     1.4.               Infrastructure

Report the value of property investments that are classified as infrastructure (e.g. roads, bridges, power stations).

     1.5.               Other

This is a balancing item and is the value of property investments that are not included in one of the other classifications in Items 1.1 to 1.4 in Section 3.

It is automatically calculated as Item 1.6 less the sum of Items 1.1 to 1.4.

     1.6.               Total direct property investments

This is the value of property held by the reporting insurer as at the relevant date, in accordance with the classification and measurement basis under Australian Accounting Standards.

      1.6.1. Of which: denominated in a currency other than the Australian currency

This is the value of direct property investments that are denominated in a currency other than the Australian currency.

Section 4: Loans and advances

    (1) Balance outstanding

Report the aggregate value of the outstanding loans provided by the reporting insurer gross of any provision for impairment.

     (2) Value of security

Report the aggregate fair value of property or other assets that are taken as security for the loan provided by the reporting insurer.

     (3) Provision for impairment

Report the aggregate provision for impairment applying to the particular loan portfolio / classifications listed (e.g. households).

For the purposes of the APRA forms, impairment means that