Division Definitions - Financial Sector (Collection of Data) (reporting standard) determination No. 63 of 2023 - Definitions

Definitions

Terms in bold italics are defined in this Definitions section of these instructions.

Accumulated other comprehensive income and other disclosed reserves	This is the sum of all other comprehensive income and disclosed reserves and is calculated as the sum of:unrealised gains or losses recognised on balance sheet;reserves from equity-settled share-based payments;foreign currency translation reserve;general reserve;cumulative unrealised gains or losses on hedges offsetting gains or losses in Common Equity Tier 1 Capital; andother gains and losses in accumulated comprehensive income and other disclosed reserves.
Additional Tier 1 Capital	This is the value of instruments issued by the reporting insurer that meet the criteria for inclusion in Additional Tier 1 Capital in accordance with GPS 112, and which are not included in Common Equity Tier 1 Capital. This is net of regulatory adjustments specified in GPS 112.Additional Tier 1 Capital is calculated as the sum of:Additional Tier 1 Capital instruments;adjustments and exclusions to Additional Tier 1 Capital;transitional Additional Tier 1 Capital; andexcess mutual equity interests;less:holdings of own Additional Tier 1 Capital instruments; andadjustments to Additional Tier 1 Capital due to shortfall in Tier 2 capital.
Additional Tier 1 Capital instruments	This is the value of capital instruments issued by the reporting insurer that meet the eligibility criteria for Additional Tier 1 Capital but not the criteria for the higher quality capital, i.e. Common Equity Tier 1 Capital.
Adjusted net assets in Australia	This is the amount of net assets, deemed as being inside Australia, after the deductions for capital adequacy purposes determined in accordance with Prudential Standard GPS 120 Assets in Australia (GPS 120).Adjusted net assets in Australia is calculated as the sum of:net assets in Australia (before deductions); andadjustments and exclusions to adjusted net assets in Australialess:total deductions for assets specifically excluded from being considered inside Australia.
Adjustments and exclusions to Additional Tier 1 Capital	This is the amount of adjustments applied to Additional Tier 1 Capital that is specific to the application of the requirements in GPS 112.
Adjustments and exclusions to adjusted net assets in Australia	This is the amount of regulatory adjustments applied to the adjusted net assets in Australia that are specific to the application of the requirements in GPS 120.
Adjustments and exclusions to Common Equity Tier 1 Capital	This is the amount of adjustments applied to the Common Equity Tier 1 Capital that are specific to the application of the requirements in GPS 112.
Adjustments and exclusions to Tier 2 Capital	This is the amount of adjustments applied to the Tier 2 Capital that are specific to the application of the requirements in GPS 112.
Adjustments to Additional Tier 1 Capital due to shortfall in Tier 2 Capital	This is the value of any deductions (refer to GPS 112) from Additional Tier 1 Capital due to a shortfall in Tier 2 Capital to absorb required deductions from this category of capital.
Adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital	This is the value, as at the relevant date, of any deductions (refer to GPS 112) from Common Equity Tier 1 Capital due to a shortfall in Additional Tier 1 Capital to absorb required deductions from this category of capital.
Adjustments to retained earnings due to changes in accounting policies / standards	This is the value of aggregate adjustments to retained earnings due to changes in accounting policies or accounting treatment.
Aggregate of amounts transferred from parent entity	Report the value of funds received and allocated to retained earnings during the reporting period. This item refers only to funds that are capital contributions from the parent entity and are not required to be repaid.
Aggregate of amounts transferred to parent entity	Report the amount of dividends or funds transferred to the parent entity during the reporting period.
Amounts payable on reinsurance contracts held	This is the value of amounts payable on reinsurance contracts held. This includes reinsurance premiums that are due to be paid, all unpaid instalment reinsurance premiums, reinsurer’s portion of recoveries and salvage, and commissions due to reinsurers. This also includes deposits withheld from reinsurers.For reinsurance contracts held, if there is a legal right of set-off within the underlying reinsurance contracts, report the amount after set-off against other amounts receivable from the reinsurer under that reinsurance contract. If the amount is a net receivable position from the reinsurer, report the amount under amounts receivable on reinsurance contracts held. If there is not a legal right of set-off, report the amount payable without set-off. Also refer to the definition of amounts receivable on reinsurance contracts held.Amounts payable on reinsurance contracts held is netted against reinsurance contract assets or added to reinsurance contract liabilities under Australian Accounting Standards Board 17 Insurance Contracts (AASB 17).This must exclude any amount already allowed in insurance liabilities determined under Prudential Standard GPS 340 Insurance Liability Valuation (GPS 340) to avoid double counting.
Amounts receivable on reinsurance contracts held	This is the value of amounts receivable on reinsurance contracts held. This includes reinsurance recoverables on paid claims.For reinsurance contracts held, if there is a legal right of set-off within the underlying reinsurance contracts, report the amount after set-off against other amounts payable to the reinsurer under that reinsurance contract. If the amount is a net payable position to the reinsurer, report the amount under amounts payable on reinsurance contracts held. If there is not a legal right of set-off, report the receivable amount without set-off. Also refer to the definition of amounts payable on reinsurance contracts held.Amounts receivable on reinsurance contracts held is netted against reinsurance contract liabilities or added to reinsurance contract assets under AASB 17.This must exclude any amount already allowed insurance liabilities determined under GPS 340 to avoid double counting.
Amounts transferred to / from reserves	This is the value, for the relevant period, of funds that have been transferred to (from) retained earnings from (to) reserves.
Assets in Australia	This represents the reporting insurer's assets which are to be treated as assets in Australia under the Insurance Act reported under Reporting Standard GRS 300.0 Statement of Financial Position (GRS 300.0).
Assets under a fixed or floating charge	This is the value of assets of the reporting insurer that are under a fixed or floating charge, mortgage or other security to the extent of the indebtedness secured on those assets. This deduction may be reduced by the amount of any liability for the charge that is recognised on the reporting insurer’s balance sheet.Where the security exclusively supports a reporting insurer’s insurance liabilities (valued in accordance with GPS 340), the deduction only applies to the amount by which the fair value of the charged assets exceeds the reporting insurer’s supported insurance liabilities.

