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

28   Application of amendments

(1) The amendment of section 20 of the Life Insurance Act 1995 made by this Part applies in relation to an application made on or after the commencement of this item.

(2) For the purposes of paragraph 20(2)(a) of that Act, as amended by this Part, an application:

(a) made during the 2 months starting on the commencement of this item; and

(b) accompanied by any information requested by APRA in relation to the application:

(i) under paragraph 20(2)(b) of that Act before that commencement; or

(ii) on or after that commencement;

is taken to be made in accordance with section 8A of that Act.