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Financial Sector (Collection of Data) (reporting standard) determination No. 117 of 2023
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| Expected deficiency (before prescribed multiplier)(Insurance Risk Charge component) | This is the expected deficiency in management fees and the servicing expenses expected to arise over the period of 12 months subsequent to the reporting date. |
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| Expected deficiency (post prescribed multiplier)(Insurance Risk Charge component) | This is the expected deficiency in management fees received relative to the servicing expenses incurred over the next 12-month period, post the application of the prescribed multiplier. |
| Expected management fees(Insurance Risk Charge component) | This is the total amount of management fees expected to be received by the management fund from benefit funds.The reported expected management fees must allow for the effect of any assumed reduction in management fees assumed under asset and/or insurance stress and should cover the period of 12 months subsequent to the reporting date. |
| Expected servicing expenses(Insurance Risk Charge component) | This is the amount of servicing expenses incurred by the management fund in relation to the life insurance activities of the friendly society.The reported amount should cover the period of 12 months subsequent to the reporting date. |