CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 103 of 2023
AA
Start here
Get a plain-English read of A
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 103 of 2023.
A
| Adjustment for goodwill / other intangibles - related party’s own balance sheet | Means 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 is calculated automatically as:ownership percentage of related party, multiplied by:(the sum of:goodwill - related party’s own balance sheet; andother intangibles - related party’s own balance sheetless:total accumulated amortisation and impairment of intangible assets and goodwill - related party’s own balance sheet) |
|---|---|
| Adjustment for regulatory capital requirement - related party | Means the adjustment for investment in subsidiaries, joint ventures and associates that are subject to regulatory capital requirements.This adjustment is calculated automatically as the lesser of the private health insurer’s share of the regulatory capital requirements and the value of the investment that is recorded on the reporting party’s balance sheet after adjustment for any intangible component as reported in adjustment for goodwill / other intangibles - related party’s own balance sheet. |
| Associate | Means an associate as defined under Australian Accounting Standard AASB 128 Investments in Associates and Joint Ventures. |