Part Specific Instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 59 of 2023 - Specific Instructions

Specific Instructions

Table 1: Prescribed Capital Amount

Reporting basis

Report information related to the licensed insurer’s prescribed capital amount.

Units of measurement

Report the dollar values in this table in whole Australian dollars.

Category of Insurer

Report the category of the insurer as defined in GPS 001.

Lenders Mortgage Insurer

Report ‘Yes’ if the reporting insurer is a lenders mortgage insurer, otherwise report ‘No’.

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

Item 1	Insurance Risk Charge is a derived item and is calculated as the sum of items 1.1 and 1.2.
Item 1.1	Report the Total OCL Insurance Risk Charge.
Item 1.2	Report the Total PL Insurance Risk Charge.

Item 2	Report the Insurance Concentration Risk Charge.

Item 3	Report the Asset Risk Charge.
Item 3.1	Report the Asset Risk Charge - aggregated risk charge component.
Item 3.2	Report the Asset Risk Charge - impact of diversification.
Item 3.3	Report the Asset Risk Charge - tax benefit deduction.

Item 4	Report the Asset Concentration Risk Charge.

Item 5

Item 5.1	Report the Operational Risk Charge for inwards reinsurance business (ORCI).
Item 5.2	Report the Operational Risk Charge for business that is not inwards reinsurance (ORCNI).