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Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023.
Reporting basis
This section relates to:
life insurers only.
Report this table for each statutory fund.
Report the components of the variable annuity capital charge calculation as at reporting date.
Report this table on a quarterly and an annual basis.
Units of measurement
Report the dollar values in this table in whole Australian dollars.
Report decimal values to two decimal places.
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Life Company Fund Name | Free text | Report the name of life company fund. |
| 2 | Capital Requirement Excluding Hedging | Whole dollars | Report capital requirement excluding hedging amount. |
| 3 | Capital Requirement Including Hedging | Whole dollars | Report capital requirement including hedging amount |
| 4 | Diversification Factor Between Asset And Insurance Risks | Decimal | Report diversification factor between asset and insurance risks within the range of 0 to 1. |
| 5 | Effectiveness Factor | Decimal | Report effectiveness factor within the range of 0 to 0.7. |