Capital base	The capital base relates to the amount of capital eligible for the purpose of meeting the Prudential Capital Requirement as set out in GPS 110.For reporting insurers that are not Category C insurers, the capital base is calculated as the sum of:Tier 1 Capital; andTier 2 Capital.For Category C insurers the capital base is calculated as:adjusted net assets in Australiai.e. the amount of the net assets that are deemed as being inside Australia in accordance with GPS 120.
Cash flow hedge reserves relating to hedging of items not recorded at fair value	This is the value of cash flow hedge reserves that relate to the hedging items that are not recorded at fair value on the balance sheet (including projected cash flows).
Claims payable	This is the value of claims payable, which reflects claims due but not paid.For inwards reinsurance business, where there is a legal right of set-off within the underlying reinsurance contract, report under this item if the amount after set-off results in a net payable position to the cedant. If there is not a legal right of set-off, report the amount payable without set-off. Also refer to the definition of premiums receivable.Claims payable is netted against insurance contract assets or added to insurance contract liabilities under AASB 17.This must exclude any amount already allowed in insurance liabilities determined under GPS 340 to avoid double counting.
Common Equity Tier 1 Capital	This is the highest quality component of capital held by the reporting insurer as determined under the eligibility characteristics set out in GPS 112, net of all regulatory adjustments.Common Equity Tier 1 Capital is calculated as the sum of:paid-up ordinary shares;mutual equity interests;retained earnings;undistributed current year earnings;accumulated other comprehensive income and other disclosed reserves;net surplus / (deficit) relating to insurance liabilities;regulatory adjustments to Common Equity Tier 1 Capital for accounts receivables; andadjustments and exclusions to Common Equity Tier 1 Capitalless:regulatory adjustments to Common Equity Tier 1 Capital for accounts payables; andregulatory adjustments to Common Equity Tier 1 Capital.
Common Equity Tier 1 Capital ratio	Common Equity Tier 1 Capital ratio is calculated as:Common Equity Tier 1 Capital;divided by:prescribed capital amount.
Cost of reinsurance for future business not yet written	This is the amount of the total cost of reinsurance that relates to business that has not yet been written. This amount represents the cover that an insurer has under a particular reinsurance contract, which is available for future business, written up to the end of the reinsurance contract. This amount can be used to increase the surplus (or decrease the deficit) in the PL surplus / (deficit).Amounts must not be included in this item where the underlying reinsurance arrangement does not comply with the threshold levels of reinsurance documentation set out in GPS 112 or the governing law requirements set out in Prudential Standard GPS 230 Reinsurance Management (GPS 230).

