Life Insurance Regulations (Amendment) (Cth)

STATUTORY RULES

 

1969 No.

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REGULATION UNDER THE LIFE INSURANCE ACT 1945-1965.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Life Insurance Act 1945-1965.

Dated this eighth day of April, 1969.

CASEY

Governor-General.

By His Excellency’s Command,

 

(SGD) WILLIAM MCMAHON

Treasurer.

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Amendment of the Life Insurance Regulations 

The First Schedule to the Life Insurance Regulations is amended by omitting Forms 4 and 6 and inserting in their stead the following Forms:—

Form 4.

Regulation 14.

Commonwealth of Australia

Life Insurance Act

AUSTRALIAN LIFE INSURANCE STATISTICS

Annual Return of Premiums, Claims, Surrenders, Annuities and Cash Bonuses for Year ended

Name of Company

Class of Life Insurance Business

Part I.

Insurance Premiums and Consideration for Annuities received and outstanding, and Values Allowed on Conversion from Other Classes of Life Insurance Business, for the year ended

Other Premiums	Single Premiums		Consideration for Annuities		Values Allowed on Conversion from Other Classes of Life Insurance Business
	Single Premiums	Other Premiums	Single Premiums	Other Premiums
$	$	$	$	$
New South Wales........................
Victoria.......................................
Queensland.................................
South Australia............................
Western Australia........................
Tasmania.....................................
Australian Capital Territory........
Northern Territory.......................
Papua and New Guinea...............
Total................................

* Notified in the Commonwealth Gazette on  1969.

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

9252/66.—Price 8c 10/17.2.1969

Part II.

Claims, Surrenders, Annuities and Cash Bonuses paid and outstanding, and Values Allowed on Conversion to Other Classes of Life Insurance Business, for the year ended

State or Territory	Claims			Surrenders (including surrenders of bonuses)	Annuities	Bonuses paid in cash	Values allowed on Conversion to Other Classes of Life Insurance Business
	Death	Maturity	Other
$	$	$	$	$	$	$
New South Wales................
Victoria................................
Queensland..........................
South Australia....................
Western Australia................
Tasmania..............................
Australian Capital Territory
Northern Territory...............
Papua and New Guinea.......
Total.........................

 

Form 6.

Regulation 16.

COMMONWEALTH OF AUSTRALIA

Life Insurance Act

AUSTRALIAN LIFE INSURANCE STATISTICS

Quarterly Return of Ledger Balances of Certain Assets and Certain Liabilities Held in Australia of [name of company] as at [date].

 

Part I.

Class of Assets	Ledger Balances of Assets
	Assets in Australia of Statutory Funds maintained under the Act solely in respect of Superannuation Business carried on in Australia	Assets in Australia of other Statutory Funds maintained under the Act in respect of any Life Insurance Business carried on in or outside Australia	Total
$	$	$
Fixed Assets—
Freehold and leasehold property..........................
Office furniture, fittings, equipment and motor vehicles............................................................
Total fixed assets.........................................

Part I.—continued

Class of Assets	Ledger Balances of Assets
	Assets in Australia of Statutory Funds maintained under the Act solely in respect of Superannuation Business carried on in Australia	Assets in Australia of other Statutory Funds maintained under the Act in respect of any Life Insurance Business carried on in or outside Australia	Total
$	$	$
Loans (excluding advances of premiums)—On mortgage of real estate—
(a) Rural (not including mortgages where the security relates only to a dwelling).......
(b) Housing (including mortgages of rural property where the security relates only to a dwelling but not including mortgages where the security relates to flats, apartments or shops with dwellings).............................................
(c) Other..........................................................
On policies...........................................................
To controlled companies......................................
To building or housing societies..........................
Other....................................................................
Total loans ......................................................
Investments—
Government securities—
Australia...............................................................
New Zealand........................................................
Great Britain........................................................
Other....................................................................
Securities of local government and semi-governmental bodies .. ..
Company securities—
Debentures...........................................................
Secured and unsecured notes...............................
Preference shares.................................................
Ordinary shares....................................................
Holdings in controlled companies.......................
Other....................................................................
Total investments............................................
Cash—
On deposit—
Banks...................................................................
Short-term money market* .................................
Other....................................................................
On current account and in hand ..
Total cash........................................................
Grand total......................................................

Part II.

Class of Liabilities	Ledger Balances of Liabilities
	Liabilities in Australia of Statutory Funds maintained under the Act solely in respect of Superannuation Business carried on in Australia	Liabilities in Australia of other Statutory Funds maintained under the Act in respect of any Life Insurance Business carried on in or outside Australia	Total
$	$	$
Bank overdrafts.......................................................
Deposits...................................................................
Total..................................................................

* Note. The ledger balances of assets that are to be specified in relation to the heading “Short-term money market” in the first column of Part I. of this Form are the ledger balances of cash invested by way of loans to persons, being persons who are specified as dealers in the short-term money market in a notice given to the company by the Commissioner (being a notice that has not been cancelled), upon the security of securities of the Commonwealth.

                                 

Printed for the Government of the Commonwealth by W. G. Murray at the

 Government Printing Office, Canberra