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Home/Legislation/Insurance (prudential standard) determination No. 9 of 2012 - Prudential Standard GPS 120 - Assets in Australia/Intangibles and certain other assets

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Insurance (prudential standard) determination No. 9 of 2012 - Prudential Standard GPS 120 - Assets in Australia

Intangibles and certain other assetsIntangibles and certain other assets

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Turn the raw legal text into a practical explanation grounded in Insurance (prudential standard) determination No. 9 of 2012 - Prudential Standard GPS 120 - Assets in Australia.

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Intangibles and certain other assets

Assets that must be deducted from a locally incorporated insurer’s capital base[5] under Prudential Standard GPS 112 Capital Adequacy: Measurement of Capital (GPS 112) are excluded from being assets in Australia.[6]

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