Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 104 of 2023 - Specific instructions

Specific instructions

Table 1: Adjusted Pre-Stress Amount

Reporting basis

This table applies to health benefits funds and the general fund.

Report all relevant items within the balance sheet of the health benefits fund or general fund as listed under items subject to Asset Risk Charge type.

Report values before the application of any designated asset stresses, and net of the effect of any look-through adjustments.

Units of measurement

Report values in whole Australian dollars (no decimal places).

	Name	Valid values	Description
1	Private Health Insurer Fund Type	Health benefits fundGeneral fund	Report the private health insurer fund type.
2	Private Health Insurer Fund Name	Free text	Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.In the event an insurer has only one health benefits fund, its name should be the same as the insurer.For the general fund, report the same name as the insurer.
3	Items Subject To Asset Risk Charge Type	Accounting assets subject to stress:Cash and cash equivalentsCurrent tax assetsInterest rate investments (direct)Equities (direct)Property (direct)Loans (direct)Indirect investmentsDeferred tax assetsDerivatives (assets)Investments in related entities (associates, joint ventures, subsidiaries)Other assets subject to Asset Risk ChargeAccounting liabilities subject to stress:Deferred tax liabilitiesDerivatives (liabilities)Other liabilities subject to Asset Risk ChargeHPS 340 Insurance liabilities subject to stress:HPS 340 outstanding claims liabilitiesHPS 340 premium liabilitiesHPS 340 risk equalisation transfersHPS 340 other insurance liabilitiesHPS 340 deferred claims liabilityCapital regulatory receivable adjustments subject to stress:Premiums receivableNon-reinsurance recoveries receivableOther accounts receivable on insurance contracts issuedCapital regulatory payable adjustments subject to stress:Claims payableAmounts payable on reinsurance contracts heldOther accounts payable on insurance contracts issuedHPS 340 reinsurance assets subject to default stress:Reinsurance recoverables on outstanding claimsAmounts receivable on reinsurance contracts heldExpected reinsurance recoveriesOther reinsurance assetsOff balance sheet exposures subject to stress:Off-balance sheet exposures	Report the items subject to Asset Risk Charge type.Items categorised under accounting assets subject to stress must exclude the following items from the AASB 17 balance sheet:Insurance contract assets; andReinsurance contract assets.Items categorised under accounting liabilities subject to stress must exclude the following items from the AASB 17 balance sheet:Insurance contract liabilities; andReinsurance contract liabilities.
4	Adjusted Pre-Stress Amount	Whole dollars	Report the adjusted pre-stress amounts on a look-through fair value basis. Report items as positive values. HPS 340 risk equalisation transfers are to be reported as a negative value where receivables are expected from the Risk Equalisation Special Account.

Table 2: Impact on Capital Base

Reporting basis

This table applies to health benefits funds and the general fund.

Report the impacts on the health benefits fund’s or general fund’s capital base of the application of the stress scenario types. Reported values in Column 5 should represent the contribution of the relevant items in Column 3 to the change in capital base under a given stress scenario type in Column 4. Report decreases to assets and increases to liabilities as negative values in Column 5. Report increases to assets and decreases to liabilities as positive values in Column 5.

Units of measurement

Report values in whole Australian dollars (no decimal places).

