Document ID: chunk:federal_register_of_legislation:F2023L00706:body:0:p15
Version: federal_register_of_legislation:F2023L00706
Segment Type: other
Provision Reference: 
Character Range: 48546–54493

of payables.

Regulatory adjustments to Common Equity Tier 1 Capital for accounts receivables                          These are adjustments to be added to Common Equity Tier 1 Capital relating to accounts receivables, net of tax effects.

                                                                                                         Regulatory adjustments to Common Equity Tier 1 Capital for account receivables is calculated as the sum of:

                                                                                                             * premiums receivable;
                                                                                                             * amounts receivable on reinsurance contracts held;
                                                                                                             * non-reinsurance recoveries receivable; and
                                                                                                             * other accounts receivable on insurance contracts issued;

                                                                                                         less:

                                                                                                             * reversal of tax impact of receivables.

Regulatory adjustments to Common Equity Tier 1 Capital                                                   This is the total of all regulatory adjustments applied to Common Equity Tier 1 Capital specified in GPS 112.

                                                                                                         Regulatory adjustments to Common Equity Tier 1 Capital is calculated as the sum of:

                                                                                                             * holdings of own Common Equity Tier 1 Capital instruments;
                                                                                                             * cash flow hedge reserves relating to hedging of items not recorded at fair value;
                                                                                                             * excess of deferred tax assets over deferred tax liabilities;
                                                                                                             * fair value gains and losses from changes in own creditworthiness;
                                                                                                             * goodwill;
                                                                                                             * other intangible assets;
                                                                                                             * surplus in defined benefit superannuation fund;
                                                                                                             * deficit in defined benefit superannuation fund;
                                                                                                             * reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test;
                                                                                                             * reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements;
                                                                                                             * regulatory capital requirement of investments in subsidiaries, JVs and associates;
                                                                                                             * investment in non-consolidated subsidiaries or controlled entities;
                                                                                                             * undercapitalisation of non-consolidated subsidiaries;
                                                                                                             * assets under a fixed or floating charge;
                                                                                                             * fair value adjustments;
                                                                                                             * adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital; and
                                                                                                             * other Common Equity Tier 1 Capital adjustments.

Regulatory capital requirement of investments in subsidiaries, JVs and associates                        This is the deduction for investments in subsidiaries, joint ventures and associates that are subject to regulatory capital requirements as detailed in GPS 112.

Reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements    This is the value of all reinsurance assets reported in relation to each reinsurance contract entered into by the reporting Level 2 insurance group incepting on or after 31 December 2008 that does not meet the governing law requirements as per GPS 230.

Reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test  This is the value of the reinsurance assets in relation to each reinsurance arrangement that does not meet the reinsurance document test as per GPS 230.

Reserves from equity-settled share-based payments                                                        This is the value of reserves from equity-settled share-based payments granted to employees as part of their remuneration package that meets the requirements of GPS 112.

Retained earnings                                                                                        This is the value, as at the end of