Document ID: chunk:federal_register_of_legislation:F2023L00702:front:0:p8
Version: federal_register_of_legislation:F2023L00702
Segment Type: other
Provision Reference: 
Character Range: 22343–26058

and all other credit or counterparty exposures that have not been affected by the credit spreads stress.
Deferred tax assets                                                          This is the value of deferred tax assets determined in accordance with Australian Accounting Standards.

(Items subject to Asset Risk Charge type)                                    Adjusted pre-stress amounts of deferred tax assets must be increased by the value of tax effects associated with liability adjustments. This reporting approach is consistent with LRS 112.

                                                                             For stress scenario amount, this includes tax benefits arising from the application of the asset risk stresses, all of which would be recognised as admissible.
Deferred tax liabilities                                                     This is the value of deferred tax liabilities determined in accordance with Australian Accounting Standards.

(Items subject to Asset Risk Charge type)                                    Adjusted pre-stress amounts of deferred tax liabilities must be increased by the value of tax effects associated with liability adjustments. This reporting approach is consistent with LRS 112.

                                                                             For stress scenario amount, this includes tax liabilities arising from the application of the asset risk stresses.
Derivative financial instruments (assets)                                    This is the value of all open derivative positions reported as assets.

(Items subject to Asset Risk Charge type)
Derivative financial instruments (liabilities)                               This is the value of all open derivatives positions reported as liabilities.

(Items subject to Asset Risk Charge type)
Discretionary component of adjusted policy liabilities (net of reinsurance)  This is the amount by which the adjusted policy liabilities would reduce if:

                                                                                 * future bonuses and discretionary additions were set to zero;
(Items subject to Asset Risk Charge type)                                        * policy owner retained profits, investment fluctuation reserves and unallocated surplus were set to zero; and
                                                                                 * surrender values were reduced to minimum termination values (or contractual minimum surrender values if greater).
Dividend yield used in determination of equity stress (%) percent            This is the dividend yield of the ASX 200 index used in determining the reduction in equity asset values under the equity stress scenario.

(Yields used in stress scenarios type)

E
Earnings yield used in determination of property stress percent  This is the average earnings yield before taxes used in determining the reduction in infrastructure asset values under the property stress scenario.

(Yields used in stress scenarios type)
Equity stress                                                    This is the impact on the fund's capital base of a fall in equity and other asset values and is calculated in accordance with LPS 114.

(Stress scenario type)                                           This stress applies to both listed and unlisted equity assets and to any other assets that are not considered in other asset risk stresses. This stress also includes an increase to equity volatility.
Expected inflation downwards stress                              Expected inflation stress measures the impact on the fund's capital base of downward changes to expected Consumer Price Index inflation rates. It