Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:8_26
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 8 cl 26
Character Range: 123424–123958

26  Before subsection 320‑250(1)
Insert:
 (1A) If:
 (a) a *life insurance policy issued by a *life insurance company becomes a policy referred to in subsection 320‑190(1); and
 (b) immediately before the policy became a policy referred to in subsection 320‑190(1), the policy was an *exempt life insurance policy;
the company can transfer from its *segregated exempt assets, to a *complying superannuation asset pool, assets of any kind whose total *transfer value does not exceed the company's liabilities in respect of the policy.