Document ID: chunk:federal_register_of_legislation:C2025C00135:section:208
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 208
Character Range: 372075–372626

208  Relaxation of company's obligations to surrender
 (1) A life company may apply to APRA for the suspension or variation of its obligation to make payments under section 207.
 (2) If APRA thinks that such payments would prejudice:
 (a) the financial stability of the company; or
 (b) the interests of the policy owners of the company;
APRA may, in writing, suspend or vary the company's obligation to pay the surrender values for such period as APRA thinks fit.
 (3) A suspension or variation may be subject to such conditions as APRA thinks fit.