Commonwealth Numbered Acts

INSURANCE LAWS AMENDMENT ACT 1994 No. 48 of 1994 - SECT 39

39.(1) Subsections 37(2A) and (2B) of the Principal Act as amended by this Act
apply to:

   (a)  money paid to a person as a premium under a contract of insurance or a
        proposed contract of insurance if:

        (i)    the money is paid on or after the day on which section 29 of
               this Act commences; and

        (ii)   the cover provided by the insurer under the contract commences
               on or after that day; and

   (b)  money paid as an instalment of a premium under a contract or a
        proposed contract of insurance if:

        (i)    the money is paid on or after the day on which section 29 of
               this Act commences; and

        (ii)   the first day of the period to which the instalment relates
               occurs on or after that day.

(2) If:

   (a)  money is paid to a person as a premium under a contract of insurance
        or a proposed contract of insurance on or after the day on which
        section 29 of this Act commences; and

   (b)  the cover provided by the insurer under the contract commenced before
        that day; section 37 of the Principal Act as in force immediately
        before that day continues to apply in relation to the money.

(3) If:

   (a)  money is paid to a person as an instalment of a premium under a
        contract of insurance or a proposed contract of insurance on or after
        the day on which section 29 of this Act commences; and

   (b)  the first day of the period to which the instalment relates was a day
        before that day; section 37 of the Principal Act as in force
        immediately before that day continues to apply in relation to the
        money.