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Financial Sector (Collection of Data) (reporting standard) determination No. 115 of 2023
LL
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L
| Liabilities excluding adjusted policy liabilities | This is the value of liabilities of the fund and is calculated as the sum of:current tax liabilities;deferred tax liabilities;derivative financial instruments (liabilities);subordinated debt;claims payable;reinsurance premiums payable;other accounts payables; andother liabilities.This does not include any amount recognised as Tier 2 Capital and seed capital. |
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| Liability adjustments | This is the difference between the adjusted policy liabilities determined in accordance with LPS 112 and net life contract liabilities after adjusting for accounts receivable and accounts payable. This item includes any tax effects.Net life contract liabilities is the sum of the insurance, reinsurance and investment contract liabilities (net of insurance and reinsurance assets) disclosed in the statutory accounts. |
| Life company fund | This means the type of life company fund. Possible types are:statutory fund;shareholder fund;benefit fund; andmanagement fund. |
| Listed equities(Items subject to Asset Risk Charge type) | This is the value of equity interests in companies listed on the ASX or overseas exchange, after allowance for look-through (if applicable).This also includes equities held within Australia and overseas, which are not treated differently for the purpose of determining Asset Risk Charge. |
| Loans(Items subject to Asset Risk Charge type) | This is the value of loans. Loans include financial leases and mortgages, and are typically non-negotiable on the secondary market. |