Australian Prudential Regulation Authority Supervisory Levies Determination 2021
6‑3 Life insurance company’s levy base6‑3 Life insurance company’s levy base
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6‑3 Life insurance company’s levy base
(1) For paragraph 7(3)(d) of the Act, a life insurance company’s levy base is to be worked out using this section. (2) For subsection 7(5) of the Act, the day as at which the levy base is to be worked out is the valuation day for the life insurance company. (3) The levy base is the value of the life insurance company’s assets, as at the valuation day, worked out in the same way as the information required by item 12 (Total assets) in Form LRF 300.2 Statement of Financial Position (SF Total, GF, GF Elim, Entity), in Reporting Standard LRS 300.0 Statement of Financial Position would be worked out for a reporting period ending on the valuation day.