Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29wa:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29WA (pt 2/2)
Character Range: 258964–259721

which contributions and accumulated earnings may not be reduced by negative investment returns or any reduction in the value of assets in which the policy is invested;
 (b) a life policy under which the benefit to the person (or a relative or dependant of the person) is based only on the realisation of a risk, not the performance of an investment;
 (c) an investment account contract the only beneficiaries of which are the person, and relatives and dependants of the person;
 (d) an investment option under which the investment is held as cash;
subsection (2) does not apply to the extent that a contribution to the fund for the benefit of the person is invested in the life policy, under the investment account contract or in the cash investment option.