Document ID: chunk:federal_register_of_legislation:F2023L00642:front:0:p7
Version: federal_register_of_legislation:F2023L00642
Segment Type: other
Provision Reference: 
Character Range: 16679–20767

relating to non-APRA-authorised reinsurers  Means the value of expected reinsurance recoveries related to non-APRA-authorised reinsurers.

I
Interest rate investments (direct)  This is the value of debt securities held by the reporting Level 2 insurance group as at the relevant date, plus the value of deposits and placements that have been classified by the reporting Level 2 insurance group as assets backing insurance liabilities for statutory reporting purposes. A debt security is a transferable instrument evidencing a relationship of indebtedness. It is characterised by having a definable return that is not based on the economic performance of the issuing entity.
Investment income receivable        This is the value, as at the relevant date, of investment income that is receivable by the reporting Level 2 insurance group net of any related provisions for doubtful debts. For the purposes of this item, include only income from the holding of investment assets (e.g. interest, dividends, unit trust distributions, and rental income that is accrued but not yet received). Investment assets are those acquired with the intention to subsequently sell the asset at a profit and not for use within the operations of the business or as a strategic investment.

L
Loans (direct)  This is the value of loans. Loans include financial leases and mortgages, and are typically non-negotiable on the secondary market.

N
Non-reinsurance recoveries receivable  This is the value of non-reinsurance recoveries on paid claims.
                                       Non-reinsurance recoveries receivable is netted against insurance contract liabilities or added to insurance contract assets under AASB 17 Insurance Contracts.
                                       This must exclude any amount already allowed in insurance liabilities determined under GPS 340 to avoid double counting.

O
Other accounts receivable                                      This is the amount related to any other relevant accounts receivable not reported in investment income receivable, non-reinsurance recoveries receivable and any other item reported for GRS 114.1.G. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.
Other assets by counterparty grade                             This is the value of the accounting assets that have not been reported elsewhere in:
                                                                   * cash and cash equivalents;
                                                                   * interest rate investments (direct);
                                                                   * loans (direct);
                                                                   * cash management trusts; and
                                                                   * derivatives (assets).
                                                               This excludes the following items from the AASB 17 Insurance Contracts balance sheet:
                                                                   * insurance contract assets; and
                                                                   * reinsurance contract assets.
Other reinsurance assets                                       This is the value of the central estimate of any asset recognised by the reporting Level 2 insurance group that relates to reinsurance other than:
                                                                   * reinsurance recoverables on outstanding and paid claims; and
                                                                   * expected reinsurance recoveries.
                                                               This is calculated as the sum of:
                                                                   * other reinsurance assets: from APRA-authorised reinsurers; and
                                                                   * other reinsurance assets: from non-APRA-authorised reinsurers.
Other reinsurance assets: from APRA-authorised reinsurers      Means the value