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Life Insurance (prudential standard) determination No. 7 of 2023
No longer in force
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Administered by
Department of the Treasury
This item is authorised by the following title:
Life Insurance Act 1995
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F2023L00683
02 June 2023
-
30 September 2024
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Authority
Application and commencement
Adjustments and exclusions
Previous exercise of discretion
Interpretation
Definitions
Capital base of a life company
Common Equity Tier 1 Capital
Additional Tier 1 Capital
Tier 2 Capital
Additional Tier 1 or Tier 2 Capital issued overseas by the life company
Intra-group capital transactions
Holding of capital instruments in group members by other group members
Capital base of a statutory fund
Collapse
Capital base of a general fund
Attachment SEQ Attach \* ALPHABETIC \* MERGEFORMAT A - Criteria for classification as paid-up ordinary shares
Attachment SEQ Attach \* ALPHABETIC \* MERGEFORMAT B - Regulatory adjustments
Attachment C - Criteria for inclusion in Additional Tier 1 Capital
Attachment D - Criteria for inclusion in Tier 2 Capital
Attachment E - Loss absorption at the point of non-viability: Additional Tier 1 and Tier 2 Capital instruments
Attachment F - Definition of Adjusted Policy Liabilities
Attachment G - Mutual Equity Interests
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