Document ID: chunk:federal_register_of_legislation:F2024L00195:reg:6
Version: federal_register_of_legislation:F2024L00195
Segment Type: reg
Provision Reference: reg 6
Character Range: 3553–4771

6  Eligible foreign life insurance company
 (1) For the purposes of paragraph 16ZD(1)(e) of the Act, the following condition is specified: the condition that:
 (a) the body corporate:
 (i) is authorised to carry on life insurance business in China; and
 (ii) is incorporated in China; or
 (b) the body corporate:
 (i) is authorised to carry on life insurance business in Japan; and
 (ii) is incorporated in Japan; or
 (c) the body corporate:
 (i) is authorised to carry on life insurance business in New Zealand; and
 (ii) is incorporated in New Zealand; or
 (d) the body corporate:
 (i) is authorised to carry on life insurance business in the Republic of Korea; and
 (ii) is incorporated in the Republic of Korea; or
 (e) the body corporate:
 (i) is authorised to carry on life insurance business in the United States of America; and
 (ii) is incorporated in the United States of America.
 (2) In paragraph (1)(a) of this section, a reference to China does not include a reference to the following members of the World Trade Organization:
 (a) Hong Kong, China;
 (b) Macao, China;
 (c) Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu.

Part 9—Transfers and amalgamations of life insurance business