Document ID: chunk:federal_register_of_legislation:F2017L00636:body:0:p11
Version: federal_register_of_legislation:F2017L00636
Segment Type: other
Provision Reference: 
Character Range: 25189–26417

to "0.6" were a reference to "0.8"; and
              (d)  where the product is issued between 1 January 2019 and 31 December 2019—the amount determined by subsection 5(2) as if the reference to "0.6" were a reference to "0.7".
           (2) Despite subsection 5(4), for the purposes of subsection 963BA(2) of the Act, an acceptable benefit ratio for a benefit given to a financial services licensee, or a representative of a financial services licensee, in relation to a life risk insurance product:
              (a) for the year in which the product is issued or for a year during which the product is continued; and
              (b)  because of a client initiated increase which occurs:
                  (i) in that year; and
                  (ii) between 1 January 2018 and 31 December 2019;
           is:
              (c) for a client initiated increase which occurs between 1 January 2018 and 31 December 2018—the amount determined by subsection 5(4) as if the reference to "0.6" were a reference to "0.8"; and
              (d)  for a client initiated increase which occurs between 1 January 2019 and 31 December 2019—the amount determined by subsection 5(4) as if the reference to "0.6" were a reference to "0.7".