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

Schedule 4   Insurance

Part 2   Forms of notices etc.

Life Insurance Act 1995

38   Application of amendments

(1) The amendments of subsections 179C(1) and (2) of the Life Insurance Act 1995 made by this Part apply in relation to a notice given on or after the commencement of this item.

(2) For the purposes of subsection 179C(1) of that Act, as amended by this Part, if, immediately before the commencement of this item, there is an approved form for a notice referred to in that subsection, then a written notice given:

(a) during the 2 months starting on that commencement; and

(b) in that form;

is taken to be given in accordance with section 8A of that Act.

(3) The amendments of paragraph 179C(6)(c) of the Life Insurance Act 1995 made by this Part apply in relation to a notice given on or after the commencement of this item.

(4) For the purposes of paragraph 179C(6)(c) of that Act, as amended by this Part, if, immediately before the commencement of this item, there was an approved form for the purposes of that paragraph, then a written notice given:

(a) during the 2 months starting on that commencement; and

(b) in that form;

is taken to be given in accordance with section 8A of that Act.