[1] Subregulation 4.01 (1), definition of free assets
omit
of Division 2 of Part 5 of the Act,
insert
of the prudential standards,
[2] Regulation 4.01B
omit
[3] Part 6
omit
[4] Schedule 2, definition of relevant actuarial standard
substitute
"relevant actuarial standard" means the prudential standard:
(a) made by APRA under section 230A of the Act; and
(b) known as the Prudential standard for paid up values and surrender values .
[5] Schedule 4, Form 1
omit
[6] Schedule 5, items 11 to 13 and 18 to 21
omit
[7] Schedule 6, item 17, sub‑subparagraph 159 (a) (ii) (A)
omit
the solvency standard;
insert
the prudential standards relating to solvency made by APRA under section 230A of the Act;
[8] Schedule 6, item 17, sub‑subparagraph 159 (a) (ii) (B)
omit
section 68
insert
section 230B in relation to solvency