Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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Where to start with an Australian legal problem: plain-English guides, with the legislation and case law behind them.

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Subdivision Materiality - Insurance (prudential standard) determination No. 12 of 2019 - Materiality | Zoe

CTHRepealedLegislation

Insurance (prudential standard) determination No. 12 of 2019

MaterialityMateriality

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A regulated institution must take into account materiality when calculating its capital base and prescribed capital amount. Particular values or components are considered material to the overall result of a calculation if misstating or omitting them would produce results likely to be misleading to the users of the information.

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