This Prudential Standard sets out the characteristics that an instrument must have to qualify for inclusion in the capital base of a general insurer or Level 2 insurance group and the various regulatory adjustments to be made to determine the capital base. The ultimate responsibility for ensuring that the capital base of a general insurer or a Level 2 insurance group meets the requirements of this Prudential Standard rests with its Board of directors.

This Reporting Standard sets out the requirements for the provision of information to APRA relating to the determination of a general insurer’s capital base. It includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide, Prudential Standard GPS 110 Capital Adequacy (GPS 110) and Prudential Standard GPS 112 Capital Adequacy: Measurement of Capital (GPS 112).

Level 1: This Reporting Standard sets out the requirements for the provision of information to APRA relating to a general insurer’s related party exposures. It includes Form GRF 112.3 Related Party Exposures and associated specific instructions and must be read in conjunction with the general instruction guide.

This Reporting Standard sets out the requirements for the provision of information to APRA relating to the determination of a Level 2 insurance group’s capital base. It includes associated specific instructions and must be read in conjunction with Reporting Standard GRS 001 Reporting Requirements (GRS 001), including the general instruction guide Prudential Standard GPS 112 Capital Adequacy: Measurement of Capital (GPS 112).

Level 2: This Reporting Standard sets out the requirements for the provision of information to APRA relating to a Level 2 insurance group’s related party exposures. It includes Form GRF 112.3_G Related Party Exposures (G) and associated specific instructions and must be read in conjunction with the general instruction guide.