Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p11
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 35565–39369

any other amounts due but not received relating to insurance contracts. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.
                                                                                         Other accounts receivable on insurance contracts issued is netted against insurance contract liabilities or added to insurance contract assets under AASB 17.
                                                                                         This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.
Other adjustments to net assets as approved by APRA                                      This is the value of adjustments applied to the net assets of the fund that are specific to the application of the requirements in HPS 112.
Other Common Equity Tier 1 Capital adjustments                                           This is the value of deductions from Common Equity Tier 1 Capital that the private health insurer must make as required under any prudential standards other than HPS 112.
Other gains and losses in accumulated comprehensive income and other disclosed reserves  This is the value of any other gains and losses in accumulated comprehensive income and other disclosed reserves that may be specified in writing by APRA as per HPS 112.

Other intangible assets                                                                  This is the value of intangible assets, other than goodwill, as per HPS 112, net of adjustments to profit or loss reflecting changes arising from any impairment and amortisation. The values reported 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.
                                                                                         This item also includes the intangible assets attributable to certain categories of subsidiaries, associates and joint ventures of the private health insurer as per HPS 112.
Other net asset adjustments                                                              This is the value of deductions from the net assets that the health benefits fund or general fund must make as required under any prudential standards other than HPS 112.

P
Paid-up ordinary shares                          This represents paid-up ordinary shares issued by the private health insurer that meet the criteria for classification as ordinary shares for regulatory purposes in accordance with HPS 112.
Premiums receivable                              Premiums receivable amount reflects premiums due to be received, unpaid premiums available for collection, and premiums not yet available for collection.
                                                 Premiums should be gross of reinsurance and commissions, before profit share rebates, and inclusive of stamp duty, policy fees, loadings and discounts.
                                                 Premiums receivable is netted against insurance contract liabilities or added to insurance contact assets under AASB 17.
                                                 Premiums receivable must be reduced by the amount that is likely to become uncollectable in the future.
Prescribed capital amount                        Prescribed capital amount is defined in HPS 110.
Prescribed capital amount coverage               Prescribed capital amount coverage is calculated as:
                                                     * capital base;
                                                 divided by:
                                                     * prescribed capital amount.
Prescribed capital amount coverage (net assets)  For each health benefits