Commonwealth Numbered Regulations

TREASURY LEGISLATION AMENDMENT (CHINA-AUSTRALIA FREE TRADE AGREEMENT) REGULATION 2015 (SLI NO 218 OF 2015) - SCHEDULE 2

Life Insurance Regulations 1995

1  Regulation 1.03

Insert:

"World Trade Organization Agreement " means the Marrakesh Agreement establishing the World Trade Organization, done at Marrakesh on 15 April 1994.

Note:          The Agreement is in Australian Treaty Series 1995 No. 8 ([1995] ATS 8) and could in 2015 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

2  Regulation 2B.01

Before "For", insert "(1)".

3  At the end of regulation 2B.01

Add:

                   ; (e)  the body corporate:

                              (i)  is authorised to carry on life insurance business in China; and

                             (ii)  is incorporated in China.

             (2)  In paragraph (1)(e), a reference to China does not include a reference to the following members of the World Trade Organization established by the World Trade Organization Agreement:

                     (a)  Hong Kong, China;

                     (b)  Macao, China;

                     (c)  Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu.