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Financial Sector (Collection of Data) (reporting standard) determination No. 107 of 2023
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Specific instructions
Reporting basis
Report items relating to Operational Risk Charge for each health benefits fund and the general fund.
Report all items gross of any associated outwards reinsurance expense.
Units of measurement
This values in this table must be completed in whole Australian dollars.
Table 1: Operational Risk Charge
| Column 1 | Report the value for each of the items listed below. |
|---|
- Operational Risk Charge (ORC)
| Item 1 | The ORC is a derived item and is calculated using the formula in accordance with HPS 118. |
|---|---|
| Item 1.1 | Report the ORC - Accrued premium for the 12 months ending on the reporting date. |
| Item 1.2 | Report the ORC - Accrued premium for the 12 months ending on the date 12 months prior to the reporting date. |
| Item 1.3 | Report the ORC - Central estimate of insurance liabilities. |