Financial Sector (Collection of Data) determination No. 2 of 2005
Instruction GuideInstruction Guide
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Instruction Guide
Introduction
This form can be used to calculate the capital base of the licensed insurer for the purposes of deriving a capital adequacy measure and to gauge compliance with the Minimum Capital Requirement (MCR) in accordance with GPS 110 Capital Adequacy and GGN 110.1 Measurement of Capital Base.
GGN 110.1 Measurement of Capital Base specifies the measurement of the capital base. While the inclusion of a particular capital instrument in an insurer’s capital base remains subject at all times to APRA’s approval, the range of instruments that are eligible for inclusion in the capital base of an insurer are outlined in the guidance note.