Deficit in defined benefit superannuation fund	This is the amount of deficit (if any) in a defined benefit superannuation fund where the reporting insurer is an employer-sponsor.
Dividends declared or paid	Report dividends which are declared or paid by the reporting insurer. A dividend is the amount paid out of a company's profits to its shareholders (interim and final dividend). The annual dividend equals the final dividend plus the interim dividend if declared.

Eligible Tier 2 Capital instruments	This is the value of capital instruments issued by the reporting insurer that meet the eligibility criteria for Tier 2 Capital in GPS 112.
Excess mutual equity interests	This is the value of any mutual equity interests that are above the limit specified in GPS 112 (that is, the value of any mutual equity interests on issue that are not eligible for inclusion in Common Equity Tier 1 Capital).For the purposes of this item, only include proceeds of issues that have been received by the issuer. Any partly paid issue is reported only to the extent that it has been paid-up.
Excess of deferred tax assets over deferred tax liabilities	This is the amount of deferred tax assets (DTA) in excess of deferred tax liabilities (DTL) of the reporting insurer as per the requirements of GPS 112The DTA and DTL must include any tax effect arising from the accounts receivables and accounts payables adjustments and the technical provisions in surplus / (deficit) of GPS 340 liabilities. For example, the DTA must be increased by any tax benefit arising from these adjustments whereas, the DTL must be increased by any tax liability arising from the adjustments.

Eligible Tier 2 Capital instruments

This is the value of capital instruments issued by the reporting insurer that meet the eligibility criteria for Tier 2 Capital in GPS 112.

Excess mutual equity interests

This is the value of any mutual equity interests that are above the limit specified in GPS 112 (that is, the value of any mutual equity interests on issue that are not eligible for inclusion in Common Equity Tier 1 Capital).For the purposes of this item, only include proceeds of issues that have been received by the issuer. Any partly paid issue is reported only to the extent that it has been paid-up.

Excess of deferred tax assets over deferred tax liabilities

This is the amount of deferred tax assets (DTA) in excess of deferred tax liabilities (DTL) of the reporting insurer as per the requirements of GPS 112The DTA and DTL must include any tax effect arising from the accounts receivables and accounts payables adjustments and the technical provisions in surplus / (deficit) of GPS 340 liabilities. For example, the DTA must be increased by any tax benefit arising from these adjustments whereas, the DTL must be increased by any tax liability arising from the adjustments.

Fair value adjustments	A regulated institution must deduct the difference between fair value and the reported value of each asset as per the requirements of GPS 112.
Fair value gains and losses from changes in own creditworthiness	This is the net unrealised gains (or losses) from changes in the fair values of the liabilities that arise due to changes in creditworthiness of the reporting insurer.
Foreign currency translation reserve	This is the value of the reserve relating to exchange rate differences arising on translation of assets and liabilities to the presentation currency in accordance with Australian Accounting Standards.

General reserve	General reserves are created from the appropriation of profits by the reporting insurer after the payment of all dividends and tax.
Goodwill	This is the value of goodwill, as per GPS 112, net of adjustments to profit or loss reflecting changes arising from any impairment.This item also includes the goodwill attributable to certain categories of subsidiaries, associates and joint ventures of the reporting insurer as per GPS 112.

Head office transfers declared or paid	Report any head office transfers declared or paid that are not reported in aggregate of amounts transferred to parent entity.
Holdings of own Additional Tier 1 Capital instruments	This is the total effective own holdings of Additional Tier 1 Capital instruments issued by the reporting insurer unless exempted by APRA or eliminated under Australian Accounting Standards.
Holdings of own Common Equity Tier 1 Capital instruments	This is the value, as at the relevant date, of the reporting insurer's holdings of its own Common Equity Tier 1 Capital instruments unless exempted by APRA or eliminated under Australian Accounting Standards.This item must also include:capital instruments the reporting insurer could be contractually obliged to purchase; andunused portion of the limits agreed with APRA as per the requirements of GPS 112.
Holdings of own Tier 2 Capital instruments	This is the total effective holdings of own eligible Tier 2 Capital instruments that were issued by the reporting insurer unless exempted by APRA or eliminated under Australian Accounting Standards.

Liabilities in Australia	This represents the reporting insurer's liabilities which are to be treated as liabilities in Australia under the Insurance Act reported under GRS 300.0.
Liabilities in Australia net of surplus / (deficit) relating to insurance liabilities	This is calculated as the sum of:liabilities in Australia; andregulatory adjustments to adjusted net assets for accounts payables inside Australialess the sum of:net surplus / (deficit) relating to insurance liabilities inside Australia; andregulatory adjustments to adjusted net assets for accounts receivables inside Australia.

