Document ID: chunk:federal_register_of_legislation:C2004A04861:front:0:p8
Version: federal_register_of_legislation:C2004A04861
Segment Type: other
Provision Reference: 
Character Range: 17805–20516

and including "by his employer", substitute "the person was the owner of a life policy, or was entitled to have the rights of the owner of a life policy assigned to him or her, being a policy the premiums for which were, while the person was employed in that employment, paid in whole or in part by the person's employer".

67. Subsection 4A(4):

    (a) Omit "he had the legal title to a life policy, or was entitled to have the legal title to a life policy assigned to him", substitute " the person was the owner of a life policy, or was entitled to have the rights of the owner of a life policy assigned to him or her".

    (b) Omit "he had the legal title to that policy, or was entitled to have the legal title to that policy assigned to him", substitute "the person was the owner of that policy, or was entitled to have the rights of the owner of that policy assigned to him or her".

SCHEDULE—continued

68. Subsection 22R(1):

Omit "he" (wherever occurring), substitute "the person".

69. Paragraph 22R(1)(b):

    (a) Omit "him" (first occurring), substitute "the person".

    (b) Omit all the words from and including "by reason of his having" to and including "assigned to him", substitute "because the person was the owner of a life policy or policies of a kind referred to in that subsection, or because the person was entitled to have the rights of the owner of such a policy or policies assigned to him or her".

Pooled Development Funds Act 1992

70. Subsection 4(1) (definition of "life office"):

Omit the definition, substitute:

" 'life office' means:

    (a) a body corporate that is registered under the Life Insurance Act 1995; or

    (b) a public authority:

        (i) that is constituted by a law of a State or internal Territory; and

        (ii) that carries on life insurance business within the meaning of section 11 of the Life Insurance Act 1995;".

Social Security Act 1991

71. Subsection 23(1) (definition of "life insurance policy"):

Omit "within the meaning of the Life Insurance Act 1945", substitute "within the meaning of the Life Insurance Act 1995".

72. Subsection 23(1) (Note at the foot of the definition of "life insurance policy"):

Omit the Note.

Superannuation Act 1922

73. Subsection 119A(1) (definition of "life policy"):

Omit the definition, substitute:

" 'life policy' has the same meaning as in the Life Insurance Act 1945 as in force immediately before the commencement of the Life Insurance Act 1995;".

SCHEDULE—continued

Superannuation Act 1976

74. Subsection 125(1) (definition of "life policy"):

Omit the definition, substitute:

" 'life policy' has the same meaning as in the Life Insurance Act 1995".

75. Subsection 125(1):

Insert: