Document ID: chunk:federal_register_of_legislation:F2023L00301:body:0:p15
Version: federal_register_of_legislation:F2023L00301
Segment Type: other
Provision Reference: 
Character Range: 41323–44646

period, of expenditure incurred on occupancy and equipment.

      3.3.1.             Depreciation / impairment:

This is the value of depreciation charged to profit and loss in respect of the reporting insurer's tangible assets as determined in accordance with Australian Accounting Standards.

           3.3.1.1.           Plant and equipment

    This is the value of depreciation charged to profit and loss in respect of property, plant and equipment as determined in accordance with Australian Accounting Standards.

           3.3.1.2.           Other

    This is the value of depreciation charged to profit and loss in respect of tangible assets other than property, plant and equipment as determined in accordance with Australian Accounting Standards.

    This is automatically calculated as Item 3.3.1 less Item 3.3.1.1.

      3.3.2.             Operating lease rentals

This is the value, for the duration of the relevant period, of expenditure incurred on operating leases as determined in accordance with Australian Accounting Standards.

      3.3.3.             Other

This is a balancing item and is the value of any other occupancy and equipment expenses not otherwise specifically reported under Item 3.3.

It is automatically calculated as Item 3.3 less the sum of Items 3.3.1.1, 3.3.1.2 and 3.3.2.

     3.4.               Total other operating expenses

This is the total of other operating expenses not disclosed in Items 3.1 to 3.3 above.

      3.4.1.             Impairment of:

           3.4.1.1.           Goodwill

    This is the value of impairment charged to profit and loss in respect of goodwill as determined in accordance with Australian Accounting Standards.

           3.4.1.2.           Intangible assets with an indefinite useful life

    This is the value of impairment charged to profit and loss in respect of intangible assets with indefinite useful life as determined in accordance with Australian Accounting Standards.

           3.4.1.3.           Other assets

    This is the value of impairment charged to profit and loss in respect of assets other than those classified as goodwill or intangible assets with an indefinite useful life. This item is to be determined in accordance with Australian Accounting Standards.

      3.4.2.             Amortisation of intangible assets with a finite useful life

This is the value of amortisation charged to profit and loss in respect of intangible assets with a finite life as determined in accordance with Australian Accounting Standards.

      3.4.3.             Investment management fees

This is the value of fee expense of the reporting insurer that relates to the management of the entity's investment portfolios except fees paid to asset consultants. Include fees paid to investment managers, including independent third parties as well as related parties.

           3.4.3.1.           Of which: on assets backing insurance liabilities

    This is the value of investment management fees which relate to assets backing insurance liabilities.

      3.4.4.             Other management fees

This is the value, for the relevant period, of fee expense of the reporting insurer that does not relate to the management of the entity's investment portfolios.

      3.4.5.             Fees