Document ID: chunk:federal_register_of_legislation:C2025C00115:section:78
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 78
Character Range: 75658–76612

78  Company's financial statements to be prima facie evidence of total net liabilities in respect of its contracts of life insurance
 (1) This section applies if:
 (a) a company registered under section 21 of the Life Insurance Act 1995 had, under the Financial Sector (Collection of Data) Act 2001, given to APRA copies of financial statements for, or as at the end of, a particular accounting period; and
 (b) an amount is shown in those statements as the total net liabilities in respect of all of the company's contracts of life insurance as at the end of the accounting period.
 (2) For the purposes of this Act, the financial statements are prima facie evidence of the total net liabilities in respect of all of the company's contracts of life insurance as at the end of the accounting period.
 (3) APRA may certify that a document is a copy of the financial statements.
 (4) This section applies to the certified copy as if it were the original.