Document ID: chunk:federal_register_of_legislation:C2011C00610:clause:5_12
Version: federal_register_of_legislation:C2011C00610
Segment Type: clause
Provision Reference: sch 5 cl 12
Character Range: 224321–224826

12  Subsection 995‑1(1) (definition of contract of reinsurance)
Repeal the definition, substitute:

contract of reinsurance, in respect of *life insurance policies, does not include a contract of reinsurance in respect of:
 (a) the parts of *complying superannuation/FHSA life insurance policies in respect of which the liabilities of the company that issued the policies are to be discharged out of a *complying superannuation/FHSA asset pool; or
 (b) policies that are *exempt life insurance policies.