Document ID: chunk:federal_register_of_legislation:C2025C00135:section:60:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 60 (pt 2/2)
Character Range: 161118–162145

an allocation would not be inconsistent with the constitution of the company, may be allocated in reduction of overseas policy owners' retained profits of the statutory fund;
 (d) if the constitution of the company requires any part of a loss of a category representing overseas participating business to be allocated in reduction of overseas policy owners' retained profits, no more than that part of the loss may be allocated in reduction of overseas policy owners' retained profits of the statutory fund under paragraph (c);
 (e) any part of a loss of a category representing overseas participating business and not allocated under paragraph (c) must be allocated in reduction of shareholders' retained profits (overseas and non‑participating) of the statutory fund;
 (f) a loss of a category representing non‑participating business must be allocated in reduction of shareholders' retained profits (overseas and non‑participating) of the statutory fund.

Division 6—Distribution of retained profits and shareholders' capital