Document ID: chunk:federal_register_of_legislation:C2025C00135:schedule:1:p6
Version: federal_register_of_legislation:C2025C00135
Segment Type: schedule
Provision Reference: sch 1 (pt 6/6)
Character Range: 510938–512328

meaning given by section 61.
subsidiary has the meaning given by section 16.
superannuation business means life business that consists of:
 (a) the issuing of superannuation policies or the undertaking of liability under superannuation policies; or
 (b) any business that relates to business referred to in paragraph (a).
superannuation policy means:
 (a) a life policy that is maintained for the purposes of a superannuation or retirement scheme and is owned by the trustee under the scheme; or
 (aa) a life policy that is owned by the trustee of:
 (i) an approved deposit fund (within the meaning of the Superannuation Industry (Supervision) Act 1993); or
 (ii) a pooled superannuation trust (within the meaning of that Act); or
 (ab) an RSA (within the meaning of the Retirement Savings Accounts Act 1997); or
 (b) a life policy of a kind prescribed by the regulations for the purposes of this paragraph.
this Act includes:
 (a) the regulations and prudential standards; and
 (b) the Life Insurance Act 1995, and the instruments made under that Act referred to in paragraph (a), as they have effect because of Part 2A of that Act.
trade union means an association registered under a law of a State or Territory providing for the registration of trade unions.
value, in relation to an asset, means the market value of the asset less the costs likely to be incurred in realising the asset.