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Life Insurance (prudential standard) determination No. 15 of 2012
No longer in force
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Administered by
Department of the Treasury
This item is authorised by the following title:
Life Insurance Act 1995
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F2012L02481
14 December 2012
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30 June 2023
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the benefits under the policy that are to be provided out of each fund; and
either:
$500,000; or
1 per cent of the value of the assets of the statutory fund as last reported to APRA in reporting standards made under the Financial Sector (Collection of Data) Act 2001 (FSCODA); the balancing may be carried out not less frequently than once every 28 days.