Document ID: chunk:federal_register_of_legislation:F2017L00724:body:0:p15
Version: federal_register_of_legislation:F2017L00724
Segment Type: other
Provision Reference: 
Character Range: 44509–48342

If net market value is not available or appropriate (e.g. traditional whole of life policies), use surrender value. Also refers to the net market value of policies in respect of death, total, permanent or temporary disablement.

Item 11                                       Report receivables and other financial assets that are resident assets in item 11.

                                              Report total investment income receivable in item 11.1. Do not include receivables relating to sales of investments or outstanding fees which are reported in item 11.8.

                                              Item 11.8 is a derived item. Report other receivables and other financial assets as total receivables and other financial assets reported in item 11.9 minus the sum of:

                                                  * investment income receivable reported in item 11.1;

                                                  * member contributions receivable in item 11.2;

                                                  * employer contributions receivable in item 11.3;

                                                  * defined benefit contributions receivable in item 11.4;

                                                  * contributions receivable from the government in item 11.5. Contributions receivable from the government in respect of the reporting period, where these related to a fully funded RSE for public sector employees, must be reported as employer contributions;

                                                  * insurance proceeds receivable reported in item 11.6. If an RSE has insurance proceeds, insurance related inflows must also be reported in item 11; and

                                                  * receivables from financial auxiliaries (such as stock brokers) reported in item 11.7.

                                              Report the portion of other receivables and other financial assets that are cash and non-cash collateral investment from the sale of securities sold under agreements to repurchase and stock lending to residents in item 11.8.1. Do not report collateral used to purchase securities under agreements to resell and stock borrowing in item 11.8.1 (reported in item 1.4 and item 8).

                                              Report the portion of item 11.8.1 that are deposits in item 11.8.1.1, debt securities in item 11.8.1.2 and shares in item 11.8.1.3.

Receivables and other financial assets        Represents short-term liabilities owed by debtors.

                                              Includes: accounts receivable and payable or trade debtors and creditors; monies receivable for sales of securities or payable for purchase of securities; accounts receivable from or payable to non-residents (included as non-resident other financial assets or non-resident other financial liabilities as appropriate); and the difference between securities and stocks lent and collateral received (balancing item).

                                              Excludes: derivatives; reserve and provision accounts; receivables recognised in respect of repurchase agreements.

Investment income receivable                  Represents the investment income that is receivable by the RSE.

                                              Includes: interest, dividends, unit trust distributions, and rental income that is accrued but not yet received.

Other financial assets                        Represents assets not separately identified as deposits, loans and placements, debt securities, shares, units in trust, securities purchased under agreement to resell and stock borrowing, derivatives with a gross positive market value, investments and/or insurance policies held in the statutory fund of life companies and receivables.