Document ID: chunk:federal_register_of_legislation:F2023L00589:front:0:p5
Version: federal_register_of_legislation:F2023L00589
Segment Type: other
Provision Reference: 
Character Range: 11172–15193

data items by the listed APRA product groups where required.

Assets backing liabilities amount  This is the value of assets of the fund backing insurance and investment liabilities (net of insurance assets) determined under AASB 17 and AASB 9.

Assets backing liabilities type    This is the type of assets backing the relevant liabilities. Possible types are:

                                        * cash;
                                        * investment property;
                                        * listed equities;
                                        * unlisted equities;
                                        * non-indexed interest-bearing securities;
                                        * indexed interest-bearing securities;
                                        * loans;
                                        * other investment assets (exclude derivative financial instruments);
                                        * current tax assets;
                                        * deferred tax assets;
                                        * derivative financial instruments (assets);
                                        * accounts receivable;
                                        * reinsurance contract assets; and
                                        * other non-investment assets.

C

Cash                This is the amount of the cash assets which includes any cash at call up to 30 days as well as any cash held with non-bank financial institutions.

                    Note that this item does not include negotiable certificates of deposits, which should be reported under non-indexed interest-bearing securities or indexed interest-bearing securities.

Class of business   Class of business refers to:

                        * Australia - Superannuation business;
                        * Australia - Ordinary business; and
                        * Overseas - All business.

                    'Australia' and 'overseas' refer to the territories where the life insurance business is undertaken, as defined in the Life Act.

                    'Ordinary business' and 'superannuation business' are defined in the Life Act.

Current tax assets  This is the value of current tax assets determined in accordance with Australian Accounting Standards.

D

Deferred tax assets                        This is the value of deferred tax assets determined in accordance with Australian Accounting Standards.

Derivative financial instruments (assets)  This is the value of all open derivative positions reported as assets.

F

Foreign currencies exposure proportion  This is the percentage of the total assets that are exposed to unhedged currency risks associated with currencies other than AUD.

I

Indexed interest-bearing securities  This is the amount of all interest-bearing securities held that are indexed.

Insurance benefit                    This is the type of insurance benefit that a life policy can include. Life companies must report data items by insurance benefit where required. Insurance benefit can either be:

                                         * Non-participating benefits; or
                                         * Participating benefits.

Investment property                  This is the amount of the investment property assets which includes properties acquired or held which is available for sale as well as infrastructure assets, after allowance for accumulated depreciation.

                                     Owner-occupied property should be reported as other non-investment assets.

L

Life company fund  This means the type of life company fund. Possible types are:

                       * Statutory fund.

Listed equities    This is the value of equity interests in companies listed on the ASX or overseas exchange, after allowance for look-through (if applicable).

                   This also includes equities held within Australia and overseas.

Loans              This is the value of loans.