Document ID: chunk:federal_register_of_legislation:F2023L00721:front:0:p6
Version: federal_register_of_legislation:F2023L00721
Segment Type: other
Provision Reference: 
Character Range: 15154–19584

ownership of the securities away from the entity to another party. Subordinated debt is a debt security where the claim to repayment ranks lower in priority to other claims.

(Asset class type)
External sources                                      This means all HRB non-insurance revenue that is earned from:
                                                          * revenue from non-policy holders of the private health insurer;
                                                          * revenue to cover services provided by the private health insurer; and
(Health-related business non-insurance revenue type)      * revenue from policy holders of the private health insurer for services not covered by the insurance premium.

G
Gains/losses on investments amount  This is the total of all movements in assets values during the reporting period, from both revaluation and market movements. This amount must be recorded net of associated investment expenses and fees.
General fund                        General fund has the same meaning as in HPS 001.

(Private health insurer fund type)
General treatment                   General treatment has the same meaning as in the Private Health Insurance Act 2007 (PHI Act).

(Class of business)
Gross accrued premium               This is the value of accrued premium, gross of ceded revenue, for health-related insurance business.
Gross claims incurred amount        This is the value of health-related insurance business claims incurred, gross of reinsurance recoveries.

H
Health benefits fund                                  Health benefits fund has the same meaning as in the Act.

(Private health insurer fund type)
Health-related business non-insurance activities      Health-related business non-insurance activities are:
                                                          * optical business;
                                                          * dental business;
                                                          * hospitals and medical centres;
                                                          * agency business; and
                                                          * other non-insurance health-related business.
Health-related business non-insurance revenue amount  This is the gross revenue for the health-related business non-insurance revenue type.
Health-related business non-insurance revenue type    The health-related business non-insurance revenue types are:
                                                          * External sources
                                                          * Insurer policy holder benefits
Health-related insurance business type                The health-related insurance business types are:
                                                          * overseas visitor cover
                                                          * overseas student health cover
Hospital category                                     The hospital category must be one of the following, which have the same meaning as in the Private Health Insurance (Complying Product) Rules 2015:

                                                          * Gold;
                                                          * Silver +;
                                                          * Silver;
                                                          * Bronze +;
                                                          * Bronze;
                                                          * Basic +; or
                                                          * Basic.

Hospital treatment                                    Hospital treatment has the same meaning as in the PHI Act.

(Class of business)

I
Indirect investments                                  Indirect investments are unit trusts or managed investment schemes invested in by the private health insurer fund type, or mandates individually managed on behalf of the private health insurer fund type.

(Asset class type)
Insurer policy holder benefits                        This is the value of health-related business non-insurance services provided to policy holders of the private health insurer, where that service is covered by their insurance premiums.

(Health-related business non-insurance revenue type)
Interest rate investments (direct)                    Interest rate investments (direct) are debt securities held