Life Insurance Regulations (Amendment) (Cth)

Statutory Rules

1974 No. 224

REGULATIONS UNDER THE LIFE INSURANCE ACT 1945-1973.*

I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulations under the Life Insurance Act 1945-1973.

Dated this twenty-sixth day of November, 1974.

JOHN R. KERR

Governor-General.

By His Excellency’s Command,

FRANK CREAN

Treasurer.

_______

Amendment of the Life Insurance Regulations 

Interest on overdue premiums on ordinary policies.

1. Regulation 11 of the Life Insurance Regulations is amended by omitting the figures “9.5” and substituting the figures “10.5”.

Application.

2.The amendment made by regulation 1 does not apply in relation to the charging of compound interest in respect of any period before the date of commencement of these Regulations.

 

* Notified in the Australian Government Gazette on 27 November 1974.

  Statutory Rules 1946, No. 136, as amended by Statutory Rules 1959, No. 98; 1962, Nos. 3 and 12;1966, No. 36; 1969, No. 31; 1971, No. 100; and 1974, No. 68.