Document ID: chunk:federal_register_of_legislation:F2016L01228:body:0:p7
Version: federal_register_of_legislation:F2016L01228
Segment Type: other
Provision Reference: 
Character Range: 16500–19542

not undertake insurance business or business related to insurance business.

Unless otherwise specified below, the columns in this section have the same definition as corresponding columns in previous sections.  References to 'consolidated entities' in the previous sections must be read as references to 'non-consolidated controlled entities' in this section.
    (3)         Description / Nature of business
This column provides a brief description of the main business conducted by the entity.
    (4)         APRA regulated
Indicate whether the entity is regulated by APRA by inputting 'Y' or 'N'.
(11)         Adjustment for investment in non-consolidated subsidiaries
This corresponds to the regulatory adjustment to Common Equity Tier 1, for Level 2 insurance groups, for equity exposures and other capital investments in non-consolidated subsidiaries or controlled entities as per Attachment I of Prudential Standard GPS 112 Capital Adequacy: Measurement of Capital (GPS 112).
It is automatically calculated as Column 7 plus the sum of Columns 8 and 9 multiplied by Column 6.
    (12)     Adjustment for undercapitalisation of non-consolidated subsidiaries
This corresponds to the regulatory adjustment to Common Equity Tier 1, for Level 2 insurance groups, to cover undercapitalisation of a non-consolidated subsidiary (or subsidiaries) as required by APRA in accordance with Attachment I of GPS 112.

Section 4: Interest in associates and joint ventures
Report for associates and joint venture entities / operations of the Level 2 insurance group.
Unless otherwise specified below, the columns in this section have the same definition as corresponding columns in previous sections.  References to 'consolidated entities' in the previous sections must be read as references to 'associates and joint ventures' in this section.
Columns 8 to 13 do not apply to investment in a joint venture or associate that:

    * is operationally independent; and

    * represents a genuine arm's-length investment; and

    * is not subject to regulatory capital requirements; and

    * does not undertake insurance business or business related to insurance business.

    (10)     Adjustment for goodwill / other intangibles
This column reports the amount of regulatory adjustments applied in respect of the goodwill and other intangible assets (net of impairment) in relation to the investment in the joint venture or associate.
This adjustment must be reported as Column 6 multiplied by the sum of Columns 8 and 9.
    (11)     Nature of regulatory capital requirement
This column reports the nature of the regulatory capital requirement (if any) of the joint venture or associate.  An appropriate category is to be selected from the drop-down box, which is either:
     * the prescribed capital amount if the investment is an insurer as defined under the Act; or
     * the equivalent amount to the prescribed capital amount if the investment is an entity carrying on insurance business in a foreign jurisdiction; or
     * a comparable