Document ID: chunk:federal_register_of_legislation:F2023L00622:body:0:p17
Version: federal_register_of_legislation:F2023L00622
Segment Type: other
Provision Reference: 
Character Range: 55992–59260

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 1.1.1     Report paid-up ordinary shares.

Item 1.1.2     Report mutual equity interests.

Item 1.1.3     Report retained earnings.

               Do not include the amount of undistributed current year earnings.

Item 1.1.4     Report undistributed current year earnings.

Item 1.1.5     Accumulated other comprehensive income and other disclosed reserves is a derived item and is calculated as the sum of:

                   * items 1.1.5.1 to 1.1.5.6 inclusive.

Item 1.1.5.1   Report unrealised gains or losses recognised on balance sheet.

Item 1.1.5.2   Report reserves from equity-settled share-based payments.

Item 1.1.5.3   Report cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital.

Item 1.1.5.4   Report foreign currency translation reserve.

Item 1.1.5.5   Report general reserve.

Item 1.1.5.6   Report other gains and losses in accumulated comprehensive income and other disclosed reserves.

Item 1.1.6     Regulatory adjustments to Common Equity Tier 1 Capital is a derived item and is calculated as the sum of items:

                   * 1.1.6.1 to 1.1.6.13 inclusive.

Item 1.1.6.1   Report holdings of own Common Equity Tier 1 Capital instruments.

Item 1.1.6.2   Report excess of deferred tax assets over deferred tax liabilities.

               Where the deferred tax liabilities exceed the deferred tax assets, report this value as zero.

Item 1.1.6.3   Report fair value gains and losses from changes in own creditworthiness.

               Report this as a positive number where there are unrealised gains or a negative value for unrealised losses.

Item 1.1.6.4   Report goodwill and other intangible assets.

               Amounts reported in this item must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

Item 1.1.6.5   Report surplus in defined benefit superannuation funds.

               Any excluded surplus must reverse any associated deferred tax liability from Common Equity Tier 1 Capital. Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, report this value as zero.

Item 1.1.6.6   Report deficit in defined benefit superannuation funds.

               This only needs to be reported where the deficit is not already reflected in the net assets of the fund or the Common Equity Tier 1 Capital of the life company.

               Report the deficit (if any) as a positive number.

Item 1.1.6.7   Report reinsurance assets not subjected to an executed and legally binding contract.

Item 1.1.6.8   Report regulatory capital requirement of investments in subsidiaries, JVs and associates.

               The amount of deduction  the lesser of the fund's or life company's share of regulatory capital requirement and the value of the investment that is recorded on