Commonwealth Numbered Acts

LIFE INSURANCE AMENDMENT ACT 1978 No. 177 of 1978 - SECT 6

6. (1) The person who, immediately before the date of commencement of this
Act, held office as the Life Insurance Commissioner under section 9 of the
Principal Act shall be deemed, for the purposes of that Act as amended by this
Act, to have been appointed under section 9 of the Principal Act as so amended
to hold that office for a period commencing on that date and ending at the
expiration of the period of 7 years that commenced on the day on which he
commenced to hold that office under section 9 of the Principal Act.

(2) Subject to any determinations or regulations made for the purposes of
section 9B of the Principal Act as amended by this Act, the person referred to
in sub-section (1) shall be paid remuneration and allowances in respect of the
office of Life Insurance Commissioner at the rates at which remuneration and
allowances were respectively payable to him in respect of that office
immediately before the commencement of this Act.
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