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

51   After subsection 216(6)

Insert:

(6A) A statement referred to in subsection (1) or (4) is given in accordance with this subsection if the statement:

(a) is given in writing; and

(b) if ASIC has approved a form for giving the statement under subsection (6B):

(i) is given in the approved form; and

(ii) includes the information required by the form; and

(ii) is accompanied by the documents (if any) required by the form; and

(c) includes the information (if any) prescribed by regulations made for the purposes of this paragraph in relation to the statement; and

(d) is accompanied by the documents (if any) prescribed by regulations made for the purposes of this paragraph in relation to the statement.

(6B) For the purposes of paragraph (6A)(b), ASIC may, in writing, approve a form for giving a statement referred to in subsection (1) or (4).

(6C) Without limiting subsection (6B), a form approved under that subsection may be:

(a) the form of a statutory declaration; or

(b) a form that requires a matter to be verified by a statutory declaration.