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Financial Sector (Collection of Data) (reporting standard) determination No. 114 of 2023
2. Regulatory adjustments to net assets2. Regulatory adjustments to net assets
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2. Regulatory adjustments to net assets
| Item 2 | Regulatory adjustments to net assets is a derived item and is calculated as the sum of:items 2.1 to 2.14 inclusive. |
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| Item 2.1 | Report holdings of own Tier 1 Capital instruments.Report this as a positive number where it would result in a reduction to net assets of the fund. |
| Item 2.2 | Report excess of deferred tax assets over deferred tax liabilities.Where the deferred tax liabilities exceed the deferred tax assets, report this value as zero. |
| Item 2.3 | Report fair value gains and losses from changes in own creditworthiness.Report this as a positive value where there are unrealised gains or a negative value for unrealised losses. |
| Item 2.4 | Report goodwill and other intangible assets.Amounts reported in this item must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards. |
| Item 2.5 | Report surplus in defined benefit superannuation funds.Any excluded surplus must reverse any associated deferred tax liability from net assets of the fund. Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, report this value as zero. |
| Item 2.6 | Report deficit in defined benefit superannuation funds.This only needs to be reported where the deficit is not already reflected in the net assets of the fund or the Common Equity Tier 1 Capital of the life company.Report the deficit (if any) as a positive number. |
| Item 2.7 | Report reinsurance assets not subjected to an executed and legally binding contract. |
| Item 2.8 | Report regulatory capital requirement of investments in subsidiaries, JVs and associates.The amount of deduction is lesser of the fund's or life company’s share of regulatory capital requirement and the value of the investment that is recorded on the fund's balance sheet after adjusting for any intangibles reported in goodwill and other intangible assets.If the investment subject to this deduction is a non-operating holding company, a look-through approach must be applied. |
| Item 2.9 | Report assets under a fixed or floating charge. |
| Item 2.10 | Liability adjustments is a derived item and is calculated as the sum of:item 2.10.1; anditems 2.10.5 to 2.10.7 inclusiveless:items 2.10.2 to 2.10.4 inclusive; anditem 2.10.8. |