Document ID: chunk:federal_register_of_legislation:C2018A00010:clause:3_27
Version: federal_register_of_legislation:C2018A00010
Segment Type: clause
Provision Reference: sch 3 cl 27
Character Range: 267595–268155

27  At the end of section 159
Add:
 (2) For the purposes of subparagraph (1)(a)(iiia), the requirement in this subsection is that the appointment mentioned in that subparagraph poses a significant threat to:
 (a) the operation or soundness of the life company; or
 (b) the interests of owners of policies issued by the life company; or
 (c) the stability of the financial system in Australia.
 (3) The regulations may specify that a particular form of support for a company is not to be considered external support for the purposes of subparagraph (1)(a)(i).