Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p8
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 25419–28462

benefit superannuation fund where the private health insurer is an employer-sponsor.

E
Eligible Tier 2 Capital instruments                          This is the value of capital instruments issued by the private health insurer that meet the eligibility criteria for Tier 2 Capital in HPS 112.
Eligible Tier 2 Capital instruments issued by the fund       This is the value of capital instruments issued by the health benefits fund or general fund that meet the eligibility criteria for Tier 2 Capital in HPS 112.
Excess mutual equity interests                               This is the value of any mutual equity interests that are above the limit specified in HPS 112 (that is, the value of any mutual equity interests on issue that are not eligible for inclusion in Common Equity Tier 1 Capital).
                                                             For the purposes of this item, only include proceeds of issues that have been received by the issuer. Any partly paid issue is reported only to the extent that it has been paid-up.
Excess of deferred tax assets over deferred tax liabilities  This is the value of deferred tax assets in excess of deferred tax liabilities within the health benefits fund or general fund or private health insurer as per the requirements of HPS 112.
                                                             The netting of deferred tax assets and deferred tax liabilities must include any tax effects that would result from the accounts receivables and accounts payables adjustments and the technical provisions in surplus / (deficit) of HPS 340 liabilities.

F
Fair value adjustments                                            A private health insurer must deduct the difference between fair value and the reported value of each asset as per the requirements of HPS 112.
Fair value gains and losses from changes in own creditworthiness  This is the net unrealised gains (or losses) from changes in the fair values of the liabilities of the health benefits fund or general fund or private health insurer that arise due to changes in creditworthiness of the private health insurer.

Foreign currency translation reserve                              This is the value of the reserve relating to exchange rate differences arising on translation of assets and liabilities to the presentation currency in accordance with Australian Accounting Standards.

G
General fund     General fund has the same meaning as in HPS 001.
General reserve  General reserves are created from the appropriation of profits by the private health insurer after the payment of all dividends and tax.

Goodwill         This is the value of goodwill, as per HPS 112, net of adjustments to profit or loss reflecting changes arising from any impairment. This item also includes the goodwill attributable to certain categories of subsidiaries, associates and joint ventures of the private health insurer as per HPS 112.

H
Health benefits fund                                      Health benefits fund has the same meaning as in the