Mutual equity interests	This is the value of all mutual equity interests on issue up to a maximum limit of 25 percent of the reporting insurer’s total Common Equity Tier 1 Capital before applying regulatory adjustments.For the purposes of this item, only include proceeds of issues that have been received by the issuer. Any partly paid issue is reported only to the extent that it has been paid-up.

Net assets (less equity components classified as Additional Tier 1 Capital)	For a non-category C insurer, this is net assets as reported in the balance sheet after deducting for any equity components classified as Additional Tier 1 Capital.For a category C insurer, net assets is calculated as:assets in Australiaminus:liabilities in Australia.
Net assets in Australia (before deductions)	This is the amount of net assets, deemed as being inside Australia, after adding or deducting the net surplus / deficit related to insurance liabilities, but before any deductions excluded for capital adequacy purposes and determined in accordance with GPS 120.This is calculated as:assets in Australia;less:liabilities in Australia net of surplus / (deficit) relating to insurance liabilities.
Net assets plus Additional Tier 1 Capital ratio	For a non-category C insurer, net assets plus Additional Tier 1 Capital ratio is calculated as the sum of:Additional Tier 1 Capital; andnet assets (less equity components classified as Additional Tier 1 Capital) multiplied by 1.2divided by:prescribed capital amount.
Net assets ratio	For a non-category C insurer, net assets ratio is calculated as:net assets (less equity components classified as Additional Tier 1 Capital) multiplied by 1.2divided by:prescribed capital amount.
Net surplus / (deficit) relating to insurance liabilities	This is the total technical provisions in surplus or deficit of those required by GPS 340. Technical provisions refer to the accounting insurance and reinsurance liabilities and assets.Net surplus / (deficit) relating to insurance liabilities is calculated as the sum of:OCL surplus / (deficit);PL surplus / (deficit); andcost of reinsurance for future business not yet written;less:tax effect of net OCL and PL surplus / (deficit).
Non-reinsurance recoveries receivable	This is the value of non-reinsurance recoveries on paid claims.Non-reinsurance recoveries receivable is netted against insurance contract liabilities or added to insurance contract assets under AASB 17.This must exclude any amount already allowed in insurance liabilities determined under GPS 340 to avoid double counting.

OCL surplus / (deficit)	For incurred claims, this is the insurance and reinsurance contract liabilities after deducting insurance and reinsurance contract assets determined under Australian Accounting Standards in surplus (positive figure) or deficit (negative figure) to the net outstanding claims liabilities determined under GPS 340.
Other adjustments to net assets in Australia	This is the value of deductions from assets in Australia that the reporting insurer must make as required under any prudential standards other than GPS 112.
Other accounts payable on insurance contracts issued	Other accounts payable on insurance contracts issued reflects any other amounts due but not paid relating to insurance contracts. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.Other accounts payable on insurance contracts issued is netted against insurance contract assets or added to insurance contract liabilities under AASB 17.This must exclude any amount already allowed in insurance liabilities determined under GPS 340 to avoid double counting.
Other accounts receivable on insurance contracts issued	Other accounts receivable on insurance contracts issued reflects any other amounts due but not received relating to insurance contracts. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.Other accounts receivable on insurance contracts issued is netted against insurance contract liabilities or added to insurance contract assets under AASB 17.This must exclude any amount already allowed in insurance liabilities determined under GPS 340 to avoid double counting.
Other Common Equity Tier 1 Capital adjustments	This is the value of deductions from Common Equity Tier 1 Capital that the reporting insurer must make as required under any prudential standards other than GPS 112.
Other gains and losses in accumulated comprehensive income and other disclosed reserves	This is the value of any other gains and losses in accumulated comprehensive income and other disclosed reserves that may be specified in writing by APRA as per GPS 112.
Other intangible assets	This is the value of intangible assets, other than goodwill, as per GPS 112, net of adjustments to profit or loss reflecting changes arising from any impairment and amortisation. The amounts reported must be net of any associated deferred tax liability that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards.This item also includes the intangible assets attributable to certain categories of subsidiaries, associates and joint ventures of the reporting insurer as per GPS 112.

