Document ID: chunk:federal_register_of_legislation:F2023L00315:body:0:p10
Version: federal_register_of_legislation:F2023L00315
Segment Type: other
Provision Reference: 
Character Range: 26381–29309

Trading Enterprises.

     Other Australian Government (state, territory & local government)

This refers to a state, territory or local Public Sector Trading Enterprise, being a business which is owned and controlled by a state, territory, or local government and which is not a financial institution or central borrowing authority.

This includes all trading enterprises 50 per cent or more owned by a state, territory or local government or controlled by a state, territory, or local government through legislation, decree, or regulation (e.g. state rail and water authorities, gas and fuel authorities, housing commissions, port authorities, non-privatised power authorities, etc.).

      2.11.1. Where the security has a Grade 1 rating or the country's long term foreign currency rating is Grade 1

This refers to a national government of a foreign country where the security in relation to the reported information has a grade 1 counterparty rating or the long term foreign currency counterparty rating of the country is grade 1. Grade 1 is defined as per Prudential Standard GPS 001 Definitions (GPS 001).

      2.11.2. Other

This refers to a national government of a foreign country where the security in relation to the reported information does not have a grade 1 counterparty rating or the long term foreign currency counterparty rating of the country is not grade 1.

     2.12.           Other

The counterparty for this item is any other counterparty which is not specifically identified in Item 2 in Section 1 of this form.

It is automatically calculated as Item 2.13 less the sum of Items 2.3 to 2.10, 2.11.1 and 2.11.2

     2.13.           Total commercial paper and promissory notes

This is the total amount of short term securities that are not bills of exchange.

    Long term debt securities

Long term debt securities are those which have an original term to maturity (as opposed to residual term to maturity) that is greater than 1 year. Include: commercial paper; other one name paper; and securities lent or sold under repurchase agreements.

For items 3.1 to 3.10, refer to instructions for Items 2.3 to 2.12 for definitions of these counterparties.

    Total direct interest rate investments

This is the value of debt securities held by the reporting insurer as at the relevant date, plus the value of deposits and placements that have been classified by the reporting insurer as assets backing insurance liabilities for statutory reporting purposes.

It is automatically calculated as the sum of Items 1.1 to 3.10 in Section 1, excluding Item 2.13, and including sub-items.

     4.1.               Of which: denominated in a currency other than the Australian currency

This is the value of direct interest rate investments that are denominated in a currency other than the Australian currency.

     4.2.               Of which: holdings in own debt instruments

This