STATUTORY RULES
1971 No.
REGULATIONS 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 Regulations under the Life Insurance Act 1945-1965.
Dated this twenty-second day of July, 1971.
Paul Hasluck
Governor-General.
By His Excellency’s Command,
B. M. SNEDDEN
Treasurer.
Amendment of the Life Insurance Regulations†
Interest on overdue premiums on ordinary policies.
1. Regulation 11 of the Life Insurance Regulations is amended by omitting the word “seven” and inserting in its stead the word “eight”.
Application.
2. The amendment made by the last preceding regulation 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 Commonwealth Gazette on 1971.
† Statutory Rules 1946, No. 136, as amended by Statutory Rules 1959, No. 98; 1962, Nos. 3 and 12; 1966, No. 36; and 1969, No. 51.
Printed by Authority by the Government Printer of the Commonwealth of Australia
11645/71—Price 5c 10/17.2.1971