Document ID: chunk:federal_register_of_legislation:F2023L00706:body:0:p9
Version: federal_register_of_legislation:F2023L00706
Segment Type: other
Provision Reference: 
Character Range: 25798–29874

regulatory adjustments to Common Equity Tier 1 capital for account receivables; and
                                                                                                                * adjustments and exclusions to Common Equity Tier 1 Capital

                                                                                                            less:

                                                                                                                * regulatory adjustments to Common Equity Tier 1 Capital for account payables; and
                                                                                                                * regulatory adjustments to Common Equity Tier 1 Capital.

Common Equity Tier 1 Capital ratio                                                                          Common Equity Tier 1 Capital ratio is calculated as:

                                                                                                                * Common Equity Tier 1 Capital;

                                                                                                            divided by:

                                                                                                                * prescribed capital amount.

Cost of reinsurance for future business not yet written                                                     This is the amount of the total cost of reinsurance that relates to business that has not yet been written. This amount represents the cover that an insurer has under a particular reinsurance contract which is available for future business written up to the end of the reinsurance contract. This amount can be used to increase the surplus (or decrease the deficit) in the PL surplus / (deficit).

                                                                                                            Amounts must not be included in this item where the underlying reinsurance arrangement does not comply with the threshold levels of reinsurance documentation set out in GPS 112 or the governing law requirements set out in Prudential Standard GPS 230 Reinsurance Management (GPS 230).

Cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital  This is the cumulative unrealised gains or losses on hedges offsetting the gains or losses of components of Common Equity Tier 1 Capital.

                                                                                                            This includes cumulative unrealised gains or losses on effective cash flow hedges as defined in the Australian Accounting Standards and any fair value gains or losses on derivatives representing effective economic hedges of assets.

D

Deficit in defined benefit superannuation fund  This is the amount of deficit (if any) in a defined benefit superannuation fund where the reporting Level 2 insurance group is an employer-sponsor.

Dividends declared or paid                      Report dividends which are declared or paid by the Level 2 insurance group. A dividend is the amount paid out of a company's profits to its shareholders (interim and final dividend). The annual dividend equals the final dividend plus the interim dividend if declared.

                                                .

E

Eligible Tier 2 Capital instruments                          This is the value of capital instruments issued by the reporting Level 2 insurance group that meet the eligibility criteria for Tier 2 Capital in GPS 112.

Excess mutual equity interests                               This is the value of any mutual equity interests that are above the limit specified in GPS 112 (that is, the value of any mutual equity interests on issue that are not eligible for inclusion in Common Equity Tier 1 Capital).

                                                             For the purposes of this item, only include proceeds of issues that have been received by the issuer. Any partly paid issue is reported only