Document ID: chunk:federal_register_of_legislation:F2023L00307:body:0:p6
Version: federal_register_of_legislation:F2023L00307
Segment Type: other
Provision Reference: 
Character Range: 14412–17469

loss reflecting changes arising from any impairment. The amounts reported must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

    (10)     Other intangibles
This is the value of intangible assets, other than goodwill, reported on the balance sheet of the subsidiary, joint venture or associate, net of adjustments to profit or loss reflecting changes arising from any impairment and amortisation. The amounts reported must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.

    (11)     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 subsidiary, joint venture or associate.

This adjustment is calculated automatically as Column 8 divided by 100, multiplied by the sum of Column 9 and Column 10.

    (12)     Nature of regulatory capital requirement
This column reports the nature of the regulatory capital requirement (if any) of the subsidiary, 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 Insurance Act 1973; 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 regulatory capital requirement as agreed with APRA; or

     * no regulatory capital requirement.

    (13)     Regulatory capital requirement
This column reports, where applicable, the regulatory capital requirement of the subsidiary, joint venture or associate.

Where such capital requirements do not exist, this item should be reported as zero.

    (14)     Adjustment for regulatory capital requirements
This column reports the adjustment for investment in subsidiaries, joint ventures and associates that are subject to regulatory capital requirements.

As per Attachment B of GPS 112, this adjustment is calculated automatically as the lesser of the insurer's share of the regulatory capital requirements and the value of the investment that is recorded on the insurer's balance sheet after adjustment for any intangible component as reported in column (11).

Section 2: Other related party exposures

    (1)         Name
Column reports the registered business name of the relevant individual related party that the insurer has exposures to.
    (2)         ACN / ABN
Where relevant, this column reports the Australian Company Number (ACN) of the reported subsidiary, associate or joint venture.  In cases where an entity doesn't have an ACN but it does have an Australian Business Number (ABN) or an Australian Registered Body Number (ARBN), the ABN or ARBN should be