Document ID: chunk:federal_register_of_legislation:F2023L00622:body:0:p16
Version: federal_register_of_legislation:F2023L00622
Segment Type: other
Provision Reference: 
Character Range: 53266–56296

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:

               * item 3.1;
               * item 3.3; and
               * item 3.4

          less:

               * item 3.2.

Item 3.1  Report eligible Tier 2 Capital instruments issued by the fund.

          Report this net of any amortisation required under LPS 112.

Item 3.2  Report holdings of own Tier 2 Capital instruments.

          Report this as a positive number where it would result in a reduction to Tier 2 capital.

Item 3.3  Report adjustments and exclusions to Tier 2 Capital.

          Report this as a positive number where it would result in an increase to Tier 2 capital.

Item 3.4  Report transitional Tier 2 Capital.

4. Capital Base

Item 4  Capital base is a derived item and is calculated as the sum of:

             * items 1.1 to 1.3 inclusive; and
             * item 3

        less:

             * item 2.

5. Capital ratios

Item 5.1  Report prescribed capital amount.

Item 5.2  Report net assets of the fund (after seed capital adjustments) amount.

Item 5.3  Capital base (net of Tier 2 Capital) ratio is a derived item and is calculated as:

               * item 4 less item 3

          divided by:

               * item 5.1.

          This ratio is expressed as a percentage.

Item 5.4  Prescribed capital amount coverage is a derived item and is calculated as:

               * item 4

          divided by:

               * item 5.1.

          This ratio is expressed as a percentage.

Item 5.5  Net assets ratio is a derived item and is calculated as:

               * item 5.2 multiplied by 1.2

          divided by:

               * item 5.1.

          This ratio is expressed as a percentage.
Item 5.6  Prescribed capital amount coverage (net assets) is a derived item and is calculated as the sum of:

              * item 5.2 multiplied by 1.2; and
              * item 3

          divided by:

               * item 5.1.

          This ratio is expressed as a percentage.

Table 2: Determination of Capital Base (Life Company)

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of the life company. Report all information as at the reporting date.

Units of measurement

Report the values in this table in whole Australia dollars.
Column 1  Report the value for each item listed below.

1. Tier 1 capital

Item 1         Tier 1 Capital is a derived item and is calculated as the sum of:

                    * item 1.1; and
                    * item 1.2.
Item 1.1       Common Equity Tier 1 Capital is a derived item and should be calculated as the sum of:

                    * items 1.1.1 to 1.1.5 inclusive; and
                    * item 1.1.7

               less:

                    * item 1.1.6.
Item