Document ID: chunk:federal_register_of_legislation:F2023L00644:body:0:p15
Version: federal_register_of_legislation:F2023L00644
Segment Type: other
Provision Reference: 
Character Range: 53103–56281

1 Capital                This is the value of capital instruments that have been temporarily recognised and approved as Common Equity Tier 1 Capital for transition purposes.
                                                         This includes the transitional adjustment to Common Equity Tier 1 Capital for the private health insurer applicable to insurers electing to participate in the transitional arrangements referenced in HPS 112.
Transitional Tier 2 Capital                              This is the value of capital instruments that have been temporarily recognised and approved as Tier 2 Capital for transition purposes.

U
Undistributed current year earnings                     The undistributed current year earnings reported should account for (where applicable) negative goodwill, expected tax expenses, and dividends when declared.   The declared dividends reported may be reduced by the expected proceeds, as agreed in writing by APRA, of a Dividend Reinvestment Plan to the extent that dividends are used to purchase new ordinary shares issued by the private health insurer.
Unrealised gains or losses recognised on balance sheet  This is the total value of unrealised gains or losses that have been recognised on the balance sheet.

Specific Instructions

Table 1: Determination of Capital Base (health benefits fund, general fund)

Reporting basis
Report information related to each health benefits fund's or the general fund's capital base.

Units of measurement
Report the values in this table in whole Australian dollars (no decimal place).
Column 1   Report the value for each of the items listed below.

1. Net assets
Item 1.1     Report net assets of the fund.
Item 1.2     Net surplus / (deficit) relating to insurance liabilities is a derived item and is calculated as the sum of:
                    * item 1.2.1; and
                    * item 1.2.2
             less:
                    * item 1.2.3.
Item 1.2.1   Report insurance liabilities surplus / (deficit).
             Report any surpluses as a positive value and any deficits as a negative value.
Item 1.2.2   Report the cost of reinsurance for future business not yet written amount.
Item 1.2.3   Report tax effect of insurance liabilities surplus / (deficit).
             Report any surpluses as a positive value and any deficits as a negative value. Do not deduct the tax effect if a deferred tax asset has been recognised in relation to the net surplus / (deficit).
Item 1.3     Regulatory adjustments to net assets for accounts receivables is a derived item and is calculated as the sum of:
                    * item 1.3.1;
                    * item 1.3.2;
                    * item 1.3.3; and
                    * item 1.3.4
             less:
                    * item 1.3.5.
Item 1.3.1   Report premiums receivable.
             This item is to be reported as a positive value and is an addition to net assets.
Item 1.3.2   Report amounts receivable on reinsurance contracts held amount.
             This item is to be reported as a positive value and is an addition to net assets.
Item 1.3.3   Report non-reinsurance recoveries receivable.
             This item is