Document ID: chunk:federal_register_of_legislation:C2025C00135:section:12b:p2
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 12B (pt 2/2)
Character Range: 44138–45288

respect of which the declaration is sought; or
 (ii) that business and other business that will be, or is likely to be declared to be, life insurance business.
 (5) In deciding whether to make the declaration, APRA may also have regard to the following matters:
 (a) whether the business in respect of which the declaration is sought is similar in nature to other life insurance business;
 (b) whether it would be appropriate for the business to be regulated under this Act;
 (c) whether it would be more appropriate for the business to be regulated under some other law (for example, Chapter 5C of the Corporations Act 2001);
 (d) the tax treatment of benefits provided in the course of the business;
 (e) if the company is not registered under section 21—whether the company would be able to be registered under section 21;
 (f) any other matter that APRA considers is relevant.
 (6) The declaration must also state the class of life insurance business in which the business is to be treated as being included.
 (7) If APRA makes a declaration:
 (a) this Act has effect accordingly; and
 (b) APRA must give a copy of the declaration to the company.