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 1936
172A Paragraph 121AO(2)(a)
Omit “the Life Insurance Actuarial Standards Board established under the Life Insurance Act 1995 issued a capital reserve adequacy standard applicable to the company”, substitute “a prudential standard made under section 230B of the Life Insurance Act 1995 in relation to capital adequacy applied to the company”.
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