Financial Sector (Collection of Data) (reporting standard) determination No. 20 of 2007 - LRS 120.0 - Management Capital
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Introduction
Form LRF 120.0 Management Capital (LRF 120.0) provides APRA with the necessary information on the management capital requirement of the shareholders’ fund, as well as management capital reserve & ratio, component details, and the prudential capital requirement & coverage, to undertake an assessment of the adequacy of a life insurance company’s capital position outside of its statutory funds. It also assists APRA in the supervision of compliance with the requirements of the Life Insurance Act 1995.
This Instruction Guide is designed to assist reporting entities in the completion of LRF 120.0. The Instruction Guide provides:
- general directions and notes regarding preparation and lodgement; and
- instructions relating to specific items.