Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:7_64
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 7 cl 64
Character Range: 237536–238112

64  Subsection 110(1) (definition of ordinary life assurance company)
Omit all the words after "which is life assurance", substitute:
and:
 (a) includes a company that is registered under the Life Insurance Act 1995 and is carrying on life assurance business; but
 (b) does not include (despite paragraph (a)), a company that is:
 (i) an SGIO; or
 (ii) a registered organization (within the meaning of Division 8A).

Note: So a friendly society that is registered under the Life Insurance Act 1995 that is a registered organization is not an ordinary life assurance company.