Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p7
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 24432–28606

for life insurance, TPD insurance and IP insurance.

Bundled Total And Permanent Disability And Income Protection Insurance (insurance cover type)       Means insurance cover that is provided under one premium for TPD insurance and IP insurance.

Buy Sell Spread (activity fee type)                                                                 Has the meaning as in section 29V(4) of the SIS Act.

C

Call Centre Services (expense type)                                                            Means the expense incurred for the assistance and services delivered to members through call-centres.

Capital Expenditure (expense type)                                                             Means the expense incurred for capital expenditure. Includes IT capital expenditure.

Cash (strategic sector) / (strategic subsector) / (asset class sector type) (collateral type)  Means cash on hand and demand deposits, as well as cash equivalents. Cash equivalents represent short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Refer to Australian Accounting Standards.

Cash Cash At Bank (asset class characteristic 2)                                               Means Australian and foreign currency notes and coins, and at call/on demand deposits held in a Banking Institutions.

Cash Cash Management Trust (asset class characteristic 2)                                      Means a cash management trust or fund which invests in cash and high quality short term securities. Includes: money market funds.

Cash Foreign Exchange Derivative Contracts (asset class characteristic 2)                      Means foreign exchange derivative contracts

Cash Offset Derivatives (asset class characteristic 2)                                         Means the offsetting position created by derivative contracts (excluding foreign exchange derivative contracts)

Cash Short Term Bank Bills Or Securities (asset class characteristic 2)                        Means bills of exchange and/or money market instruments issued by a Banking Institution with a short term maturity. Typically issued at a discount and paid at face value at maturity.

Cash Term Deposit (asset class characteristic 2)                                               Means money placed in a Banking Institution for a fixed period for a stated interest rate. Includes certificates of deposits.

Cash Management Trust (investment vehicle type)                                                Means a unit trust which is governed by a trust deed which generally confines its investments (as authorised by the trust deed) to financial securities available through the short-term money market. Cash management trusts issue units in the trust that are redeemable by the unit holder on demand.

Choice Product (product type)                                                                  Has the meaning as in section 10 of the SIS Act.

Claim                                                                                          Means a formal request by a policyholder for compensation or coverage for a loss or event covered by an insurance policy.

Claim admitted                                                                                 Means a final decision to admit the claim has been made.

Claim assessment                                                                               Means the result of a claim that the insurer has determined. Possible values are:

                                                                                                   * Admitted;
                                                                                                   * Declined; and
                                                                                                   * Finalised Other.
Claim declined                                                                                 Means a claim where a final decision to decline the claim has been made.

Claim duration                                                                                 Means a