Document ID: chunk:federal_register_of_legislation:F2024L01053:front:0:p5
Version: federal_register_of_legislation:F2024L01053
Segment Type: other
Provision Reference: 
Character Range: 11639–14812

an advanced internal-ratings based approach to credit risk, as defined in Prudential Standard APS 113 Capital Adequacy: Internal Ratings-based Approach to Credit Risk.
    [GI] Appointed Actuary means an actuary appointed under section 39(1)(b) of the Insurance Act.
    [LI] Appointed Actuary means an actuary appointed under section 93 of the Life Insurance Act.
    [PHI] Appointed Actuary has the same meaning as in the PHIPS Act.
    [ADI] appointed auditor means an auditor appointed for the purposes of Prudential Standard APS 310 Audit and Related Matters.
    [GI] appointed auditor means an auditor appointed under paragraph 39(1)(a) of the Insurance Act.
    [PHI] appointed auditor means an auditor appointed for the purposes of Prudential Standard HPS 310 Audit and Related Matters.
    [LI] approved benefit funds refers to friendly society benefit funds approved by APRA according to the provisions of Prudential Standard LPS 700 Friendly Society Benefit Funds and the Life Insurance Act.
    [LI] APRA product groups means the product groups listed and defined in Reporting Standard LRS 001 Reporting Requirements. The product groups are to be used for the purpose of completing the information required under Reporting Standard LRS 200.0 Capital Adequacy Supplementary Information.
    [GI] APRA-authorised reinsurer means an insurer carrying on reinsurance business. For the purposes of this definition, a Lloyd's underwriter as defined under the Insurance Act is an APRA-authorised reinsurer if it carries on reinsurance business. The Australian Reinsurance Pool Corporation is also considered an APRA-authorised reinsurer for the purposes of this definition.
    [PHI] APRA-authorised reinsurer means an insurer carrying on reinsurance business for a private health insurer.
    [GI] Asset Concentration Risk Charge means the risk charge determined under Prudential Standard GPS 117 Capital Adequacy: Asset Concentration Risk Charge.
    [LI] Asset Concentration Risk Charge means the risk charge determined under Prudential Standard LPS 117 Capital Adequacy: Asset Concentration Risk Charge.
    [PHI] Asset Concentration Risk Charge means the risk charge determined under Prudential Standard HPS 117 Capital Adequacy: Asset Concentration Risk Charge.
    [GI] Asset Risk Charge means the risk charge determined under Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge.
    [LI] Asset Risk Charge means the risk charge determined under Prudential Standard LPS 114 Capital Adequacy: Asset Risk Charge.
    [PHI] Asset Risk Charge means the risk charge determined under Prudential Standard HPS 114 Capital Adequacy: Asset Risk Charge.
    [GI, LI, PHI] associate means an associate as defined under Australian Accounting Standard AASB 128 Investments in Associates and Joint Ventures.
    [ADI, GI, LI, PHI] AUASB refers to the Auditing and Assurance Standards Board.
    [ADI, GI, LI, PHI] Australian Accounting Standards is a reference to the Australian Accounting Standards issued by the AASB.
    [ADI, GI, LI, PHI] Australian Auditing and Assurance Standards or Auditing and Assurance Standards is a reference to the Australian Auditing