Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 114 of 2023 - Specific instructions

Specific instructions

Table 1: Determination of Capital Base (Individual Funds)

Reporting basis

This table applies to life companies including friendly societies. This table applies to statutory, shareholder, benefit and management funds.

Report all information as at the reporting date.

Units of measurement

Report the values in this table in whole Australian dollars.

Column 1	Report the value for each item listed below.

1. Net assets

Item 1.1	Report net assets of the fund.
Item 1.2	Report seed capital transferred from management fund.This item only applies to friendly societies.Report this as a positive amount.
Item 1.3	Report other adjustments to net assets as approved by APRA.Report adjustments that would result in an increase to net assets as a positive value.

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.
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.
Item 2.10.1	Report adjusted policy liabilities deficit / (surplus).Report the deficit as a positive number and the surplus as a negative number.
Item 2.10.2	Report premiums receivable.Report this item as a positive number.
Item 2.10.3	Report reinsurance recoveries receivable.Report this item as a positive number.
Item 2.10.4	Report other accounts receivable.Report this item as a positive number.
Item 2.10.5	Report claims payable.Report this item as a positive number.
Item 2.10.6	Report reinsurance premiums payable.Report this item as a positive number.
Item 2.10.7	Report other accounts payable.Report this item as a positive number.
Item 2.10.8	Report additional tax benefits / (liabilities) from liability adjustments.Report any tax benefits arising from liability adjustments as a positive number.
Item 2.11	Report fair value adjustments.Where the asset fair value is less than the reported value in the balance sheet of the fund or life company, report a positive value. Otherwise, report this as a negative value.
Item 2.12	Report adjustments to net assets of the fund due to shortfalls in Tier 2 Capital.Report this as a positive number where it would result in a reduction to net assets of the fund.
Item 2.13	Report other net asset adjustments.Report this as a positive number where it would result in a reduction to net assets of the fund.
Item 2.14	Report seed capital receivable from approved benefit fund.This item only applies to friendly societies.

3. Tier 2 Capital

Item 3	Tier 2 Capital is a derived item.It is calculated as the sum of:item 3.1;item 3.3; anditem 3.4less:item 3.2.
Item 3.1	Report eligible Tier 2 Capital instruments issued by the fund.Report this net of any amortisation required under LPS 112.
Item 3.2	Report holdings of own Tier 2 Capital instruments.Report this as a positive number where it would result in a reduction to Tier 2 capital.
Item 3.3	Report adjustments and exclusions to Tier 2 Capital.Report this as a positive number where it would result in an increase to Tier 2 capital.
Item 3.4	Report transitional Tier 2 Capital.

4. Capital Base

Item 4	Capital base is a derived item and is calculated as the sum of:items 1.1 to 1.3 inclusive; anditem 3less:item 2.

5. Capital ratios

Item 5.1	Report prescribed capital amount.
Item 5.2	Report net assets of the fund (after seed capital adjustments) amount.
Item 5.3	Capital base (net of Tier 2 Capital) ratio is a derived item and is calculated as:item 4 less item 3divided by:item 5.1.This ratio is expressed as a percentage.
Item 5.4	Prescribed capital amount coverage is a derived item and is calculated as:item 4divided by:item 5.1.This ratio is expressed as a percentage.
Item 5.5	Net assets ratio is a derived item and is calculated as:item 5.2 multiplied by 1.2divided by:item 5.1.This ratio is expressed as a percentage.
Item 5.6	Prescribed capital amount coverage (net assets) is a derived item and is calculated as the sum of:item 5.2 multiplied by 1.2; anditem 3divided by:item 5.1.This ratio is expressed as a percentage.

Table 2: Determination of Capital Base (Life Company)

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of the life company. Report all information as at the reporting date.

Units of measurement

Report the values in this table in whole Australia dollars.

Column 1	Report the value for each item listed below.

