Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:9_20
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 9 cl 20
Character Range: 359988–360740

20  Subsection 995‑1(1)
Insert:

exempt life insurance policy means a *life insurance policy:
 (a) that is held by the trustee of a *complying superannuation fund and is a segregated current pension asset (within the meaning of Part IX of the Income Tax Assessment Act 1936); or
 (b) that is held by the trustee of a *PST and is a *segregated exempt superannuation asset (within the meaning of Part IX of that Act); or
 (c) that is held by the trustee of a *constitutionally protected fund; or
 (d) that provides for an *immediate annuity; or
 (e) that:
 (i) is held by a *life insurance company other than the life insurance company that issued the policy; and
 (ii) is a *segregated exempt asset of the life insurance company that holds the policy.