Effective tax rate

Income tax expense divided by profit before tax

Emergency services levies (ESL)

The expense levied on premiums for insurance policies, which is recoverable from insurance companies by the applicable State Government. Emergency services levies were established to cover corresponding emergency services charges

Equity reserve for credit losses

The equity reserve for credit losses represents the difference between the collective provision for impairment and the estimate of credit losses across the credit cycle, based on guidance provided by APRA