Document ID: chunk:federal_register_of_legislation:F2023L00729:front:0:p5
Version: federal_register_of_legislation:F2023L00729
Segment Type: other
Provision Reference: 
Character Range: 10780–14164

only of undertaking liability by way of reinsurance.

       non-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;

       Principal Executive Officer means the current principal executive officer of the entity, by whatever name called, and whether or not he or she is a member of the governing board of the entity; and

       reporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.

18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.
Reporting Standard GRS 111.0.G

Adjustments and Exclusions

General instructions

Reporting tables

Tables in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Definitions

Terms in bold italics are defined in this Definitions section of these instructions.

A
APRA-approved adjustment amount  This is the amount relating to APRA approved adjustments to specific requirements of the prudential standards for a reporting Level 2 insurance group.

APRA-approved adjustment type    This means the type of APRA-approved adjustment. Possible types relate to the:

                                     * prescribed capital amount;
                                     * Asset Risk Charge;
                                     * Insurance Risk Charge - outstanding claims liabilities;
                                     * Insurance Risk Charge - premiums liabilities;
                                     * Insurance Concentration Risk Charge;
                                     * Asset Concentration Risk Charge; and
                                     * Operational Risk Charge.
Asset Concentration Risk Charge  The Asset Concentration Risk Charge is the minimum amount of capital required to be held against asset concentration risks. The Asset Concentration Risk Charge relates to the risk resulting from investment concentrations in individual assets or large exposures to individual counterparties or groups of related counterparties resulting in adverse movements in the reporting Level 2 insurance group's capital base.
                                 This must be determined in accordance with Prudential Standard GPS 117 Capital Adequacy: Asset Concentration Risk Charge.
Asset Risk Charge                The Asset Risk Charge is the minimum amount of capital required to be held against asset risks. The Asset Risk Charge relates to the risk of adverse movements in the value of a reporting Level 2 insurance group's capital base due to credit or market risks.

                                 This must be determined in accordance with Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge.

I
Insurance Concentration Risk Charge                           The Insurance Concentration Risk Charge is the minimum amount of capital required to be held against insurance concentration risks. The Insurance Concentration Risk Charge relates to the risk of an adverse movement in the reporting Level 2 insurance group's capital base due to a