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

46   Application of amendments

(1) The amendments of section 200 of the Life Insurance Act 1995 made by this Part apply in relation to a memorandum registered under paragraph 200(2)(d) of that Act on or after the commencement of this item.

(2) For the purposes of paragraph 200(2)(a) of that Act, as amended by this Part, a written memorandum of transfer that:

(a) is registered under paragraph 200(2)(d) of that Act during the 2 months starting on the commencement of this item; and

(b) is in the form that, immediately before that commencement, was prescribed for the purposes of paragraph 200(2)(a) of that Act;

is taken to be in accordance with subsection 200(2A) of that Act.