Commonwealth Numbered Regulations

1995 No. 152 INCOME TAX REGULATIONS (AMENDMENT) - REG 3

3.1 Omit the regulation, substitute: Interpretation

"14A. In this Part:
'authorised actuary' means:

   (a)  in relation to a life assurance company-an authorised actuary within
        the meaning of subsection 110 (1) of the Act; and

   (b)  in relation to a registered organisation-an authorised actuary within
        the meaning of subsection 116HAC (1) of the Act;
'future premiums' has the same meaning as in subsection 110 (1) of the Act;
'life assurance policy' means:

   (a)  in relation to a life assurance company-a life assurance policy within
        the meaning of subsection 110 (1) of the Act; and

   (b)  in relation to a registered organisation-a life assurance policy
        within the meaning of subsection 116E (1) of the Act;
'registered organisation' has the same meaning as in subsection 116E (1) of
the Act;
'risk component' means:

   (a)  in relation to a life assurance company-the risk component within the
        meaning of subsection 110 (1) of the Act; and

   (b)  in relation to a registered organisation-the risk component within the
        meaning of subsection 116E (1) of the Act.".