Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 16N

When benefit fund rules approved by APRA come into force

    Benefit fund rules approved by APRA under section   16L come into force on the later of the following days:

  (a)   the day on which APRA approved the rules;

  (b)   the day (if any) specified in the rules as the day on which they are to come into force;

  (c)   if the company that applied for approval of the rules was not a friendly society on the day on which the application was made--the day on which the company becomes a friendly society.


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