Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 77 of 2023 - Specific instructions | Zoe

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Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 77 of 2023 - Specific instructions | Zoe

Specific instructions

Reporting basis

Report items relating to the Operational Risk Charge

Report all items gross of any associated outwards reinsurance expense.

Units of measurement

This values in this table must be completed in whole Australian dollars.

Table 1: Operational Risk Charge

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

Operational Risk Charge for inwards reinsurance business (ORCI)

Item 1	The ORCI is a derived item and is calculated using the formula in accordance with GPS 118.
Item 1.1	Report the ORCI - GWP for the 12 months ending on the reporting date.
Item 1.2	Report the ORCI - GWP for the 12 months ending on the date 12 months prior to the reporting date.
Item 1.3	Report the ORCI - central estimate of net insurance liabilities.

Operational Risk Charge for business that is not inwards reinsurance (ORCNI)

Item 2	The ORCNI is a derived item and is calculated using the formula in accordance with GPS 118.
Item 2.1	Report the ORCNI - GWP for the 12 months ending on the reporting date.
Item 2.2	Report the ORCNI - GWP for the 12 months ending on the date 12 months prior to the reporting date.
Item 2.3	Report the ORCNI - central estimate of net insurance liabilities.