Division Table 1: Insurance Risk Charge - Financial Sector (Collection of Data) (reporting standard) determination No. 117 of 2023 - Table 1: Insurance Risk Charge

Table 1: Insurance Risk ChargeTable 1: Insurance Risk Charge

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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 117 of 2023.

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