Paid-up ordinary shares	This represents paid-up ordinary shares issued by the reporting insurer that meet the criteria for classification as ordinary shares for regulatory purposes in accordance with GPS 112.
PL surplus / (deficit)	For remaining coverage, this is the insurance and reinsurance contract liabilities after deducting insurance and reinsurance contract assets determined under Australian Accounting Standards in surplus (positive figure) or deficit (negative figure) to the net premiums liabilities determined under GPS 340.
Premiums receivable	This is the value of unpaid premiums in relation to direct insurance business and inwards reinsurance business. Unpaid premiums include premiums that are due to be received, unpaid premiums available for collection, and premiums not yet available for collection. Insurers must include all unpaid instalment premiums.This amount includes unpaid premiums in relation to unclosed business. Unclosed business refers to business written close to the balance date where acceptance of risk is prior to the balance date but there is insufficient information to accurately identify the business. This includes insurance policies that have not been processed, but for which a reporting insurer is liable at the valuation date.Premiums should be gross of reinsurance and commissions, before profit share rebates, and inclusive of stamp duty, policy fees, loadings and discounts.For inwards reinsurance business, if there is a legal right of set-off within the underlying reinsurance contract, report the amount after set-off against other amounts payable to the cedant under that reinsurance contract. If the amount is a net payable position to the cedant, report the amount under claims payable. If there is not a legal right of set-off, report the amount receivable without set-off. Also refer to the definition of claims payable.Premiums receivable is netted against insurance contract liabilities or added to insurance contact assets under AASB 17.Premiums receivable must be reduced by the amount that is likely to become uncollectable in the future.
Premiums receivable expected to be received in 6 months or less	This represents premiums receivable that are expected to be received in 6 months or less as at the reporting date (e.g. from insurance brokers or other intermediaries).
Premiums receivable expected to be received in more than 6 months	This represents premiums receivable that are expected to be received in more than 6 months as at the reporting date (e.g. from insurance brokers or other intermediaries).
Premiums receivable on unclosed business	This represents premiums receivable for business written close to the balance date where acceptance of the risk is prior to the balance date, but there is insufficient information to accurately identify this business.

Reduction in retained earnings on share buy back	This is the value of the reduction in the reporting insurer's retained earnings due to the buy back, or repurchase, of shares on issue during the relevant period. This represents the portion of the consideration used for share buy backs that is allocated to retained earnings.
Regulatory adjustments to adjusted net assets for accounts payables inside Australia	These are adjustments to be added to liabilities in Australia net of surplus / (deficit) relating to insurance liabilities relating to accounts payables, net of tax effects.Regulatory adjustments to adjusted net assets for accounts payable inside Australia is calculated as the sum of:claims payable inside Australia;amounts payable on reinsurance contracts held inside Australia; andother accounts payable on insurance contracts issued inside Australia;less:reversal of tax impact of payables inside Australia.
Regulatory adjustments to adjusted net assets for accounts receivables inside Australia	These are adjustments to be deducted from liabilities in Australia net of surplus / (deficit) relating to insurance liabilities relating to accounts receivables, net of tax effects.Regulatory adjustments for accounts receivable capital for account receivables is calculated as the sum of:premiums receivable inside Australia;amounts receivable on reinsurance contracts held inside Australia;non-reinsurance recoveries receivable inside Australia; andother accounts receivable on insurance contracts issued inside Australia;less:reversal of tax impact of receivables inside Australia.
Regulatory adjustments to Common Equity Tier 1 Capital for accounts payables	These are adjustments to be deducted from Common Equity Tier 1 Capital relating to accounts payables, net of tax effects.Regulatory adjustments to Common Equity Tier 1 Capital for accounts payables is calculated as the sum of:claims payable;amounts payable on reinsurance contracts held; andother accounts payable on insurance contracts issued;less:reversal of tax impact of payables.
Regulatory adjustments to Common Equity Tier 1 Capital for accounts receivables	These are adjustments to be added to Common Equity Tier 1 Capital relating to accounts receivables, net of tax effects.Regulatory adjustments to Common Equity Tier 1 Capital for account receivables is calculated as the sum of:premiums receivable;amounts receivable on reinsurance contracts held;non-reinsurance recoveries receivable;other accounts receivable on insurance contracts issued; andless:reversal of tax impact of receivables.
Regulatory adjustments to Common Equity Tier 1 Capital	This is the total of all regulatory adjustments applied to Common Equity Tier 1 Capital specified in GPS 112.Regulatory adjustments to Common Equity Tier 1 Capital is calculated as the sum of:holdings of own Common Equity Tier 1 Capital instruments;cash flow hedge reserves relating to hedging of items not recorded at fair value;excess of deferred tax assets over deferred tax liabilities;fair value gains and losses from changes in own creditworthiness;goodwill;other intangible assets;surplus in defined benefit superannuation fund;deficit in defined benefit superannuation fund;reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test;reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements;regulatory capital requirement of investments in subsidiaries, JVs and associates;assets under a fixed or floating charge;fair value adjustments;adjustments to Common Equity Tier 1 Capital due to shortfall in Additional Tier 1 Capital; andother Common Equity Tier 1 Capital adjustments.

