Life Insurance Regulations (Amendment)

Legislation au C1969L00051 Regulations Not in force Legislative Instrument

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STATUTORY RULES

 

1969 No.

_______

 

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.

______

 

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

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