Document ID: chunk:federal_register_of_legislation:C2004A00616:clause:12_8
Version: federal_register_of_legislation:C2004A00616
Segment Type: clause
Provision Reference: sch 12 cl 8
Character Range: 38202–38873

8  Treatment of assignments under section 16ZA

(1) If an assignment of an interest in a benefit fund of a friendly society was made:
 (a) before the day on which this Act receives the Royal Assent; and
 (b) in accordance with section 16ZA of the Life Insurance Act 1995, as then in force, disregarding the effect of item 1 of Schedule 6 to this Act;
the assignment is taken to have been made in accordance with section 16ZA of the Life Insurance Act 1995 as amended by that item.

(2) Expressions used in this item have the same meanings as they have in the Life Insurance Act 1995.

Part 4—Transitional provisions relating to amendments of the Reserve Bank Act 1959