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Life Insurance (prudential standard) determination No. 11 of 2010 - Prudential Standard LPS 600 - Statutory Funds
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Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standard) determination No. 11 of 2010 - Prudential Standard LPS 600 - Statutory Funds.
(a) policies that, immediately before the restructure, were referable to a transferring fund become referable to a receiving fund; and
(b) policy and other liabilities that, immediately before the restructure, were referable to a transferring fund become referable to a receiving fund; and
(c) assets that, immediately before the restructure, were assets of a transferring fund become assets of a receiving fund
to the extent specified in documents supporting an application under paragraph 5 provided to APRA.