2. Investment Property:2. Investment Property:

2. Investment Property:

Property acquired or held which is available for sale, excluding owner-occupied property. Report the value after deducting accumulated depreciation.

Investment property should be consistent with the classification and measurement basis used in AASB140 Investment Property.

2.2 Held directly – outside Australia

This differentiation refers to the territory where the asset is held, as opposed to the territory where the life insurance business is carried on (see Column headings).

2.4 Look-through adjustment for assets held indirectly via unit trusts or by owner

Include look-through adjustment for Investment Property held indirectly via Listed Unit Trusts, Unlisted Unit Trusts or Controlled Unit Trusts, or for owner-occupied property initially entered as part of Item 11.

2.5 Sub-total investment property held effectively (unhedged positions) [derived item]

This represents the effective holding in Property after adjustment for look-through of trusts/owner-occupied and prior to adjustment for hedging.

2.6 Hedging adjustment to or from investment property

The hedging adjustment item is intended to translate the aggregate Investment Property balance to the effective post-derivatives position.

2.7 Total investment property held effectively (hedged positions) [derived item]

This represents the effective exposure to Property after adjustment for look-through of trusts/owner-occupied and also after adjustment for hedging.

This is calculated automatically by derivations contained within the forms.