Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008 (105 of 2008)

Schedule 4   Other measures: life insurance

Life Insurance Act 1995

1   Paragraph 3(2)(d)

Repeal the paragraph, substitute:

(d) providing for judicial management of life companies whose continuance may be threatened by unsatisfactory management or an unsatisfactory financial position, so as to protect the interests of policyholders and financial system stability in Australia;