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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 103 of 2023.

Reporting Standard HRS 112.3

Related Party Exposures

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 a table must not appear on more than one row in that table when reported.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

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.

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.

B

Borrowing	The amount of outstanding funds that the entity is obligated to repay.Report this item in accordance with AASB 101.55 Common practice.

C

Cash and cash equivalents	This is the value of notes and coins; deposits withdrawable or redeemable within 24 hours; and securities purchased under agreements to resell.

Comparable regulatory capital requirement	Means a comparable regulatory capital requirement as agreed with APRA.
Country code	Means the two-letter country code as assigned by the ISO 3166 Maintenance Agency to a country defined under the International Organization for Standardization’s International Standard ISO 3166. The ISO 3166 Maintenance agency maintains a free online database of country codes, available at https://www.iso.org/iso-3166-country-codes.html.
Country of incorporation	Means the country in which the company is incorporated.The International Organization for Standardization’s International Standard ISO-3166 Country list contains a list of applicable countries.
Creditors and accruals	Means creditors and accruals (including goods and services tax payable but not income tax payable).

General fund(Private health insurer fund type)	General fund has the same meaning as in HPS 001.
Goodwill	An asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised.
Goodwill - related party’s own balance sheet	This is the value of goodwill reported on the balance sheet of the related party (subsidiary, joint venture or associate).

Nature of business description	Means a brief description of the main business types conducted.
Nature of regulatory capital requirement for related party	Means the appropriate category of the regulatory capital requirement for the related party (if any). This can be:prescribed capital amount;prescribed capital amount equivalent;comparable regulatory capital requirement;no regulatory capital requirement; ornot applicable.
Nature of transaction description	Means a brief description of the main transaction types conducted.

Other assets	This is the value of any asset that has not been captured elsewhere.
Other investments (direct)	This is the value of investments (direct) that have not been captured elsewhere.
Other intangibles - related party’s own balance sheet	This is the value of intangible assets, other than goodwill, reported on the own balance sheet of the subsidiary, joint venture or associate.
Other liabilities	This is the value of the liabilities that have not been captured elsewhere.
Other related parties	Means any counterparty that is deemed a related party in accordance with AASB 124 Related Party Disclosures, which is not separately reported as a related party type.
Ownership percentage of related party	Means the percentage of the reporting party’s ownership of shares or units of the related party.

Parent	Means an entity that controls one or more entities.
Prescribed capital amount	Means the prescribed capital amount if the investment is in an insurer as defined under the relevant Insurance Act.
Prescribed capital amount equivalent	The equivalent amount to the prescribed capital amount if the investment is an entity carrying on insurance business in a foreign jurisdiction.
Private health insurer fund type	Means health benefits fund or general fund.
Private health insurer fund name	Means the name of the health benefits fund or general fund.
Property (direct)	This is the value of property held by the fund, in accordance with the classification and measurement basis under the relevant Australian Accounting Standards.

Registered business name	Registered business name is the name under which the business operates.
Regulatory capital requirement for related party	The amount of regulatory capital requirement where applicable, associated with the appropriate category selected from the nature of regulatory capital requirement for related party.
Related party type	The related party types are:parent;subsidiary;associate;joint venture; andother related party.

Total accumulated amortisation and impairment of intangible assets and goodwill - related party’s own balance sheet	Means the amount of accumulated amortisation and impairment of intangible assets and goodwill on the balance sheet of the subsidiary, joint venture or associate. The amounts reported must be net of any associated tax effects if the assets involved become impaired or derecognised under Australian Accounting Standards.
Total assets - related party’s own balance sheet	Means total assets of the subsidiary, joint venture or associate as reported on its own balance sheet.
Transaction amount	Means the value of transactions for the main transaction types conducted.

Related Party ExposuresRelated Party Exposures