CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 1 of 2009 - Prudential Standard LPS 510 - Governance
Joint venturesJoint ventures
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Joint ventures
- For the purposes of this Prudential Standard, a life company that operates as a joint venture can be considered as part of the group of each parent entity. Independent directors of a parent can sit as independent directors on the Board of the joint venture entity. However, the general concessions available to subsidiaries in paragraphs 24 to 26 will not be available to joint ventures.