Document ID: chunk:federal_register_of_legislation:C2004A04861:front:0:p4
Version: federal_register_of_legislation:C2004A04861
Segment Type: other
Provision Reference: 
Character Range: 7491–10587

Act 1995".

25. Section 4 (definition of "contract of life insurance"):

Omit the definition, substitute:

" 'contract of life insurance' means a life policy or sinking fund policy, within the meaning of the Life Insurance Act 1995;".

26. Section 4 (definition of "life insurance business"):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

27. Section 4 (paragraph (a) of the definition of "total book net liabilities"):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

28. Section 4 (paragraph (b) of the definition of "value"):

Omit "or section 52 of the Life Insurance Act 1945", substitute or had given the Commissioner financial statements as at the end of that accounting period under section 82 of the Life Insurance Act 1995".

29. Subparagraph 36(c) (ii):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

30. Subsection 75(2):

Omit "or the Life Insurance Act 1945", substitute "or the Life Insurance Act 1995".

31. Subparagraph 77(1)(b)(i):

Omit the subparagraph, substitute:

     "(i) a company registered under the Life Insurance Act 1995 has given the Commissioner financial statements as at the end of a particular accounting period under section 82 of that Act;".

SCHEDULE—continued

32. Subparagraph 77(1)(b)(ii):

Omit "accounts", substitute "statements".

33. Subsections 77(2) and (3):

After "accounts" insert "or statements".

34. Paragraph 78(1)(a):

Omit the paragraph, substitute:

     "(a) a company registered under the Life Insurance Act 1995 has given the Commissioner financial statements as at the end of a particular accounting period under section 82 of that Act; and".

35. Paragraph 78(1)(b) and subsections 78(2) and (3):

Omit "accounts", substitute "statements".

Insurance Act 1973

36. Subsection 3(1) (definition of "life insurance business"):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

37. Paragraphs 30(1)(f) and 31(1)(b):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

Insurance (Agents and Brokers) Act 1984

38. Section 9 (definition of "life insurance business"):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

39. Subsection 38(4):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

40. Section 45:

Omit "section 11 of the Life Insurance Act 1945", substitute "section 231 of the Life Insurance Act 1995".

Insurance and Superannuation Commissioner Act 1987

41. Section 3 (definition of "life insurance business"):

Omit "Life Insurance Act 1945", substitute "Life Insurance Act 1995".

Insurance Contracts Act 1984

42. Subsection 11(1):

Insert:

SCHEDULE—continued

" 'continuous disability insurance policy' means a contract that is a continuous disability policy within the meaning of the Life Insurance Act 1995;

'contract of life insurance' means a contract that constitutes a life policy within the meaning of the Life Insurance Act 1995;".

43. Subsections 11(3) and (5):

Omit the subsections.

44. Subsection 16(2):

Omit the subsection.

45. Division 2 of