This is the value, as at the relevant date, of Innovative Tier 1 capital. This item is reported for capital adequacy purposes and is to be determined in accordance with relevant Prudential Standards.Innovative Tier 1 capital is limited to 15 per cent of net Tier 1 capital, except for entities that are subject to APRA-approved transition arrangements. Any excess amount is counted as Upper Tier 2 capital.This item to be reported gross of any applicable capital adequacy deductions.