Financial Sector (Collection of Data) (reporting standard) determination No. 117 of 2023
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Specific instructions
Table 1: Insurance Risk Charge
Reporting basis
This table applies to life companies including friendly societies. Data must be submitted at the level of each individual statutory fund for life insurers and each benefit fund for friendly societies. Report all information as at the reporting date.
Units of measurement
The values in this table must be competed in whole Australian dollars (no decimal place).
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Life Company Fund Type | Statutory fundBenefit fund | Report life company fund. |
| 2 | Life Company Fund Name | Free text | Report the name of life company fund. |
| 3 | Insurance Risk Charge Component Type | Adjusted policy liabilities (gross of reinsurance)Adjusted policy liabilities (net of reinsurance)Stressed policy liabilities (gross of reinsurance)Stressed policy liabilities (net of reinsurance)Insurance Risk Charge - tax benefits | Report Insurance Risk Charge component type. |
| 4 | Insurance Benefit | Non-participating benefits without entitlement to discretionary additionsNon-participating benefits with entitlement to discretionary additionsParticipating benefitsFriendly society benefits | Report insurance benefit. |
| 5 | Insurance Risk Charge Component Amount | Whole dollars | Report Insurance Risk Charge component amount.Report Insurance Risk Charge - tax benefits as a positive value where tax benefits are recognised. |
Table 2: Insurance Risk Charge – Friendly Societies
Reporting basis
This table applies to friendly societies only. Data must be submitted at the level of the management fund.
Report all information as at the reporting date.
Units of measurement
The values in this table must be competed in whole Australian dollars (no decimal place).
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Life Company Fund Name |