Surplus in defined benefit superannuation fund

This is the amount of surplus (if any) in defined benefit superannuation funds where the reporting insurer is an employer-sponsor, net of any associated deferred tax liabilities that would be extinguished if the assets involved become impaired or derecognised under Australian Accounting Standards. Where the extinguished deferred tax liability of the defined benefit superannuation fund exceeds the reported surplus, report this value as zero.Representations may be made to APRA to include the surplus in the capital base provided the criteria are met as per GPS 112.

Tax effect of net OCL and PL surplus / (deficit)	This is the tax effect of the technical provisions in surplus (positive figure) or deficit (negative figure) of those required under GPS 340.Full tax benefits and liabilities must be assumed for the purposes of reporting this item but they must be included when assessing the adjustment for excess of deferred tax assets over deferred tax liabilities.
Tier 1 Capital	Tier 1 Capital is calculated as the sum of:Common Equity Tier 1 Capital; andAdditional Tier 1 Capital.
Tier 1 Capital ratio	Tier 1 Capital ratio is calculated as:Tier 1 Capital;divided by:prescribed capital amount.
Tier 2 Capital	Tier 2 Capital includes components of capital that, to varying degrees, fall short of the quality of Tier 1 Capital but nonetheless contribute to the overall strength of the fund and its capacity to absorb losses.Tier 2 Capital is calculated as the sum of:eligible Tier 2 Capital instruments;adjustments and exclusions to Tier 2 Capital;transitional Tier 2 Capital; andless:holdings of own Tier 2 Capital instruments.
Total deductions for assets specifically excluded from being considered inside Australia	This is the total of deductions for assets specifically excluded from being considered inside Australia in accordance with GPS 120.This is calculated as the sum of:cash flow hedge reserves relating to hedging of items not recorded at fair value inside Australia;excess of deferred tax assets over deferred tax liabilities inside Australia;fair value gains and losses from changes in own creditworthiness inside Australia;goodwill inside Australia;other intangible assets inside Australia;surplus in defined benefit superannuation fund inside Australia;deficit in defined benefit superannuation fund inside Australia;reinsurance assets related to reinsurance contracts that do not meet the reinsurance documentation test in Australia;reinsurance assets receivable under reinsurance contracts that do not meet governing law requirements in Australia;regulatory capital requirement component of investments in subsidiaries, JVs and associates inside Australia;assets under a fixed or floating charge inside Australia;fair value adjustments inside Australia; andother adjustments to net assets in Australia.
Transitional Additional Tier 1 Capital	This is the value of capital instruments that have been temporarily recognised and approved as Additional Tier 1 Capital for transition purposes.
Transitional Tier 2 Capital	This is the value of capital instruments that have been temporarily recognised and approved as Tier 2 Capital for transition purposes.

Undistributed current year earnings	Undistributed current year earnings should be consistent with the profit / (loss) amounts reported in the income statement.This item must account for (where applicable) negative goodwill, expected tax expenses, and dividends when declared in accordance with the Australian Accounting Standards. The declared dividends reported may be reduced by the expected proceeds, as agreed in writing by APRA, of a dividend reinvestment plan to the extent that dividends are used to purchase new ordinary shares issued by the reporting insurer.
Unrealised gains or losses recognised on balance sheet	This is the total value of unrealised gains or losses that have been recognised on the balance sheet.

Undistributed current year earnings

Undistributed current year earnings should be consistent with the profit / (loss) amounts reported in the income statement.This item must account for (where applicable) negative goodwill, expected tax expenses, and dividends when declared in accordance with the Australian Accounting Standards. The declared dividends reported may be reduced by the expected proceeds, as agreed in writing by APRA, of a dividend reinvestment plan to the extent that dividends are used to purchase new ordinary shares issued by the reporting insurer.

Unrealised gains or losses recognised on balance sheet

This is the total value of unrealised gains or losses that have been recognised on the balance sheet.

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