Commonwealth Numbered Acts

LIFE INSURANCE ACT 1995 No. 4 of 1995 - SECT 255

255. (1) Section 47 of the Insurance Laws Amendment Act 1991 (the "Amendment
Act") has effect after the commencement of this Act as follows:

   (a)  the reference to a company registered under the Life Insurance Act
        1945 is to be read as a reference to an existing life company;

   (b)  the reference in subsection (2) to section 19A of the Life Insurance
        Act 1945 is to be read as a reference to section 23 of this Act.

(2) If regulations are made for the purposes of subsection 23(1), (3) or (4),
the regulations may make provision modifying the operation of section 47 of
the Insurance Laws Amendment Act 1991.