1. Tier 1 capital

Item 1	Tier 1 Capital is a derived item and is calculated as the sum of:item 1.1; anditem 1.2.
Item 1.1	Common Equity Tier 1 Capital is a derived item and should be calculated as the sum of:items 1.1.1 to 1.1.5 inclusive; anditem 1.1.7less:item 1.1.6.
Item 1.1.1	Report paid-up ordinary shares.
Item 1.1.2	Report mutual equity interests.
Item 1.1.3	Report retained earnings.Do not include the amount of undistributed current year earnings.
Item 1.1.4	Report undistributed current year earnings.
Item 1.1.5	Accumulated other comprehensive income and other disclosed reserves is a derived item and is calculated as the sum of:items 1.1.5.1 to 1.1.5.6 inclusive.
Item 1.1.5.1	Report unrealised gains or losses recognised on balance sheet.
Item 1.1.5.2	Report reserves from equity-settled share-based payments.
Item 1.1.5.3	Report cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital.
Item 1.1.5.4	Report foreign currency translation reserve.
Item 1.1.5.5	Report general reserve.
Item 1.1.5.6	Report other gains and losses in accumulated comprehensive income and other disclosed reserves.
Item 1.1.6	Regulatory adjustments to Common Equity Tier 1 Capital is a derived item and is calculated as the sum of items:1.1.6.1 to 1.1.6.13 inclusive.
Item 1.1.6.1	Report holdings of own Common Equity Tier 1 Capital instruments.
Item 1.1.6.2	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 1.1.6.3	Report fair value gains and losses from changes in own creditworthiness.Report this as a positive number where there are unrealised gains or a negative value for unrealised losses.
Item 1.1.6.4	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 1.1.6.5	Report surplus in defined benefit superannuation funds.Any excluded surplus must reverse any associated deferred tax liability from Common Equity Tier 1 Capital. Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, report this value as zero.

2. Tier 2 Capital

Item 2	Report Tier 2 Capital is a derived item and is calculated as the sum of:item 2.1;item 2.3; anditem 2.4less:item 2.2.
Item 2.1	Report eligible Tier 2 Capital instruments.Report this net of any amortisation required under LPS 112.
Item 2.2	Report holdings of own Tier 2 Capital instruments.Report this as a positive number where it would result in a reduction to Tier 2 Capital.
Item 2.3	Report adjustments and exclusions to Tier 2 Capital.Report this as a positive number where it would result in an increase to Tier 2 Capital.
Item 2.4	Report transitional Tier 2 Capital.

3. Capital Base

Item 3	Capital base is a derived item and is calculated as the sum of:item 1 anditem 2.

4. Capital ratios

Item 4.1	Report prescribed capital amount.
Item 4.2	Report net assets (less equity components classified as Additional Tier 1 Capital) amount.
Item 4.3	Common Equity Tier 1 Capital ratio is a derived item and is calculated as:item 1.1divided by:item 4.1.This ratio is expressed as a percentage.
Item 4.4	Tier 1 Capital ratio is a derived item and is calculated as:item 1divided by:item 4.1.This ratio is expressed as a percentage.
Item 4.5	Prescribed capital amount coverage is a derived item and is calculated as:item 3divided by:item 4.1.This ratio is expressed as a percentage.
Item 4.6	Net assets ratio is a derived item and is calculated as:item 4.2 multiplied by 1.2divided by:item 4.1.This ratio is expressed as a percentage.
Item 4.7	Net assets plus Additional Tier 1 Capital ratio is a derived item and is calculated as the sum of:item 1.2; anditem 4.2 multiplied by 1.2divided by:item 4.1.This ratio is expressed as a percentage.
Item 4.8	Prescribed capital amount coverage (net assets) is a derived item and is calculated as the sum of:item 1.2;item 2; anditem 4.2 multiplied by 1.2divided by:item 4.1.This ratio is expressed as a percentage.

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Table 1: Determination of Capital Base (Individual Funds)

Reporting basis

Units of measurement

1. Net assets

2. Regulatory adjustments to net assets

3. Tier 2 Capital

4. Capital Base

5. Capital ratios

Table 2: Determination of Capital Base (Life Company)

Reporting basis

Units of measurement

1. Tier 1 capital

2. Tier 2 Capital

3. Capital Base

4. Capital ratios