Document ID: chunk:federal_register_of_legislation:F2023L00710:front:0:p6
Version: federal_register_of_legislation:F2023L00710
Segment Type: other
Provision Reference: 
Character Range: 14407–15819

greater than the value determined in accordance with GPS 340. It also relates to the risk that material net written premium, as defined in GPS 115, will be insufficient to fund the liabilities arising from that business.
                                                              This must be determined in accordance with GPS 115.

O
Operational Risk Charge  The Operational Risk Charge is the minimum amount of capital required to be held against operational risks. The Operational Risk Charge relates to the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.
                         This must be determined in accordance with Prudential Standard GPS 118 Capital Adequacy: Operational Risk Charge.

P
Prescribed capital amount  The prescribed capital amount must be determined in accordance with Prudential Standard GPS 110 Capital Adequacy.

Specific instructions

Table 1: Adjustments and exclusions

Reporting basis
For a licensed insurer, report the adjustments and exclusions to the prudential standard requirements, as approved by APRA.

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

                                                    Valid values
   Name                                                                                                                 Description