Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)
Schedule 4 Amendment of the Life Insurance Act 1995
70 Dictionary in the Schedule (definition of approved auditor)
Repeal the definition, substitute:
approved auditor means:
(a) in relation to a life company other than a friendly society - a person in respect of whom an approval under subsection 85(1) is in force, being an approval in relation to life companies other than friendly societies; and
(b) in relation to a life company that is a friendly society - a person in respect of whom an approval under subsection 85(1) is in force, being an approval in relation to life companies that are friendly societies.
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