Document ID: chunk:federal_register_of_legislation:F2023L00684:body:0:p3
Version: federal_register_of_legislation:F2023L00684
Segment Type: other
Provision Reference: 
Character Range: 5247–8173

as in force from time to time.
 3. Unless otherwise indicated:
 4. The term 'accounts receivables' will be used to refer to premiums, reinsurance recoveries, non-reinsurance recoveries and other accounts receivable that have been recognised within the insurance and reinsurance contract liabilities and assets reported on the balance sheet under AASB 17 Insurance Contracts (AASB 17); and
 5. the term 'accounts payables' will be used to refer to claims, reinsurance premiums, reinsurance recoveries, non-reinsurance recoveries and other accounts payable that have been recognised within the insurance and reinsurance contract liabilities and assets reported on the balance sheet under AASB 17.
 6. For the purposes of this Prudential Standard:
 7. a 'component of capital' is any form of capital defined in this Prudential Standard as eligible for inclusion in the capital base; and
 8. a 'category of capital' refers to a group of components of capital.

Definitions
 1. For the purposes of this Prudential Standard:
 2. capital instruments – includes all capital instruments eligible to be included in Common Equity Tier 1 Capital, Additional Tier 1 Capital and Tier 2 Capital;
 3. distributable items – means items which are permitted to be distributed in accordance with relevant statutory and regulatory requirements applicable to distributions by the issuer;
 4. mutual equity interests – capital instruments issued by mutually owned regulated institutions that meet the criteria in Attachment G to this Prudential Standard;
 5. mutually-owned regulated institution – means a regulated institution that is a 'mutual entity' as defined in the Corporations Act;
 6. non-viability event – has the meaning in paragraph 2 of Attachment E to this Prudential Standard;
 7. paid-up instrument means a capital instrument where:
      +
         1. the payment of the capital has been received with finality by the issuer;
         2. the capital is reliably valued;
         3. the capital is fully under the issuer's control; and
         4. the instrument does not, directly or indirectly, expose the issuer to the credit risk of an investor;
 8. related entity – means an entity over which a regulated institution or its parent exercises control or significant influence and can include a parent company, a sister company, a subsidiary or any other affiliate.

Capital base
 1. The capital base of a regulated institution consists of the following categories:
 2. Tier 1 Capital, which comprises:
 3. Common Equity Tier 1 Capital;
 4. Additional Tier 1 Capital; and
 5. Paid-up mutual equity interests issued by a mutually-owned regulated institution that meet the criteria in paragraph 1 of Attachment G to this Prudential Standard and are above the limit specified in paragraph 4 of Attachment G; and
 6. Tier 2 Capital.
that satisfy the criteria in this Prudential Standard.
 1. A regulated institution must ensure that at