Document ID: chunk:federal_register_of_legislation:F2023L00721:front:0:p7
Version: federal_register_of_legislation:F2023L00721
Segment Type: other
Provision Reference: 
Character Range: 19249–23505

of health-related business non-insurance services provided to policy holders of the private health insurer, where that service is covered by their insurance premiums.

(Health-related business non-insurance revenue type)
Interest rate investments (direct)                    Interest rate investments (direct) are debt securities held by the private health insurer fund type as at the relevant date. A debt security is a transferable instrument evidencing a relationship of indebtedness. It is characterised by having a definable return that is not based on the economic performance of the issuing entity.

(Asset class type)
Investment income amount                              This is the total income, including interest and dividends, collected from investments over the reporting period. Income must be recorded net of associated expenses and fees.

L
Loans (direct)      This is the value of loans (direct). Loans (direct) includes financial leases and mortgages, and are typically non-negotiable on the secondary market.

(Asset class type)

M
Major other source                    This is the largest other operational source, ranked by gross revenue.

(Net other operational revenue type)
Marketing and publicity               This is the value of items such as publications, advertising, sponsorship, publicity, and health maintenance promotion programmes.

(Other business expenses type)

N
Net other operational revenue amount  This means all operational revenue other than HIB and HRB, net of expenses, attributable to the private health insurer fund type.
Net other operational revenue type    The net other operational revenue types are:

                                         * major other source; and
                                         * secondary other source.

Net RETF amount                       The net RETF (Risk Equalisation Trust Fund) amount is the value of risk equalisation payments/receipts, movements of provisions in the risk equalisation component of outstanding claims liability and movements of provisions for risk equalisation transfers, where provisions are determined in accordance with HPS 340.

O
Operations & administration                         This is the value of items such as self-occupied property expenses, IT and computing, postage, telephones, accounting audit and other professional feed and membership subscriptions.

(Other business expenses type)
Other business expenses amount                      This means the other business expenses types attributable to the private health insurer fund type.
Other business expenses type                        The other business expenses types are:
                                                        * commissions & fees;
                                                        * marketing and publicity;
                                                        * employee costs;
                                                        * operations & administration;
                                                        * share of corporate overheads;
                                                        * other management expenses;
                                                        * costs of goods/services: Optical business;
                                                        * costs of goods/services: Dental business;
                                                        * costs of goods/services: Hospitals & Medical Centres; and
                                                        * costs of goods/services: Other.
Other investments                                   Other investments are those that have not been reported elsewhere in:

                                                       * interest rate investments (direct);
(Asset class type)                                     * equities (direct);
                                                       * property (direct);
                                                       * loans (direct); or
                                                       * indirect investments.

Other management expenses                           This is the value of any expenses related to conducting the private health insurer business type, other than