Life Insurance Regulations (Amendment) (Cth)

Statutory Rules

1980No. 54

REGULATIONS UNDER THE LIFE INSURANCE ACT 19451

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 this eleventh day of March 1980.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

IAN MACPHEE

Minister of State for Immigration and Ethnic Affairs

for and on behalf of the Treasurer

 

Amendments of the Life Insurance Regulations2

Parts

 1. Regulation 2 of the Life Insurance Regulations is amended by omitting “Part II. — Deposits (Regulations 4-7).”.

Repeal of Part II

 2. Part II of the Life Insurance Regulations is repealed.

Time for making returns

3. Regulation 19 of the Life Insurance Regulations is amended by omitting from sub‑regulation (1) “six” and substituting “five”.

Repeal of regulation 26

 4. Regulation 26 of the Life Insurance Regulations is repealed.

Amendment of First Schedule

 5. The First Schedule to the Life Insurance Regulations is amended by omitting Form 1.

Transitional

 6. Notwithstanding the amendment of regulation 19 of the Life Insurance Regulations effected by regulation 3, sub-regulation 19 (1) of those Regulations as in force immediately before the commencement of these Regulations continues to apply to a company in respect of a return that relates to a financial year that has expired before the commencement of these Regulations.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 20 March 1980.

2. Statutory Rules 1946 No. 136 as amended by Statutory Rules 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.