Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) A notice under paragraph 33 (1) (d) of the Act of the establishment of a statutory fund must contain particulars of:
(a) the classes of life insurance business to be carried on by the company within the fund; and
(b) the categories of life insurance business to be carried on by the company within each of those classes; and
(c) the kinds of policies to be written by the company within those categories; and
(d) proposed financing arrangements for the writing of new life insurance business to which the fund relates; and
(e) projections of the life insurance business to which the fund relates for whichever is greater of the following periods:
(i) the period of the financing arrangements for that business; or
(ii) 10 years; and
(f) a statement of the accuracy of the particulars referred to in paragraph (e) by the appointed actuary of the company.
(2) For the purposes of subsection 33 (2) of the Act, the notice must be given in writing within 14 days after establishment of the fund.
(3) This regulation does not apply to a life company that is a friendly society.