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Subdivision Unit of measurement - Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2010 - GRS 110.0 (2010) - Minimum Capital Requirement - Unit of measurement | Zoe

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Home/Legislation/Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2010 - GRS 110.0 (2010) - Minimum Capital Requirement/Unit of measurement

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Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2010 - GRS 110.0 (2010) - Minimum Capital Requirement

Unit of measurementUnit of measurement

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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2010 - GRS 110.0 (2010) - Minimum Capital Requirement.

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Unit of measurement

The form reports in Australian currency rounded in thousands of dollars (no decimal place). Ratios are expressed to 2 decimal places.

Previous sectionA general insurer must, at all times, maA general insurer must, at all times, maintain a capital base in excess of its Minimum Capital Requirement as required by Prudential Standard GPS 110 Capital Adequacy.

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