Financial Accountability Regime (Consequential Amendments) Act 2023 (68 of 2023)

Schedule 2   Application, saving and transitional provisions

Part 3   Other sectors

Division 4   Life insurance

25   Application for registration as a life company

The amendment of section 21 of the Life Insurance Act 1995 made by Part 1 of Schedule 1 applies in relation to an application under section 20 of the Life Insurance Act 1995 for registration as a life company if:

(a) the application was made before the commencement of this Part and, as at that commencement, APRA has not decided the application; or

(b) the application is made after that commencement.