Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) In this Division:
"Australian fund" has the same meaning as in Part 6.
"Australian/overseas fund" has the same meaning as in Part 6.
"Australian participating business" means participating business carried on in Australia.
"overseas fund" has the same meaning as in Part 6.
"overseas participating business" means participating business carried on outside Australia.
(2) The categories of business of a statutory fund for the purposes of this Division are the categories of business into which the classes of life insurance business to which the fund relates are divided by section 75 or 76.
(3) In its application to a company other than a company limited only by shares, a provision of this Division that includes the expression "shareholders'" is to be read as if "members'" were substituted for "shareholders'".