PET - Plain English Taxonomy

Label:	Financial Risk Adequate Capital Indicator
TREF ID:	DE8338
Data Type:	xbrli:booleanItemType
Period Type:	instant
Business Description & Guidance:	Is the entity in which the reporting party has invested adequately capitalised on a stand alone basis as at the relevant date?A choice of TRUE/FALSE valuesTRUE = the entity in which the reporting party has invested is adequately capitalised on a stand alone basisFALSE = the entity in which the reporting party has invested is not adequately capitalised on a stand alone basis

Usage

Form	Labels
GRF_450_0_G	Label: Guidance:	Adequate Capital Indicator APRA may, under paragraph 59 of Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Groups (GPS 111), require a Level 2 insurance group to deduct from capital an amount to cover the undercapitalisation of a non-consolidated subsidiary of the group. Consequently, Level 2 insurance groups are required to undertake an assessment of the capital levels of non-consolidated subsidiaries. Details of any assessment undertaken must be included in the Level 2 insurance group's business plan.

Form

Labels

GRF_450_0_G

Label:

Guidance:

Adequate Capital Indicator
APRA may, under paragraph 59 of Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Groups (GPS 111), require a Level 2 insurance group to deduct from capital an amount to cover the undercapitalisation of a non-consolidated subsidiary of the group. Consequently, Level 2 insurance groups are required to undertake an assessment of the capital levels of non-consolidated subsidiaries. Details of any assessment undertaken must be included in the Level 2 insurance group's business plan.