Document ID: chunk:federal_register_of_legislation:F2023L00264:body:0:p6
Version: federal_register_of_legislation:F2023L00264
Segment Type: other
Provision Reference: 
Character Range: 15712–17841

the equivalent amount to the prescribed capital amount if the investment is an entity carrying on life insurance business in a foreign jurisdiction;

    * a comparable regulatory capital requirement as agreed with APRA; or

    * no regulatory capital requirement.

  1(13).   Regulatory capital requirement

This column reports, where applicable, the regulatory capital requirement of the subsidiary, joint venture or associate.

Where such capital requirements do not exist, this item should be reported as zero.

  1(14).   Adjustment for regulatory capital requirement

This column reports the adjustment for investment in subsidiaries, joint ventures and associates that are subject to regulatory capital requirements.

As per Attachment B of LPS 112, this adjustment is calculated automatically as the lesser of the life company's share of the regulatory capital requirements and the value of the investment

that is recorded on the life company's balance sheet after adjustment for any intangible component as reported in column (11).

Section 2: Other related party exposures

  2(1).        Name

This column reports the registered business name of the relevant individual related party that the life company has exposures to.

  2(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.

  2(3).        Category

This column reports the appropriate category of the related party i.e. whether it is the parent, subsidiary, associate, joint venture or other related parties.

  2(4).        Type of exposure

This column reports the appropriate category for the exposure to the related party.

  2(5).        Fair value of exposure

This column reports the fair value of the exposures to the related party.