Division I - Financial Sector (Collection of Data) (reporting standard) determination No. 117 of 2023 - I

Insurance benefit	This is the type of insurance benefit that a life policy can include. Life companies must report data items by insurance benefit where required. Insurance benefit can either be:non-participating benefits;participating benefits; orfriendly society benefits.Non-participating benefits can either be:non-participating benefits without entitlement to discretionary additions; ornon-participating benefits with entitlement to discretionary additions.
Insurance Risk Charge component	This is a component which forms part of the Insurance Risk Charge calculation.
Insurance Risk Charge - tax benefits(Insurance Risk Charge component)	For a statutory fund or benefit fund of a life company, this is the total tax benefits arising from the increase in adjusted policy liabilities (net of reinsurance) to stressed policy liabilities (net of reinsurance) due to the application of insurance risk stresses.
Insurance Risk Charge - tax benefits (FS)(Insurance Risk Charge component)	For the management fund of a friendly society, this is the tax benefits arising from the inclusion of the servicing expense reserve in liabilities. Admissibility of tax benefits will be assessed in calculating the prescribed capital amount.

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