Document ID: chunk:federal_register_of_legislation:C2004A04861:front:0:p3
Version: federal_register_of_legislation:C2004A04861
Segment Type: other
Provision Reference: 
Character Range: 4768–7740

legal title to that policy assigned to him", substitute "the person was the owner of that policy, or was entitled to have the rights of the owner of that policy assigned to him or her".

11. Subsection 82ZH(1):

Omit "he" (wherever occurring), substitute "the person".

12. Paragraph 82ZH(1)(b):

    (a) Omit "him" (first occuring), substitute "the person".

    (b) Omit all the words from and including "by reason of his having" to and including "assigned to him", substitute "because the person was the owner of a life policy or policies of a kind referred to in that subsection, or because the person was entitled to have the rights of the owner of such a policy or policies assigned to him or her".

SCHEDULE—continued

Financial Corporations Act 1974

13. Paragraph 8(2)(f):

Omit "Life Insurance Act 1945-1973", substitute "Life Insurance Act 1995".

Income Tax Assessment Act 1936

14. Subsection 6(1) (definition of "SGIO"):

Omit the definition, substitute:

" 'SGIO' means a public authority that:

    (a) is constituted by a law of a State or Territory; and

    (b) carries on life insurance business within the meaning of section 11 of the Life Insurance Act 1995;".

15. Subsection 110(1) (definition of "Australian statutory fund"):

Omit "Life Insurance Act 1945-1959", substitute "Life Insurance Act 1995".

16. Subsection 110(1) (paragraph (a) of the definition of "authorised actuary"):

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

17. Subsection 110(1) (definition of "ordinary life assurance company"):

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

18. Paragraph 402(2A)(d):

Omit "Division 3 of Part III of the Life Insurance Act 1945", substitute "Part 4 of the Life Insurance Act 1995".

19. Section 470 (definition of "life insurance business"):

Omit the definition, substitute:

" 'life insurance business' has the same meaning as in section 11 of the Life Insurance Act 1995;".

20. Subsections 482(1) and (2):

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

21. Paragraph 507(11)(b):

Omit "Division 3 of Part III of the Life Insurance Act 1945", substitute "Part 4 of the Life Insurance Act 1995".

SCHEDULE—continued

Insurance Acquisitions and Takeovers Act 1991

22. Section 4 (paragraph (b) of the definition of "accounting period"):

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

23. Section 4 (paragraph (b) of the definition of "Australian-registered insurance company"):

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

24. Section 4 (subparagraph (a)(ii) of the definition of "book value"):

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