PET - Plain English Taxonomy

LRF_112_0: Determination of Capital Base (SF)
Australian Business Number Institution Name
  Life companies, including friendly societies
Reporting Period Scale Factor  
Quarterly / Annual Thousands
Reporting Consolidation
Statutory fund
Section 1: Statutory fund capital base  
1. LRF 300.1: Net assets as per Life Insurance Act
2. Seed capital transferred from management fund
3. Less: Regulatory adjustments to net assets
3.1. Holdings of life company's own Tier 1 Capital instruments
3.2. Excess of deferred tax assets over deferred tax liabilities
3.3. Fair value gains and losses from changes in own creditworthiness
3.4. Goodwill and other intangible assets
3.5. Surplus in defined benefit superannuation fund
3.6. Deficit in defined benefit superannuation fund
3.7. Reinsurance assets not subjected to an executed and legally binding contract
3.8. Regulatory capital requirement of investments in subsidiary, JV and associate
3.9. Assets under a fixed or floating charge
3.10. Liability adjustments (see Section 2)
3.11. Fair value adjustments
3.12. Adjustments to net assets of the fund due to shortfall in Tier 2 Capital
3.13. Other net asset adjustments
4. Other adjustments to net assets as approved by APRA
5. Tier 2 Capital
5.1. Eligible Tier 2 Capital instruments issued by the fund
5.2. Less: All holdings of own Tier 2 Capital instruments
5.3. Adjustments and exclusions to Tier 2 Capital
5.4. Transitional Tier 2 Capital
6. Capital base
Section 2: Additional information - Capital base
1. Liability adjustments
1.1. Fund TOTAL: Adjusted policy liabilities
1.2. LRF 300.1: Less: Fund TOTAL: Net policy liabilities
1.3. LRF 300.1: Less: Fund TOTAL: Policy owner retained profits
1.4. Additional tax benefits/(liabilities) from adjustments