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Financial Sector (Collection of Data) (reporting standard) determination No. 71 of 2023
PP
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P
| PL capital factor % | This is the premiums liability risk capital factor applicable to each class of business as per GPS 115. |
|---|---|
| PL Insurance Risk Charge | This is the component of the Insurance Risk Charge which relates to the risk that the value of the net PL is greater than the value determined in accordance with GPS 340.The PL Insurance Risk Charge is calculated for each combination of business type and class of business by multiplying:net PL – total; andPL capital factor %.Apply a zero risk charge where net PL – total is negative. |
| Policy administration expenses | This item is the present value of PAE associated with the GPS 340 PL. |