Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009 (75 of 2009)
Schedule 1 Non-operating holding companies of life insurers
Part 1 Main amendments
Life Insurance Act 1995
184 Schedule
Insert:
Non-Operating Holding Company , in relation to a body corporate, means a body corporate:
(a) of which the first body corporate is a subsidiary; and
(b) that does not carry on a business (other than a business consisting of the ownership or control of other bodies corporate); and
(c) that is incorporated in Australia.