Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 1   Amendments commencing on Royal Assent

Corporations Act 2001

52   Before subsection 1274(3)

Insert:

(2D) For the purposes of subsections (2) and (5), each of the following is taken to be a document lodged with ASIC if a copy has been given to ASIC by APRA:

(a) benefit fund rules that have been approved by APRA under section 16L of the Life Insurance Act 1995;

(b) an amendment of benefit fund rules that has been approved by APRA under section 16Q of the Life Insurance Act 1995;

(c) consequential amendments of a company’s constitution that have been approved by APRA under section 16U or 16V of the Life Insurance Act 1995.