Document ID: chunk:federal_register_of_legislation:F2023L00578:front:0:p5
Version: federal_register_of_legislation:F2023L00578
Segment Type: other
Provision Reference: 
Character Range: 11270–14391

Act;

       Note: In this Reporting Standard, a reference to an 'authorised insurer', 'authorised insurance entity' or 'licensed insurer' is a reference to an insurer, and a reference to an 'authorised reinsurance entity' is a reference to an insurer whose business consists only of undertaking liability by way of reinsurance.

       non-APRA-authorised reinsurer means any reinsurer that is not an APRA-authorised reinsurer;

       Principal Executive Officer means the principal executive officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the insurer; and

       reporting period means a period mentioned in subparagraph 6(a) or 6(b) or, if applicable, paragraph 7.

    18.         Unless the contrary intention appears, a reference to an Act, Prudential Standard, Reporting Standard, Australian Accounting or Auditing Standard is a reference to the instrument as in force from time to time.

Reporting Standard GRS 117.0

Asset Concentration Risk Charge

General Instructions

Reporting tables
Tables described in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.

Any specific combination of values in the table must not appear on more than one row in that table when reported.

Definitions
Terms in bold italics are defined in this Definitions section of these instructions.

A

Adjustment for Cumulative Exposures Amount                     For reinsurance exposures only, this is the adjustment for cumulative exposures that needs to be made in accordance with GPS 117.

Asset Concentration Risk Charge Limit Amount                   For reinsurance exposures this means the appropriate asset concentration limit as specified in GPS 117 for reinsurance exposures to grade 5, 6 and 7 counterparties or grade 4 counterparties belonging to the same group.

                                                               For non-reinsurance exposures this means the appropriate Asset Concentration Risk Charge limit as specified in GPS 117.

Asset Concentration Risk Charge Long Term Limit Amount         This means the appropriate Asset Concentration Risk Charge limit for long-term exposures to unrelated parties that are part of an APRA-regulated group as per GPS 117.

                                                               For exposures categorised as 'Unrelated party (APRA-regulated group)', this is the fair value of the exposure to long-term assets, net of provision for doubtful debts and after amounts that are deducted from the capital base. Long term exposures are those assets with a residual maturity of greater than one year.

Asset Concentration Risk Charge Long Term Net Exposure Amount  This means the fair value of the exposure to long-term assets, net of provision for doubtful debts and after amounts that are deducted from the capital base. Long term exposures are those assets with