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

Schedule 1   Streamlining prudential regulation

Part 2   Amendments commencing 1 January 2008

Income Tax Assessment Act 1997

176   Subsection 995-1(1) (definition of Valuation Standard )

Omit “actuarial standard”, substitute “prudential standard made under section 230A of the Life Insurance Act 1995”.