Commonwealth Consolidated Regulations Commonwealth Consolidated RegulationsFor the purposes of paragraph 43 (3) (d) of the Act, an investment of assets of a statutory fund of a life company in a subsidiary of that life company is prohibited if:
(a) the assets of the company that are invested in that subsidiary exceed twice the sum of:
(i) if the company is not an eligible foreign life insurance company:
(A) the assets of the statutory fund that are invested in the subsidiary; and
(B) the assets of any other statutory funds of the company that are invested in the subsidiary; or
(ii) if the company is an eligible foreign life insurance company:
(A) the assets of the statutory fund that are invested in the subsidiary; and
(B) the assets of any other fund, approved by APRA, invested in the subsidiary; or
(b) the assets of the statutory fund that are invested in that subsidiary are re‑invested, whether directly or indirectly, through 1 or more interposed bodies corporate, trusts or partnerships, with a company that is related to the company (other than as a subsidiary).