Document ID: chunk:federal_register_of_legislation:C2004C01110:clause:4_12b:p2
Version: federal_register_of_legislation:C2004C01110
Segment Type: clause
Provision Reference: sch 4 cl 12B (pt 2/2)
Character Range: 143071–144204

which the declaration is sought; or
 (ii) that business and other business that will be, or is likely to be declared to be, life insurance business.

 (5) In deciding whether to make the declaration, APRA may also have regard to the following matters:
 (a) whether the business in respect of which the declaration is sought is similar in nature to other life insurance business;
 (b) whether it would be appropriate for the business to be regulated under this Act;
 (c) whether it would be more appropriate for the business to be regulated under some other law (for example, Chapter 5C of the Corporations Law);
 (d) the tax treatment of benefits provided in the course of the business;
 (e) if the company is not registered under this Act—whether the company would be able to be registered under this Act;
 (f) any other matter that APRA considers is relevant.

 (6) The declaration must also state the class of life insurance business in which the business is to be treated as being included.

 (7) If APRA makes a declaration:
 (a) this Act has effect accordingly; and
 (b) APRA must give a copy of the declaration to the company.