Statutory Rules
1981 No. 2621
–––––––
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 Regulations under the Life Insurance Act 1945.
Dated
3 September 1981.
ZELMAN COWEN
Governor-General
By
His Excellency’s Command,
TONY MESSNER
Minister of State for
Veterans’ Affairs for and on behalf of the Treasurer
–––––––––
Interest
on overdue premiums on ordinary policies
1. Regulation 11 of the
Life Insurance Regulations is amended by omitting “10.5” and substituting “14.5”.
Transitional
2. Notwithstanding the
amendment of regulation 11 of the Life Insurance Regulations effected by
regulation 1, regulation 11 of those Regulations as in force immediately before
the commencement of these Regulations continues to apply in relation to the
charging of compound interest in respect of any period before the commencement
of these Regulations.
NOTES
1.
Notified in the Commonwealth of Australia
Gazette on 10 September 1981.
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.