Document ID: chunk:federal_register_of_legislation:F2023L00622:body:0:p15
Version: federal_register_of_legislation:F2023L00622
Segment Type: other
Provision Reference: 
Character Range: 50385–53524

the reported surplus, report this value as zero.

Item 2.6     Report deficit in defined benefit superannuation funds.

             This only needs to be reported where the deficit is not already reflected in the net assets of the fund or the Common Equity Tier 1 Capital of the life company.

             Report the deficit (if any) as a positive number.

Item 2.7     Report reinsurance assets not subjected to an executed and legally binding contract.

Item 2.8     Report regulatory capital requirement of investments in subsidiaries, JVs and associates.

             The amount of deduction is lesser of the fund's or life company's share of regulatory capital requirement and the value of the investment that is recorded on the fund's balance sheet after adjusting for any intangibles reported in goodwill and other intangible assets.

             If the investment subject to this deduction is a non-operating holding company, a look-through approach must be applied.

Item 2.9     Report assets under a fixed or floating charge.

Item 2.10    Liability adjustments is a derived item and is calculated as the sum of:

                  * item 2.10.1; and
                  * items 2.10.5 to 2.10.7 inclusive

             less:

                  * items 2.10.2 to 2.10.4 inclusive; and
                  * item 2.10.8.
Item 2.10.1  Report adjusted policy liabilities deficit / (surplus).

             Report the deficit as a positive number and the surplus as a negative number.

Item 2.10.2  Report premiums receivable.

             Report this item as a positive number.

Item 2.10.3  Report reinsurance recoveries receivable.

             Report this item as a positive number.

Item 2.10.4  Report other accounts receivable.

             Report this item as a positive number.

Item 2.10.5  Report claims payable.

             Report this item as a positive number.

Item 2.10.6  Report reinsurance premiums payable.

             Report this item as a positive number.

Item 2.10.7  Report other accounts payable.

             Report this item as a positive number.

Item 2.10.8  Report additional tax benefits / (liabilities) from liability adjustments.

             Report any tax benefits arising from liability adjustments as a positive number.

Item 2.11    Report fair value adjustments.

             Where the asset fair value is less than the reported value in the balance sheet of the fund or life company, report a positive value. Otherwise, report this as a negative value.

Item 2.12    Report adjustments to net assets of the fund due to shortfalls in Tier 2 Capital.

             Report this as a positive number where it would result in a reduction to net assets of the fund.

Item 2.13    Report other net asset adjustments.

             Report this as a positive number where it would result in a reduction to net assets of the fund.

Item 2.14    Report seed capital receivable from approved benefit fund.

             This item only applies to friendly societies.

3. Tier 2 Capital

Item 3    Tier 2 Capital is a derived item.

          It is calculated as  the sum of: