Life Insurance Regulations (Amendment) (Cth)

Statutory Rules

1974 No. 68

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-seventh day of April, 1974.

PAUL HASLUCK

Governor-General.

By His Excellency’s Command,

FRANK CREAN

Treasurer.

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Amendments of the Life Insurance Regulations 

Interest on overdue premiums on ordinary policies.

1. Regulation 11 of the Life Insurance Regulations is amended—

(a) by omitting the word “ eight ” and substituting the figures “ 9.5 ”; and

(b) by omitting the word “sixpence” and substituting the figure and word “ 5 cents ”.

Application.

2. The amendment made by Regulation 1 (a) 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 7 May 1974.

  Statutory Rules 1946, No. 136, as amended by Statutory Rules 1959, No, 98; 1962, Nos. 3 and 12; 1966, No. 36; 1969, No. 51; and 1971, No. 100.