Document ID: chunk:federal_register_of_legislation:F2023L00583:front:0:p8
Version: federal_register_of_legislation:F2023L00583
Segment Type: other
Provision Reference: 
Character Range: 20178–25159

inflation rates. It also affects nominal interest rates.

(Stress scenario type)                                   This item reports the impact on the capital base of the health benefits fund or general fund arising from the application of the upward expected inflation stress and is calculated in accordance with HPS 114.
Expected reinsurance recoveries                          This is the amount due to the health benefits fund or general fund from a reinsurer that arises from the recognition of premiums liabilities referred to in the PHI Prudential Standards (including HPS 340). This is distinguished from reinsurance recoverables.

(Items subject to Asset Risk Charge type)

G

General fund                        General fund has the same meaning as in HPS 001.

(Private health insurer fund type)

H

Health benefits fund                       Health benefits fund has the same meaning as in the Act.

(Private health insurer fund type)
HPS 340 deferred claims liability          This is the value of the deferred claims liability determined in accordance with HPS 340.

(Items subject to Asset Risk Charge type)
HPS 340 other insurance liabilities        This is the value of the other insurance liabilities determined in accordance with HPS 340.

(Items subject to Asset Risk Charge type)
HPS 340 outstanding claims liabilities     This is the value of the outstanding claims liabilities determined in accordance with HPS 340.

(Items subject to Asset Risk Charge type)
HPS 340 premium liabilities                This is the value of the premium liabilities determined in accordance with HPS 340.

(Items subject to Asset Risk Charge type)
HPS 340 risk equalisation transfers        This is the value of the risk equalisation transfers determined in accordance with HPS 340.

(Items subject to Asset Risk Charge type)

I

Impact of diversification                                                   This is calculated as the sum of the risk charge components used in calculating the aggregated risk charge component, less the aggregated risk charge component as set out in HPS 114.
Impact on the fund's capital base                                           This shows the impact on the capital base of each asset risk stress scenario as set out in HPS 114.

                                                                            This item is calculated for each stress scenario type as the sum of:
                                                                                 * cash and cash equivalents;
                                                                                 * current tax assets;
                                                                                 * interest rate investments (direct);
                                                                                 * equities (direct);
                                                                                 * property (direct);
                                                                                 * loans (direct);
                                                                                 * indirect investments;
                                                                                 * deferred tax assets;
                                                                                 * derivatives (assets);
                                                                                 * investments in related entities (associates, joint ventures, subsidiaries);
                                                                                 * other assets subject to Asset Risk Charge;
                                                                                 * deferred tax liabilities;
                                                                                 * derivatives (liabilities);
                                                                                 * other liabilities subject to Asset Risk Charge;
                                                                                 * reinsurance recoverables on outstanding claims;
                                                                                 * expected reinsurance recoveries;
                                                                                 * amounts receivable on reinsurance contracts held;
                                                                                 * other reinsurance assets;
                                                                                 * HPS 340 outstanding claims liabilities;
                                                                                 * HPS 340 premium liabilities;
                                                                                 * HPS 340 risk equalisation transfers;
                                                                                 * HPS 340 other insurance liabilities;