Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:9_72
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 9 cl 72
Character Range: 371087–371837

72  Subsection 995‑1(1)
Insert:

virtual PST life insurance policy means a *life insurance policy that:
 (a) is held by:
 (i) the trustee of a fund that is a *complying superannuation fund or a *complying approved deposit fund; or
 (ii) the trustee of a *pooled superannuation trust; or
 (b) is held by an individual and:
 (i) provides for a *deferred annuity that was purchased out of an *eligible termination payment; or
 (ii) is so held in the benefit fund of a *friendly society, being a fund that is a regulated superannuation fund under the Superannuation Industry (Supervision) Act 1993; or
 (c) is held by another life insurance company and is a *virtual PST asset of that company;
and is not an *excluded virtual PST life insurance policy.