Life Insurance Regulations (Amendment) (Cth)

Statutory Rules 1984 No. 2481

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Life Insurance Regulations2 (Amendment)

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

Dated 14 September 1984.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

C. J. HURFORD

Minister of State for Housing and Construction

for and on behalf of the

Treasurer

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After regulation 28a of the Life Insurance Regulations the following regulation is inserted:

Alterations of Fourth Schedule to Act

“28b. The provisions of the Fourth Schedule to the Act are altered—

(a) by omitting paragraphs (1) (c) and (d) and substituting the following paragraphs:

‘(c) if the policy is effected upon the life of a male person—the ultimate table of mortality for male lives included in the tables published by the Institute of Actuaries and the Faculty of Actuaries under the title “a (90) TABLES FOR ANNUITANTS”;

(d) if the policy is effected upon the life of a female person—the ultimate table of mortality for female lives included in the tables published by the Institute of Actuaries and the Faculty of Actuaries under the title “a (90) TABLES FOR ANNUITANTS”; or’;

 

(b) by omitting from paragraph (2) (a) ‘7 per centum’ and substituting ‘12 per centum’; and

(c) by omitting from paragraph (2a) (a) ‘5.5 per centum’ and substituting ‘8 per centum’.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 21 September 1984.

2. Statutory Rules 1946 No. 136 as amended by 1959 No. 98; 1962 Nos. 3 and 12; 1966 No. 36; 1969 No. 51; 1971 No. 100; 1974 Nos. 68 and 224; 1978 No. 31; 1980 No. 54; 1981 No. 262; 1983 No. 240.