LIFE INSURANCE REGULATIONS (AMENDMENT) 1996 NO. 89 

LIFE INSURANCE REGULATIONS (AMENDMENT) 1996 NO. 89 
- TABLE OF PROVISIONS

1.   1. Amendment  
2.  Schedule 2 (Modification of Division 4 of Part 10 of the Act (Surrender values, paid-up policies and non-forfeiture of policies))  


1996 No. 89 LIFE INSURANCE REGULATIONS (AMENDMENT)
- REG 1
  1. Amendment


  1.1 The Life Insurance Regulations are amended as set out in these
Regulations.
(NOTE: These Regulations commence on gazettal: see Acts Interpretation Act
1901, s. 48.)


1996 No. 89 LIFE INSURANCE REGULATIONS (AMENDMENT)
- REG 2
2. Schedule 2 (Modification of Division 4 of Part 10 of the Act (Surrender
values, paid-up policies and non-forfeiture of policies))


  2.1 Add at the end:
  "8   Industrial  A policy that, immediately before the commencement
                   of the Act, was an industrial policy within the
                   meaning of subsection 4 (1) of the Life Insurance
                   Act 1945 and that is treated as ordinary business
                   under the Act.
                          8.1  In spite of section 210 of the Act,
                               section 101 of the Life Insurance Act
                               1945, as in force immediately before
                               the commencement of the Act, continues
                               to apply to policies to which that
                               section applied at that time.".


- NOTES


1996 No. 89*1* LIFE INSURANCE REGULATIONS*2* (AMENDMENT)

- Dated 29 May 1996


*1* Notified in the Commonwealth of Australia Gazette on  5 June 1996.
*2* Statutory Rules 1995 No. 141 as amended by 1995 Nos. 317 and 431.