Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)

Schedule 4   Insurance

Part 6   Other amendments

Life Insurance Act 1995

135   Schedule (after paragraph (a) of the definition of superannuation policy)

Insert:

(aa) a life policy that is owned by the trustee of:

(i) an approved deposit fund (within the meaning of the Superannuation Industry (Supervision) Act 1993); or

(ii) a pooled superannuation trust (within the meaning of that Act); or

(ab) an RSA (within the meaning of the Retirement Savings Accounts Act 1997); or