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Financial Sector (Collection of Data) (reporting standard) determination No. 61 of 2023
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Financial Sector (Collection of Data) (reporting standard) determination No. 61 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. 61 of 2023.
For a licensed insurer, report the adjustments and exclusions to the prudential standard requirements, as approved by APRA.
This values in this table must be completed in whole Australian dollars.
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | APRA-Approved Adjustment Type | Prescribed capital amountAsset Risk ChargeInsurance Risk Charge - outstanding claims liabilities (OCL)Insurance Risk Charge - premiums liabilities (PL)Insurance Concentration Risk ChargeAsset Concentration Risk ChargeOperational Risk Charge | Report the APRA-approved adjustment type. |
| 2 | APRA-Approved Adjustment Description | Free text | Provide a description of the APRA-approved adjustment amount.Where the adjustment is a transitional adjustment, the end date for the transitional period must be clearly included in the description of the item. |
| 3 | APRA-Approved Adjustment Transitional Indicator | YesNo | Report whether the APRA-approved adjustment amount is transitional.Report ‘Yes’ if the adjustment is transitional. Report ‘No’ if the adjustment is not transitional. |
| 4 | APRA-Approved Adjustment Amount | Whole dollars | Report the APRA-approved adjustment amount.Report adjustments that would result in an increase to the APRA-approved adjustment type calculation as a positive value. |