Federal Register of Legislation - Australian Government

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PR No. 41 Rules/Other as made
These Rules vary the Life Insurance Act 1995 - Prudential Rules No. 41 - Approval of Amendment of Approved Benefit Fund Rules.
Administered by: Treasury
Registered 08 Jul 2010
Tabling HistoryDate
Tabled HR28-Sep-2010
Tabled Senate28-Sep-2010
Date of repeal 01 Jul 2011
Repealed by Other
Repealing Comments Principal instrument revoked by Life Insurance (prudential standard) determination No. 2 of 2011 - Prudential Standard LPS 700 - Friendly Society Benefit Funds.



Life Insurance (Prudential Rules) Determination No. A2 of 2010


Prudential Rules No. 41 - Approval of Amendment of Approved Benefit Fund Rules


Life Insurance Act 1995



I, John Roy Trowbridge, a delegate of the Australian Prudential Regulation Authority (“APRA”), under subsection 252(4) of the Life Insurance Act 1995 (the “Act”), VARY the following rules in Prudential Rules No 41 for the purposes of subsection 16Q(2) and paragraph 16Q(4)(b) of the Act:



1.             The rule in the first column of the following table is amended as described in the second column in the Table:




Substitute “Prudential Standard LPS 902 Approved Benefit Fund Requirements” for “Prudential Standard 2”


Substitute “paragraph 17 of the Prudential Standard LPS 320 Actuarial and Related Matters” for “Prudential Standard 1”



This instrument commences on the date it is registered on the Federal Register of Legislative Instruments.



Dated  28  June 2010





John Roy Trowbridge