Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 16J

Modification of section 43

    Section   43 has effect in relation to a friendly society as if the following paragraph were inserted after paragraph   (3)(b):

  (ba)   nothing in this Act authorises a friendly society to make an investment of assets of an approved benefit fund unless:

  (i)   the investment is of a kind provided for by the approved benefit fund rules; and

  (ii)   the investment complies with the requirements (if any) in the prudential standards;



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