Document ID: chunk:federal_register_of_legislation:F2023L00722:front:0:p6
Version: federal_register_of_legislation:F2023L00722
Segment Type: other
Provision Reference: 
Character Range: 15463–19521

investment that:
                                                                                                                     * is operationally independent;
                                                                                                                     * represents a genuine arm's length investment;
                                                                                                                     * is not subject to prudential capital requirements; and
                                                                                                                     * does not undertake 'health insurance business' or business related to health insurance business.

J
Joint venture  A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.

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

L
Loans (direct)  This is the value of loans (direct). Loans (direct) includes financial leases and mortgages, and are typically non-negotiable on the secondary market.

N
Nature of business description                              Means a brief description of the main business types conducted.
Nature of regulatory capital requirement for related party  Means the appropriate category of the regulatory capital requirement for the related party (if any).  This can be:
                                                                  * prescribed capital amount;
                                                                  * prescribed capital amount equivalent;
                                                                  * comparable regulatory capital requirement;
                                                                  * no regulatory capital requirement; or
                                                                  * not applicable.

Nature of transaction description                           Means a brief description of the main transaction types conducted.

O
Other assets                                           This is the value of any asset that has not been captured elsewhere.
Other investments (direct)                             This is the value of investments (direct) that have not been captured elsewhere.
Other intangibles - related party's own balance sheet  This is the value of intangible assets, other than goodwill, reported on the own balance sheet of the subsidiary, joint venture or associate.
Other liabilities                                      This is the value of the liabilities that have not been captured elsewhere.
Other related parties                                  Means any counterparty that is deemed a related party in accordance with AASB 124 Related Party Disclosures, which is not separately reported as a related party type.
Ownership percentage of related party                  Means the percentage of the reporting party's ownership of shares or units of the related party.

P
Parent                                Means an entity that controls one or more entities.
Prescribed capital amount             Means the prescribed capital amount if the investment is in an insurer as defined under the relevant Insurance Act.
Prescribed capital amount equivalent  The equivalent amount to the prescribed capital amount if the investment is an entity carrying on insurance business in a foreign jurisdiction.
Private health insurer fund type      Means health benefits fund or general fund.
Private health insurer fund name      Means the name of the health benefits fund or general fund.
Property (direct)                     This is the value of property held by the fund, in accordance with the classification and measurement basis under the relevant Australian Accounting Standards.

R
Registered business name                          Registered business name is the name under which the