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Main features of Regulatory Capital instruments The regulatory capital instruments of Holiday Coast Credit Union Ltd (the Credit union) comprise of the following: Retained profits; Redeemed share capital account; Asset revaluation reserve; General reserve for credit losses; and Member investment securities (MIS). Retained profits Represents the accumulated net earnings of the Credit Union less any dividends paid on MIS. Retained profits are primarily used by the Credit Union to be reinvested in its primary activities. Redeemed share capital account Under the Corporations Act 2001, member shares are legally redeemable preference shares. As such, when redeemed, a transfer is made from retained profits for the share value redeemed. Asset revaluation reserve The asset revaluation reserve of the Credit Union records revaluations of non-current assets such as land and buildings. General reserve for credit losses The general reserve for credit losses records the balance of the general provision for impairment. Member investment securities (MIS) MIS are fully paid irredeemable non-cumulative preference shares at $1 each. Further information on MIS are provided in the following table. Member investment securities (MIS) Item Number 1 2 17 18 Item Details Issuer Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement) Governing law(s) of the instrument Regulatory treatment Transitional Basel III rules Post-transitional Basel III rules Eligible at solo/group/group & solo Instrument type (ordinary shares/preference shares/subordinated notes/other) Amount recognised in Regulatory Capital (Currency in mil, as of most recent reporting date) Par value of instrument Accounting classification Original date of issuance Perpetual or dated Original maturity date Issuer call subject to prior supervisory approval Optional call date, contingent call dates and redemption amount Subsequent call dates, if applicable Coupons/dividends Fixed or floating dividend/coupon Coupon rate and any related index 19 20 21 22 23 24 25 26 Existence of a dividend stopper Fully discretionary, partially discretionary or mandatory Existence of step up or other incentive to redeem Noncumulative or cumulative Convertible or non-convertible If convertible, conversion trigger (s) If convertible, fully or partially If convertible, conversion rate 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Holiday Coast Credit Union Ltd Not Applicable Corporations Law Additional Tier 1 Pending APRA review Solo irredeemable non-cumulative preference shares $3.434 $1.00 per member investment security Shareholders' equity 29th June 2001 Perpetual Not Applicable No Not Applicable Not Applicable Floating Average 180 day Bill Rate (BBSW rate) for six months preceding each dividend plus a maximum margin of 2% No Fully discretionary No Noncumulative Non-convertible Not Applicable Not Applicable Not Applicable Member investment securities (MIS) Item Number 27 28 29 30 31 32 33 34 35 36 37 Item Details If convertible, mandatory or optional conversion If convertible, specify instrument type convertible into If convertible, specify issuer of instrument it converts into Write-down feature If write-down, write-down trigger(s) If write-down, full or partial If write-down, permanent or temporary If temporary write-down, description of write-up mechanism Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument) Not Applicable Not Applicable Not Applicable No Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Non-compliant transitioned features If yes, specify non-compliant features Not Applicable Not Applicable