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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