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
174 Subsection 995-1(1) (definition of policy termination value )
Omit “the *Solvency Standard”, substitute “prudential standards made under section 230A of the Life Insurance Act 1995”.
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