Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:3_62
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 3 cl 62
Character Range: 118089–118719

62  Saving—appointment as an auditor of a life company
(1) This item applies if:
 (a) a person was appointed as the auditor of a life company under subsection 83(1) of the Life Insurance Act 1995 before the commencement of this item; and
 (b) the appointment had not ended immediately before the commencement.
(2) After the commencement of this item, the appointment has effect as if the appointment had been made under subsection 83(1) of the Life Insurance Act 1995 as in force after the commencement.
(3) To avoid doubt, the person is the principal auditor of the life company for the purposes of the Life Insurance Act 1995.