Document ID: chunk:federal_register_of_legislation:F2023L00735:body:0:p18
Version: federal_register_of_legislation:F2023L00735
Segment Type: other
Provision Reference: 
Character Range: 45076–46157

Appointed Actuary on the proposed restructure, including:
(a)          statement setting out the basis on which the nature and value of the assets to be transferred is to be determined;
(b)          statement as to whether the assets to be transferred are appropriate to the liabilities to be transferred;
(c)          statement as to whether the restructure will result in unfairness to the owners of the policies referable to any of the funds involved in the restructure; and
(d)          statement as to whether, immediately after the restructure, a transferring fund and receiving fund will satisfy the requirements of LPS 110 and LPS 112.

[1]  Refer to subsection 3(3) of the Act.
[2]  To avoid doubt, in this standard 'charges' includes fees.
    [3]  For the purpose of this Prudential Standard, the term 'AASB 17 liability restatement' means the policy liability on the adjustment date, had the 1 July 2023 version of Prudential Standard LPS 340 Valuation of Policy Liabilities (LPS 340) applied, less the policy liability of 1 January 2013 LPS 340 at the adjustment date.