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Life Insurance Act 1995

Submitted by Richard_Li on
Distinguished Terms in this instrument
Term(s) Definition Defined in Legislation See Section(s)
adequately adopted

, in relation to benefit fund rules or an amendment of benefit fund rules, has the meaning given by subsection ( 2).

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
Life Insurance Act 1995 - 2 Sections 75 and 76 of this Act
approved benefit fund

means a benefit fund for which there are approved benefit fund rules.

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
approved benefit fund rules

means rules (as amended from time to time by amendments in force under section 16T) in relation to which the following conditions are satisfied:

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
Life Insurance Act 1995 - 16N When benefit fund rules approved by APRA come into force
Life Insurance Act 1995 - 16T When amendment of benefit fund rules approved or determined by APRA come into force
Australian fund

has the same meaning as in Part 6.

Life Insurance Act 1995 Life Insurance Act 1995 - 56 Interpretation
Life Insurance Act 1995 - 74 Interpretation
Australian participating business

means participating business carried on in Australia .

Life Insurance Act 1995 Life Insurance Act 1995 - 56 Interpretation
Australian policy owners’ retained profits

, in relation to a statutory fund at a particular time, means the total of:

Life Insurance Act 1995
Australian/overseas fund

has the same meaning as in Part 6.

Life Insurance Act 1995 Life Insurance Act 1995 - 56 Interpretation
Life Insurance Act 1995 - 74 Interpretation
authorised person

means a person appointed under section 127.

Life Insurance Act 1995 Life Insurance Act 1995 - 126 Interpretation
Life Insurance Act 1995 - 127 Appointment of authorised persons
benefit fund

means a fund:

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
benefit fund rules

, in relation to a benefit fund, means the rules referred to in paragraph ( a) of the definition of benefit fund .

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
body concerned

means:

Life Insurance Act 1995 Life Insurance Act 1995 - 152 Interpretation
child’s advancement policy

means a policy issued, before a child has reached full age, by a person other than the child, which contains one or both of the following:

Life Insurance Act 1995
clearing and settlement facility

has the meaning given by Division 6.

Corporations Act 2001
conversion and write‐off provisions

means the provisions of the prudential standards that relate to the conversion or writing off of:

Life Insurance Act 1995 Life Insurance Act 1995 - 230AAB Definitions
conversion entity

: an entity (the first entity ) is a conversion entity for an instrument if:

Life Insurance Act 1995
converts

: an instrument converts into one or more ordinary shares of an entity including by redeeming or cancelling the instrument or rights under the instrument, and replacing the instrument or rights with ordinary shares.

Life Insurance Act 1995 Life Insurance Act 1995 - 230AAB Definitions
executing officer

, in relation to a warrant, means:

Life Insurance Act 1995 Life Insurance Act 1995 - 144 Grant of warrant
Life Insurance Act 1995 - 152 Interpretation
friendly society

has the meaning given by section 16C.

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
Life Insurance Act 1995 - 16C What is a friendly society?
full age

means:

Life Insurance Act 1995 Life Insurance Act 1995 - 218 Interpretation
jointly regulated friendly society

has the meaning given by subsection 16ZB(2).

Life Insurance Act 1995 Life Insurance Act 1995 - 16B Definitions
Life Insurance Act 1995 - 16ZB Certain friendly societies may continue to carry on health insurance business—modified operation of this Act

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