Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 119 of 2023 - Specific instructions

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Specific instructions

Reporting basis

This table applies to life companies including friendly societies. Data must be submitted at the level of each statutory fund for life insurers and the management fund for friendly societies.

Report all information as at the reporting date.

Units of measurement

This values in this table must be completed in whole Australian dollars.

Table 1: Operational Risk Charge

Column 1	Report the value for each of the items listed below.

Operational risk charge for risk business (ORCR)

Item 1.1	Report ORCR – Accrued premium (12 months ending on reporting date)
Item 1.2	Report ORCR - Accrued premium (12 months ending on date 12 months prior to reporting date)
Item 1.3	Report ORCR - Adjusted policy liabilities (net of reinsurance)

Operational risk charge for investment-linked business (ORCI)

Item 2.1	Report ORCI - Accrued premium (12 months ending on reporting date)
Item 2.2	Report ORCI - Adjusted policy liabilities (gross of reinsurance)This item must be reported at the date which is 12 months prior to the reporting date.
Item 2.3	Report ORCI - Adjusted policy liabilities (net of reinsurance)
Item 2.4	Report ORCI - Gross claim payments to meet policy owner liabilities (12 months ending on reporting date)

Operational risk charge for other business (ORCO)

Item 3.1	Report ORCO - Accrued premium (12 months ending on reporting date)
Item 3.2	Report ORCO - Adjusted policy liabilities (gross of reinsurance)This item must be reported at the date which is 12 months prior to reporting date.
Item 3.3