Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 2

Schedule 1--Non‑operating holding companies of life insurers                   3

Part 1--Main amendments                                                                                            3

Life Insurance Act 1995                                                                                              3

Part 2--Consequential amendments                                                                        31

Australian Prudential Regulation Authority Act 1998                                      31

Authorised Non‑operating Holding Companies Supervisory Levy Imposition Act 1998  31

Corporations Act 2001                                                                                             32

Financial Institutions Supervisory Levies Collection Act 1998                      33

Financial Sector (Business Transfer and Group Restructure) Act 1999        33

Financial Sector (Collection of Data) Act 2001                                                 33

Financial Sector (Shareholdings) Act 1998                                                        33

First Home Saver Accounts Act 2008                                                                    34

Income Tax Assessment Act 1936                                                                            34

Income Tax Assessment Act 1997                                                                            34

Insurance Acquisitions and Takeovers Act 1991                                                34

Insurance Act 1973                                                                                                   35

Life Insurance Supervisory Levy Imposition Act 1998                                       35

Pooled Development Funds Act 1992                                                                   35

Retirement Savings Accounts Act 1997                                                                 35

Social Security Act 1991                                                                                          35

Superannuation Industry (Supervision) Act 1993                                              36

Superannuation (Unclaimed Money and Lost Members) Act 1999                36

Veterans' Entitlements Act 1986                                                                            36

Schedule 2--Injunctions                                                                                                    37

Part 1--Banking Act 1959                                                                                          37

Part 2--Insurance Act 1973                                                                                       38

Part 3--Life Insurance Act 1995                                                                              41

Part 4--Superannuation Industry (Supervision) Act 1993                             44

Part 5--First Home Saver Accounts Act 2008                                                  45

Part 6--Application                                                                                                        46

 

 

 

Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009

No. 75, 2009

 

An Act to amend the law relating to banking, insurance and superannuation, and for related purposes

[Assented to 27 August 2009]

The Parliament of Australia enacts:

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