Document ID: chunk:federal_register_of_legislation:F2016L01228:body:0:p5
Version: federal_register_of_legislation:F2016L01228
Segment Type: other
Provision Reference: 
Character Range: 10880–13967

reference to the Australian operations of a foreign insurer.

                     general instruction guide refers to the general Instruction guide set out in Attachment A of GRS 001;

                     Group Auditor has the meaning given in GPS 310;

                     Insurance Act means the Insurance Act 1973;

                     insurer means a general insurer within the meaning of section 11 of the Insurance Act;

                     Note: In the forms and instructions, a reference to an 'authorised insurer', 'authorised insurance entity' or 'licensed insurer' is a reference to an insurer, and a reference to an 'authorised reinsurance entity' is a reference to an insurer whose business consists 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, regardless of title, 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.

GRF_112_3_G Related Party Exposures (G)

These instructions must be read in conjunction with the general instruction guide.

Explanatory notes

Joint operations
For the purposes of this form, a joint operation as defined under Australian Accounting Standard AASB 11 Joint Arrangements (AASB 11) is to be treated as a joint venture.

Instructions for specific items

Section 1: Interest in consolidated entities of the Level 2 insurance group - Australian
'Consolidated entities - Australian' includes only the Australian reporting entities included in the Level 2 insurance group. Do not include international reporting entities here. Consolidated entities which are not insurers within the Level 2 insurance group but are incorporated in Australia should also be reported here.

    (1)         Name
This column reports the registered business name of the entity.

    (2)         ACN / ABN

Where relevant, this column reports the Australian Company Number (ACN) of the reported entity.  In cases where an entity doesn't have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Body Number (ARBN), the ABN or ARBN should be reported.  If an entity does not have an ACN, ABN, or ARBN the column should be left blank.

Input the number without spaces.

    (3)         APRA regulated general insurer
Indicate whether the entity is an insurer as defined under the Insurance Act 1973 (the Act) by inputting 'Y' or 'N'.

    (4)         Ownership percentage (%)
This is the percentage of the Level 2 insurance group's ownership of shares or units of the entity.

    (5)         Value of investment net of goodwill and other intangibles
This column reports the value of the investment as reported on the Level 2 insurance group's balance sheet, adjusted for goodwill and intangible assets.

(6)         Goodwill
This