	Name	Valid values	Description
1	Private Health Insurer Fund Type	Health benefits fundGeneral fund	Report the private health insurer fund type.
2	Private Health Insurer Fund Name	Free text	Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.In the event an insurer has only one health benefits fund, its name should be the same as the insurer.For the general fund, report the same name as the insurer.
3	Items Subject To Asset Risk Charge Type	Accounting assets subject to stress:Cash and cash equivalentsCurrent tax assetsInterest rate investments (direct)Equities (direct)Property (direct)Loans (direct)Indirect investmentsDeferred tax assetsDerivatives (assets)Investments in related entities (associates, joint ventures, subsidiaries)Other assets subject to Asset Risk ChargeAccounting liabilities subject to stress:Deferred tax liabilitiesDerivatives (liabilities)Other liabilities subject to Asset Risk ChargeHPS 340 Insurance liabilities subject to stress:HPS 340 outstanding claims liabilitiesHPS 340 premium liabilitiesHPS 340 risk equalisation transfersHPS 340 other insurance liabilitiesHPS 340 deferred claims liabilityCapital regulatory receivable adjustments subject to stress:Premiums receivableNon-reinsurance recoveries receivableOther accounts receivable on insurance contracts issuedCapital regulatory payable adjustments subject to stress:Claims payableAmounts payable on reinsurance contracts heldOther accounts payable on insurance contracts issuedHPS 340 reinsurance assets subject to default stress:Reinsurance recoverables on outstanding claimsAmounts receivable on reinsurance contracts heldExpected reinsurance recoveriesOther reinsurance assetsOff balance sheet exposures subject to stress:Off-balance sheet exposures	Report the items subject to Asset Risk Charge type.Items categorised under accounting assets subject to stress must exclude the following items from the AASB 17 balance sheet:Insurance contract assets; andReinsurance contract assets.Items categorised under accounting liabilities subject to stress must exclude the following items from the AASB 17 balance sheet:Insurance contract liabilities; andReinsurance contract liabilities.
4	Stress Scenario Type	Real interest rates upwards stressReal interest rates downwards stressExpected inflation upwards stressExpected inflation downwards stressCurrency upwards stressCurrency downwards stressEquity stressProperty stressCredit spreads stressDefault stress	Report the stress scenario type.Default stress must be assigned to the data items under HPS 340 reinsurance assets subject to default stress.

Table 3: Counterparty Grade

Reporting basis

This table applies to health benefits funds and the general fund.

Report the fair value and stressed value of assets that are subject to credit spreads stress, subdivided by counterparty grade type and assets subject to credit spreads stress type.

Units of measurement

Report values in whole Australian dollars.

	Name	Valid values	Description
1	Private Health Insurer Fund Type	Health benefits fundGeneral fund	Report the private health insurer fund type.
2	Private Health Insurer Fund Name	Free text	Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.In the event an insurer has only one health benefits fund, its name should be the same as the insurer.For the general fund, report the same name as the insurer.
3	Assets Subject To Credit Spreads Stress Type	Bonds & other non-securitised assetsStructured / securitised assetsRe-securitised assets	Report the assets subject to credit spreads stress type.
4	Counterparty Grade Type	Grade 1 (Government)Grade 1 (Other)Grade 2Grade 3Grade 4Grade 5Grade 6Grade 7	Report the counterparty grade type.
5	Credit Spread Fair Value Amount	Whole dollars	Report the credit spread fair value amount.
6	Credit Spread Stressed Amount	Whole dollars	Report the credit spread stressed amount.

Table 4: Yields

Reporting basis

This table applies to health benefits funds and the general fund.

Report each of the yields used in stress scenarios as at the reporting date.

Units of measurement

Report all percentages as percentage points to two decimal places.

	Name	Valid values	Description
1	Private Health Insurer Fund Type	Health benefits fundGeneral fund	Report the private health insurer fund type.
2	Private Health Insurer Fund Name	Free text	Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.In the event an insurer has only one health benefits fund, its name should be the same as the insurer.For the general fund, report the same name as the insurer.
3	Yields Used In Stress Scenarios Type	Dividend yield used in determination of equity stressRental yield used in determination of property stressEarnings yield used in determination of property stress	Report the yields used in stress scenarios type.Dividend yield used in determination of equity stress is only required if the risk charge component for the equity stress is greater than zero.Rental yield used in determination of property stress is only required if the risk charge component for the property stress is greater than zero due to property assets. If rental yields and falls in value have been determined separately for each property asset, enter an estimate of the average rental yield for this item.Earnings yield used in determination of property stress is only required if the risk charge component for the property stress is greater than zero due to infrastructure assets.
4	Yields Used In Stress Scenarios Percent	Percentage	Report the yields used in stress scenarios percent.

Specific instructionsSpecific instructions

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Specific instructions

Table 1: Adjusted Pre-Stress Amount

Reporting basis

Units of measurement

Table 2: Impact on Capital Base

Reporting basis

Units of measurement

Table 3: Counterparty Grade

Reporting basis

Units of measurement

Table 4: Yields

Reporting basis

Units of measurement